Supermarket chain Morrisons has reported pre-tax profits (before one offs) surging 19% to GBP 295 mln in the 6 months to 3rd August from GBP 241 mln in 2007. The company said “More shoppers are choosing Morrisons because of our price-crunching deals.” Got that one right!!!!! I shop at Morrisons for one reason……….price. The selection of products and quality of their fresh produce certainly isn’t up to much, and I’d rather shop at Tescos, Sainsburys or Marks & Spencers but can’t afford to. Morrisons good times are a sign of general hard times. Cable has seen choppy trade this morning but looks a little directionless, recovering to 1.7500 at wring after an earlier sell-off.