Morrisons reports year of steady progress

Morrisons has credited its competitiveness at the tills for a decent full-year trading performance.

The supermarket chain reported group revenue for the year, excluding fuel, up 2.7 per cent to £14.9bn. Group like-for-like sales, excluding fuel, rose 3.3 per cent in the fourth quarter and 1.8 per cent for the year, representing six consecutive quarters of like-for-like

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