Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1711
    +0.0017 (+0.15%)
     
  • GBP/USD

    1.2621
    -0.0002 (-0.01%)
     
  • Bitcoin GBP

    55,658.50
    +429.97 (+0.78%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,387.26
    +219.19 (+0.55%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

Walmart puts partial sale of UK's Asda on hold due to coronavirus crisis - source

LONDON, April 2 (Reuters) - Walmart, the world's largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus crisis is over, said a person familiar with the situation.

The U.S. group had said in February it was talks with possible buyers of a stake in Asda, which it failed to combine with UK rival Sainsbury's last year.

However, Walmart has now paused the process so that Asda Chief Executive Roger Burnley and his leadership team can fully focus on responding to the current health emergency. (Reporting by James Davey, Editing by Franklin Paul)