Morrisons says profits likely to take big hit from inflation and Ukraine war

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Morrisons says profits likely to take big hit from inflation and Ukraine war
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Supermarket warns of ‘material adverse effect’ on earnings and sales as grocery market struggles with disruption and rising prices

Morrisons has warned its profits are likely to take a significant hit this year as the cost of living crisis and disruption due to the war in Ukraine weigh on the grocery market.

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