Private equity-owned Asda has been hit by a sell-off of its bonds and loans as investors in the struggling UK supermarket chain grow concerned that accelerating sales declines will jeopardise its ...

Asda has been hit by a sell off of its loans and bonds as woeful Christmas sales sparked concern about the viability of its turnaround strategy.

The industry data suggests that despite Asda embarking on a turnaround, it has been losing ground to rivals.

The British supermarket chain is planning to remove over 80 managerial posts alongside multiple warehouse roles.

Allan Leighton is attempting to turn around Asda’s fortunes after replacing Lord Rose last year - Eddie Mulholland Asda has been struck by a fresh sales slump as new chairman Allan Leighton battles to ...

Asda's bond price reached a new low following disastrous Christmas results, where it was the only major supermarket to lose sales ...

Sales at UK supermarkets rose above inflation in February as Brits looked for cost-effective ways to treat themselves. Take-home sales at the grocers rose by 3.6 per cent over the four weeks to 23 ...

LONDON (Reuters) -Asda, Britain’s third-largest supermarket group, said on Thursday that sales in its current quarter would be dented by disruption linked to the final phase of a major IT overhaul ...