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The Latest Breaking News from TDR

MPs raise concerns over Asda’s link to app offering high-interest loans to staff

Retailer’s owner has stake in Wagestream, which offers workers loans of up to £25,000

The Guardian - UK

Why does Asda terrify stock market investors?

Markets could be overreacting to supermarket price war fears as Tesco, Sainsbury’s and M&S shares slide

The Guardian - UK

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

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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

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

Asda-owning Issa brothers divide their empire as Zuber sells supermarket stake

Union warns of risks to shoppers and staff after sale of younger brother’s 22.5% stake to private equity co-owner TDR Capital

The Guardian - UK

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Billionaire Issa brother nears deal to sell Asda stake to TDR Capital

Zuber Issa began talks earlier this year about selling his stake in Asda, and plans to step back as co-chief executive officer of EG Group

Evening Standard

BJP seeks probe into ‘TDR bond scandal’ in Kakinada

Kakinada BJP demands probe into alleged scandal surrounding release of ₹500 crore TDR bonds by KMC for civic projects.

The Hindu

TDR Capital's phantom menace

The co-owners of Asda, private equity firm TDR Capital, got a grilling before Parliament on Tuesday. They sought to convince the Business and Trade Committee that they were maximally transparent with the business — even though most of their activities are based in Jersey where they don’t have to disclose…

Evening Standard

Asda issues statement after being accused of threats to cut pay of 7,000 staff

Asda is owned by the billionaire Issa brothers and TDR Capital

Birmingham Post

Karnataka: New TDR policy on the anvil for Bengaluru

BENGALURU: The state government is preparing a new transfer of development right (TDR) policy for Bengaluru considering the poor revenue generation by the civic agencies in the city.

The Times of India

Asda owners may be on brink of backing out of bid for Boots over price disagreement

Walgreens has been touting Nottingham-based Boots for around £7billion

Nottingham Post

Christian Angermayer Bullish On Psychedelic Sector And Life Extension Technology

In this week’s Trade To Black Podcast, TDR Founder Shadd Dales and lead financial writer Benjamin A. Smith interview the founder of Apeiron Investment Group, Christian Angermayer.

Benzinga

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news in one place.

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Benzinga

Despite Recent Headwinds, U.S. Cannabis Industry "Doing Just Fine", According To Brady Cobb

In this week’s Trade To Black Podcast, TDR Founder Shadd Dales and contributor Anthony Varrell interviewed leading U.S. cannabis entrepreneur, advocate, and current CEO of Sunburn Cannabis, Brady Cobb. On the agenda were core agenda items of interest to cannabis investors, including the seemingly improving odds of SAFE Banking passage, how…

Benzinga

MJ Stock Trader On SAFE Banking, CAOA And Verano Holdings - Trade To Black Podcast

In this week’s Trade To Black Podcast, TDR Founder Shadd Dales and Lead Financial Writer Benjamin A. Smith interviewed popular U.S. cannabis Twitter commentator, and founder of mjstocktrader.com, MJ Stock Trader.

The Guardian - UK

Asda co-owner claims value of stake has risen 20-fold as it readies Boots bid

London-based TDR Capital says investment in grocer is now worth £1.4bn on paper

Wales Online

Butlins could be taken over by Asda owners, say reports

Talks are in motion, it has been reported

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Daily Mirror

Asda owner TDR Capital 'in talks to buy Butlin's holiday camp empire' in £600m takeover

Butlin's operates three camps and one million Brits visit every year with business booming due to a rise in staycations, but now the holiday camps are up for sale with several interested parties

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