Weather Tonight: 8°c Mostly cloudy Morning: 10°c Cloudy

Business

Asda wants expansion rules eased

17 Feb 2009


ASDA today called on the Government to overhaul planning rules to make it easier to expand in deprived areas.

The supermarkets group, owned by US giant Wal-Mart, says it is hindered by regulations that prevent it from building new stores in areas that need more competition.

The call came as Asda unveiled a 7.2% rise in like-for-like sales in the last three months of 2008. All supermarkets have done well from the recession but Morrisons and Asda are top of the pile.

Chief executive Andy Bond said: “We are ready to invest in dozens of deprived areas up and down the country, places that would benefit from our low prices and investment into their communities. But the planning system works against us.”

Reader views (0)

 Add your view

No comments have so far been submitted.


Add your comment

 

Terms and conditions Make text area bigger You have  characters left.

We welcome your opinions. This is a public forum. Libellous and abusive comments are not allowed. Please read our House Rules.

For information about privacy and cookies please read our Privacy Policy.


 

 

  • Moody's threat to Europe's banks sparks fury in City Euro problem graph Moody's has sent shockwaves through the global banking system and sparked fury in the City, as the ratings agency threatened to slash the...
  • Bank's China bond call Peter Sands One of London's most senior bankers is calling on the government to issue a renminbi-denominated bond as part of a charm offensive to boost...
  • Seven Olympus bosses held over £1bn fraud Olympus "After going to hell and back this is a day to remember," said fired Olympus boss and whistle-blower Michael Woodford after seven executives...
  • Spain pays for rating cut Struggling Spain has managed to prise another €4 billion (£3.3 billion) from jittery bond markets today but was forced to pay more for the privilege
  • Kingfisher bonus time as targets are smashed B&Q Ian Cheshire, B&Q owner Kingfisher's chief executive, and his top team are set for bumper payouts after smashing its bonus scheme's targets
  • Greek impasse hits euro Greek protesters European stock markets were jittery and the euro has dropped to its lowest level in four weeks as the brinksmanship between Greece and its...
  • PPR thrives as luxury brands remain strong Handbag Add £1000 python skin Gucci handbags to the list of things that remain popular despite the economic gloom
  • BAE set to axe more jobs as profits go into retreat BAE BAE Systems has raised the prospect of further job cuts as Britain's biggest manufacturer announced a disappointing set of results for 2011...
  • Reed Elsevier sees growth despite tough economy Anglo-Dutch publishing and events group Reed Elsevier reported a rise in full year profit and said it expected to generate more revenue and profit growth in 2012
  • Frothy profits at Heineken Beer The economy might be in dire straits but Brits still love a pint down the pub
  •  
    Market Roundup
    THURSDAY UPDATE

    Unilever urged to go for a break-up after food disappoints

    Is it time for Unilever to consider breaking up?

    More