Mohsin Issa’s EG Group has paid off hundreds of millions of pounds in debt in its latest attempt to shore up its finances. The petrol station empire said it had cleared its immediate debt ...

Profit at EG Group, the empire co-founded by a major investor in Asda, has almost been wiped out ahead of a planned $13bn float in New York.

Petrol station entrepreneur Mohsin Issa has stepped aside from his executive role at Asda, ... The decision comes after TDR acquired the 22.5% Asda stake held by Zuber Issa, Mohsin’s brother, ...