Takeover target Wm Morrison Supermarkets Plc warned that the U.K. food industry is facing sustained inflation that threatens to continue the rest of this year.
Higher raw material prices and freight charges have led to “slight inflation” in the retailer’s first half, and the company is enacting cost-cutting measures because it’s set to continue in the second half, Morrison said Thursday.
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September 09, 2021 at 01:22PM
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Morrisons Says U.K. Food Industry Faces Sustained Price Pressure - Bloomberg
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