Supermarket giant Sainsbury’s is to raise staff wages by 5% after cheering its “biggest ever” Christmas. The UK’s second-largest grocery chain, behind Tesco, said it saw a strong performance in the key Christmas period amid soaring demand for party food and bottles of fizz.
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00:00Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post, here's
00:04your headlines for this morning. The supermarket giant Sainsbury's is to raise staff wages
00:10by 5% after recording its biggest ever Christmas. The UK's second largest grocery chain said
00:17it saw a strong performance in the key Christmas period amid soaring demand for party food
00:22and bottles of fizz. As a result, it told shareholders it's on track to increase its
00:27profits for the year in line with previous targets. It came as Sainsbury's said it will
00:33hand staff an inflation-busting 5% pay increase in 2025 to help workers through a particularly
00:41tough cost of inflation environment. So a major update from supermarket giant Sainsbury's
00:47this morning, it's going to raise staff wages by 5% after recording its biggest ever Christmas.
00:54My name's Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.