Morrisons hit by price claims

Supermarket group Morrisons has hit back at claims that it is 5% more expensive that Tesco.

The allegations were made by Panmure Gordon analyst, Philip Dorgan, who also claimed that Morrisons was “mortgaging its future for the sake of the short term”.

Morrisons said that its advertising was “always about price and value so there’s no change of tack.”