01-10-2018 12:57 via theguardian.com

Aldi vows to take on Jack's as UK sales top £10bn for first time

Chain says it intends to remain cheapest grocer despite Tesco rival as profits rise 29%
Aldi has vowed to cut prices if necessary to take on Tesco’s new discount chain, Jack’s, after clocking up more than £10bn in sales for the first time.Profits at the UK and Irish arm of the German chain jumped by almost 30% to £265m in 2017 as sales rose by 16.4% to £10.2bn, driven by the opening of 70 more stores. Aldi said it had drawn in more than 1m new customers, helping to
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