Leeds-based Asda has reported a 2.5% decline in total revenues excluding fuel to £5.3 billion for the third quarter ending September 30. Asda said third quarter like-for-like…

Leeds-based Asda has confirmed that funds managed by TDR Capital LLP have completed the acquisition of Zuber Issa’s shares in the business. This brings the…

Wetherby-based life sciences company Avacta Group said it would divest its diagnostics division and is looking at a dual listing on NASDAQ to maximize value…

Leeds-based Asda announced that Mohsin Issa is stepping back from his executive leadership role at the supermarket giant to focus on his previously announced role…

Leeds-based supermarket giant Asda has announced the launch of a new workplace savings account as an exclusive benefit for its 150,000 staff. The retailer has partnered…

Leeds-based supermarket giant Asda reported a 2.2% decline in total second-quarter revenue, excluding fuel, to £5.3 billion, with like-for-like sales down 5.3%. Total George-branded clothing…

Leeds-based supermarket giant Asda said it delivered a pre-tax profit of £180 million for 2023 compared with a loss before tax of £432 million in…

Private equity firm TDR Capital LLP said on Friday it agreed to acquire Zuber Issa’s shares in Leeds-based supermarket giant Asda, taking its ownership of Asda…

Asda announced a 6.6% increase in total revenues (excluding fuel) to £5.3 billion and 1.4% growth in like-for-like sales. The Leeds-based supermarket said growth was…

Leeds-based supermarket giant Asda has unveiled plans for a mixed-use redevelopment of its 10-acre Park Royal site in North West London. The retailer has partnered with…

Leeds-based supermarket giant Asda announced on Friday that it has refinanced more than £3.2 billion of its debt. Blackburn-based billionaire brothers Mohsin and Zuber Issa…

Leeds-based supermarket giant Asda said its 2023 adjusted EBITDA after rent, its preferred profit measure, rose 24% to £1.08 billion as its total sales, excluding fuel, climbed…

Leeds-based supermarket giant Asda has announced proposals for “a record £150m investment” in its retail pay offer to become “the highest paying UK grocery retailer.”…

Leeds-based supermarket giant Asda announced it will open 110 Asda Express convenience stores in February – a record for a single month – to accelerate…

Leeds-based supermarket giant Asda has updated investors on its Q3 trading performance covering the three months to the end of September 2023, reporting revenues of £5.4…

Leeds-based supermarket giant Asda announced it has completed the acquisition of EG Group’s UK business for an enterprise value of £2.07 billion. “Buying the EG…

Leeds-based supermarket giant Asda has reported a 9.6% increase in like-for-like sales during the second quarter of 2023 compared to the same period a year earlier…

The UK’s Competition and Markets Authority (CMA) announced it has “taken action to protect supermarket shoppers” by securing agreements from Sainsbury’s and Asda to stop using…

Leeds-based supermarket giant Asda announced it would buy Blackburn-based petrol station operator EG Group’s UK and Ireland business for an enterprise value of £2.27 billion —…

Leeds-based supermarket giant Asda announced its adjusted EBITDA earnings fell 24% in 2022 to £886 million as it “invested to absorb cost price inflation and keep…

The UK Competition and Markets Authority (CMA) has found that Leeds-based Asda’s £611 million purchase of the Co-op’s 132 petrol stations and attached stores could…

By Mark McSherry Alderley Park-based Redx Pharma and Massachusetts-based Jounce Therapeutics have announced a “unanimously recommended business combination” of the two companies via a proposed all…

Leeds-based supermarket giant Asda has announced changes to its senior leadership team, including the appointment of a new Chief Customer Officer and the departure of…

Wilmslow-based pet and vet retailer Pets at Home Group has announced a number of board changes, including the appointment of former Asda CEO Roger Burnley…

Leeds-based supermarket giant Asda announced a plan to create 10,000 new convenience store jobs over the next four years as it accelerates the rollout of…

Doncaster-based DFS Furniture plc announced that John Fallon will be appointed as an executive director and chief financial officer (CFO) of the firm, joining the board…

Manchester-based Co-op Group announced the completion of the sale of its non-core petrol forecourt business to Leeds-based Asda for an enterprise value of £611 million. The acquisition…

Manchester-based Co-op Group announced it has sold its petrol forecourt estate to Leeds-based Asda for an enterprise value of £600 million. The Co-op said the enterprise value…

Leeds-based supermarket giant Asda said its second-quarter revenue, excluding fuel, fell about 2% to £4.9 billion Asda also said it is taking “far-reaching steps” to support…

The Competition and Markets Authority (CMA) announced it is launching investigations into the eco-friendly and sustainability claims made by ASOS, Boohoo and George at Asda about…

Leeds-based supermarket giant Asda said its like-for-like sales fell 9.2% to £4.641 billion during the quarter to March 31 compared to the “exceptional” same period of…

Leeds-based Asda and Bradford-based Morrisons said on Monday that they would cut the prices of essential items amid soaring inflation and slumping UK consumer confidence….

Leeds-based supermarket giant Asda announced that its 2021 total sales increased 0.5% to £20.4 billion “driven by a strong performance in home and outdoor and…

Leeds-based supermarket giant Asda has confirmed that it is removing products that originate from Russia from its stores and online platforms. Asda and its charity, the…

Leeds-based supermarket giant Asda has announced major changes to its executive leadership team. Ken Towle of Nisa will join Asda’s executive leadership team later in…

Leeds-based Asda said it has chartered its own cargo ship “to protect the availability of key festive products including festive decorations, toys, clothing and gifts.” Asda…

Blackburn-based billionaires the Issa brothers are considering merging their recently-acquired Leeds-based supermarket giant Asda with EG Group, their international chain of petrol stations and convenience stores,…

Leeds-based supermarket giant Asda announced it appointed former Marks & Spencer CEO Stuart Rose as chairman and Alison Carnwath as a non-executive director, effective December 1….

Leeds-based supermarket giant Asda has stepped up its Christmas preparations by announcing plans to recruit 15,000 temporary staff and confirming the dates its festive home…

Leeds-based supermarket giant Asda and EG Group have terminated a deal that would have seen EG buy Asda’s petrol forecourts for £750 million, the two…

Leeds-based supermarket giant Asda announced that its chief operating officer Anthony Hemmerdinger and strategy officer Preyash Thakrar have both left the business as the group announced…

Leeds-based supermarket giant Asda has confirmed it will introduce a permanent hybrid working model for head office staff once social distancing restrictions are lifted. Blackburn-based…

The UK’s Competition and Markets Authority (CMA) will not refer the £6.8 billion takeover of Leeds-based supermarket giant Asda for an in-depth investigation after accepting…

The UK’s Competition and Markets Authority (CMA) gave a strong hint on Wednesday it is likely to accept an offer from the new majority owners…

The UK’s Competition and Markets Authority (CMA) has ordered the new owners of Leeds-based Asda to address its concerns that their £6.8 billion purchase of the…

Leeds-based Asda has announced that John Fallon will succeed Rob McWilliam as chief financial officer when McWilliam concludes his fixed term appointment in the role this…

Leeds-based Asda has announced that its CEO and President Roger Burnley “has decided to leave the business next year” after the supermarket has transitioned fully…

Leeds-based Asda has announced “transformation proposals in response to changing shopping habits” that will involve creating 4,500 new roles in store-based online operations across the UK….

Leeds-based Asda on Thursday published earnings for the fourth quarter of 2020 covering the period from October 1 to December 31 showing like-for-like sales excluding fuel…

Walmart Inc. said on Tuesday the Blackburn-based Issa brothers and TDR Capital have completed the acquisition of Asda, Walmart’s Leeds-based UK business, for an enterprise…

Blackburn-based billionaire brothers Mohsin and Zuber Issa and private equity firm TDR Capital have issued the largest-ever sterling junk bond as investors snapped up their…

Blackburn-based billionaires the Issa brothers and TDR Capital will offload Asda’s petrol stations to the Issa brothers’ EG Group for £750 million when their purchase…

Leeds-based Asda has announced it will not open its stores on Boxing Day and give thousands of staff “the opportunity stay at home with loved…

The UK Competition and Markets Authority (CMA) announced it has formally launched an inquiry into the £6.8 billion acquisition of Leeds-based Asda from Walmart Inc. by…

Leeds-based Asda has announced it will pay its business rates of £340 million in full to the UK Government and Devolved Administrations, waiving the relief it…

Leeds-based Asda has published earnings for the third quarter of 2020 showing a surge in demand for Christmas products and “lockdown proof” festive essentials as…

Blackburn-based petrol station billionaires the Issa brothers and funds managed by London-based private equity firm TDR Capital LLP announced on Friday they agreed to buy…

Walmart Inc has picked the founders of Blackburn-based global petrol station and convenience store giant EG Group and their investor, private equity firm TDR Capital, as preferred…

Asda, Walmart’s Leeds-based subsidiary, said its online sales doubled during its second quarter which began on April 1, the week after the pandemic lockdown began. Asda…

Walmart said on Monday it has restarted talks with potential buyers of a majority stake in its Leeds-based supermarket firm Asda. “Walmart and Asda have…

Asda, Walmart’s Leeds-based subsidiary, said on Tuesday its first-quarter like for like sales, excluding petrol, increased 3.5% on the same period of 2019. The three-month…

Asda, Walmart’s Leeds-based subsidiary, said on Friday it plans to hire more than 5,000 temporary workers who have lost their jobs due to the coronavirus…

Walmart and its Leeds-based subsidiary Asda confirmed late on Wednesday they are in talks with possible buyers of a stake in Asda. The news followed a…

Walmart’s Leeds-based subsidiary Asda — which is considering a future UK stock market listing — said on Tuesday its like-for-like sales excluding petrol fell 1.3% in the quarter…

Walmart’s Leeds-based subsidiary Asda — which is considering a future UK stock market listing — said on Thursday that concerns over Brexit “continue to negatively affect customer…

Walmart’s Leeds-based subsidiary Asda on Friday has given its shop floor workers more time to sign new employment contracts or face dismissal in a dispute…

Walmart’s Leeds-based subsidiary Asda — which is considering a future UK stock market listing — said its operating profit rose 9.2% to £803.2 million in 2018…

Walmart’s Leeds-based subsidiary Asda has reported a like for like sales decline of 0.3% for the first half of 2019 compared to the same period…

Liverpool-based bargain retailer B&M European Value Retail said its revenues increased 17.1% to £3.48 billion and profit before tax rose 8.7% to £249.4 million for the…

Walmart is “seriously considering” a stock market flotation for its Leeds-based subsidiary Asda after its deal to merge with Sainsbury’s was blocked by a regulator….