Morrison to offer internet sales

Dalton Philips, the new chief executive at supermarket Wm Morrison, will use his first big presentation to the City to unveil plans to move into online grocery shopping this Thursday. The announcement will be part of the firm’s half-year results. Analysts have predicted a pre-tax profit of around £400m, a rise of 10 per cent on the same period last year. Philips’ presentation falls on the same day as online grocer Ocado’s first set of results since its float in July, which are expected to reveal a heavy loss.