Morrisons first half pre-tax profits plunge as like-for-likes dip | News | Retail Week UAT

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Morrisons first half pre-tax profits plunge as like-for-likes dip

By Gemma Goldfingle2013-09-12T07:59:00

Morrisons pre-tax profit plunged 22.1% to £344m in its first half as it blamed challenging market conditions.

Morrisons pre-tax profit plunged 22.1% to £344m in its first half as the grocer invested in reducing pricing, increased marketing and entering new channels.