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Morrisons defies sales stalling with stronger than expected profits

Grocer Wm Morrison increased its earnings in the most recent six-month period even as a key underlying sales growth figure nearly stalled amid waning consumer confidence and unfavourable summer weather. The supermarket group said profit before tax and exceptional factors for the six months to August 4 rose 5.3 per cent to £198m. The figure exceeded the consensus estimate of analysts polled by Bloomberg of £192m.

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Amazon, 12-09-2019 12:04:25

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