Asda seeks £2.6m refinancing to relieve debt as it dismisses sale talks

Asda chief financial officer Michael Gleeson has dismissed reports that its owners are looking to sell the supermarket.
Gleeson told The Times that the grocer’s billionaire owners the Issa brothers and private equity firm TDR Capital had a track record “of growth and investing for the long run”.
He said: “They don’t tend to be in and out of companies — they hold their positions in companies for significant periods of time. So ‘no’ is the answer to