Morrisons sales rise in Q1 as it targets £700m cost-cutting drive

The group said the cost-cutting drive would enable further investment in lowering prices, increasing service levels, investing in loyalty and expanding the convenience footprint

Morrisons has revealed that revenues rose by 3.4% to £4.7m in the first quarter of the year as it announced plans to cut costs by £700m over the next three years.

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