Morrisons' profits hurt by supermarket price war
The supermarket chain Morrisons has reported a fall in half year profits of just over 30% as it feels the effects of cutting prices to win back shoppers.
It said pre-tax profits for the six months to 3 August fell to £239m from £344m a year earlier.
Morrisons is one of the "Big Four" supermarkets squeezed between the higher end of the market and discount stores, including Aldi and Lidl.
Emma Simpson reports.
11 Sep 2014
- From the section Business