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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,

City A.M. · 3d

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.

The Mirror · 2d

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

Reuters on MSN · 2d

Sainsbury's and BT warn of price hikes from UK budget

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.

The Financial Times · 3d

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.

Sainsbury's to shut nine more Argos stores as it issues major update

Sainsbury's has confirmed plans to shut more standalone Argos stores in a major blow for shoppers. The supermarket chain, ...

22h

Sainsbury’s axes desert inspired yogurt leaving shoppers devastated

SAINSBURY’S has discontinued a popular snack, leaving shoppers devasted. Eagle-eyed customers have noticed its banoffee ...

Sainsbury's to close nine more Argos stores in major blow to UK high street

The supermarket giant, which owns Argos, plans to shut nine more standalone locations in the upcoming financial year, it said ...

Marketing Week2d

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 ...

22h

Sainsbury’s issues major update on Argos store closure plans as nine more branches to disappear from the high street

SAINSBURY’S has issued a major update regarding the closure of more Argos stores. The supermarket chain, which owns Argos, plans to shut nine more standalone locations in the upcoming ...

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 ...

Marketing Week1d

Sainsbury’s Christmas ad an early favourite among consumers, data suggests

Christmas ads featuring colourful characters, whether its the childhood favourite BFG or brand mascot Kevin the Carrot, ...

UK's Sainsbury's warns budget tax rises will be inflationary

British supermarket group Sainsbury's on Thursday kept its forecast for full-year profit growth of up to 10% as it reported a 3.7% rise for the first half, with robust grocery sales offset by a weaker ...

2don MSN

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 ...

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