Morrisons has had its first day trading on the FTSE 250 today (21 December), after being demoted from the blue-chip index in the last quarterly review.
After 15 years at the top, Morrisons' demotion has come at a time when it has been losing market share all year, as the price war with discounters Aldi and Lidl continues in the battle to win customers.
Its share price has fallen by 13 per cent over the last 12 months, City AM reports, giving it a market capitalisation of £3.53 billion.
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