Supermarkets
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Oct- 2022 -5 October
Tesco raises pay despite profit hit
Tesco has seen its profits tumble in the first half of the year, with profit before tax plummeting by 64%…
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3 October
Morrisons faces £100m hit to borrowing costs amid debt pile up
Morrisons is facing a near-£100m hit to its borrowing costs amid market turmoil adding pressure on the supermarket chain. According…
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Sep- 2022 -29 September
Morrisons profits halve in Q3 as inflation pressures hit
Morrisons has seen its profits halve in its latest quarter, falling from £356m to £177m, with the group warning that…
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26 September
Aldi doubles down on price promise to customers amid rising costs
Budget supermarket retailer, Aldi, has pledged to continue to provide the lowest grocery prices in the UK to help households…
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23 September
Lidl ups pay rise to become highest paying supermarket
Lidl GB has announced plans to increase the hourly pay rate of all store and warehouse colleagues next week, representing…
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22 September
M&S unveils £15m support package for staff
Marks and Spencers has unveiled a new £15m support package to support its front-line employees during the cost-of-living crisis. This…
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21 September
Ocado shares drop amid HSBC downgrade
Ocado Retail Ltd shares dropped on Tuesday (20 September) after analysts at HSBC downgraded the retailer’s rating from ‘hold’ to…
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14 September
Sainsbury’s staff to see pay increase amid £25m support package
Sainsbury’s has unveiled a £25m cost-of-living support package for hourly paid employees to help support them with rising household costs,…
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13 September
John Lewis, Primark, Aldi to shut stores all day for Queen’s funeral
A number of retailers have confirmed they will shut all of their stores on the day of Queen’s funeral on…
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13 September
Aldi becomes Britain’s fourth largest supermarket as inflation hits
For the first time ever, Aldi has become Britain’s fourth largest supermarket, as discount grocers continue to benefit from customers…
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