Sainsbury's and M&S warn Budget may push up prices
Shoppers could face higher prices as a growing number of big British firms warn about the cost of the National Insurance (NI) tax rises on employers announced in last week's Budget. Sainsbury's and Marks & Spencer have hinted at price rises,
Sainsbury’s: FTSE 100 retailer warns Reeves’ budget may push up food prices
Sainsbury's profit has halved due to the cost of restructuring its financial services arm, despite strong supermarket sales.
Sainsbury's boss warns 'barrage of costs' in Budget means it will be raising food prices
Sainsbury's boss Simon Roberts has ramped up pressure on Chancellor Rachel Reeves by warned customers will be hit by higher inflation because of extra costs, including the national insurance hike in t
Sainsbury's and BT warn of price hikes from UK budget
By Paul Sandle and James Davey LONDON (Reuters) -Two of Britain's biggest businesses, BT and Sainsbury's, said tax changes in last week's budget would fuel inflation, a view already playing into the Bank of England's longer term interest rate plans.
Shoppers to face food price hike after Budget’s tax raid on employers, warns Sainsbury’s boss
SHOPPERS will face higher food prices after the Budget’s tax raid on employers, the boss of Sainsbury’s has said. Simon Roberts, chief executive of the UK’s second biggest supermarket, said the
Sainsbury’s boss warns of higher prices after Budget
He said Sainsbury’s “will be looking to do everything we can to mitigate the impact” of UK chancellor Rachel Reeves’ changes but they will be “inflationary” given supermarkets’ razor-thin profit margins of about 3 per cent and Sainsbury’s annual tax bill of almost £1bn before the Budget changes.
Marketing Week12h
Sainsbury’s shows strong growth as it doubles down on value and loyalty
Despite financial struggles at Argos, Sainsbury’s has seen growth in its sales and attributed success to its Nectar Price ...
Sainsbury’s Backs Guidance on Grocery Boost, Improving Argos Sales
J Sainsbury reiterated its full-year outlook after grocery sales rose, saying weaker sales at its Argos retail business ...
Sainsbury’s discontinues breakfast must-have leaving shoppers paying MORE and threatening to go to Aldi
SAINSBURY’S has discontinued a popular breakfast item, leaving shoppers devastated and paying more at the till. Eagle-eyed customers have noticed the supermarket has axed its two-litre ...
Sainsbury’s CEO warns prices will rise following National Insurance spike
Sainsbury's CEO Simon Roberts has warned prices are set to rise after the government's decision to raise National Insurance Contributions.
UK's Sainsbury's Warns Budget Tax Rises Will Be Inflationary
LONDON (Reuters) - British supermarket group Sainsbury's on Thursday kept its forecast for full-year profit as it reported a 3.7% rise for the first half, with robust grocery sales offset by a weaker ...
The Grocer10h
Media Bites 8 November: Sainsbury’s, Quality Street, baby formula
The nationals went big on Sainsbury’s 5% food sales rise, as consumers opt for cheaper dining alternatives to going out ...
Wales Online on MSN1d
Sainsbury's shoppers 'can't wait' to wear 'vintage' Christmas jumper - you can get it for £7
One retailer that consistently delivers on its seasonal jumper range is supermarket giant Sainsbury's. And despite having launched only recently, its Christmas-themed knitwear is already receiving a ...
Sainsbury’s boss: Budget hit business will mean higher inflation for shoppers
Mr Roberts said Sainsbury’s will see costs rise by £140 million due to the changes, while costs will also be pushed higher ...