Britain's Asda warns on profit

Asda says spending to cut prices will hit profits
Asda plans to spend more on reducing prices and improving product ranges for customers, but says its profits will suffer.
Britain's Asda warns on profit as it invests in turnaround
Struggling British supermarket Asda has warned that required investment in lowering prices and improving product availability and ranges will "materially reduce" profit this year, sending shares in rivals tumbling on fears of a step up in competition.
Asda warns on profit as it invests in turnaround
Struggling British supermarket Asda has warned that required investment in lowering prices and improving product availability and ranges will "materially reduce" profit this year.
Asda warns of material profit hit after ‘disappointing’ annual sales
Struggling UK supermarket Asda has warned of a material hit to profits this year as its new boss vowed to reinvest in the chain to attract shoppers back to its stores. Allan Leighton, who rejoined the business as executive chair in November,
Asda Forecasts Profit Hit as Grocer Invests to Win Back Shoppers
Asda is warning of lower profitability this year as Chairman Allan Leighton overhauls Britain’s third-biggest supermarket chain to win back customers.
Asda revival no ‘quick fix’ as supermarket spending drive to knock profits
Asda has warned major spending plans will eat into its profits, after pledging to cut the prices of thousands of products and revive its stores in a bid to win back shoppers from rivals. Returning boss Allan Leighton said it would not be a “quick fix” to get the supermarket chain back on a stronger footing.
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Asda’s Allan Leighton axes 6,000 SKUs and warns of major profit drop
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Asda: ‘It’s going to take time to rebuild’ says new boss
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Asda slashes fuel prices by 4p per litre in major boost for drivers
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Asda delivers 'disappointing' sales as bosses plan significant investment
Asda has warned major spending plans will eat into its profits, after pledging to cut the prices of thousands of products and ...
Tesco, Asda and TK Maxx shoppers told to return products due to 'risk'
A number of products have been recalled this month. Product recalls are issued when a product has a potential or confirmed ...