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Steady as she goes strategy at Morrisons

Irishman Dalton Philips is likely to resist the temptation to make wholesale changes to a winning formula on Thursday when he delivers his first set of results since taking charge of William Morrison six months ago.

The figures will underline the group’s status as best performer among the top four supermarket chains with total sales up around 9.5% and underlying half-year profits expected to rise by approaching 15% to top the £400 million mark.