The Latest Breaking News from EG

Both sides of the deal claim it is not driven by the need to offload a large debt pile

BusinessLive has taken a look at the deal in depth and what it could mean for each company and their customers

Despite lingering macroeconomic headwinds, the energy sector is well-placed for significant growth this year. Sustained energy demand worldwide and constrained supplies are expected to boost oil and gas prices. Energy producers Marathon Oil (MRO) and Shell (SHEL) should benefit from the sector’s bright growth prospects. But which of these stocks…

Concerns raised over £770m of new loans and £450m in new funds from Issa brothers and TDR Capital

The supermarket has spent £2.7billion on the deal

Deal would help Asda move into convenience retailing and cut costs at merged entity by about £100m, as well as reduce EG’s debts

Supermarket is consulting about removing a 60p an hour supplement at 39 stores outside M25 despite the cost of living crisis

The Clover Group said the bar's focus will be on showing a range of sporting events blended with a great food offering

Companies featuring in this week's round-up include Bellway, Newcastle Building Society and Sage Foundation

The billionaires also own Asda separately to EG Group

EG Group said it will use the net proceeds to help repay debt