The retailer said sales growth is set to slow in the new financial year ahead.

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Chief executive John O’Reilly will step down on January 29 and be replaced on an interim basis by chief financial officer Richard Harris.

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Private equity firm HIG Capital is selling Interpath five years after it bought the former restructuring arm of KPMG.

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The discount supermarket said sales jumped by more than 5% in run up to Christmas

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Tesco and Sainsbury’s will report updates after a hard-fought Christmas in the sector, while Next, M&S and Greggs will also give their verdict.

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The German-owned group generated more than £1.1bn in turnover in the lead up to Christmas Eve

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