Morrisons hit by Safeway takeover costs

Supermarket chain Morrisons racked up half-year losses of £73.7m (€108.5m) today as it revealed the impact of its continuing woes integrating UK rival Safeway.

The figure for the 25 weeks to July 24 compared with profits of £121.6m (€179.1m) for the same period last year and followed a string of profits warnings over the last year.