TDR Capital

Asda Raises £155m To Help Pay Down Debt

Struggling British supermarket group Asda has raised an additional loan of £155 million to help it pay back debt due in the next two years.

Asda Executive Chairman Steps Down

Stuart Rose, executive chairman of British retailer Asda, has stepped down from his role and will be replaced by veteran Allan Leighton.

Asda Says Chairman Rose To Lead Business As Issa Steps Back

Asda said its chairman Stuart Rose will take executive responsibilities of co-owner Mohsin Issa as he steps back from his leadership role.

Asda Returns To Profit In 2023 Despite Competition From Rivals

UK supermarket group Asda said on Friday it returned to a pretax profit in 2023 even though it lost market share to rivals in that period.

Asda Reports Slow Sales In First Quarter

Asda has reported that its underlying sales rose 1.4% in the first quarter, marking a slowdown from a growth of 2.2% in the previous quarter.

Asda UK Refinances Over £3.2b Of Debt

The UK’s third largest supermarket group Asda has refinanced over £3.2 billion of debt, pushing most of its maturities into the next decade.

Asda Reports A 24% Increase In Underlying Profit 2024

Asda reported a 24% rise in annual earnings that reflect a 7.1% rise in total sales from 2023, and added that it had cut its debt.

UK Regulator Clears Asda And Rival Co-Op's Fuel Deal

Britain's competition regulator said on Tuesday it had cleared supermarket group Asda's £611 million acquisition of Co-operative Group's Arthur Foods...

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Britain's Asda To Hire 15,000 Christmas Workers