Sainsburys

Premier Foods Boosts Profit Outlook On Strong Christmas Sales

Premier Foods forecast annual profit at the upper end of expectations, following robust sales of its branded products over Christmas.

Two-thirds of British retailers will raise prices this year in response to higher costs, a survey by the BRC showed on Wednesday.

Online supermarket Ocado Retail reported faster sales growth in its fourth quarter as more competitive pricing helped it win customers.

Britain’s big retailers say they are improving efficiency through automation and to limit the impact of rising costs on shop prices.

Britain's Sainsbury’s is on track to deliver full-year profit growth of around 7%, the retailer said on Friday.

UK grocery sales hit a record £14.6 billion in the final three weeks to Christmas on festive promotions and deals, NIQ reported on Wednesday.

Britain’s biggest supermarkets were the big winners at Christmas, according to industry data published by Kantar on Tuesday.

Aldi UK said on Monday that its sales increased by 3.4% in the four weeks to 24 December year-on-year to top £1.6 billion.

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