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Updated9 Sep 4:36am

Morrisons profit drops as firm warns over supply chain crisis

The Guardian
Supermarket flags up rising prices as company prepares auction to choose between rival private equity bidders Morrisons has reported a drop in profits as it warned of rising costs in its supply chain because of coronavirus pandemic disruption and a shortage of HGV drivers, as the UK chain prepares for an auction to decide between two private equity bidders The supermarket’s profit before tax and some one-off items fell by more than one-third to £105m in the six months to 1 August compared with the same period in 2020, it said in a statement to the stock market.
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