Morrisons delivers 17% rise in profits on back of surge in local food sales


Fourth largest UK supermarket says sales of local suppliers’ food has risen 50% in two years

A surge in sales of local foods such as Plumgarth sausages and Voakes pies helped Morrisons fight off competition from the discounters and deliver a 17% rise in profits.

The UK’s fourth largest supermarket chain said it was paying a 4p a share special dividend on top of its 4.43p final dividend as underlying pretax profits rose 11% to £374m in the year to 4 February.

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