His pledge last month to get the business “firing on all cylinders again” by cutting prices on thousands of items sparked a sell-off in the shares of competitors Tesco (TSCO), J Sainsbury (SBRY) and ...

According to Asda, it moved off Walmart's SAP ERP system to a new instance of S/4HANA hosted in Microsoft Azure in January ...

A MAJOR bakery chain with more than 2,600 outlets across the UK is set to shut down one of its stores in the coming days.

The Greggs branch opened in 2023 and is a standalone unit situated on the forecourt of Lytham Petrol Station, which was ...

Boss Allan Leighton slashed the cost of 1,500 items by as much as 45 per cent. He said he planned to 'continue to invest in ...

Asda is lumbering under a £3.8bn debt pile following a £7bn takeover in 2021 by private equity firm TDR Capital and brothers Mohsin and Zuber Issa. Asda spent £441m on finance costs in 2023 ...

The UK's third-largest grocery retailer is set to finish its "three-year" tech divorce project from Walmart in the third quarter of 2025, while most project staff have been moved on. Four years after ...

If there's anyone who understands Asda it's arguably former chief executive and current chair Allan Leighton. But times have ...

Worse was to follow. In October 2020, Walmart offloaded a majority stake in the grocer to the petrol forecourts billionaires Mohsin and Zuber Issa and the private equity firm TDR Capital.

By James Davey LONDON (Reuters) -Struggling British supermarket Asda has warned that required investment in lowering prices and improving product availability and ranges will "materially reduce" ...