Round Up - Morrisons, Rolls-Royce, SME Jobs At Risk

Supermarket Morrisons is toasting a 0.7% increase in like-for-like sales in the 13 weeks to May 1. It said it was helped by online sales, lower prices, its new self-scan checkouts and demand for its food-to-go and Free From ranges. Chief executive David Potts said: “We are encouraged by progress.”

Iconic engineering group Rolls-Royce said its first six months was close to break-even but that profit would be weighted towards the second half of the year. The troubled group has already announced a restructuring plan with the aim of saving between £150million and £200million a year by 2017 by cutting staff and improving decision making.

Over 1.8million jobs are at risk as 370,000 small businesses plan to cease trading over the next 5 years according to business for sale marketplace Bizdaq. A further 424,000 business owners plan to exit their business by selling within the next five years.