The bank reported a group pre-tax profit of £2.3 billion for the first three months of the year, down 12% from last year.
Sainsbury today hailed its focus on food under CEO Simon Roberts and said it is taking market share from rivals including Aldi and Lidl at the cheaper end of the market and Waitrose at the top. In a swipe at the German discount giants, it dubbed them “limited choice grocers” and said it was winning back customers from both Aldi and Lidl thanks to price matching promises.
The principles are part of a raft of actions to tackle the cost of motor insurance, the Association of British Insurers said.
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