Home Retail Group (HRG) on Thursday upgraded its full-year profit forecast, thanks to continued sales growth at its Argos chain.
Raising its full-year profit forecast for the second time since January, the group said that it expected to pocket £90 million in the soon-to-be-ended year.
The group's Argos chain reported an increase of 5.2 per cent in underlying sales over the eight-week to March 2. The increase in sales was mainly driven by a robust demand for tablet computers, fridges and freezers.
Waitrose is the best supermarket in the UK, while Tesco is the worst, according to a new survey by consumer watchdog Which?
The watchdog polled 11,000 consumers across the country, and found most respondents voting in favor of Waitrose, which received a customer score of 82 per cent.
Waitrose also received five-star ratings for the quality of its fresh products as well as for its customer service.
British retailers Tesco and Aldi have removed frozen beef products made by French supplier Comigel from sale because of "a labelling issue".
The two retailers withdrew frozen apaghetti bolognese and lasagne after the emergence of the latest alert over the origin of the meat.
Announcing its decision of withdrawing the beef products, a spokesperson for Aldi said, "Comigel has flagged concerns that the products do not conform to specification. They have been withdrawn immediately so that Aldi can conduct its own investigations into the factory concerned."