Morrisons, the Bradford-based grocer, has reported an annual loss of £1bn, attributed to rising debt-financing costs. Multiple sources including FT, Evening Standard, and BBC Leeds highlighted the supermarket's financial struggles amid its growing debt pile. In contrast, the company behind Waitrose and John Lewis department stores has seen a turnaround, recording a profit of £56m after a previous year's loss of £234m.
How Morrisons' debt burden made it a supermarket loser - @hannaheboland and I dig into the worsening finances of the Bradford-based grocer https://t.co/REEMoF9BFZ
The company behind Waitrose grocery shops and the John Lewis department stores recorded a profit of £56m, after a loss of £234m in the previous financial year https://t.co/XlunA5BP8f
How Morrisons' debt crisis made it a supermarket loser - @hannaheboland and I dig into the worsening finances of the Bradford-based grocer arehttps://www.telegraph.co.uk/business/2024/03/14/how-morrisons-debt-crisis-made-supermarket-loser/
Morrisons posts £1bn loss amid rising debt costs https://t.co/X79mjLMqFq
Morrisons posts £1bn loss amid pressure from debt pile https://t.co/YJQkUgU2pp
Morrisons posts annual loss of £1bn as debt-financing costs bite https://t.co/nMiokEHaFj