Community

Is The Morrisons Development Under Threat Again?

Morrisons’ has once again announced a disappointing set of financial results. We now hear that the company’s pre-tax losses have deepened to £792m increasing from £176m only a year ago. Add to that a fall in sales by 5.9% in the year to February. The supermarket has announced as a result of this poor set of results they intend to close 23 stores and cut 300 jobs. This is the company’s worst set of results for 8 years.

(more…)