Wm Morrison’s bosses are expected to play on the benefits of its British supply chain during times of crisis as the grocer faces questions about sluggish sales.
The Bradford-based supermarket is expected to unveil a meagre lift in annual pre-tax profits this week to £408 million from £406 million last year, while like-for-like sales are expected to have slipped by 1.7 per cent.
Morrisons has trailed its “big four” supermarket rivals’ sales performance in recent months with most sales falling by 2 per cent over the 12 weeks to February 23. Its shares have fallen by 15 per cent in a year and it narrowly avoided relegation to the FTSE 250 last week.
The supermarket makes two thirds of its groceries in the UK, which
