Grocery giant Asda has agreed to sell 24 supermarket sites and a key depot in a deal worth £568 million. In a move to improve its finances, the debt-laden retailer will utilise a sale-and-leaseback ...

Supermarket chain Asda is selling 24 of its stores and will rent them back as it struggles with its debt mound. There will be no change to the shops, nor its Lutterworth depot, which has also been ...

Asda has announced a major change affecting 24 stores and a depot. It has agreed to offload a substantial number of supermarkets and a distribution depot in a bid to strengthen its financial position.

Asda is facing its toughest period in more than a decade as new market data shows the supermarket rapidly losing ground to Aldi, which analysts say is now within months of overtaking it as Britain's ...

Asda’s debt has been downgraded as its profits are forecast to slump more than anticipated. Ratings agency Fitch confirmed yesterday (24 November) it has reduced its rating of the supermarket’s ...

Transport minister Loke Siew Fook said the two task forces were set up to ensure investigations were transparent, independent and free from any external influence. (Bernama pic) The transport ministry ...

LONDON, Nov 20 (Reuters) - British supermarket group Asda has raised 568 million pounds ($742 million) from sale-and-leaseback agreements on 24 stores and a depot, it said on Thursday, providing a ...

If you want to know how Asda lost its way under the Issa brothers take a trip to South Manchester. At one end, opposite the Heineken brewery in the heart of Moss Side, an Asda superstore is in a ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Asda has raised close to £600mn from two sale-and-leaseback deals as its private equity owner TDR Capital uses ...

KUALA LUMPUR: The Transport Ministry has set up two special task forces to investigate the container explosion incident at the Port of Tanjung Pelepas (PTP), Johor, and the runaway KTM Komuter train ...

The return sites will be based at major supermarkets, such as Tesco, Asda, Morrisons and Sainsbury's, grocery and convenience ...