Asda chief financial officer Michael Gleeson has dismissed reports that its owners are looking to sell the supermarket giant.

Profits at the UK's third-biggest supermarket chain grew 24% in 2023, topping more than £1bn in a year where households struggled with the cost of living.

Asda Group Ltd. is planning a bond and loan issuance to help refinance the debt pile that supported its acquisition by gas-station entrepreneurs Mohsin and Zuber Issa, according to people familiar ...

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Asda has suffered a slump in grocery sales, making it the only one of the traditional “Big Four” supermarkets in Britain to lose market share over the last three months.

Earnings for UK supermarket giant Asda rose by a quarter last year on the back of repeat customers using store loyalty schemes.

The private jets of the billionaire Asda owners, the Issa brothers, have flown between London and the Caribbean more than 50 times.

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Additionally, the company has passed on commodity price deflation to consumers and reduced prices on over 800 everyday products. Asda’s free cash flow increased by 31%, enabling the repayment of a ...

Monday 22nd April – Asda has today announced its full year results for the period ending 31 December 2023 – delivering a 24% increase in adjusted EBITDA after rent to £1.078bn driven by like-for-like ...