Lidl’s £13bn Bonanza: City’s Fresh‑Meat Rush Leaves Morrisons Miffed
Lidl’s UK sales have surged by more than 10% to exceed £13bn this year, thanks to aggressive price cuts and the launch of a new "Deluxe" range. The growth has lifted the German‑owned discount chain into the fifth‑largest grocer slot in Great Britain, nudging Morrisons down the rankings.
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Shoppers are swapping designer treats for cheaper fresh meat, fruit and veg, and the City’s usual suspects – traders, brokers and the occasional tax lawyer – are swapping spreadsheets for shopping carts as they watch the fresh‑meat rush unfold.
Analysts note that the combination of lower prices and a premium‑feeling range is resonating with price‑sensitive consumers, suggesting the discount model may continue to eat into the market share of traditional grocers.
As the shelves refill, the financial press will be watching to see whether grocery‑driven growth becomes the next headline in the UK economy – perhaps even earning a place in the GDP tables alongside the usual suspects.
BT swoops in to rescue TalkTalk, sparing 900 jobs from the broadband void
BT has agreed to buy TalkTalk’s wholesale and consumer arms for £400 m on a debt‑free basis, a deal that promises to save 900 jobs an…