Sainsburys

The Co-Op Joins Rivals In Raising Staff Pay

Britain’s Co-operative is the latest supermarket retailer to raise staff pay ahead of the government’s minimum wage increase in April.

Tesco UK will raise store workers’ hourly pay by 9.1% in a move that reflects the UK’s increasing government-mandated minimum wage.

Asda is to increase the pay of more than 120,000 store employees by 8.4% from 1 July, it was announced on Friday.

British grocery prices rose at their lowest rate since March 2022 this month, data from Kantar has revealed.

Morrisons is following rivals in matching prices from discount retailers Aldi and Lidl as it seeks to reverse a loss in market share.

Barclays will buy most of Tesco’s banking operations for about £600 million, the companies revealed today.

Sainsburys has set a new cost savings target of £1 billion over three years and has promised to boost returns for shareholders.

Marks and Spencer’s food retail business has built on a strong 2023 in the early weeks of the new year, new data from NIQ has shown.

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