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FTSE LIVE: Morrisons to dish out a special dividend

Morrisons has reported a upward push in annual gross sales and earnings as its turnaround gathers tempo.

The Bradford-based chain stated it made underlying earnings of £374m within the yr to four February, up from £337m in 2016.

Like-for-like gross sales except for gas, and stripping out retail outlets open for lower than a yr, have been up 2.eight%.

The just right efficiency allowed for the announcement of a 4p a proportion special dividend payout for its shareholders, which sees the full complete yr dividend just about double to 10.09p a proportion.

Jane Denton has the overall tale. 


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