Iceland

Discounters challenge Big Four supermarkets

Supermarket
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The UK's big four supermarkets all lost market share in the 12 weeks to 19 May, market research company Kantar says, as discounters gained ground.

Tesco's share fell to 27.3% from 27.7% a year ago, while Sainsbury's and Asda had equal shares of 15.2%, after sales fell by 1.7% and 0.2% respectively.

Sales at Morrisons fell 0.4%, giving it a share of 10.4%.

Like-for-like sales were unchanged at leader Tesco and fell at Sainsbury's, Asda and Morrisons.

German discounters Aldi and Lidl continued to record strong growth, with sales up 11.1% and 8.5% respectively, giving them a record combined market share of 13.8%.

Sales at Ocado, Iceland, and Waitrose were also up on a year ago.

Iceland faces 'bill for breaching wage rules'

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Frozen food retailer Iceland is facing a £21m bill for breaching minimum wage rules, the Times is reporting.

The paper says that staff voluntarily had sums deducted from their wages which was paid into a savings club. This meant their pay had fallen below the minimum wage and the alleged underpayment is about £3.5m a year for six years.

Also, Iceland issued guidance for staff to wear comfortable shoes. HMRC wants Iceland to refund staff for two shoe purchases a year - a nominal £20 each - going back six years.

The paper says HMRC declined to comment, and quotes Sir Malcolm Walker, the founder and chief executive of the chain, saying the dispute was "just madness".

Iceland is meeting Kelly Tolhurst, a junior government minister in the business department, later this month.