Asda gloomy about 'challenging' 2015

Supermarket chain Asda says that 2015 could be the most "challenging year yet" for the big supermarkets. Asda's year has already got off to a weak start with a 3.9% fall in like-for-like sales in the first quarter.

Asda sees sales fall as 'shockwave' hits supermarkets

Sales at Asda have fallen, hit by what the retailer called "a shockwave" in the supermarket sector. Asda, which is owned by US grocery giant Wal-Mart, said sales at stores open more than a year were 1.6% lower in the third quarter, compared with the previous three months.

Asda reports increase in sales and market share

Asda said sales for the last 10 weeks increased and the supermarket also improved its market share.

Wal-Mart blames cold weather for fall in profits

The world's largest retailer, Wal-Mart, has reported a fall in profits due to particularly cold winter weather.

Wal-Mart reports fall in quarterly profits

The world's largest retailer, Wal-Mart, has reported a 22% drop in quarterly profit and given a weaker-than-expected earnings forecast for the coming year.