Lidl in Britain makes £76m loss amid battles to keep a lid on rising prices

German-owned discount chain reports 18% sales rise and extra market share but inflation cost it 100m to keep prices low

Discount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its costs rose across the board".

The group reported pre-tax losses of 76m for the year to 28 February against profits of 41.1m the previous year as it also invested heavily in the business.