Aldi to invest £900m in the UK and open 40 more stores next year

Supermarket chain declares ‘increasing confidence’ in its growth plans after posting record annual revenue of £19bn Business live – latest updates Aldi says it is stepping up investment in the UK with plans to spend £900m and open more than 40 stores. The company, which operates 1,092 budget supermarkets in the UK and Ireland, revealed sales rose 5% to a record £19bn last year It opened 40 stores but profits slipped by £2.6m to £433m as it cut prices despite cost inflation.

Read the original report at The Guardian.