Morrisons asks for patience

Wm Morrison supermarkets yesterday told shareholders they will have to be patient as the firm tries to catch up with rivals that have much bigger online and convenience store offers. “We’ve got great colleagues, we’ve got great stores and we’ve got a great balance sheet, so we have a platform to grow on,” chief executive Dalton Philips said. “But it’s going to be tough and it’s going to remain tough until all these pieces start fitting together.”