MORRISONS, the Yorkshire supermarket group, has beat forecasts with a 21% rise in annual profit aided by its formula of offering fresh food at low prices.

Bradford-based Morrisons, Britain's fourth-biggest grocer, also hiked up its dividend despite admitting the outlook for consumers was still uncertain.

Morrisons also confirmed that new chief executive Dalton Philips will join the company on March 29.

The group saw underlying profits before tax and one-off items increase by 21% in the year to January 31,......for the full story register now for free or login below...