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Shoppers spend more on promotions as Easter lifts sales of chocolate eggs and hot-cross bunsBusiness live – latest updatesGrocery price inflation in Great Britain has slowed to 3.2%, the lowest since November 2021, as the cost of toilet rolls, butter and milk fell and people spent more on store promotions.The decline in the four weeks to 14 April marked the 14th monthly drop in...

Independent shopkeepers say prices they pay at supermarket’s cash-and-carry arm Booker are often higher than in Tesco storesVillage shopkeepers say Tesco is consistently undercutting them by selling products for less in its stores than via its wholesale business Booker, stoking concerns about the power of the UK’s biggest supermarket chain.Tesco, which has 27% of the UK grocery market, bought the cash-and-carry group in 2017...

Waitrose and Ocado win new shoppers while a quarter of households are feeling the squeezeBusiness live – latest updatesGrocery price inflation in Great Britain has slowed to 4.5%, its lowest level since February 2022, but one in four households are still struggling financially, retail researchers have found.The upmarket retailers Waitrose and Ocado were the only grocers to win new shoppers in the past three...

Rise of 3.4% in January is biggest monthly increase since April 2021 as shoppers return to storesBusiness live – latest updatesRetailers in Great Britain enjoyed the strongest rebound in monthly sales in almost three years in January as people returned to the shops after a slump in Christmas shopping.Sales rose by 3.4% last month, the biggest monthly rise since April 2021, as all retail...

About 2,800 of supermarket group’s staff will transfer to bank, which will sell Tesco-branded servicesTesco has struck a deal to sell the bulk of its banking business to Barclays for £700m in a deal that will include the transfer of about 2,800 staff to the bank.Britain’s biggest supermarket group has agreed to sell its credit card, loans and savings operations to Barclays but will...

Online growth and high demand for festive treats fuel lift in Tesco profit forecast and 10% sales rise at M&SBusiness live – latest updatesTesco and Marks & Spencer were both Christmas winners with unexpectedly strong sales helped by growth in online orders and high demand for festive treats.The UK’s biggest supermarket, Tesco, upgraded its profits expectations for the year by £50m to £2.75bn as...