Sainsbury’s warns of Iran war hit to customers, share price dips Retail 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 Retail 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 [...]
Tesco shares jump as profit surges despite Iran ‘uncertainty’ Retail Tesco shares jumped in early deals this morning after the retailer reported a better-than-expected profit for the year to the end of February. The supermarket giant made an operating profit of over £3.1bn in the year to February 2026 compared to its own forecasts of between £2.9 and £3.1bn. The supermarket expects to make an [...]
Tesco nears crucial update as Iran war threatens food inflation April 15, 2026 As the bosses of the country’s biggest supermarkets crowded into the chancellor’s office earlier this month, no voice will have been as loud as that of Ken Murphy, chief executive of Tesco. Rachel Reeves summoned grocery executives to discuss how the Iran war will impact Brits’ weekly shops, and Tesco’s results tomorrow will pull back [...]
Aldi snaps up abandoned London psychiatric hospital to turn it into supermarket April 15, 2026 Aldi has snapped up an abandoned London psychiatric hospital, City AM can reveal, in the latest sign discount supermarkets are getting increasingly creative in their search to acquire land to expand their UK footprint. The German grocer, which has over 1,000 stores in the UK but hopes to increase this by as many as 500, [...]
Supermarket bosses meet Rachel Reeves amid dire food inflation warning April 1, 2026 The bosses of some of the UK’s biggest supermarkets met Chancellor Rachel Reeves in emergency cost of living talks on Wednesday, amid warnings that food inflation could rise to double digits this year. Leading supermarkets including Tesco, Sainsbury’s and Morrisons attended Downing Street after efforts to gather industry bosses last week were abandoned amid concerns [...]
Reeves summons supermarket bosses again after snub March 31, 2026 Rachel Reeves has summoned supermarket bosses for a Downing Street meeting on Wednesday after being snubbed last week. The new meeting will be attended by executives at Sainsbury’s and Tesco but bosses at Asda, Aldi and John Lewis will miss out, supposedly due to diary clashes. The Chancellor hastily invited grocery executives to a meeting [...]
‘Bumper’ Boxing Day provides boost to struggling high streets December 27, 2025 Boxing Day was a “bumper day” for all UK retail destinations as data shows shopper footfall was up 4.4 per cent on last year, making it the strongest increase in more than a decade, industry analysts said. The retail sector may end the year on a “positive note” as December 26 saw shoppers flock to [...]
Asda: Will 2026 be the year supermarket giant bounces back? December 26, 2025 This time last year, analysts warned that Asda needed to “dig down into its soul” if it was to turn around its fortunes. After a rollercoaster 2024 in which it struggled with debt, strikes and falling sales, the Leeds-headquartered supermarket giant was hoping the new year would begin to reveal green shoots of recovery. Under [...]
Who made the naughty list in the wine world in 2025? December 23, 2025 This was another fascinating year in the world of wine, with some great initiatives and events celebrating the people who make this vital and brilliant industry tick. But there were also some things on my naughty list… read on to find out who made the cut. Nice List – Aldi Aldi’s wine department is fantastic, [...]