Beleaguered supermarket chain Morrisons has posted pre-tax profit down 52% to £345M for the full-year to February 1 and axed 380 jobs with the closure of 23 convenience stores.
Bad news continues to dog supermarket chain Morrisons, with the announcement last month that 2,600 store managers were likely to lose their jobs as part of a review of its retail operations.
Ocado plans to develop as a grocery retailer not a logistics firm for hire, insisted its boss, as the firm reported bigger losses in the first half of this year.
Supermarket chain Morrisons is set to create 400 jobs at its Bridgwater manufacturing site as the firm seeks to combine its packaging and distribution operations.
