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The Independent UK
The Independent UK
Business
Holly Williams

Lidl swings to annual loss amid battle to keep prices low as costs surge

Reuters

Discount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its costs rose “across the board”.

The group reported pre-tax losses of £76m for the year to 28 February against profits of £41.1m the previous year as it also invested heavily in the business.

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