Asda, a major supermarket in the UK, is facing financial challenges as it seeks to raise £2.6bn to refinance its debt burden and promises to cut a £3.8bn debt pile. The finance chief dismisses talk of a sale amid ownership shake-up while an executive expects price rises to slow. Meanwhile, Ocado is growing faster than other supermarkets in Britain, aiming to reverse losses and considering a potential stock listing move. Grocery price rises in Great Britain are slowing down, with British grocery inflation dipping to 3.2% according to Kantar. Middle-class shoppers are returning to Ocado, but Asda is struggling with sales slipping and being the only Big Four supermarket to suffer a fall in sales.
🇬🇧 Asda only Big Four supermarket to suffer fall in sales https://t.co/rRb7mJ5AVe
🇬🇧 Grocery shoppers still hunting bargains as inflation falls again https://t.co/3hsLbFU1LQ
🇬🇧 Middle class shoppers flock back to Ocado but Asda reels as sales slip https://t.co/Zi6thfmTJR
Grocery price rises in Great Britain slow as cost of toilet rolls, butter and milk falls https://t.co/gZ7nw2sxLX
British grocery inflation dips to 3.2%, says Kantar https://t.co/U4zFqR2m60 https://t.co/BXzlo3rSAw
Ocado grew faster than Britain’s major supermarkets as it tries to reverse losses that have fueled chatter around a potential stock listing move https://t.co/W1Ssk4ItbO
🇬🇧 Struggling Asda promises to cut £3.8bn debt pile https://t.co/bVoX5fID6Q
🇬🇧 Asda executive expects price rises to slow https://t.co/KnxfH112vV
🇬🇧 Asda seeks to raise £2.6bn to refinance debt burden https://t.co/7qjJenBy9n
🇬🇧 Asda finance chief dismisses talk of sale amid ownership shake-up https://t.co/VRr6ApYlji