Morrisons jumps 8%; Hargreaves shares slide on downgrade

FTSE 100 stronger

Morrisons' share price jumped 8% today after the company reported strong half-year results, while Hargreaves Lansdown fell after it was downgraded by broker Liberum.

Morrisons saw its share price rise 7.6% to 208.3p after the supermarket chain reported a 13.5% rise in half-year profits to £143m. The figure marked the first increase in its profits in four years, the company also announced that it had cut its debt by £477m. The company said "it is too early to know how the recent referendum result could affect the British economy, but customers tell us their food shopping has not changed", according to the BBC. The result boosted investors' confidence in the 'big four' as both Tesco and Sainsbury's rose on the news, 4.9%  and 2.1%. On the othe...