Asda boss warns over food price caps as EG Group deal sealed
Chairman Stuart Rose warns of “unintended consequences” if supermarkets impose price caps on basic food. …
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said the idea behind the tie-up was that “by being super-competitive on petrol, Asda may win more grocery custom from rivals at a time when grocery top-ups are all the rage, rather than dedicated weekly shops”.
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