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Morrisons' and Waitrose's profits slide as Ocado sales jump

Published:  12 September, 2014

Morrisons and Waitrose are the most recent losers of the fierce supermarket price wars that have erupted across the UK in the last year. WM Morrison reported just over a 30% decline in half-yearly profits on Thursday, while Waitrose which had remained relatively unscathed by the competition, reported a 9.4% drop in profits for its half yearly results.

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