UK supermarket chain and takeover target Safeway has said its sales performance has been in line with its plans for the third quarter to 3 January.

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Profit for the quarter, before tax and exceptional items, was slightly ahead of last year. Like-for-like sales, on a net basis, fell 4.1% compared to the year-ago period.


On a gross sales basis, in line with Safeway’s previous revenue recognition policy, like-for-like sales fell by 0.8%, compared with growth of 0.1% in the first half.


Safeway said that documentation relating to the proposed merger between Safeway and Yorkshire-based Morrisons is being posted to Safeway shareholders today.

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