Grocery bosses to point to dwindling profits ahead of grilling by MPs

Big Four Supermarkets

The traditional big four grocers are preparing to point to dwindling profits as a result of increased costs to head off accusations of profiteering at tomorrow’s crunch price summit.

Representatives from Tesco, Sainsbury’s, Asda and Morrisons are all due to appear in front of the Commons business select committee to face questions.

 

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