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© 2024 a Reach plc subsidiary
Asda
08:45, 10 JAN 2024
Asda co-owners face MP grilling on fuel prices and company structure
Retail & High Street
The Leeds-based firm has faced criticism on "bumped up" petrol prices
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Asda owners insist chain had no ‘strategy’ to profit from higher fuel prices
Asda
TDR Capital co-owns Asda with brothers Mohsin and Zuber Issa
Bookmark
Asda boss Mohsin Issa says he is not worried about size of group debt and that there is 'no gap' in its finances
Asda
Supermarket group has faced criticism from unions over finance structures
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East Midlands Movers and Shakers: Lamp, Matthew Montague Architects, Topps Tiles, Label Apeel, MTMS, Shakespeare Martineau, Marketing Nottingham and Nottinghamshire
Appointments
Changes include Megan Powell Vreeswijk becoming CEO of Marketing Nottingham and Nottinghamshire
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Asda reports slowing sales as poor summer weather hits demand for clothing
Retail & High Street
The supermarket chain said sales grew by 2.8% compared to last year but that was slower growth than the previous quarter
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Billionaire Issa brothers name former BP executive as boss of EG America ahead of £2.3bn Asda deal
North West
John Carey will succeed George Fournier, who stepped back as EG America president in the fourth quarter of last year for personal reasons, before returning in the spring to support the business.
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How Asda kiosks are helping musicMagpie to grow as company adapts to the cost of living crisis
Retail & High Street
Reselling giant says CDs are proving surprisingly resilient
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Petrol station to be demolished to make way for Asda store - despite objections from local small shops
West Midlands
Councillors 'disappointed' at decision
Bookmark
musicMagpie hails Asda kiosks and rental success as it bounces back from tough start to the year
Retail & High Street
Group buying more technology from consumers through SMARTDrop Kiosks
Bookmark
Profits fall at billionaire Issa brothers' EG Group ahead of £2.3bn Asda deal
North West
The figures come after a deal worth more than £2bn which will see Asda acquire the majority of EG Group's UK and Ireland operations was confirmed at the end of May
Bookmark
Asda's £611m deal to buy the Co-op's petrol station business cleared
North West
Asda announced this week a new deal worth over £2bn to acquire the majority of EG Group's UK and Ireland operations
Bookmark
What Asda's £2.3bn deal means for prices, jobs and the future of EG Group
North West
BusinessLive has taken a look at the deal in depth and what it could mean for each company and their customers
Bookmark
Billionaire Issa brothers confirm Asda to buy UK operations of EG Group for over £2bn
North West
The deal is expected to be completed in the fourth quarter of 2023
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Billionaire Issa brothers to announce £10bn merger between Asda and EG Group
North West
Both EG Group and Asda are chaired by former Marks & Spencer and Ocado Group chair Lord Rose
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Asda issues statement after being accused of threats to cut pay of 7,000 staff
North West
Asda is owned by the billionaire Issa brothers and TDR Capital
Bookmark
GMB Union calls on Kemi Badenoch to intervene in Issa brothers' proposed £12bn merger of Asda and EG Group
North West
If a merger is completed, it would create a group with 581 supermarkets, 700 petrol forecourts and more than 100 convenience stores
Bookmark
Asda trials self-driving vehicles for home deliveries
Asda
Issa brothers' company testingthe technology at West London superstore
Bookmark
Profits dip at Asda as shoppers hit by cost-of-living crisis in first full year of ownership by billionaire Issa brothers
North West
The billionaire Issa brothers bought Asda alongside private equity backers TDR Capital in early 2021
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Billionaire Issa brothers make offer to get Asda's £600m Co-op deal approved amid £8bn Subway move
North West
In August 2022, the Co-op first revealed plans to sell its 132 petrol stations and attached convenience stores in a bid to bolster its finances
Bookmark
Asda's £600m deal to buy the Co-op's petrol stations 'could mean higher prices or less choice'
North West
The deal could now be referred to an in-depth phase two investigation by the CMA
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Billionaire Issa brothers’ EG Group in $1.5bn US property sale to slash debt
North West
The brothers also co-own Asda with TDR Capital
Bookmark
Asda announces 10% pay rise for over 115,000 staff in £141m move
Asda
The news comes after an 8% pay increase for hourly-paid retail roles during 2022
Bookmark
Asda to help create driverless hydrogen HGV with zero-emissions firm backed by billionaire Issa brothers
North West
A trial of the prototype is planned for September 2024
Bookmark
Asda puts almost 300 jobs at risk and plans to move over 4,000 workers to lower-paid roles
North West
The billionaire Issa brothers are also considering a £1bn merger of Asda and their EG Group
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