Asda’s recovery » has continued with sales up 2% in the three months to the end of September. It marked the sixth quarter in a row – equivalent to 18 months – of growth in what boss Roger Burnley called a “challenging market”. Asda is waiting to hear the provisional findings of the Competition and Markets Authority into its proposed merger with rival grocery chain Sainsbury’s.
FLOP Cineworld shares were hit despite film’s success Movie chain Cineworld proved a stock market flop yesterday after UK sales slowed. TakingsIreland here and in are up just 2% despite this a boost year, from Mamma Mia! Here We Go Again, Incredibles 2 and Bohemian Rhapsody. Better US takings helped boost group sales by 10%, but investors weren’t impressed as its shares dropped 5.7%.