1. ITV Report

Hundreds of jobs to be cut at Asda HQ in Leeds

Asda has announced it will cut hundreds of jobs at its Leeds head office.

The cuts, which the chain said would be in the "low hundreds", come as the grocer is expected to post the worst sales figures among its major rivals for the key Christmas trading period.

Asda is to cut hundreds of jobs at its Leeds HQ Credit: Chris Radburn/PA

The industry's so-called Big Four players - Asda, Tesco, Sainsbury's and Morrisons - have seen prices fall for more than a year under pressure from discounters such as Aldi and Lidl.

The industry faces major challenges and the certainty of permanent structural change. In the context of this, we also have to further change the way we do business.

Today, we have started to talk to our colleagues in head office functions about what this means for them. We have made some difficult but necessary decisions but we must discuss these with our colleagues before we talk publicly.

– Asda spokesman

Analysts expect Asda to turn in quarterly like-for-like trading covering the Christmas period down by around 3.5%, compared with a year ago.