insiders highlight the frequency with which Walmart extracted billions of pounds in dividends from its UK outpost over the years. “They treated it as a cash cow,” one Asda source said.

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?

Walmart says it may sell a majority stake in Asda, its UK supermarket, after "inbound interest" in the idea. The US retail giant said it was talking to a "small number of interested parties" about ...

Should Asda fail to complete its IT overhaul by February, the UK supermarket could face a "multi-million pound" fine. As reported by The Telegraph, concerns are rising that Asda may not complete its ...

Asda has simultaneously abandoned a scheme, introduced last January, that matches the prices of discounters Aldi and Lidl on ...

Asda has kicked off the year no retailer wants to, with its worst Christmas since 2015 and a redundancy round.

Struggling Asda is threatened ... made Project Future one of his top priorities. He subsequently handed control to Lord Rose, who confirmed the prospective Walmart penalty charge in an interview ...

The business clearly needs strong leadership and as one former Asda senior executive ... It has been a painful divorce from Walmart for Asda’s IT systems and failures have plagued the grocer ...