Sainsbury’s has reported that its latest half year profits have increased due to its takeover of Argos.
The retailer said that adding Argos stores to Sainsbury’s outlets had been ‘driving an increase in trading intensity’.
Sainsbury’s said that its half year underlying profits rose 20% to £302 million.
Sainsbury's chief executive Mike Coupe said the grocery market was "extremely competitive".
He told the BBC's Today programme: "It's a pleasing set of results against a difficult market backdrop, largely driven by the acquisition synergies from the Argos business."
