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Morrisons revived by sales upturn
Shares in troubled supermarket chain
Morrisons have risen after fears of
another profit warning were soothed by
news of a sales upturn.
The Bradford-based company said like-
for-like sales were up 5% and stuck by
its current profits forecast.
It said it was on track to have all 360
stores it bought from Safeway under the
Morrisons banner by November.
Its takeover of Safeway transformed
Morrisons into the fourth-largest UK
food retailer.
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