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The Latest Breaking News from Allan Leighton

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

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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

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

The Guardian - UK

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

Evening Standard

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

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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

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

The Guardian - UK

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.

Evening Standard

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?

Fortune

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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

Evening Standard

Who will survive the brutal new supermarket price wars?

Allan Leighton has little choice, other than to attempt to revitalise Asda and turn the rusting super tanker around. If anyone can, he can

The Guardian - UK

‘Asda turnaround could take three to five years’: Allan Leighton returns to run retailer

Exclusive: The 71-year-old, who left in 2000, says he has three priorities to revive the supermarket chain for a second time

The Guardian - UK

What’s in store for returning Asda boss Allan Leighton?

The ex-CEO turned the troubled supermarket around once before. Now he faces a new battle, from sorting retail basics to rebooting IT

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The Guardian - UK

Former Royal Mail chair apologises for ‘tragic’ Post Office prosecutions

Allan Leighton denies having received any warnings that the Horizon IT system was unreliable

The Guardian - UK

Is running Royal Mail the most impossible job on the FTSE?

As Simon Thompson resigns, leading the 507-year-old postal business looks increasingly like a poisoned chalice

The Guardian - UK

Co-op expects fall in profits amid ‘turbulent economic headwinds’

Warning for year ahead comes as profits fall 11% at grocery arm but remain steady across rest of group

Insider UK

BrewDog chair hits out at HR consultancy for 'fuelling the fire'

Brewery says it will now not be engaging in the proposed employee reconciliation programme

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