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The Latest Breaking News from Stuart Rose

‘Trumpflation’: how the Iran war’s economic storm could affect Britons

Yet another cost of living crisis looms with fuel, food, holiday, energy and home loan prices expected to rise

The Guardian - UK

‘A serious disappointment’: Labour has to regain business sector’s confidence at conference

After being promised last year they could ‘partner’ with party on policy, many executives are asking what happened

The Guardian - UK

Lord Sugar tells London workers to 'get bums back into the office'

Amazon, Boots and JP Morgan are just some of the major employers stepping up pressure to get staff back in the office

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

How do we end the WFH culture wars? I have the answer

Those who work from home and their office-based colleagues need to understand each other better – and that starts with language. Here’s my new corporate glossary

The Guardian - UK

Working from home is ‘not doing proper work’ says former Asda boss

Lord Stuart Rose told the BBC that working from home was helping stoke the economy’s “general decline”

The Independent UK

Former M&S boss says working from home is ‘not doing proper work’

WFH has harmed employee productivity, says Stuart Rose, who was also executive chair of Asda

The Guardian - UK

In no great rush to get back to the office? UK home workers may not have a choice

Supermarket chain Asda has joined the growing number of firms demanding staff return to the workplace. Does this signal the end for remote working or is it a new battle line?

The Guardian - UK

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Asda boss says £100m hit from Labour budget could affect wages and hiring

Shares in UK retailers fall as investors digest Rachel Reeves’s changes to NICs and tax thresholds

The Guardian - UK

Asda boss warns of £100m hit from ‘big burden’ Labour Budget

Asda’s chairman said he would try not to pass extra costs on to consumers, but ‘you can’t deny it will probably be inflationary to some degree’.

Evening Standard

Asda pays the price for big debt and turmoil in the boardroom

With its shelves emptying and its billionaire owners in retreat, the struggling retailer has had to call in its veteran chair as chief executive

The Guardian - UK

Stuart Rose gets hands-on at Asda. This can’t have been plan A

Awkward interregnum in which former M&S boss is taking charge sums up chaotic progress since purchase from Walmart

The Guardian - UK

Former M&S boss Stuart Rose to run struggling Asda as co-owner steps back

Lord Rose is chair of supermarket and will take over day-to-day duties from Mohsin Issa

The Guardian - UK

Asda owners under pressure as chain’s share of market hits ‘new nadir’

Sales fell 6.4% in the three months to 10 August as chain becomes the only one of the big four to see sales drop

The Guardian - UK

Union calls for urgent action to protect jobs as Asda ‘fights for survival’

GMB accuses owner TDR Capital of mismanagement as sales at supermarket fall 6%

The Guardian - UK

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Evening Standard

OPINION - Marks and Spencer have turned it round completely — and this is how

In January 2008, Jeremy Paxman wrote an angry letter to then Marks and Spencer boss Sir Stuart Rose about the state of his pants. They were letting him down. The Newsnight presenter said: “I’ve noticed that something very troubling has happened. There’s no other way to put this. The pants…

Evening Standard

M&S boss Stuart Machin may be on course to deliver £1bn profits — and earn himself a knighthood

City Comment: City analysts missed the spark in the early Machin era

Daily Mirror

Asda bosses enjoy flash cars and private jets as drivers suffer at the pumps

A neighbour in Blackburn – where the Asda owners live at mansions in a gated complex – told how they spotted Zuber Issa in a black Rolls Royce and Mohsin at the wheel of a top-of-the-range Land Rover

Insider UK

‘No price hikes’ in supermarket as Asda buys petrol station operator for £2.2 billion

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

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Birmingham Post

What Asda's £2.3bn deal means for prices, jobs and the future of EG Group

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

Manchester Evening News

Asda to buy group founded by billionaire Issa brothers for over £2bn

Mohsin and Zuber Issa started out with a single petrol station forecourt in Bury, Greater Manchester more than 20 years ago

The Guardian - UK

Asda to buy petrol stations group EG UK as it aims to overtake Sainsbury’s

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

Birmingham Post

Billionaire Issa brothers confirm Asda to buy UK operations of EG Group for over £2bn

The deal is expected to be completed in the fourth quarter of 2023

The Independent UK

Brexit is doomed, says Boris Johnson’s favourite paper

‘The project is probably now unsalvageable’, says former PM’s old employer

The Independent UK

UK suffering from ‘catastrophic’ impact of Brexit, says Asda boss

‘Trust me – I can smell it – we have suffered’, says Tory peer Stuart Rose

Evening Standard

A plea for clarity from former M&S boss Stuart Rose

City Comment: A clear runway is needed to get the UK out of a stew

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