Supermarket chains were spooked by numbers from the British Retail Consortium (BRC) that showed soaring food prices leading shop inflation to new records.
Tesco, the country's biggest single retailer, fell 6p to 210p, the stock's lowest price since early 2019. Sainsbury, one of Tesco's main rivals, lost 7p to 182p, its lowest since 2020. Both companies face strong competition from the German discount chains Aldi and Lidl, who are gaining market share fast as household budgets are squeezed hard.
Diese Geschichte stammt aus der September 28, 2022-Ausgabe von Evening Standard.
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Diese Geschichte stammt aus der September 28, 2022-Ausgabe von Evening Standard.
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