what did you make of sainsbury closing down over 2%?these numbers really worth 2% of the stock today? >> sainsbury's performed pretty well today. they posted a good 5'9" percent like for like. they had good free cash flow. the problem is it was up 38% over the last three months. consensus was not far off from the upgraded numbers. obviously, you could deliver a little bit more of that. guy: in terms of what they were telling us today about the consumer, what was the message? >> i think it was still relatively strong. we have seen upgrades from other retailers and from sainsbury's, saying that christmas trade was relatively strong. we saw an acceleration of performance into christmas. people are willing to spend more on the premium, private-label range. it shows despite the negative macro news that consumers are willing to spend. alix: what does this mean for tesco tomorrow? what is the reaction? >> i think tesco has not performed as well over the last few months. there has not been that strong run-up. we would expect not dissimilar numb

best way has bought a 3.5% stake in sainsb rury's sainsbury's. it intends to hold it for investment purposes. it is not considering a takeover offer. sainsbury gaining on the back of that news. >>> now bank sabadell announced a net profit of 149 million for the fourth quarter it sees interest growing at a double digit percentage. that is the rate expected for this year. let's take about these earnings news with leo the cfo from morgan how are you about the looming recession? spain, itself, is said to feel that a little bit across europe as well in the market. your impairment is substantially up >> the outlook we see for spain is more optimistic than others in europe. what the consensus is saying is it will grow in 2023 after growing 4.5% last year i think there will be a different situations across different situations in spain. for the time being, the macro is strong, even in january. we have seen demand in december and a number of transactions for me which is interesting to look at for me. it could be an early indicator of something going wrong

so what exactly is happening particularly for sainsbury which has now gone down 1.6% despite the sales going up, what is it, 5.9% on the year so that has been fairly interesting for them it does look like a positive q3 trading update, but it still hasn't translated to a positive picture. let's take a look at all the other shares of the retailers over the last year or so as well, what the picture has been like there it's been negative, but today this is what they actually look like as we say, sainsbury is down 1.5% also, all of this on the back, of course, of that trading update we are expecting to get tesco's numbers later as well this week, so that will give us some sense as well as how things are looking. the biggest impact, of course, to all of that has been inflation, and that is what we're going to take a look at. 10.7% for that cpi figure for the month of november, but, of course, key to it has been food inflation. 16.5%. that clearly gives that upward pressure, rather that pressure on spending, particularly for food, particularly for consumers as they try to get through this dif

sainsbury's make clothes., for walks in the park or strolls after dark, which i read is something sort of romantic . my husband and i, of romantic. my husband and i, we go for a little strolls at night—time. we like to run with up night—time. we like to run with up in love foxes. night—time. we like to run with up in love foxes . we run up and up in love foxes. we run up and down cars . well, no, it's just down cars. well, no, it's just a woman made a joke. she made a joke. the joke said, oh, they think we stroll in the dark , think we stroll in the dark, which is obviously a reference to the fact that women have been murdered for walking home alone at night . but sainsbury's aren't at night. but sainsbury's aren't alluding anything like, well, alluding to anything like, well, this literally made a joke this woman literally made a joke about it because saw that she made the connection and tweeted a joke . and as you were saying a joke. and as you were saying about when do something which could go viral online

sainsbury's is not far behind . sainsbury's is not far behind.rounce tesco sainsbury's. i doubt they ever will. yeah are they're going to be worry they, they'll be worried because they're competitive. this is one area right where there is in this country, there's not much competition in many other parts of the economy but in food retailing they do compete. they don't always give farmers the best deal, but compete between themselves . the big food themselves. the big food retailers and tesco and sainsbury's will certainly looking to stop the advance of aldi and lidl even though tesco's and sainsbury's for remain very very dominant in this sector. yeah and just very quickly before we let you go fuel at the name it's 154 fuel at the name it's154 unleaded a litre is that going to stay that way or is it going to stay that way or is it going to go back up? well, it depends where the wholesale price of oil goes.i where the wholesale price of oil goes. i was tweeting a lot over holidays that the wholesale price of all indeed the wholesale price of gas on

our business correspondent emma simpson has been talking to sainsburys ceo simon roberts. go as far as possible for obvious reasons. customers also wanted to enjoy this christmas as much as possible. it was the first time in three years we could get back together with family gatherings, celebrating christmas this time. customers went all out for the big christmas dinner trading up for the big christmas dinner trading up and treating themselves but also they were careful where they did spend. and they shopped in store? absolutely, we had the biggest ever weeks before christmas, a record weeks before christmas, a record week and that period just before christmas when postal disruption was a concern for all of us, customers came in and in fact we had 50% more customers using stores to get their gifts for christmas and make sure they could get them for friends and families. �* , , ., . ., families. and this is a reflection also of prices — families. and this is a reflection also of prices being _ families. and this is a reflection also of prices being more - families. and this

shares rally on the back of that new speculation about the future of sainsbury.a different story with earnings pointing to a contraction around margins and concerns about high inventory. talk arete -- stocks down around 6%. lvmh up five -- 5/10 of 1%. sales rising 10% in the last quarter and they are optimistic about the future as chinese consumers come back out and starting to spend. we will be getting the latest from an lvmh executive. reporting on the slump in chinese demand. at the luxury giant says the year started well as the restrictions of ease. we will hear from an lvmh executive, the cfo. it is next. this is bloomberg. ♪ >> from this low amount of business we have recovered significantly in january. it is only three weeks and it is hard to make a trend of three weeks but we can be really optimistic that china has turned a page of the disruption of the pandemic and we can look forward to the business with more optimism. tom: the lvmh cfo speaking exclusively to anna edwards. for more on europe's most valuable company, joining me now is bloomberg's europe

sainsbury's make clothes., for walks in the park or strolls after dark, which i read is something sort of romantic . my husband and i, of romantic. my husband and i, we go for a little strolls at night—time. we like to run with up night—time. we like to run with up in love foxes. night—time. we like to run with up in love foxes . we run up and up in love foxes. we run up and down cars . well, no, it's just down cars. well, no, it's just a woman made a joke. she made a joke. the joke said, oh, they think we stroll in the dark , think we stroll in the dark, which is obviously a reference to the fact that women have been murdered for walking home alone at night . but sainsbury's aren't at night. but sainsbury's aren't alluding anything like, well, alluding to anything like, well, this literally made a joke this woman literally made a joke about it because saw that she made the connection and tweeted a joke . and as you were saying a joke. and as you were saying about when do something which could go viral online

our business correspondent emma simpson has been talking to sainsbury�*s chief executive simon robertss far as possible for obvious reasons. customers also wanted to enjoy this christmas as much as possible. it was the first time in three years we could get back together with family gatherings, celebrating christmas this time. customers went all out for the big christmas dinner trading up and treating themselves but also they were careful where they did spend. and they shopped in store? absolutely, we had the biggest ever weeks before christmas, a record week and that period just before christmas when postal disruption was a concern for all of us, customers came in and in fact we had 50% more customers using stores to get their gifts for christmas and make sure they could get them for friends and families. and this is a reflection also of prices being more expensive? well what households and businesses want to see is inflation coming down. it will be the middle of the year before i think we see inflation start to level off and of course everyone is working hard to make that happen. but

sainsbury“s chief executive talking to emma simpson.is huge sinkhole that opened in the road. two people were taken to hospital with minor injuries. at least 17 people have died since the storms began, with officials warning the conditions could bring more landslides. 0ur north america correspondent james clayton reports. this is supposed to be a picturesque beach but it is absolutely covered then detritus, wood, even entire trees that have been swept into the sea by swollen rivers. a state of emergency has been declared he and it is notjust the coast that has been hit. in the mountains the small town of felton has been under water as the local river burst its banks. karen hendrik realised the water was coming up through her house too late, she couldn't get out, stuck as the water rose around her home. is it scary being surrounded by flood water like that? this it scary being surrounded by flood water like that?— water like that? this was the first time i water like that? this was the first time i was _ water like that? this was the fir

workers as both sainsbury's and argos will see increases from £10.25 t 0 £11. increases from £10.25 to. outside of london, staff wages inside the capital will increase to nearly inside the capital will increase to nearly £12. the group said the measures were to help retain existing and attract new employees in a tight labour. market. food inflation hit a record 13.3% last month, due to soaring prices. that's up from 12.4% in the previous month. it comes as the latest price index showed the overall shop price inflation eased slightly to 7.3% inflation eased slightly to 7.3% in december. the british retail consortium says it was a challenge in christmas for many households across the uk . author households across the uk. author faye weldon , best known for her faye weldon, best known for her novel the life and love of the devil, has died at the age of 91. she published more than 30 novels during her career , as novels during her career, as well as short stories and plays written for tv, radio and the stage. she was also one of the writers on the popular 1970s drama series upstairs downst

so you've got sainsbury sainsbury's boast that they've created wellbeing champions and you think , yeahthat's, that's all sounds, sounds . then that's, that's all sounds, sounds. then you look at that's, that's all sounds, sounds . then you look at the sounds. then you look at the remit , these people and their remit, these people and their remit, these people and their remit nutrition, sleep and exercise of their colleagues. so effectively they're going to be the biscuit police. know we had that woman involved banning cake last week . these people are last week. these people are going to be going around saying oh, you're looking a bit pokey today. should you really be having those biscuits? met. having those biscuits? you met. you mentioned that the food standards they've standards agency, they've represented that represented there said that employers should ban cake in the office . that cake is equivalent office. that cake is equivalent to passive smoking . yeah, i mean to passive smoking. yeah, i mean , but i suppose they're just looking out for people's, aren't they. well well that'

supermarket sainsbury's levels.supermarket sainsbury's announced it's to increase wages for nearly 127,000 workers from february . workers of both february. workers of both sainsbury's and argos will see increases from sainsbury's and argos will see increases fro m £10, 25 t 0 £11. increases from £10, 25 to £11. outside staff wages inside . the outside staff wages inside. the capital will increase to nearly £12. the group said the measures were to help retain and attract new employees in a tight labour. mar record point 3% last month, due to soaring prices. that's up from 12.4% in the previous month. it comes as the latest price index showed the overall shop price eased slightly . to shop price eased slightly. to 7.3% in december. the british retail consortium says it was a challenging christmas for many households across the uk . the households across the uk. the british museum says it's having constructive discussions over the possible return of the elgin marbles to greece , the 17 pieces marbles to greece, the 17

so you've got sainsbury sainsbury's boast that they've created wellbeing champions and you think , yeahthat's, that's all sounds, sounds . then that's, that's all sounds, sounds. then you look at that's, that's all sounds, sounds . then you look at the sounds. then you look at the remit , these people and their remit, these people and their remit, these people and their remit nutrition, sleep and exercise of their colleagues. so effectively they're going to be the biscuit police. know we had that woman involved banning cake last week . these people are last week. these people are going to be going around saying oh, you're looking a bit pokey today. should you really be having those biscuits? met. having those biscuits? you met. you mentioned that the food standards they've standards agency, they've represented that represented there said that employers should ban cake in the office . that cake is equivalent office. that cake is equivalent to passive smoking . yeah, i mean to passive smoking. yeah, i mean , but i suppose they're just looking out for people's, aren't they. well well that'

sainsbury's something . not doubt sainsbury's something. not doubt it.ake slice. actually own a cake slice. actually own a cake slice. now that is fancy. i need to get well everyone always had a cake slice back in the day . a cake slice back in the day. vaiews@gbnews.uk now today is the first day of the chinese new year as celebrations take place around the world. yes, 2023 is the year of the rabbit , the year of the rabbit, apparently, and it's predicted to be a year of hope because the rabbit symbol is this longevity, peace and prosperity. well, our national theo chikomba has been getting a glimpse of how people are celebrating this year. celebrating the year of the rabbit, a fortnight of festivities kicks off today to mark the lunar new year , a two mark the lunar new year, a two week holiday marking the end of the zodiac year of the tiger parties celebrating the occasion have already begun, like this one, where food enthusiasts have come to make a traditional chinese dish. i don't have a chance to go back home for chinese new year this year , so chin

sainsbury's shopper the number shopper is crowned the number one buyer of paprika in the north—east,age fours. now this one, i read it. i was like, oh, this is what is going on here and now i just realise what brilliant marketing tool they've essentially got this, you know, people have their little card that they put in their nectar card. now they've sent card. yeah. so now they've sent all these emails to people you've bought most of this. you've bought the most of this. congratulations and someone's post loads of post online, it's got loads of retweets stuff we're retweets and stuff you we're talking now and we all talking about it now and we all know the number one buyer but how many jars? five and 39 to 5 page. so i want to go and get six for next year so this is why it's genius. it's genius number one because here we are talking about it. yeah people it's become bit of a social thing. become a bit of a social thing. but the reason is it but the other reason is it bnngs but the other reason is it brings a certain competitive brings out a certain competitive element us who want el

sainsbury's shopper the number shopper is crowned the number one buyer of paprika in the north—east, page fours. now this one, i read it. i was like, oh, this is what is going on here and now i just realise what brilliant marketing tool they've essentially got this, you know, people have their little card that they put in their nectar card. now they've sent card. yeah. so now they've sent all these emails to people you've bought most of this. you've bought the most of this. congratulations and someone's post loads of post online, it's got loads of retweets stuff we're retweets and stuff you we're talking now and we all talking about it now and we all know the number one buyer but how many jars? five and 39 to 5 page. so i want to go and get six for next year so this is why it's genius. it's genius number one because here we are talking about it. yeah people it's become bit of a social thing. become a bit of a social thing. but the reason is it but the other reason is it bnngs but the other reason is it brings a certain competitive brings out a certain competitive element us who want

sainsbury�*s and jd sports reporting similarly strong figures.king part in the christmas bonanza. i think part of the reason of the particularly strong december could well be that consumers had decided to splash out on the christmas period, ahead of what could well be an extremely challenging 2023. but certainly in terms of where we are seeing at the moment, the supermarkets on the whole enjoyed strong growth in sales, ranging from the very top of the tree, namely tesco, through to the discounters which were also growing their own market share. 50 which were also growing their own market share.— which were also growing their own market share. so you would expect erha -s to market share. so you would expect perhaps to see _ market share. so you would expect perhaps to see a — market share. so you would expect perhaps to see a significant - market share. so you would expect| perhaps to see a significant amount of belt tightening even though consumers may have decided to splash out a bit around the festive season? yes, that is very possible. one thi

sainsbury giving an update, a beat for the third quarter and a record holiday season largely priced inording to analysts, that is why you are seeing pressure on that stock despite guidance at the top end. direct line taking one of the biggest drops on record, down almost 30% after they scrapped their dividends. a major shock according to jeffries. plenty more coming up. stay with us. this is bloomberg. ♪ francine: welcome back to the open. 30 minutes is the european trading day. here are your top stories. bulls on the front foot, european stocks and higher as markets look for inflation moderation. jeffrey gundlach says look to bonds rather than the fed for clues on interest rates. apple will start using its own custom displays in mobile devices next year. plus, french labor unions respond to president macron's plan to raise the retirement age by calling strikes starting next week. we wait for the strikes, and we also have ambulance workers on strike today in the u.k. in the markets are pretty much flat. tom: as we look ahead to that cpi print out of the u.s., and what it tells us about

coming up, do you prefer a stroll in sainsbury's , an amble around sainsbury's, an amble around asda?ors . how has it changed its doors. how has it changed since ? what is the impact of the since? what is the impact of the supermarket on life? that's after the break . break welcome back. 75 years ago in the park suburb of london , the the park suburb of london, the uk's first supermarket opened its doors . the london its doors. the london co—operative societies self—service store amazed who were used to buying across . were used to buying across. we've seen the supermarket move from the town centre to the giant retail park and back to the town centre with smaller versions of themselves . the versions of themselves. the sector had been by fierce competition and extraordinary logistics that keep the shelves stocked and kept us fed during the. now we can also get our food from online outlets or from stores that have done away with checkouts and recess . is the checkouts and recess. is the author of the grocer , which is author of the grocer, which is about the rise of the supermarket . a

tesco and sainsbury's will be watching this very, very closely.because they may stay there when times get better. it's a battle of market share, which is good news the which is good news for the consumer. liam, thank you consumer. okay, liam, thank you very much indeed. and with that, we should for a couple we should leave you for a couple of minutes. back with the of minutes. back with all the top stories. the top of the top stories. at the top of the hour. very good afternoon to you. it's o'clock. this is gb news live . o'clock. this is gb news live. here's what's coming up in the next hour. well, there's prince harry's book is finally published gb news inconsistencies in his account. our royal reporter cameron walker will be here to tell us and we'll get reaction from bookstores . the country, see how bookstores. the country, see how he's actually and someone else who's backed not harry this time but boris johnson. he's making a speech tonight at the carlton club . it's a swanky spot in club. it's a swanky spot in central london. will he attack

prior to today, we had had updates from the likes of next, sainsbury�*s, jd sports all reporting similarlya group of companies taking part in the christmas bonanza. i think part of the reason of the particularly strong december could well be that consumers had decided to splash out on that christmas period, ahead of what could well be an extremely challenging 2023. but certainly, in terms of where we're seeing at the moment, the supermarkets on the whole enjoyed a strong growth in sales, ranging from the very top of the tree — namely, tesco — through to the discounters, which were also growing their own market share. so you would expect perhaps to see a significant amount of belt tightening, even though consumers may have decided to splash out a bit around the festive season? yes, that's very possible. one thing the supermarkets may be able to do is to mitigate some of those inflationary pressures, which they have been seeing, and not pass the entirety of those costs on to consumers. nonetheless, we're going to get some very important inflationary figures coming out over the next few weeks

blimey that's why when you go into tesco's and sainsbury's, other supermarkets are basically a few .pending 50 quid. .you're not spending 50 quid. so basically fuel has come down. fuel has come down a bit, but it's still the rate of increase come down. fuel inflation is 11.4% in december. still very , 11.4% in december. still very, very high, but less sky high than it was. and food inflation is very, very high. than it was. and food inflation is very, very high . things like is very, very high. things like transport, buses , trains. transport, buses, trains. inflation is less . recreation, inflation is less. recreation, leather. leisure industries. inflation is a bit less , but inflation is a bit less, but still very, very high . and when still very, very high. and when inflation is still at 10.5, it's very difficult for the government to go to public sector unions and say, you don't need an inflation busting pay rise coming down. but here's my point. yes. of course. covid supply chain disruption has had an effect on inflation. yes, of course the energy price shock that we saw after

blimey that's why when you go into tesco's and sainsbury's, other supermarkets are basically a few .pending 50 quid. .you're not spending 50 quid. so basically fuel has come down. fuel has come down a bit, but it's still the rate of increase come down. fuel inflation is 11.4% in december. still very , 11.4% in december. still very, very high, but less sky high than it was. and food inflation is very, very high. than it was. and food inflation is very, very high . things like is very, very high. things like transport, buses , trains. transport, buses, trains. inflation is less . recreation, inflation is less. recreation, leather. leisure industries. inflation is a bit less , but inflation is a bit less, but still very, very high . and when still very, very high. and when inflation is still at 10.5, it's very difficult for the government to go to public sector unions and say, you don't need an inflation busting pay rise coming down. but here's my point. yes. of course. covid supply chain disruption has had an effect on inflation. yes, of course the energy price shock that we saw after

generally speaking you suggested that should get tesco's, sainsbury's, whoever in to.orrowing them. we should be using cabs, we should be using those methods of those of financial control above all the methods of it that we've got. and then telling a public service that fails totally at it, not even the inland revenue can actually make it work . there can actually make it work. there was an attempt, i know, because i'm that sort of a taxpayer which was called make tax digital . i which was called make tax digital. i don't which was called make tax digital . i don't know whether digital. i don't know whether you stubbornly if you understood how though how how using the supermarket model , which has supermarket model, which has improved our ability to access cheaper food, would better food and much better, much more. they're not necessary any healthier food, though, than down to your local greengrocer, your local fishmonger, you know, your local fishmonger, you know, your local fishmonger, you know, your local butcher. that was better quality locally. so most of it i was

so, the premium ones, the likes of sainsbury�*s take the difference, tesco finest, they are growing ative products.— million was spent on the most expensive products. perhaps some --eole expensive products. perhaps some people see — expensive products. perhaps some people see not _ expensive products. perhaps some people see not as _ expensive products. perhaps some people see not as unaffordable - people see not as unaffordable treat, ratherthan people see not as unaffordable treat, rather than other purchases. what does this sort of data, given the cost of living continues, what is this sort of data doing to how the big supermarkets approach their plans for the year? the decisions they are making, the price deals they are making, the price deals they make with their providers? it is a very competitive market in the uk. in some senses, it isjust business as usual. but there is a heightened pressure on pricing. going into the new year, we normally see a raft or price announcements coming out or all of the supermarkets. and they will be looking to offer notjust cheapness, but what they

tesco sainsbury's still dominates as the two are very, very strong mid—market. yeah.on the march and that's good news for consumers there is snobbery out there wonder how i wonder whether or not waitrose as well whether or not waitrose as well whether i suspect or suspects it will reassuring expensive will be reassuring expensive that's what right shows are but the ones they're the mid—market ones they're going to be watching what's going to be watching what's going on they to watch going on they are to watch what's on. i actually this what's going on. i actually this is . well, in little is true. well, i was in little know didn't get lost i do know i didn't get lost i do occasional go coincidental i was in lidl for aldi were in lidl for aldi they were actually and as i was in there a woman was on phone to woman was on the phone to someone else saying that she was doing the shop in sainsbury's. yeah. there's snobbery of yeah. so there's snobbery of course. why people like course. that's why people like to have the sort posh supermarket bags life that they carry. yeah.

, asda even tesco's sainsbury, asda even waitrose more up—market responds where there is competition retailers foremost i would say they get a raw deal. yeah but i think consumers get a decent deal where there isn't decent deal where there isn't decent competition, i may say. so this is a point of view they would deny. of course you're on a things like the housebuilding industry, industry industry, the telecoms industry , of petrol retailers. , some of the petrol retailers. i don't think there is full and fair competition in those sectors , but again, that is sectors, but again, that is a point of view . that's not point of view. that's not a fact. i'm very deplore massively and beautifully part liam halligan when are you coming to mickey the next i charge mickey mouse? the next i charge extra inflation, darling. yeah right. don't forget to vote in our twitter poll. we're asking , our twitter poll. we're asking, is legal immigration the uk to high to , low or about right. high to, low or about right. well surprise , surprise, 82% of well surprise, surprise, 82% of you think it is too

local sainsbury's.ng bays at his local sainsbury's and made a point of off each one. he went to , went to a one. he went to, went to a different one each time. and he's now completed single one of the 211 parking spaces . he needs the 211 parking spaces. he needs a new home. he needs you know i've got a i've got i've got a better way he could be a tick tock sensation with that, but i've got a better way to spend my time i was just i was literally just as i saw i was reading here, this is terrific. this driver was ticked this a drink driver was ticked off magistrates and told to off by magistrates and told to keep after, falling asleep keep alert after, falling asleep in court when he was being sentenced. chairman the sentenced. the chairman of the magistrates out to magistrates shouted out to please you can keep please keep away you can keep and defendant apologised. please keep away you can keep and is defendant apologised. please keep away you can keep and is the fendant apologised. please keep away y

tesco's and they sainsbury's and tesco's and they both about, well we've both talking about, well we'vee growth. i think it was 7.2% tesco and then it was 6.3 for sainsbury's i remember correctly, but you know, environment where know, an environment where you've inflation double you've got inflation double digits , got food inflation of digits, got food inflation of over , you'd go, well, most of over, you'd go, well, most of that's probably inflation then neither of them are talking about margins either. we're talking about profitability and how much of that is going to be clawed back at some point in time and prolonging the pressure on the consumer. of the on the consumer. one of the things that might have happened on the consumer. one of the thinumbers might have happened on the consumer. one of the thinumbers inght have happened on the consumer. one of the thinumbers in the have happened on the consumer. one of the thinumbers in the novemberzned in numbers in the november release, you just had is that consumer seems to have held up relatively well. what might relatively well. now wh

i'm told when he's at the sainsbury's meat counter , he always asks the meat counter, he always askshe golden bulls fitness join the peloton on is being fined $19 million over a delay reporting defects . in 4000 of its tread defects. in 4000 of its tread mills that have led to serious accidents . now i can totally accidents. now i can totally relate to this. i was on one of those during lockdown and i almost spilt my pint. meanwhile prince harry has caused consternation , with the release consternation, with the release of his tell autobiography, spare. many people are complaining about its price too . i think 25 quid for a dorset shopis . i think 25 quid for a dorset shop is a bit of a bargain. the book contains lurid revelations about losing his virginity to an older woman in a field behind a pub. now i'll spare the gory details about position and everything, but suffice to say that he did to that lady what he's currently doing to his own family and the country. he's currently doing to his own family and the country . also in family and the country. also in the book, harry alleges

i'm told when he's at the sainsbury's meat counter , he always asks the meat counter, he always askshe golden bulls fitness join the peloton on is being fined $19 million over a delay reporting defects . in 4000 of its tread defects. in 4000 of its tread mills that have led to serious accidents . now i can totally accidents. now i can totally relate to this. i was on one of those during lockdown and i almost spilt my pint. meanwhile prince harry has caused consternation , with the release consternation, with the release of his tell autobiography, spare. many people are complaining about its price too . i think 25 quid for a dorset shopis . i think 25 quid for a dorset shop is a bit of a bargain. the book contains lurid revelations about losing his virginity to an older woman in a field behind a pub. now i'll spare the gory details about position and everything, but suffice to say that he did to that lady what he's currently doing to his own family and the country. he's currently doing to his own family and the country . also in family and the country. also in the book, harry alleges

at sainsbury�*s, stores did better than online too.ig names who've already reported robust christmas sales despite the cost of living crisis. people shopped carefully this christmas, customers looked around for all the best deals and offers in the market. they wanted to make their budget go as far as possible for all the obvious reasons. but customers also wanted to really enjoy this christmas as much as possible. of course, it was the first time in three years we could get back together in family gatherings, celebrating christmas this time. so customers went all out for the big christmas dinner. but sales are rising because of higher prices. during december, we saw retail sales grow by nearly 7%. but once inflation is taken account of, actually volumes are falling. so that means for retailers, when you combine actually falling volumes and a lot of other headwinds within their businesses, it means that profit is really under pressure. and at this time of year, it's all about managing your profits and your cash. and that makes a really

so the likes of tesco and sainsbury's dominates but the discounters are now stealing a march . retailer then like a source? because they do discount clothing. they do . i discount clothing. they do. i think in the end, steve, we have to eat, but we don't necessarily have to buy new clothes . of have to buy new clothes. of course, basic clothing is a necessity, but kind of fashion wear which asos tends to, is more time spending. now clearly it's a very strong business. i it will do well. it's not going to disappear time soon, but just as we see in the more expensive , again, the headline numbers are really good but the sort of homeware and clothing revenues are actually down 5% because again that is the kind of discretionary spending that can't when they are mindful that they need to make ends meet. and thatis they need to make ends meet. and that is what we're seeing not in the headlines of these numbers but if you look slightly below the surface as i've just tried to. brilliant. liam, thank very much indeed. you see, that's what liam's about, isn't it? looking under the hood ,

it is kind of spread, a i value ranges, tesco and sainsbury's with their price matches have done wellng returned? _ so far. are you worried about goods being returned? electrical— so far. are you worried about goods being returned? electrical goods, . being returned ? electrical goods, clothing, being returned? electrical goods, clothing, because that is another element people watch out for. returns have been an increasingly big issue for retailers, critically in fashion, but in electricals on those sorts of things. it is hard to say, i would say at this point on returns, though small feed through. i would say in the conversations we've been having today, it has been very positive. we've been having today, it has been very positive-— very positive. that sounds like good news. very positive. that sounds like good news- hugh — very positive. that sounds like good news. hugh radojev, _ very positive. that sounds like good news. hugh radojev, thank- very positive. that sounds like good news. hugh radojev, thank you - very positive. that sounds like good news. hugh radojev, thank you for|

realised, when you try and compete with other business there have been going in areas like tesco, sainsburyeally complicated supply chains and their big bright tech idea of going without having to pay wasn't really matched by the quality of products that were required on the shelves or just enough shops for there to be brought take out. i have a co—op round the corner there seems to be new, everywhere, amazon fresh never seem to get to that point and if it had maybe things would have gone better but their supply chain aspect is what they never really conquered. even a business like amazon there a lesson versus sticking what you know. who am i to say?- lesson versus sticking what you know. who am i to say? well, quite but ou know. who am i to say? well, quite but you are — know. who am i to say? well, quite but you are to _ know. who am i to say? well, quite but you are to say _ know. who am i to say? well, quite but you are to say it. _ know. who am i to say? well, quite but you are to say it. miles, - know. who am i to say? well, quite but you are to say it. miles, talk- but you are to say

sainsbury�*s has reported a rise in sales over christmas, despite the cost—of—living crisis.customers shopped early, buying festive treats more than once as well as looking for deals. it says it now thinks full year profits will be towards the upper end of what it expected. shamima begum, the british schoolgirl who travelled to syria to join so—called islamic state, has admitted to being a member of terror organisation in a new interview with the bbc. the now 23—year—old, who was 15 when she ran away from her home in east london, was interviewed as part of a year—long investigation for the 5 live podcast i am not a monster where she revealed that she was fed comprehensive instructions by members of the terror group, but also undertook her own detailed planning for the trip in 2015. let's take a look. i'm curious about how you think people perceive you. this a i'm curious about how you think people perceive you. as a danger, is a risk, as people perceive you. as a danger, is a risk. as a — people perceive you. as a danger, is a risk, as a potential— people perceive you. as a d

so like asking tescos sainsbury's to tell you to buy less things you walk around less things when youhe shop and never going to do that. think we start with that. and i think we start with these most vulnerable and these most vulnerable people and this the trigger for this could be the trigger for not only moving them away, moving the profit away, if you like supplying the energy, like and supplying the energy, but their homes first to but picking their homes first to do what so many common does is actually in the energy actually put in the energy efficient products and technologies don't cost a technologies which don't cost a lot. so the money that's on metre goes further and further and further and it saves us money quite ways wise . thank you money quite ways wise. thank you very much indeed forjoining us again. that's marcus right there, ceo and founder of save money cut carbon . look up the money cut carbon. look up the website. lots of great ideas . as website. lots of great ideas. as you said , these businesses exist you said, these businesses exist to. make money. can't blame

the spiral 12 sainsbury's, whatever . but yeah, sainsbury's, whatever.they call is a good question. i mean, even thatis a good question. i mean, even that is really funny . it a good question. i mean, even that is really funny. it all begins. what do you think as day do you think it is wise? well i think it's sad if it is because i'm than all of you. and i think a lovely old fashioned thing to do is to go out with a stranger that it's like a first date. well, i mean yes. but i mean, it's quite nice to actually talk and find out if you can't spend two and a half, 3 hours with someone in order to find love, perhaps then . you're on the perhaps then. you're on the first date, you know? i mean , first date, you know? i mean, these things happen there, but how do you know if you if you do do date ? i feel like i do do that date? i feel like i do something. you're both doing the thing a of thing. there's a lot of psychological evidence . yeah, i psychological evidence. yeah, i think there's a lot of psychological evidence where it's intense if you're it's much

and that's why when you go to tesco or sainsbury's or other supermarkets are available for you, go for that's what's happening and there is the 17% up on the year fuel prices, the inflation has come down a bit, but they're still up 11.5. and then there's some other things that inflation is less, but still very chunky transport. that's bus fares, train fares and so on. 6.9% up on the year and so on. 6.9% up on the year and then recreation and culture up and then recreation and culture ”p by and then recreation and culture up by just under 5% inflation there. because to be honest, a lot of theme parks , leisure lot of theme parks, leisure activities is they're trying to keep their cost of living increases as low as possible all absorbing the extra fuel bills because they're trying to get people through the door when household budgets are being squeezed. it's difficult, isn't it? mean , what can people do it? i mean, what can people do to help themselves out to sort of help themselves out of because obviously of this? because obviously you're in terms of you're getting less in terms of in

so some good tips there what about restocking your freezer for some of these deals that around sainsbury'sfiver you can get lots of good stuff there . this lots of good stuff there. this is a cracking deal i found a four year rinse to the 24th of january and you can get four major items which are in pretty much everyone's freezers for, about £5. so you going to be able to get one protein product, which is your fingers or your vegetarian option, then surprise ice cream and a bag of peas and it's basically on friday favourite meal, but you can get that fo r £5. normally retailing that for £5. normally retailing up between 12 an d £13. so that's up between 12 and £13. so that's good one to go and start filling your freezer. obviously obviously that's going to last way beyond january anyway. so it's not a bad one. but take a there are lots of deals across there are lots of deals across the supermarkets right now. the important thing is to budget budget making that you've got the money be able to invest a little bit in some freezer products. don't go and spend excessively supermarket . well exc

tesco and sainsbury's are still the major players along with asda in british food retail .u say , because consumers as you say, because consumers are voting with their feet and it is with their feet because we still buy some much of our food over the counter. if you like. and in the in real life rather than online but i mean this is more of an up—market brand. it's clear here that retail sales overall all are suffering. the headune overall all are suffering. the headline number earlier this week was that retail sales are up about 6. and i saw many newspaper headlines saying retail sales are booming . retail sales are booming. actually, they're not because . actually, they're not because. once you type, once you include into that figure, 10% inflate again, the of retail sales over all in retail is engine room of the british so this is what happens when you have inflation when you have a cost of living squeeze consumers power is diminished and so in terms of value they spend less and also they for a bargain. and that's exactly what we're seeing here in these figures this morn

the big boys and girls in terms of the supermarkets, the tesco , the supermarkets, the tesco, the sainsbury'sand whatever, how are these guys shaping up or is it just all aldi and lidl lidl ? well, aldi and lidl lidl? well, actually, again, that's really, really good point because of course, as of the supermarkets have rushed to say about this data and previous data that which is released it's not necessarily a level playing field. and that's quite right because . a lot of the because. a lot of the traditional , because. a lot of the traditional, as we're because. a lot of the traditional , as we're calling, traditional, as we're calling, to carry all kinds of different brands as well aldi, of course, focuses on its brands and little to the lots of sourcing locally, just under name. so actually we brands again there's not much of a difference which does here is it looks it's a much bigger shopping basket to get a good idea of the spread of things. so there are some brand names in there are some brand names in there and the name stuff now in there and the name stuff now in the recent came out