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UK supermarket Asda seeing 'green shoots' of recovery

The boss of British supermarket Asda said he was seeing "green shoots" of recovery after the group slowed the rate of its sales decline in its first quarter, helped by lower prices and better product availability.

Business • 30 May

Sainsbury's has reported a 7.2% rise in annual profit

Sainsbury's expects flat profit this year

Sainsbury's, Britain's second largest food retailer after Tesco, has today forecast flat profit this year as it pledged to sustain its competitive edge if a price war emerges.

Business • 17 Apr

Monthly UK industry sales data shows Tesco has performed robustly so far in 2025

Tesco to address rivals' pricing challenges

Tesco reports full-year results on Thursday, giving Britain's biggest supermarket group a platform to respond to rival Asda's move to lower prices that sent shares in the listed grocers tumbling.

Business • 07 Apr

Morrisons is the UK's fifth largest supermarket and employs around 95,000 staff

Morrisons' quarterly sales hit £4 billion mark

UK supermarket group Morrisons said today its sales jumped to £4 billion in its most recent quarter, days after it said hundreds of its staff are facing redundancy.

Business • 26 Mar

Asda is Britain's third largest food retailer after Tesco and Sainsbury's

Asda warns on profit as it invests in turnaround

Struggling British supermarket Asda has warned that required investment in lowering prices and improving product availability and ranges will "materially reduce" profit this year.

Business • 14 Mar

Supermarket loyalty schemes offer genuine savings - CMA

British supermarket prices offered through loyalty schemes provide genuine savings, the competition regulator ruled today, providing a boost to the major players who are increasingly relying on them to attract shoppers.

Business • 27 Nov 24

Sainsbury's reported retail underlying operating profit of £503m for the first half of the year, up from £485m the same time last year

Sainsbury's warns budget tax rises will be inflationary

The boss of British supermarket Sainsbury's said changes to national insurance made by the UK government in last week's budget will add £140m to its tax bill next year and warned the move would be inflationary.

Business • 07 Nov 24

Sainsbury's is the UK's second largest supermarket group

Sainsbury's keeps profit outlook after Q1 sales rise

Sainsbury's, Britain's second largest supermarket group, has today reported a 3% rise in first-quarter underlying sales, though weather-related weakness in non-food areas partially offset robust demand for groceries.

Business • 02 Jul 24

Asda has reported a pretax profit of £180m for 2023, compared with a loss before tax of £432m in 2022

UK supermarket Asda returned to profit in 2023

Asda, the British supermarket group which is 10% owned by US giant Walmart, said today it returned to a pretax profit in its 2023 financial year, even though it lost market share to rivals over the period.

Business • 28 Jun 24

Asda is owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital

UK supermarket Asda refinances over £3 billion of debt

British supermarket Asda has refinanced over £3.2 billion of debt, pushing out the majority of its maturities into the next decade, it said today.

Business • 03 May 24

Sainsbury's has a 15.3% share of Britain's grocery market - trailing only Tesco

Sainsbury's targets 10% profit growth this year

Sainsbury's, Britain's second largest supermarket group, forecast up to 10% growth in retail operating profit in its new financial year, confident it can continue to win more customers from rivals.

Business • 25 Apr 24

Asda said its underlying earnings, before additional costs like tax and interest, rose by 24% to £1.1 billion last year

Asda's profits up 24% as loyalty scheme drives sales

Asda, Britain's third biggest supermarket group, has today reported a 24% jump in annual earnings to over £1 billion, saying it was making strategic progress despite losing market share to rivals.

Business • 22 Apr 24

Co-Op today reported a profit before tax of £28m for 2023, compared with £268m for the previous year

UK's Co-op profit falls sharply amid stiff competition

Co-op, which runs Britain's seventh-biggest supermarket chain, has today posted a steep drop in annual pretax profit following the sale of its petrol forecourt business, and amid growing competition among retailers.

Business • 04 Apr 24

Tesco has lost an appeal in the UK against a ruling that it infringed Lidl's trademark over the use of a yellow circle on a square blue background

Tesco loses appeal in Lidl yellow circle branding case

Retailer Tesco has lost an appeal in the UK against a ruling that it infringed German discount supermarket Lidl's trademark over the use of a yellow circle on a square blue background.

Business • 19 Mar 24

Sainsbury's said its third quarter to January 6 grocery sales rose 9.3%

Sainsbury's keeps profit outlook after Christmas sales

Sainsbury's, Britain's second biggest supermarket group, said strong demand for premium products liked dry cured meats and steamed buns helped it to outperform the market in the key Christmas period and reiterate its annual profit outlook.

Business • 10 Jan 24

Sainsbury's has reported slightly better-than-expected flat profit for the first half due to demand for its food ranges

Sainsbury's sees 2023 profit at upper half of guidance

British supermarket group Sainsbury's forecast full-year profit at the upper half of previous guidance as it reported slightly better-than-expected flat profit for the first half due to demand for its food ranges.

Business • 02 Nov 23

Asda, Britain's third-largest grocer, and EG are both owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital

Asda owners to announce £10 billion merger - report

The owners of supermarket Asda and petrol stations company EG Group will announce a £10 billion merger of their operations in Britain as early today, Sky News has reported.

Business • 26 May 23

Sales in the three weeks before Christmas were up 2.5% year on year, Morrisons said today

Morrisons sees earnings rising as price cuts kick in

British supermarket group Morrisons has forecast a return to earnings growth this year as a push to keep a lid on prices starts to win back cash-strapped shoppers.

Business • 26 Jan 23

Sainsbury's has today reported underlying pre-tax profit of £340m for the 28 weeks to September 17

Sainsbury's sticks with outlook despite H1 profit fall

Sainsbury's, Britain's second-biggest supermarket group, kept its financial guidance for this year despite reporting a 8% fall in first-half profit, saying it was well placed for the key Christmas trading period.

Business • 03 Nov 22

Morrisons bought the 1,100 store McColl's for a reported £190m in May after it collapsed into administration

McColl's store sale paves way for Morrisons' deal

UK supermarket group Morrisons' purchase of convenience retailer McColl's looks set to be cleared after the competition regulator said it was likely to accept an offer to sell 28 stores.

Business • 10 Oct 22

Morrisons, which has a wholesale supply deal with McColl's, will take on all its 1,160 stores

Morrisons clinches deal for convenience chain McColl's

Supermarket group Morrisons has won a battle against the owners of rival Asda to buy collapsed UK convenience store chain McColl's.

Business • 10 May 22

Sainsbury's made an underlying profit before tax of £371m in the 28 weeks to September 18

Sainsbury's weathers supply chain woes with profit rise

British supermarket group Sainsbury's has today reported a 23% rise in first-half profit and maintained its full-year profit outlook despite uncertainty around supply chains.

Business • 04 Nov 21

Millions of people across the UK are planning weekend parties, barbecues and get togethers for the Euro 2020 final

UK supermarkets brace for Euro 2020 final frenzy

Soaring demand for beer, soft drinks, salads and barbecue food as England supporters prepare for Sunday's Euro 2020 final is putting more pressure on UK supermarket supply chains already creaking from a shortage of lorry drivers.

Business • 09 Jul 21

Sainsbury's said like-for-like sales, excluding fuel, rose 1.6% in the 16 weeks to June 26

Sainsbury's sales beat expectations in latest quarter

British supermarket group Sainsbury's has beaten expectations for first-quarter sales though growth did slow sharply reflecting a tough comparison with last year when shoppers stocked-up for a first Covid-19 lockdown.

Business • 06 Jul 21

Morrisons said the potential bidder Clayton, Dubilier & Rice 'significantly undervalued' the grocer with its 230p-per-share enquiry

Who wants to buy Morrisons and why?

Morrisons has snubbed a £5.5 billion takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up.

Business • 21 Jun 21

Uk Supermarkets