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A Morrisons supermarket

Morrisons is set to close more than 50 of its in-store cafes and several Morrisons Daily convenience stores across the UK. This restructuring move will result in the loss of more than 3,600 jobs, marking another setback for the British high street .

The decision comes as the retailer reports a return to profit for the first time since its private equity takeover in 2021. The company posted a pre-tax profit of £2.1 billion for the year ending October 27, 2024, a significant turnaround from losses of £919 million the previous year and £1.3 billion the year before that.

A substantial portion of this profit, £2.6 billion, came from the sale of its petrol forecourts to Motor Fuel Group. While the forecourt sale contributed significantly to the profit rebou

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