LONDON (ShareCast) - Upbeat commentary on Morrisons gives the food retail sector a lift.

Credit Suisse thinks the time is right to buy into the supermarket before the new boss, Dalton Philips, makes his debut results announcement on 9 September.

The supermarket is higher, as is rival Sainsbury’s.

Announcements from alternative energy stocks have not been well received.

Ceramic Fuel Cells falls after the Australian power generation developer took advantage of recent share price strength to raise £10m through a placing of 59.5m shares at 10.5p each with institutional investors and a subscription for 35.7m ordinary shares by a cornerstone investor at the same price.

PVCS Crystalox Solar, which provides silicon wafers for solar cells, falls after profits plunged on lower revenues.

Top performing sectors so far today
Industrial Transportation 2,307.51 +1.12%
Industrial Metals & Mining 6,078.21 +1.03%
Technology Hardware & Equipment 504.50 +0.59%
Automobiles & Parts 3,299.01 +0.28%
Food & Drug Retailers 4,675.35 +0.24%

Bottom performing sectors so far today
Alternative Energy 3,964.56 -8.38%
Chemicals 5,548.79 -2.46%
Oil & Gas Producers 6,823.22 -2.11%
Tobacco 25,642.87 -1.94%
Food Producers & Processors 4,547.05 -1.93%

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