Asda says it is being forced to pass price fluctuations on to consumers

Asda Boss calls for business rate action

In the latest in a series of interviews with ITV News Business Club members, I hear Asda boss Andy Clarke's take on fixing the economy.

Live updates

Asda fuel cut could spark supermarket price war

Asda is reducing the price of its petrol by up to 2p a litre.
Asda is reducing the price of its petrol by up to 2p a litre. Credit: PA

Asda could spark a supermarket price war by cutting the cost of its fuel.

From tomorrow, Asda is reducing the price of its petrol by up to 2p a litre, with diesel coming down 1p a litre.

This means that drivers filling up at Asda will pay no more than 124.7p a litre for petrol and 128.7p for diesel - the lowest prices since January 2011.

Asda petrol director Andy Peake said: "It now costs £6 less than last summer to fill up a family car with fuel, meaning we're putting much-needed cash back in drivers' pockets for those bank holiday ice-creams."

Prime Minister befriends baby during Asda walkabout

Prime Minister David Cameron met one-year-old Luca during a walkabout in Asda this morning. Lucas appeared to want to give Mr Cameron his Easter Bunny balloon.

More: David Cameron hails new Asda supermarket jobs

The pair appeared to get on very well, and when his mother handed him over to take a picture, she joked she was off to do her shopping, happy to leave him in the Prime Minister's apparently capable hands.


Walmart CEO: Seismic shift in retail market underway

Supermarket giant Asda is bringing real value to more customers in the UK, the president and chief executive of the store's US parent company Walmart said, after it announced it would create 12,000 new jobs over the next five years. Doug McMillon said:

It has been a pleasure to meet with the Prime Minister today and reaffirm Walmart's commitment to investing in the UK.

A seismic shift in the structure of the retail market is under way - not just in the UK but right across the world.

Asda recognised the change in its market and took early action to develop and implement a strategy that will see it grow - creating more new jobs and bringing real value to more customers in the UK.

David Cameron hails new Asda supermarket jobs

David Cameron said today he is "delighted" by supermarket giant Asda's plans to create 12,000 new jobs over the next five years.

David Cameron visits an Asda supermarket, pictured in 2008. Credit: PA

The Prime Minister who was visiting one of Asda's stores in south London, said: "Supporting business, creating jobs and cutting taxes are all part of our long-term economic plan.

"I am delighted that Asda is continuing to invest heavily in the UK, creating another 12,000 jobs that will give people financial security for the future."

Read: Asda to create 12,000 jobs in next five years

Tax changes please Asda boss 'but they're not this year'

Asda chief executive Andy Clarke told ITV News he was "pleased" taxation changes were revealed in today's Budget, but noted that they would not happen this year.

Mr Clarke said: "Changes in taxation that affect customers and business has a positive effect on the company, we're pleased to see some level of tax change - but it's not in this year. These are taxation changes that are going to happen in the future.

"That's good to see, directionally it's good, but for people who shop in our stores and families around Britain it's what they are going to see from tomorrow."


Scuffles in the scramble for 'Black Friday' discount TVs

There were chaotic scenes in an Asda store in Colindale, north London today as shoppers fought to get their hands on discounted TVs in the "Black Friday' sale.

Customers scrambled and pushed to snatch cut-price deals as part of "Black Friday" in frenzied scenes seen across the UK.

A woman was reportedly taken to hospital with a suspected broken arm after a stampede at one shopping centre in west Belfast.

The traditional US event usually takes place on the Friday following Thanksgiving and marks the beginning of the Christmas shopping season.

Read: Shopper restrained after 'Black Friday' row

Asda donate £25,000 to Mind after outfit row

Chief executive of mental health charity Mind Paul Farmer said that Asda will donate £25,000 to the organisation after selling a 'mental patient' fancy dress costume.

The official Twitter account of Mind wrote:

Read: Asda 'deeply sorry' for selling 'mental patient' fancy dress costume

Read: Tesco removes 'Psycho Ward' fancy dress costume

Mind: Asda's costume 'staggeringly offensive'

Asda have shown themselves to be extremely misguided with their ‘mental health patient’ fancy dress costume.

It is staggeringly offensive to the one in four of us affected by mental health problems and our families and friends, and troubling that some businesses are still so out of touch with the public mood.

However it is encouraging to see the groundswell of outcry on Twitter and that our voices are being heard.

We hope this will urge Asda as well as other retailers and manufacturers to review their processes and consider taste and decency on mental health grounds, to avoid fuelling stigma and discrimination that are so damaging for large numbers of the population.

– Sue Baker, Director of Time to Change, run by Mind and Rethink Mental Illness

Read: Asda 'deeply sorry' for selling 'mental patient' fancy dress costume

Read: Tesco removes 'Psycho Ward' fancy dress costume

Tesco removes 'Psycho Ward' fancy dress costume

A Tesco spokesperson told ITV News they have removed a fancy dress costume called "Psycho Ward" from their website and apologised "for any offence caused".

The website sells a costume called 'Psycho Ward'. Credit: Tesco

A spokesperson said: "We're really sorry for any offence this has caused and we are removing this product from sale.”

Read: Asda 'deeply sorry' for selling 'mental patient' fancy dress costume

Load more updates


Today's top stories