U.K. PROFIT MARGINS SEEN IN STEADY DECLINE

LONDON (FNS) -- Profit margins at U.K. food retailers are in a steady decline that will continue over the medium term as a result of intense competition and rising costs, according to a report by Verdict Research, a consultancy based here.But the report, "Verdict on Grocers and Supermarkets," said the decline represents a return to normality in the industry, which generally suffers from "intense competition

LONDON (FNS) -- Profit margins at U.K. food retailers are in a steady decline that will continue over the medium term as a result of intense competition and rising costs, according to a report by Verdict Research, a consultancy based here.

But the report, "Verdict on Grocers and Supermarkets," said the decline represents a return to normality in the industry, which generally suffers from "intense competition in an overshopped market."

It said the 1980s boom among British food

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