James Davey

Facing the toughest economic conditions in decades, Britain's supermarkets are cutting product ranges, searching for cost savings and patrolling each other's stores to check prices and products as they try to stay one step ahead.

Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a worsening cost of living crisis, industry data showed on Tuesday.

British shoppers swapped branded items for cheaper own-label products and turned to value ranges to help manage grocery inflation which soared to 8.3% in the four weeks to June 12, its highest level since April 2009, industry data showed on Tuesday.

Britons are buying less, switching to cheaper products and shopping more often as they try to cope with soaring inflation, supermarket giant Tesco said on Friday, describing the market environment as "incredibly challenging".

Britons cancelled over 1 million music subscriptions in the first quarter as a worsening cost of living crisis forced them to make savings, industry data showed on Thursday.

British supermarket group Sainsbury's, seeking an edge amid a worsening cost of living crisis, will for the first time include its biggest selling lines in a scheme that matches the prices of German-owned discounter Aldi.

Shareholders in Sainsbury's will get to vote on a resolution at next month's annual meeting calling for Britain's second biggest supermarket group to commit to paying the so-called real living wage to all its workers by July 2023.

British retailer Marks & Spencer will end its franchise agreement in Russia in the coming months and joined rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch.

Steve Rowe will next week step down as chief executive of British retailer Marks & Spencer after a turbulent six years in the top job, with his internal successor set for a baptism of fire amid a worsening cost-of-living crisis.

Tesco, Britain's biggest retailer, has tied-up with office rental firm IWG so that people can use their local supermarket as an office.

British online fashion retailer Boohoo warned sales growth would slow this year, hit by a squeeze on consumer spending, higher product return rates and continuing supply chain and delivery problems, sending its battered shares even lower on Wednesday.

Asda and Morrisons said on Monday that they would cut the prices of essential items, ratcheting-up competition in Britain's food retail sector against a backdrop of soaring inflation and slumping consumer confidence.

Tesco, Britain's biggest retailer, warned of a drop in profits this financial year as surging inflation piles pressure on the supermarket group and its customers alike.

In a small corner of south-east England, vast glasshouses stand empty, the soaring cost of energy preventing their owner from using heat to grow cucumbers for the British market.

Sainsbury's shareholders are set to vote on a resolution at this year's annual meeting calling for Britain's second biggest supermarket group to commit to paying the so called real Living Wage to all its workers by July 2023.

Steve Rowe will step down as chief executive of Marks & Spencer in May after six years in the job, with the British retailer opting for continuity by choosing two of his senior lieutenants as his successor.

Steve Rowe will step down as chief executive of Marks & Spencer in May after six years in the job, with the British retailer opting for continuity by choosing two of his senior lieutenants as his successor.

Prime Minister Theresa May has warned there may be “no Brexit at all” because of lawmakers’ attempts to undermine her plan to leave the European Union.