Morrisons losses hit nearly £1bn despite sales growth

Morrisons grows sales but still loses nearly £1bn

Source: Morrisons

Morrisons blamed unexpected ‘headwinds’ to the tune of £200m in costs from Rachel Reeves’ autumn 2024 budget, and the impact from a cyberattack which crippled its supply chain in the run-up to Christmas 2024.

Morrisons’ losses have grown to nearly £1bn despite an improvement in sales.

Already have an account? Sign in here

Want access to this article?

Register for LIMITED access

REGISTER FOR FREE

Get PREMIUM access for £1 a week

SUBSCRIBE NOW