Mixed Morrisons

MORRISONS is expected to post rising sales and profits when it releases half-year results on Thursday.

Analysts are predicting like-for-like sales will rise 2.6pc in the first six months of the year, with HSBC tipping half-year profits will jump 30pc to £186m.

Second-quarter sales however are expected to show a slowdown, with broker Jefferies pencilling in a 1.7pc rise compared to growth of 3.4pc in the first three months of the year.