Morrisons reports more than £1bn loss as debt pile incurs rising costs

Latest annual accounts show supermarket paying price for debts taken on during 2021 takeover

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Morrisons has revealed it made a loss of more than £1bn last year, in part because of the rising cost of debts incurred during a private equity takeover in 2021.

The UK’s fifth-largest supermarket had to pay finance costs of £735m, up from £590m the year before, according to its latest annual accounts for the year to 29 October.