Morrisons is to invest £110m over the next three years to improve its IT infrastructure - but don't expect any radical changes from the supermarket chain.

Mark Bolland, chief executive officer for Morrisons, said in its preliminary results report: "We will not be seeking to implement any 'leading edge' technology, as we believe our competitive advantages come in other areas, such as in-store service."

Bolland added the supermarket chain is approaching the point of requiring a change to the core IT systems that have been developed in-house over many years, with some up to 30 years old.

As part of the £110m investment, Morrisons will move from bespoke to packaged software and shift its trading, store, warehousing, distribution, payroll and financial systems on to new platforms.

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Prashanth Rai