Finance News – Asda
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Asda faces another hefty fine for selling expired food in stores
The substantial penalties imposed on Asda for repeatedly offering products past their sell-by date highlight significant financial risks associated with non-compliance to food safe...
Read Full Article →Asda owner slumps to near £600m loss as sales fall
The company experienced a substantial financial setback last year due to declining sales and rising expenses related to debt management and IT system transitions inherited from its...
Read Full Article →Asda loses £600m amid major turnaround plan
Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...
Read Full Article →Profit almost wiped out at Asda billionaire’s empire ahead of mega IPO
EG Group, co-founded by the Issa brothers and partly owned by TDR Capital, experienced a significant decline in earnings just before its anticipated $13 billion stock market debut...
Read Full Article →Is Asda’s ambitious turnaround starting to bear fruit?
Recent operational improvements and strategic adjustments have begun to influence Asda’s revenue streams and market position, indicating potential progress in stabilizing its finan...
Read Full Article →Asda ‘making good progress’ despite sales continuing to fall
Asda's recent financial report shows a decline in revenue for the first quarter of 2025, yet leadership remains optimistic about the company’s overall development and future perfor...
Read Full Article →Government urged to prioritise high streets or risk losing seats to Reform
A retail coalition highlighted that declining employment in the sector may impact political support in key regions, emphasizing the need for targeted investment to sustain local ec...
Read Full Article →UK supermarkets suspend supplies from Lincolnshire pig farm over cruelty claims
Major UK retailers halting orders from a key supplier due to animal welfare concerns may lead to significant revenue losses and disrupt supply chains within the country’s pork indu...
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