Morrisons has completed the final sale of stores required by competition bosses following its takeover of Safeway.

Four stores in the north of England were sold to Tesco, Somerfield, the Co-operative Group and Netto.

The Office of Fair Trading (OFT) ruled that Morrisons would have to sell 52 stores to meet competition requirements after buying rival retailer Safeway for £3bn in 2003.

The company's shares climbed 0.25 pence to 183.5p in early trading in London.

Topics