Musgrave Group has reported a 14.2% increase in pre-tax profit to €81m (£55.2m) on sales up 4.5% to €4.6bn (£3.1bn), with like-for-like sales growth of 5% in independently run Budgens stores and 4% in Londis stores. In debt?
Supermarket workers top the UK debtors league with 10% of them owing more than 100% of their income in personal debt, according to a Retail Trust survey. Nearly a quarter of the country goes on buying sprees to ease the stress of debt.
Balls addresses BRC
Treasury economic secretary Ed Balls will be the keynote speaker at the BRC's annual retail industry dinner at London's Grosvenor House Hotel on September 19.