Morrisons see profits hit £935m

AOL Money Staff
Morrisons
Morrisons

The UK's fourth biggest supermarket Morrisons has boasted success in a price war with its rivals as it reported a better-than-expected rise in annual profits.

Morrisons chief executive Dalton Philips said its budget M Savers range had received a strong response and the supermarket offered "promotions that customers understood".