, Morrisons’ Profits Predicted to Drop
Supermarket chain Morrisons will be in a spotlight this week as it has been announced that company’s half-year results will be published on Thursday. Morrisons’ half-year results are expected to show that the UK fourth-largest grocery chain is struggling with the current economic situation and a fiercer competition especially from challenger Asda after the purchase of Netto. Dalton Philips, the chief executive of Wm Morrison, believes that a new fresh-food format for company’s supermarkets will help the giant chain to reverse a decline in sales at Morrisons.
