The supermarket chain warned of "industry-wide" price rises while reporting a 43% drop in profits in its half-year results on Thursday. The UK's fourth-largest supermarket chain said the hikes were to be "driven by sustained recent commodity price increases and freight inflation, and the current shortage of HGV drivers". The Road Haulage Association (RHA) has estimated there is a 100,000 shortage of HGV drivers across the UK, triggering gaps on shelves due to severe delays in deliveries. Chief executive David Potts indicated HGV drivers should be eligible for Skilled Worker visas, allowing them to work in the UK. Morrisons is currently at the centre of a takeover battle between two US private equity firms.

Source: Daily Mirror September 09, 2021 07:18 UTC