FTSE LIVE: John Lewis profits crash 99 per cent; Morrisons hails best sales in nearly a decade

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FTSE CLOSE: Bank of England holds rates steady at 0.75% in unanimous vote; John Lewis profits crash 99 per cent; Morrisons hails best sales in nearly a decade


The FTSE 100 closed down 31.79 points at 7281.57 and the pound was at $1.31 against the dollar.

The John Lewis Partnership’s pre-tax profits cascaded 98.8 per cent in the first half of the year, for which it  blamed ‘challenging times’ and the most promotional market in a decade.

Morrisons, however, after marching ahead with its turnaround under chief executive David Potts, has achieved its strongest quarterly sales in nine years and half-year profits up 9 per cent.  

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