Belfast Telegraph

Pre-tax sales at Morrisons up 8%

The UK's fourth biggest supermarket Morrisons boasted success in a price war with its rivals as it reported a better-than-expected rise in annual profits.

Morrisons, which has 455 stores in the UK, recorded an 8% rise in underlying pre-tax profits to £935m in the year to January 29, as like-for-like sales excluding fuel and VAT rose by 1.8%.