Morrisons to close 11 supermarkets with 900 jobs under threat

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Struggling supermarket Morrisons has announced the closure of 11 supermarkets putting 900 jobs at risk as it reported its latest slump in profits.

Pre-tax profits for the half-year to August 2 fell 47% to £126 million while like-for-like sales for the period dropped 2.7% compared with the same period last year.

New chief executive David Potts said the group faced a "long journey" to turn around its fortunes.

It comes a day after Morrisons said it was selling 140 M local convenience stores for around £25 million to concentrate on its larger supermarkets.