Asda warned of ‘red flags’ after Christmas sales slump sparks bond sell-off

Asda hit by sell off after Christmas sales slump

Source: Asda

Asda’s bond price reached a new low following disastrous Christmas results, where it was the only major supermarket to lose sales

Asda has been hit by a major bond sell-off, after its Christmas sales slump sparked “red flags” among investors losing confidence in Allan Leighton’s turnaround plan.

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