Asda's billionaire bosses proceeded with a payroll switch despite knowing it would cause a crisis. Major Cheshire retailer reports a significant multi-million pound profit surge. Tesco's CEO Ken Murphy to receive a £10m pay. Ex-Smiths chief to get a pay bump after leaving FTSE for a smaller US group. Asda's profits soar with a 24% increase in annual earnings to $1.24 billion, attributing success to its loyalty scheme despite losing market share.
Asda reported a 24% rise in annual earnings that reflected a 7.1% rise in total sales for Britain's third biggest supermarket group, which said it had also cut its debt. Read more: https://t.co/qBQuXkooJj https://t.co/Wtj8lr2NQ6
Asda, Britain's third biggest supermarket group, reported a 24% jump in annual earnings to $1.24 billion, saying it was making strategic progress despite losing market share to rivals https://t.co/B0hN98ZRSr https://t.co/QBFrFvaRxw
Asda saw profits rocket in 2023, with its hugely popular loyalty scheme being credited for boosting sales. https://t.co/BFhey66wnC
UK supermarket Asda profit tops 1 bln stg despite market share loss https://t.co/mLuVp5vYbg https://t.co/7ukQRQBzVM
Asda grows profit as loyalty Rewards scheme drives sales https://t.co/5ZsyQQyxuH
🇬🇧 Asda bosses ‘knew IT changes would leave staff underpaid’ https://t.co/8LV7suWuXp
🇬🇧 Tesco chief executive Ken Murphy set for record-breaking £10m pay day https://t.co/wXRQfBMgUW
🇬🇧 Asda bosses warned payroll switch could cause problems, report claims https://t.co/UsDnce1A2t
Ex-Smiths chief set for pay bump after quitting FTSE for smaller US group https://t.co/0jbyei9Rcs
🇬🇧 Tesco boss Ken Murphy to pocket £10m in pay https://t.co/mDYPSrNdpt
🇬🇧 Major Cheshire retailer reports impressive multi-million pound profit surge https://t.co/3ZeVa3ydCY
🇬🇧 Asda's billionaire bosses knew payroll switch would spark crisis https://t.co/MedpIfAeYY
🟢 Asda’s billionaire bosses knew payroll switch would spark crisis – but went ahead regardless https://t.co/aRWvivYjAJ