Supermarket chain declares ‘increasing confidence’ in its growth plans after posting record annual revenue of £19 bn Business live – latest updates Aldi says it is stepping up investment in the UK with plans to spend £900 m and open more than 40 stores. The company, which operates 1, 092 budget supermarkets in the UK and Ireland, revealed sales rose 5% to a record £19 bn last year.
It opened 40 stores but profits slipped by £2. 6 m to £433 m as it cut prices despite cost inflation. Continue reading...