The additional €185m loan at ASDA will refinance the GBP300m SSNs maturing in September 2026. The SSN coupon is 4.5%, which will be

Allan Leighton has suggested that he may appoint a CEO who is not a traditional grocer, and the attached list has only one

ASDA will take time to turn around, but we still see significant equity under the bonds. The new Chair’s business plan will be published by

The departure of Stuart Rose as chair is a disappointment in the absence of a new CEO. However, Allan Leighton will take on an executive

ASDA is slowly clawing back the price support that has hurt margins (for all supermarkets), but there is still a lot of sensitivity to

ASDA is targeting to finish the implementation of its IT separation from Walmart by mid-February 2025. January will be a busy month

The loss of a senior executive to Morrisons before he even started work at ASDA is not a good look. However, the relative stability of Morrisons is

TDR is now formally the majority shareholder in ASDA having completed the acquisition of Zuber Issa’s 22.5% stake. The transaction

The new CEO is the appointment we are waiting for but

The till failure was limited and lasted only a short time, but ASDA needs to get on top of these glitches to avoid the

The departure of Mohsin Issa as ASDA CEO was expected, but the inability to get someone to take on the job is a puzzle. The separation of ASDA from

Mohsin Issa stepping down as CEO of ASDA was inevitable, with EG Group needing his attention. Stuart Rose (already the chair) will take over executive

The pay equality claim by ASDA staff is in court in early September, and the successful claim by Next staff will weigh on ASDA bonds. However, the case has