Safeway accounting forces grocer to revise figures days before its preliminary results
Morrisons has sent out a late profit warning, saying it expects profit before tax to be between£320 million and£330 million for the last financial year.

The grocer said a£40 million shortfall will occur because of a discrepancy in Safeway supplier balances and other accounting system issues last year.

The retailer will present its preliminary results on March 23.