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

Leighton said profits will be 'materially' lower this year as he prepares to plough millions of pounds into a turnaround plan ...

In January, Asda relaunched its Rollback programme, with an average price reduction of 25 per cent across 4,000 products, ...

Like-for-like sales at the supermarket giant fell by 3.4 per cent year on year, while revenue dipped 0.8 per cent to £21.7bn.

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 ...

Asda’s new chairman has admitted the supermarket is “struggling” as he warned profits would tumble amid a spending spree on ...

Asda has been grappling with shrinking sales in an increasingly competitive market as well as availability problems and declining store standards. Its grocery market share fell to 12.6 per cent in ...

The company stated that the move “re-affirms its position as the best value fuel retailer in the UK”. Prior to its takeover by TDR Capital and the Issa brothers, Asda had long been regarded as the ...

Shoppers are set to be big winners as Asda signalled a new price war as its new top boss promised to revive the ailing chain ...

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