FTSE caught by supermarket chain

Wm Morrison fell 5.95% to 197.50p after reporting a “disappointing” set of full year figures, with the group sinking into the red as profits before Safeway-related costs plunged 80%. Friends Provident also fell 1.86% to 211.50p despite reporting a 66% rise in pre-tax profit and noting it achieved a good performance in UK life and pensions against a challenging market place. Claims People, the claims management provider, announced a slump in profits for the last year and warned it is continuing to see low volumes of claims. Its shares fell 15.38% to 1.38p. After putting on a bold pe...