What Justin King told me will serve as a sobering financial warning in the week we were told that the economy is on the mend.
After dire warnings of a 'sea of red' on the high street, we're starting to get a flavour of how we all really spent before Christmas.
Twelve of Britain's largest food manufacturers have agreed to reduce the amount of saturated fat in some products.
A City recruitment consultant stole up £450 of produce from a London branch of Sainsbury's by entering all his items as 'loose onions' at a self-scanning machine, the Daily Telegraph reports.
Nicholas Long used the same ruse 20 times in the space of just three months in a desperate bid to reduce his shopping bill.
The 25-year-old was caught when a security guard noticed him scanning every item as loose onions - despite them not being available to buy at the store.
Long came up with the scam because he feared losing his job, had mounting debts and his girlfriend was pregnant, the Old Bailey heard.
He was sentenced to 180 hours community service and order to pay £250 costs.
Sainsbury's has stressed that no traces of E.coli have been found in watercress and that ongoing tests are taking place on a precautionary basis.
The supermarket chain earlier announced that it was recalling all of its bagged watercress and salads containing watercress due to a potential association with an outbreak of E.coli 0157 which has made 15 people ill.
A Sainsbury's spokesperson said:
The Food Standards Agency has made us aware that a small number of people have fallen ill with a bacterial infection, and that one of their lines of investigation is watercress bought at Sainsbury's since 1st August.
Customer safety and the quality of our food are our overriding concern, and so although no traces of contamination has been found in our products we have as a precautionary measure withdrawn six lines of pre-packed salad containing watercress from the supplier concerned.
We are urgently testing all similar products and have to date found no indication of contamination. We will of course keep customers fully updated.
Customers who have bought any of these products from Sainsbury's since 1st August should not consume them. They can be returned to store for a full refund. We apologise for the inconvenience this may cause.”
Sainsbury's has recalled all of its baggedwatercress and salads containing watercress due to a possible association withan outbreak of E.coli 0157.
The products affected are:
- by Sainsbury’s Watercress Leaves, 75g
- by Sainsbury’s Watercress, Spinach and Rocket salad, 100g
- by Sainsbury’s Watercress, Spinach and Rocket, 170g
- by Sainsbury’s Watercress twin pack, 2 x 35g
- So Organic Watercress, 75g
- So Organic Watercress, Spinach and Rocket, 100g
Sainsbury's is recalling all of its bagged watercress and salads containing watercress as a precautionary measure due to a potential association with an outbreak of E.coli 0157 which has made 15 people ill, according to the Food Standards Authority.
Sainsbury's has informed the FSA that it is carrying out testing on all of its affected lines, but no trace of E.coli O157 has yet been found.
Asda, Sainsbury's and Morrisons will cut their petrol and diesel prices by 2p a litre from tomorrow in an attempt to encourage motorists to visit their stores. Prices have risen on average 1p a litre over the past month.
The AA President Edmund King welcomed the news: "Our June fuel price report revealed that retailers had on average this year been charging at least a 1p per litre extra on diesel. Hence we believe that all retailers should look to cut fuel prices to reflect the market price at the pumps".
Sainsbury's kept up the pressure on faltering rival Tesco today by extending its run of sales growth to a 34th quarter in a row.
The supermarket chain said its market share is continuing to grow after like-for-like sales rose 0.8 percent, a week after Tesco reported a sales fall of 1 percent.
Sainsbury's has prospered with its "Live Well for Less" offer to hard-pressed households squeezed by falling real wages.
Chief executive of Sainsbury's and lifelong Manchester United fan Justin King said he believes Sir Alex Ferguson has given the club "27 good years" and stated his belief that staff would continue his success in the future.
Supermarket chain Sainsbury's has revealed its full year pre-tax profits are down 1.4% to £788m.
Total sales (including VAT) are up 4.6% to £25.6 million.
Plans have also been announced to take full ownership of Sainsbury’s Bank.
Justin King, chief executive said: We continue to invest in offering customers choices of how they shop with us, bringing our food, clothing and general merchandise to more customers.
"Our decision to take full ownership of Sainsbury?s Bank will add further momentum to our strategy of developing complementary channels for the benefit of both customers and shareholders".
Sainsbury's has reported that like-for-like sales for the year are up by 1.8 per cent (2.1 per cent including fuel).
Sainsbury's, whose products were not affected by the horsemeat scandal, also announced that like-for-like sales for the fourth quarter was up by 3.6 per cent (4.2 including fuel).