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 ...

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...

Supermarket chain Asda made a near-£600m loss last year during a period of struggle, the company’s new accounts have revealed ...

Until recently, the union’s ire has largely been targeted at the billionaire Issa brothers who led a £6.8bn takeover of Asda three years ago, with TDR’s backing and a mountain of expensive debt.

Asda fell to a loss of almost £600m last year as its soaring debt burden and a costly IT overhaul weighed on the beleaguered ...

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 ...

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 ...

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 ...

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 ...

Issa brothers under scrutiny over ‘complex’ structure of business empire The billionaire owners of Asda have been asked by MPs for details of interest free-loans allegedly provided to fund the ...