Morrisons sees sales fall 5% amid customer stockpiling

Supermarket giant Morrisons has seen sales dive 5% since its financial year end as a result of “considerable” stockpiling by customers amid the coronavirus outbreak.

The group, which yesterday announced plans to ramp up its online operations to help meet surging delivery demand, said underlying pre-tax profits rose 3% to £408 million in the year to February 2.

Full year like-for-like sales were…

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