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.

Sainsbury’s to splash out £150m on price cuts as it slumps to first-half loss

Sainsbury’s has slumped into the red after taking a one-off charge of £628m to pull out of building 40 new supermarkets and downgrading the value of 40 underperforming stores, just a year after writing off plans for 15 new supermarkets at a cost of £92m.