The Morning News Update with Morrisons, Debenhams and ASOS

FTSE 100

Morrisons (MRW) – In the six weeks to 4th January, total sales excluding fuel were down by 1.3% and LFL sales excluding fuel down were down 3.1%. Chief Executive, Dalton Philips, will leave after the year-end results.

Meggitt (MGGT) – Meggitt Training Systems has won a $31.7 million contract for indoor simulated marksmanship training systems from the US Marine Corps.

FTSE 250

Debenhams (DEB) – for the 19 weeks to 10th January 2015 like for like sales fell by 0.8%.

Galliford Try (GFRD) – has achieved financial close on the £31.2 million Hub South West Scotland Ltd contract for North Lanarkshire Council to build the new Greenfaulds High School as part of the Council’s Schools and Centres 21 scheme.

Michael Page (MPI) – reports 12.9% group gross profit growth for Q4, with double digit contributions from all four regions.

Small caps

ASOS (ASC) – Trading over the last six weeks was in line with expectations at +15%, with growth accelerating over Q1 as anticipated.

IDOX (IDOX) – posts a profit before tax of £7.6 million for the year to October, up by £0.1 million.

Alexander Mining (AXM) – has raised £360,000 through the issue of 72,000,000 new ordinary shares at a price of 0.5p per share.

Northern Petroleum (NOP) – Canada update. Total production from the Company’s Canadian operations exceeded 500 barrels of oil per day on 27th December 2014.