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The Latest Breaking News from Allan Leighton

Asda hits out at government for ‘killing confidence’ among consumers

But supermarket blames ‘self-inflicted’ IT problems that left gaps on shelves for 3.7% drop in sales

The Guardian - UK

Asda recovery ‘set back six months’ by botched IT upgrade

Disruption from the IT transition led to ‘inconsistent availability levels across stores and particularly online’, the supermarket chain said.

Evening Standard

Asda to raise £568m in store sell-off as sales continue to fall

Supermarket still losing market share despite effort under Allan Leighton to win over customers with price cuts

The Guardian - UK

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'Stop taxing everything': Big business bosses warn Chancellor Rachel Reeves ahead of Budget

Asda chairman Allan Leighton said the Treasury should invest in Britain rather than ‘taxing everything in some way, shape or form’

Evening Standard

Asda chairman issues inflation warning to Rachel Reeves

IN FULL

The Independent UK

Asda boss urges Rachel Reeves to ‘stop taxing everything’

Allan Leighton advises chancellor to not launch new tax raid in upcoming budget but invest in Britain if she wants to grow the economy

The Independent UK

Asda says new business taxes mean customers are ‘feeling it’ at the till

Discounter to invest in keeping prices down and putting more staff on the shop floor as it reports drop in sales

The Guardian - UK

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Asda says product availability in shops knocked by major IT upgrade

Asda boss Allan Leighton said he has seen a ‘clear improvement’ in performance at the UK’s third-largest supermarket chain.

Evening Standard

Product availability in major supermarket knocked by IT upgrade

ASDA has said recent sales have been knocked by “temporary disruption” to product availability following its delayed IT systems upgrade

The National (Scotland)

Asda is still misfiring in supermarkets’ non-existent price war

With sales and market share shrinking, the notion that the chain could imperil Tesco and Sainsbury’s always felt fanciful

The Guardian - UK

Asda owner slumps to near £600m loss as sales fall

Group battles heavy debts and problems transferring IT systems from former parent Walmart

The Guardian - UK

Tesco to shed light on sales as ‘awful April’ bill hikes squeeze budgets

The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday.

Evening Standard

Asda unlikely to see growth before year-end at earliest, says supermarket boss

Sales at UK’s third largest supermarket fell 3.1% in four months to April, as rival Aldi announces big expansion

The Guardian - UK

Asda boss says ‘long way to go’ in turnaround as sales fall further

The retailer previously said it could take between three and five years to get fully back on track.

Evening Standard

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The Guardian - UK

UK supermarkets spend hundreds of millions on promotions in price war

Nearly 30% of total spending by biggest chains over four weeks was on special offers and discounts, says Kantar

Evening Standard

Tesco declares new supermarket price war to see off threat from Asda revival

Supermarket giants says it want “flexibility and firepower” to respond to current market conditions

The Guardian - UK

Asda cuts prices on 1,500 products in effort to halt sales slide

Supermarket to ‘invest in lowering prices across rest of year and beyond’ as it intensifies price war with rivals

The Guardian - UK

Why does Asda terrify stock market investors?

Markets could be overreacting to supermarket price war fears as Tesco, Sainsbury’s and M&S shares slide

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The Guardian - UK

Tesco, Sainsbury’s and M&S shares take £4bn hit amid Asda price war fears

Asda claims to have ‘pretty significant war chest’ but analyst says it is unclear if it can commit to months of cuts

The Guardian - UK

Asda to invest in price cuts to battle drop in sales and market share

Supermarket chain’s sales drop 1% to £21.7bn despite food price inflation of 3% for most of 2024

Evening Standard

Asda revival no ‘quick fix’ as supermarket spending drive to knock profits

Asda, which is the UK’s third-largest supermarket, launched a turnaround plan under new boss Allan Leighton.

Evening Standard

Moody's sounds alarm on Asda's credit rating as sales and market share slump again

Veteran retailer Allan Leighton has vowed to “restore Asda’s DNA” after taking over as chair in November

Evening Standard

Asda brings back Rollback pricing in bid to reverse flagging fortunes

The supermarket, which saw sales fall in the run up to Christmas, has slashed the prices of more than 4,000 products in store and online.

Fortune

Has Asda's painful divorce from Walmart led to its terminal decline, or can boss Allan Leighton turn the grocer around?

With falling sales and new boss Allan Leighton saying the turnaround 'could take 3-5 years', what does the Leeds-based business need to do to avoid a terminal decline?

The Guardian - UK

Former M&S boss says working from home is ‘not doing proper work’

WFH has harmed employee productivity, says Stuart Rose, who was also executive chair of Asda

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