Advertisement
UK markets close in 4 hours 6 minutes
  • FTSE 100

    8,089.28
    +48.90 (+0.61%)
     
  • FTSE 250

    19,699.25
    -20.12 (-0.10%)
     
  • AIM

    754.75
    +0.06 (+0.01%)
     
  • GBP/EUR

    1.1663
    +0.0018 (+0.16%)
     
  • GBP/USD

    1.2512
    +0.0050 (+0.40%)
     
  • Bitcoin GBP

    50,960.25
    -2,106.78 (-3.97%)
     
  • CMC Crypto 200

    1,350.71
    -31.86 (-2.31%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.93
    +0.12 (+0.14%)
     
  • GOLD FUTURES

    2,341.20
    +2.80 (+0.12%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,949.86
    -138.84 (-0.77%)
     
  • CAC 40

    8,015.98
    -75.88 (-0.94%)
     

Sales at Britain's Asda deteriorate further, down 4.7 pct

LONDON, Aug 18 (Reuters) - Sales at Wal-Mart's British supermarket Asda fell for a fourth straight quarter on Tuesday, down 4.7 percent to confirm its position as the weakest performer in a sector hammered by the growth of discount retailers.

Asda, which trails UK market leader Tesco (Xetra: 852647 - news) by annual revenue and is battling with Sainsbury (Amsterdam: SJ6.AS - news) 's to be Britain's No. 2 grocer, said sales at stores open over a year fell 4.7 percent in the 11 weeks to June 30, its fiscal second quarter.

That compares to a fall of 3.9 percent in the first quarter, which was its worst decline in over five years. (Reporting by James davey, writing by Paul Sandle; editing by Kate Holton)