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Morrisons reports 2.9% surge in sales over Christmas

Morrisons has reported a 2.9% increase in sales over Christmas. Credit: PA

Supermarket Morrisons reported a 2.9% surge in like-for-like sales excluding VAT and fuel for the nine weeks to January 1, marking the group's best performance for seven years.

The chain upped its full-year profit outlook after the better-than-expected sales hike for the nine weeks to January 1, pencilling in underlying pre-tax profits of between £330 million to £340 million.

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Co-op to open new stores creating new jobs

Credit: Yui Mok/PA Archive/Press Association Images

High Street giant, the Co-op is to invest £70 million in 100 new stores across the country including ones in East and South Yorkshire next year, creating 1,500 jobs.

The retail giant is to open stores in Beverley and Sheffield but said it will focus on opening stores in London and the South East, with five new sites in the capital before the end of March.

"The Co-op has a clear food strategy, which is to deliver a great and convenient shopping experience for millions of members and customers on a daily basis.

"As part of this strategy our acquisitions programme is fundamental to its success, and we are actively seeking new opportunities."

– Stuart Hookins, Co-op's Property Portfolio and Development Director
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