Morrisons faces down £100m borrowing costs hit

Morrisons store

Supermarket giant Morrisons is facing a £100m bulge in its borrowing costs as market volatility takes further toll on the debt-laden business.

Since its acquisition by private equity firm CD&R more than half of the grocer’s longer-term debts have been left floating and it has not hedged its interest, according to reporting by The Sunday Times

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