10-03-2022, 03:34 PM
Regarding the profits made by the big supermarkets I was told some years back that the interest they earn on the short term deposit of their sales income significantly boosts their profits. When you consider that they are paid at the till by virtually all of their customers, that money is theirs to invest until such time that they pay their suppliers, which from my past experience as a produce supplier coincided with the turn of each month. Maybe not the money earner it could be in light of current interest rates but a tidy little bonus during times of 'normal' interest rates.