· Food performance resilient; ongoing investment in quality, price and innovation
· Total transactions have increased by nearly three per cent to 26 million per week
· Investing in channels of future growth: Groceries Online grew by over eight per cent and Convenience grew by over six per cent
· Outperformance of the market in Sainsbury's and Argos's General Merchandise and Clothing
· Will deliver £160 million EBITDA synergy target from Argos acquisition six months early; accelerating plan to open 250 Argos Digital stores in Sainsbury's supermarkets
· Successfully implemented new savings and ATM banking platform at Sainsbury's Bank and launched mortgages. The Bank is well set to deliver strong profit growth
· On track to deliver three-year £500 million cost saving programme by the end of 2017/18, with further £500 million cost savings target over three years from 2018/19
· Strong balance sheet with net debt reduced by £349 million to £1,477 million