Morrisons has finalised its online shopping agreement with home delivery specialist Ocado
Morrisons, the UK's fourth largest supermarket chain, has reported a fall in half-year profits, citing "challenging" market conditions.
Pre-tax profits fell to £344m for the half-year to 4 August, compared to £440m in the same period last year.
The "economic backdrop remains difficult for the consumer", said chief executive Dalton Philips.
Morrisons is to offer online shopping from the end of January 2014 after finalising an agreement with Ocado.
"Whilst early indications of a recovery in the UK economy are encouraging, we are yet to see this impact on consumers' pockets", the company said.
Total turnover for the period remained the steady at £8.9bn, the same as last year, but like-for-like sales - which strip out the effect of new store openings - fell 1.6%.
Source: BBC News - Business http://www.bbc.co.uk/news/business-24059641#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
