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BUZZ-Morrisons: poised for best two-day move in decade

Thu, 06th Nov 2014 10:05

** Morrisons jumps for second day as grocer said itremains confident in its FY 2014-15 profitoutlook.

** Stock up 6 pct, star performer on 0.5 pct weaker FTSE 100index, having risen 5.9 pct on Wednesday on read-acrossfrom robust results from M&S.

** Losses for year trimmed to around 33 pct.

** Some short covering may be taking place, traders say.12.3 pct of Morrisons shares are on loan, making it thesecond-most borrowed FTSE 100 stock, behind Sainsbury,Markit data shows.

** A 4.4 mln share order, or a quarter of day's volume,crossed right at the close on Wednesday.

** Strong day for UK retailers overall with M&S up 4.9 pct,helped by brokers becoming more bullish on stock, Sainsbury 4pct higher & Tesco up 2.1 pct. (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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