The UK's Supermarket giants have lost more than £3.5billion in market value after Asda revealed plans for a major price war.

Asda attributed the growth to better gross margins, especially in the non-food sector, showcasing the strength of its George ...

Almost £4bn has been wiped off Britain’s biggest supermarkets amid fears over Asda’s plans to launch a grocery price war as ...

Leighton also revealed that his turnaround plan included a major range reduction programme over the next 12 months, with around 6,000 SKUs set to be cut. The process will involve a ...

London broker Jeffries has questioned whether Asda’s sales will rise quickly enough to meet the demands of its turnaround ...

Asda has warned that a programme of investment in reducing prices together with improving availability and its shopping experience is set to "materially reduce" its profits in 2025.

Asda has announced that it is to continue cutting prices and putting more staff on the shop floor as it reported that total ...

Thinktank The Resolution Foundation warns that Chancellor Rachel Reeves is set to 'break her own fiscal rules' ...

Asda has reported its financial performance for the year ending 31st December 2024, highlighting strategic investments in pricing, customer experience, and operational efficiency. Despite a slight ...

Asda's Rollback price strategy shows early positive momentum, despite a revenue decline and profitability concerns. The ...

The change will see the price of both fuels drop by 4p per litre at all Asda and Asda Express branded petrol forecourts. The cuts today mean that the average price at Asda’s forecourts today is ...

The boss of the UK’s third biggest supermarket has warned that profits will be ‘materially reduced’ as it embarks on an ...