Morrisons confirms fall in sales

<p>Like-for-like sales are down at Morrisons.</p>

Morrisons has confirmed a drop in like-for-like sales over the course of the third quarter.

The supermarket chain – which is the fourth biggest in the UK after Tesco, Sainsbury's and Asda – announced the news in its latest financial results.

It revealed a 2.4 per cent dip in its like-for-like sales between July and September this year.

Morrisons explained its lack of an online service is holding the company back, with the supermarket to begin deliveries from January.

"Consumer confidence remains subdued and we continue to see heavy promotional activity across the industry," Morrisons said in a statement.

The company added that it is also lagging behind rivals in terms of convenience stores, but is planning to open more of these smaller shops in the near future.

Morrisons' share price is slightly down this morning following the news its like-for-like sales have fallen. At 08:30 GMT, its share price was down 0.43 per cent for the session.

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