Costco UK profit soars as Brits buy in bulk amid cost of living pressures May 20, 2026 Profit at Costco’s UK subsidiary has soared as Brits flocked to the wholesaler to buy in bulk in a bid to swerve cost of living pressures. The grocery chain, which has 29 stores across the UK, including six in London, generated pre-tax profit of £218.6m in the year to the end of August 2025, a [...]
M&S profit slumps in fallout from cyber attack May 20, 2026 Marks & Spencer saw its profit slump by a quarter as the retailer took more than a £100m hit from its “traumatic” cyber attack last year. The FTSE 100 supermarket and clothing business saw pre-tax profit fall by 29 per cent to £365m in the year to March, despite sales growing by 25 per cent [...]
‘Lost for words’ – Treasury sparks uproar with push to cap supermarket food prices May 19, 2026 The Treasury is putting pressure on supermarkets to cap prices on staple groceries as a quid pro quo for axing taxes and red tape amid fears the Iran war is set to unleash a painful bout of food inflation. According to leaked negotiations between major retailers and the government, the Chancellor’s officials have been pushing [...]
Tesco boss Ken Murphy took £1m pay rise in grocer’s bumper year May 15, 2026 Ken Murphy, the boss of Tesco, took a more-than £1m pay rise this year, bringing his total pay packet to £10.8m in the year the grocer solidified its dominant position in the market. The chief executive of the supermarket giant’s total pay packet for the 2025/26 year included £1.5m in basic pay, a £3.4m bonus [...]
M&S eyes up Brits’ weekly shops as food arm set to expand May 15, 2026 Marks & Spencer has not been shy over its ambition to conquer the British weekly shop, and the retail giant is nearing a crucial update on its foray into the UK’s fiercely competitive grocery market. M&S Food accounts for more than half (54 per cent) of the retailer’s revenues, and its recent warehouse expansions suggest [...]
Deliveroo takes on the high street in grocery push May 14, 2026 Deliveroo customers will soon be able to shop from multiple shops in a single order and add restaurant items after checkout, City AM can reveal, as the Doordash-owned giant attempts to elbow in on the high street. The takeaway giant’s first new feature, called Bundles, allows users to order from up to three supermarket or [...]
Food manufacturers mutinous over ‘unworkable’ healthy food red tape May 11, 2026 The government is facing growing pressure to ditch new healthy food red tape which manufacturers and retailers warn is “unworkable” and could see fruit yoghurts and breakfast cereals classed as unhealthy. Labour plans to impose new standards on which foods count as healthy but City AM understands that several food manufacturers with billion-pound revenues fear [...]
Sainsbury’s warns of Iran war hit to customers, share price dips April 23, 2026 Sainsbury’s has warned that the Iran war “will impact both our customers and our business,” as the supermarket giant saw its share price fall. The FTSE 100 grocer’s underlying retail profit fell by more than one per cent to £1bn, which Sainsbury’s said was due to “significant operating cost inflation,” as total sales grew by [...]
Sainsbury’s to deliver food inflation update as Argos future could be settled April 21, 2026 After Tesco hit back against fears of double-digit food inflation last week, supermarket rival Sainsbury’s is set to update the market this week. From the Iran war to the future of Argos, Felix Armstrong looks ahead to a landmark set of results due on Thursday. Sainsbury’s spooked shoppers last week when it threatened people caught swapping [...]
A price cap on bread and milk? SNP plan is unnecessary and unworkable April 17, 2026 The SNP has pledged to cap the price of bread but why? Poor people can afford the essentials and supermarket margins are tiny.