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,
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
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.
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.
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.
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 performance in general merchandise.
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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 ...
Sainsbury’s shares down after H1 profit misses estimates
Sainsbury’s grocery segment showed resilience, with a 9% year-on-year increase in profit before central group costs, and a ...
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 ...
UK's Sainsbury's expects full year profit growth of up to 10%
By James Davey LONDON (Reuters) -British supermarket group Sainsbury's stuck to its full-year forecast of up to 10% profit ...