‘Supermarket share price rout is testament to Asda’s turnaround potential’

George MacDonald

Asda is no spent force, but rival grocers’ share price clobbering sparked by the fear of price wars looks overdone, believes George MacDonald

Supermarket share prices were sent into a tailspin this week for what just months ago would have seemed an unlikely reason—the serious prospect of an Asda revival.

 

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