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

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

The Leeds-headquartered supermarket giant has posted a pre-tax loss of £599m for its latest financial year, having reported a ...

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 slumped back into the red after losing almost £600m in 2024 despite its total sales rising by more than £1bn, it has ...

Walmart is retreating from Europe, merging its UK supermarket business Asda with bigger rival Sainsbury's. In return, Walmart will receive £2.97 billion ($4.1 billion) in cash and a 42% stake in ...

Sainsbury's has agreed to buy Walmart's U.K. unit, Asda, for $10.1 billion in cash and stock in a deal that would create Britain's largest supermarket chain and marks a profound shift in the ...

Walmart Inc.'s sale of Asda, its U.K. supermarket chain, is a step closer to gaining the needed approval of that nation's antitrust authority.

A number of senior Asda directors, including former finance director Judith McKenna and COO Mark Ibbotson, have also crossed the Atlantic ocean to work for Walmart. There is now evidence that Asda, ...

Supermarket chain Asda made a near-£600m loss last year during a period of struggle, the company’s new accounts have revealed. The Leeds-headquartered business, which is owned and controlled by ...

Walmart Inc.'s sale of Asda, its U.K. supermarket chain, is a step closer to gaining the needed approval of that nation's antitrust authority.