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Asda’s parent company slumped to a near £600m pre-tax loss last year as the supermarket group faced falling sales ...
Total revenues rose by 5 per cent to £26.8bn in the year to December 31. However, Asda’s like-for-like food sales declined by ...
Supermarket chain Asda made a near-£600m loss last year during a period of struggle, the company’s new accounts have revealed ...
Asda fell to a loss of almost £600m last year as its soaring debt burden and a costly IT overhaul weighed on the beleaguered ...
Bellis Finco, Asda's holding company, posted a £599m loss for the year to December 31, a big fall from £180m profit in 2023. Like-for-like sales were down 3.4%, but total sales rose to £26.8bn from ...
The owners of supermarket Asda and petrol stations company EG Group will announce a 10 billion-pound ($12.6 billion) merger of their operations in Britain as early as Friday, Sky News reported on ...
Asda’s owners created nearly £1.5bn of new liabilities that are not counted in the supermarket chain’s headline debt figures to finance a buyout of a petrol stations business that they also ...
The slide from a £180m pre-tax profit to a £599m loss in 2024 came as food sales lagged expectations, falling 3.7% on a ...
Asda co-owner Mohsin Issa steps back as hunt for CEO continues Mr Issa will this week leave his executive role to concentrate on his recently announced move to become sole chief executive of EG Group.
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