Press Centre

Asda, Iceland, Morrisons and Waitrose have joined together in a unique partnership to support an initiative that will make medical history.

All four retailers have pledged funds from the new levy on single-use carrier bags to support the construction of a new world class dementia research centre at UCL in London, with the aim of meeting the G8 Group challenge, following a lead from David Cameron, to find a cure for dementia by 2025.

This £350 million project currently has a shortfall in funding of £100 million, and the cash generated by carrier bag sales in food retailers across Britain has the potential to bridge much of that gap.

In addition to committing funds from their own stores, the Chief Executives of Asda, Iceland, Morrisons and Waitrose are today writing to the CEOs of all other UK food retailers, urging them to lend their support either this year or in any of the next five years.

Posted in Press Centre on 05 October 2015
Press Centre

Families continue to enjoy boost in spending power as Asda’s latest Income Tracker reveals that Brits were all fired up with an extra £18 a week to spend in September, compared to 2014.

  • The average household across the UK enjoyed a September surprise with weekly discretionary income reaching £192 a week, up £18 on September 2014
  • Prices of essential items, like food and drink dropped by 2.3%, firing up appetites for a big night in
  • A drop in the cost of gas helped heat up homes and beat the autumn chill
  • All regions avoided feeling the heat on their bank balances, as the UK has seen 2 years of continued growth in spending power

As the cold, dark winter nights start to creep in, UK families will be warming up to the fact they can enjoy more of the things they want. Asda’s latest Income Tracker has revealed that the average household now has £192 a week of discretionary income, up by £18 a week (10.6%) on the same time last year.

What’s more, it’s not just the temperatures that are falling. A 2.3% drop in the price of food and drink over the past year means that those to hibernating at home, can stock their cupboards for those big nights in from of the TV watching X Factor or The Rugby World Cup, particularly as the UK’s inflation rate continues to hit negative numbers (-0.1%), with September marking the eight consecutive month of near zero inflation.

Read more and see the full report here
Posted in Press Centre on 22 October 2015