Supermarkets
Morrisons profits halve in Q3 as inflation pressures hit
Despite total revenue rising by 4.5% to £4.8bn, the group’s profit was hit by record inflation, rising interest rates and ‘unprecedented’ energy prices
Morrisons has seen its profits halve in its latest quarter, falling from £356m to £177m, with the group warning that consumer sentiment continues to be “very subdued”.
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