EG Group

Morrisons nears £2.5bn sale of forecourt business

Morrisons is reportedly close to agreeing a deal to sell its forecourts business to Motor Fuel Group (MFG) in a…

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Asda to roll out 21 new stores by the end of January

Asda has announced that it will be adding 21 new convenience stores to its estate by the end of this…

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Today’s news in brief-5/1/24

Asda and Usdaw have signed a collective bargaining agreement, enabling the union to represent hourly-paid employees in convenience stores and…

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Asda and Usdaw sign collective bargaining agreement

Asda and Usdaw have signed a collective bargaining agreement that will see the union represent hourly-paid employees in the convenience…

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Today’s news in brief-30/11/23

Castore has successfully secured a £145m investment in a funding round led by Raine Partners. This investment aims to further…

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EG Group EBITDA falls to $345m in Q3 following Asda acquisition

EG Group, the global food services and petrol forecourts operator, has revealed that its EBITDA dipped 18% to $345m (£272m)…

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Today’s news in brief-15/11/23

Central Group, a Thai conglomerate and co-owner of Selfridges, has reportedly become the largest shareholder by converting a €364m loan…

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Asda cuts debt as Q3 sales slow

Asda has announced that it has shaved £300m off its debt pile during the third quarter of the year while…

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Today’s news in brief-1/11/23

Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial £2bn. This strategic…

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Asda acquires EG Group’s UK business for £2bn

Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn.  The move has seen…

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