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Asda FY25 losses near £1bn


By Goran Nastic

Asda’s losses widened sharply in 2025 as aggressive price reductions, restructuring costs and falling sales pushed the supermarket deeper into the red during the early stages of its turnaround plan.

The UK’s third-largest supermarket reported a pre-tax loss of £989m for the year, up 65% from a £599m loss in 2024 and one of the company’s largest annual losses in recent history


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PPHE shares fall as Fattal talks end

Shares in PPHE Hotel Group have fallen by over 16% after the firm confirmed that acquisition talks with the Israeli hotel group, Fattal, have closed

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Intertek agrees to £10.7bn acquisition offer from EQT

Intertek has agreed to a takeover offer from the Swedish private equity firm, EQT, for an enterprise value of £10.7bn.

The offer for the FTSE 100 product testing and certification company comprises £60 in cash per Intertek share and £1.07 as a final dividend payment

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Marks Electrical revenue and profits fall in challenging year

Marks Electrical reported lower revenue and earnings for the year to 31 March despite an improved second half performance

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Tesco growth slows following ‘exceptionally strong’ prior year

Tesco has recorded 1% year-on-year sales growth in the 13 weeks to 30 May, totalling £16.8bn

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Whitbread reports stronger Q1 as new strategy gathers pace

Premier Inn owner Whitbread delivered a strong start to its financial year, reporting 2% growth in group sales to £727m as trading improved across both its UK and German hotel operations, a key strategic focus for the company

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Bank of England base rate held at 3.75%

The Bank of England (BoE) has announced that interest rates will be held at 3.75%, the lowest bank base rate (BBR) since February 2023

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Barratt Redrow appoints Rebecca Napier as CFO

Barratt Redrow has appointed Rebecca Napier as CFO and executive director, with the former Britvic finance chief set to join the housebuilder, which is in the final stages of integration, on 3 August

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FCA closes Drax investigation without action

Energy group Drax has been cleared by the Financial Conduct Authority (FCA) after the regulator closed its investigation into the company’s historical disclosures on biomass sourcing without taking further action

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CMA clears ABF-Hovis merger

The Competition and Markets Authority (CMA) has approved Associated British Foods’ (ABF) planned acquisition of Hovis following an in-depth phase two investigation.

The regulator said the deal does not raise competition concerns because ABF’s bakery business would likely leave the market if the transaction did not proceed.

PZ Cussons shares soar as it increases guidance

PZ Cussons has seen its share price jump by over 12% after it upgraded its operating profit guidance for the 2026 financial year
Jaguar Land Rover eyes US luxury market and moves to 'greater propulsion flexibility'

Jaguar Land Rover (JLR) has unveiled plans to accelerate growth by expanding propulsion choices across its vehicle range and increasing its focus on North America, as the luxury carmaker targets double-digit revenue growth despite a more cautious outlook for profitability
Energy sector pension scheme completes £55m buy-in with Canada Life

An energy industry pension scheme has completed a £55m buy-in transaction with Canada Life, securing the benefits of more than 250 pensioners and 450 deferred members


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