Sainsbury’s response has been to focus heavily on its food, which accounts for about three-quarters of its business, and it said it has spent £780m over the past three years on keeping prices low, including promotions such as Nectar prices and price-matching budget chain Aldi.
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Françoise Bettencourt Meyer: L’Oréal heiress first woman to amass $100bn fortune
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She is still a distance away from French counterpart Bernard Arnault, who was second on the list with a...
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Fujitsu sacked boss at height of Horizon scandal
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Fujitsu, the company that built the flawed Horizon IT system, sacked a top boss at the height of the...
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People face biggest drop in living standards since 1956
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But the OBR, which publishes its economic forecasts twice a year, said Russia’s invasion of Ukraine had “major repercussions...
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Warning of wine and spirits shortage at Christmas
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“We reckon the shortage has probably fallen by about 15,000. Much of that is to do with improved test...
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Homebase to put mini-garden centres at Next stores
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So the chain is making space at its stores in Shoreham, Ipswich, Warrington, Camberley, Bristol and Sheffield, for garden...
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Royal Mail wants to cut days for second-class post
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Royal Mail, which was split from the Post Office and privatised a decade ago, is legally obliged to deliver...
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Better rail services promised in huge shake-up
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Labour’s shadow transport secretary, Jim McMahon, said: “With fare hikes, £1bn cuts to Network Rail and broken promises to...
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The Body Shop to shut up to half of its UK stores
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The Body Shop was founded by the pioneering British businesswoman and activist Dame Anita Roddick and her husband in...
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