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Sainsbury’s warns of price rises after £140m ‘barrage’ of Budget costs

Sainsbury’s is facing a “barrage of costs” that will force it to raise prices, its chief executive has warned, as the retailer revealed a £140m hit from Rachel Reeves’s National Insurance tax raid. Simon Roberts said “difficult decisions” would have to be made after the Chancellor’s Budget triggered a steep rise in costs.

BBC on MSN · 1h

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,

Reuters · 55m

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 which could affect the Bank of England's longer term interest rate plans.

This Is Money on MSN · 58m

Sainsbury's boss warns barrage of Budget costs will lead to higher prices

Rachel Reeves hiked employers' national insurance by 1.2 percentage points to 15 per cent from April next year.

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: FTSE 100 retailer’s profit hit after group sells banking arm

Sainsbury's profit has halved due to the cost of restructuring its financial services arm, despite strong supermarket sales.

Britain's Sainsbury's keeps profit outlook after first half rise

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 ...

Retail Bulletin12h

Sainsbury’s sales boosted by strong grocery performance

Sainsbury’s has posted an increase in first half sales after a strong performance in its grocery business, particularly in food. In the six months to 14 September, total retail sales increased by ...

Higher employers' national insurance contributions to cost Sainsbury's £140m and cause inflation to rise - CEO Simon Roberts says

It's "too early to be specific" about the impact on Sainsbury's workforce but "difficult decisions" will have to be made in ...

Sainsbury’s profit edges up as it claims ‘biggest market share gains in industry’

Sainsbury's has seen group sales rise 4.4% to £18.8bn in its half-year results, buoyed by robust grocery sales and strong customer engagement through its Nectar loyalty programme.

13h

‘I took 10 packs’, Sainsbury’s fans cheer as pack of biscuits with a twist scans for just 16p at checkouts

HAPPY shoppers raced to fill their baskets with a popular biscuit scanning for just 16p. Sainsbury’s fans were delighted to find the sweet treats on the shelves for an incredible price. The ...

GlobalData on MSN2d

Sainsbury’s to launch Aldi Price Match offer in its Local stores

Supermarket chain Sainsbury's is set to introduce the Aldi Price Match offer in its Local convenience stores - a first in the ...

Britain’s Sainsbury’s extends Aldi price match scheme to convenience stores

Sainsbury’s said it has become the first UK supermarket group to extend a scheme matching the prices of German-owned ...

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