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BRIEF-Morrisons says deflation eased in Xmas trading period
January 10, 2017 / 8:06 AM / in 9 months

BRIEF-Morrisons says deflation eased in Xmas trading period

Jan 10 (Reuters) - Morrisons

* CFO says saw some easing of deflation from Q3 to Xmas trading period

* CFO says priority is to be “very competitive”

* CFO says online contribution to Xmas period like-for-like growth was 0.6 percent

* CFO says deflation in 9 week Xmas period was 0.2 percent

* Shares open up 4 percent as Xmas sales beat forecasts, profit guidance raised

* Tesco shares up 4 percent, Sainsbury up 2.4 percent Further company coverage: (London Newsroom)

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