Lidl GB’s sales soar by over 10%, helped by price cuts and Deluxe range
German-owned supermarket beats Morrisons to become fifth largest grocer in Great Britain Business live – latest updates Lidl’s sales in Great Britain jumped…
The Guardian reports: German-owned supermarket beats Morrisons to become fifth largest grocer in Great Britain Business live – latest updates Lidl’s sales in Great Britain jumped 10% to more than £13bn this year, as shoppers sought out cheaper fresh meat, fruit and vegetables and snapped up its Deluxe range.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Deluxe, Lidl GB and Great Britain.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Deluxe, Lidl GB, Great Britain, Morrisons
- Section
- Business
- Figure cited
- Pre-tax profit at the German-owned supermarket’s arm in Great Britain grew by 30% to £245.5m in the year ended in February, up from £156.8m in the previous year. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
Related Stories
Shadow chancellor to address Tory conference as he claims slashing red tape could cut cost of new houses by £50,000 – UK politics live
Andrew Griffith makes speech today as Reform UK accuses party of copying policies they ‘announced weeks and months ago’ Tories to pledge to scrap…
Georgia officials hunt for suspect in shooting that killed two and injured 35
A homecoming celebration turned into a scene of deadly violence, as dozens of shots were fired into a crowd.
London City gelling, Man City flying - takeaways from WSL start
After five frantic weeks, the Women's Super League takes a two-week break, offering the perfect chance to take stock of a thrilling start to the…
Scott out of England squad and faces injury lay-off
Bournemouth midfielder Alex Scott withdraws from the England squad with a thigh injury that could keep him out for up to eight weeks.
UK reviewing whether to impose tariffs on Chinese car imports to align with EU
Move would strengthen Britain’s case to be included in new legislation to protect European manufacturing Business live – latest updates The UK is…
Euro falls to 17-month low against dollar amid French debt fears
France’s Cac 40 index slides as announcement of snap election in Spain also helps fuel eurozone uncertainty Business live – latest updates The euro…
BT agrees rescue deal to buy broadband operator TalkTalk
The takeover still needs to be approved by the regulator, but would give certainty to TalkTalk's millions of customers.
Why are data centres such a big deal in Scotland?
At least 23 huge data centres are planned in Scotland, causing significant concern for campaigners.