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Tuesday newspaper round-up: Morrisons, gambling ads, airlines

Morrisons has warned its profits are likely to take a significant hit this year as the cost of living crisis and disruption due to the war in Ukraine weigh on the grocery market. The UK’s fourth largest supermarket chain said “developments in the geopolitical environment” and “ongoing and increasing inflationary pressure” since the beginning of February were hitting consumer sentiment and spending. – Guardian
Gambling and betting companies will be banned from using advertising featuring top-flight footballers and other sports personalities, as well as reality TV and social media stars, under new rules designed to protect under-18s and other vulnerable groups. The changes, set out by the body responsible for the UK code for advertising, will mean that past betting and gambling marketing that features stars and celebrities such as Cristiano Ronaldo, José Mourinho, Michael Owen and Harry Redknapp, would not be allowed in the UK. – Guardian

Airline chiefs have sought to blame the Government for widespread disruption to Easter travel as passengers faced cancelled flights and massive queues at airport security amid a severe shortage of staff. Customers were stuck in hours-long queues as airports were unable to open all of their security gates on Monday, with over 120 flights cancelled and hundreds more expected to be called off in the coming days. – Telegraph

Britain is not set for a repeat of the 1970s and war in Ukraine could lead to lower inflation than previously expected, a senior Bank of England official said. Sir Jon Cunliffe, deputy governor for financial stability, said there was a risk the conflict could lead to inflation undershooting the 2 per cent target. – The Times

MPs on a leading Commons committee have accused the prime minister of saying he would conduct a national security inquiry into the Chinese takeover of a semiconductor factory – then doing nothing about it. Tom Tugendhat, the Conservative chairman of the foreign affairs select committee, has demanded that Boris Johnson answers questions on Newport Wafer Fab, the UK’s largest microchip wafer fabricator, which last summer agreed a £63 million takeover by Nexperia, a Chinese technology subsidiary. – The Times

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