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Fraser McKevitt, head of retail and shopper insight at Kantar. Morrisons' own update confirmed its underlying sales, excluding gas and sales tax, fell 1.7% in the 22 weeks to Jan. 5 - a interval that included the group's third quarter. Chief Government David Potts instructed reporters. The 9-week Christmas buying and selling interval. Morrisons' performance was, however, better than feared, with analysts forecasting a decline of 2.2% from the yr earlier period. UK pay progress has slowed because the middle of 2019 - a yr characterised by political uncertainty within the run-as much as several Brexit deadlines and the Dec. 12 national election. Potts mentioned there could be uncertainty within the grocery market until the phrases of Britain's exit from the European Union develop into clearer. The agency stated it nonetheless anticipated 2019-20 pretax profit within the vary of analysts' forecasts of 400-431 million pounds ($527-$568 million), up from 396 million pounds in 2018-19, thanks to the tight administration of prices.
