Tills to turnover: Asda reports increase in quarterly sales

Walmart-owned supermarket Asda has notched up another rise in quarterly sales, but the speed of growth was pegged back by the timing of Easter. The firm, which is readying itself for a mega-merger with rival Sainsbury’s, booked a 0.4 per cent increase in like-forlike sales in the three months to the end of June. The figures represent the fifth consecutive quarter of positive sales growth, but it marks a slowdown from the 3.4 per cent recorded in the first three months of the year, attributed to the early timing of Easter.