EG Group

Asda Q1 revenues fall 5.9% to £5bn

Asda has seen its total revenues fall 5.9% year-on-year to £5bn, excluding fuel, for the first quarter to 31 March,…

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Today’s news in brief-28/4/25

Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain…

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Asda co-owner Mohsin Issa steps down as EG Group CEO

EG Group has announced that co-founder Mohsin Issa will step down as chief executive, with current group chief financial officer,…

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Today’s news in brief-22/4/25

Marks & Spencer has apologised to customers after a technical glitch disrupted contactless payments and click-and-collect services over the Bank…

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Asda to open 25 convenience stores as part of turnaround strategy

Asda is reportedly getting ready to expand its convenience store footprint with 25 openings in new locations between June and…

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Today’s news in brief-27/2/25

Aldi is consulting on a head office restructuring plan that could put 350 jobs at risk, primarily affecting buying, finance,…

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EG Group profits surge 9% in FY24

EG Group has reported a 9% increase in EBITDA to $992m (£782.5m) in FY24 driven by significant contributions from its…

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Stuart Rose to lead Asda as Mohsin Issa steps back

Asda has announced that Mohsin Issa is set to step down from his executive responsibilities at the supermarket to focus…

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TDR Capital to become majority owner of Asda as Zuber Issa exits

TDR Capital is set to become the majority owner of Asda, announcing that it has agreed to acquire Zuber Issa’s…

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Today’s news in brief-21/5/24

Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths…

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