Lord Rose, who has been Asda’s chairman since months after the £6.8bn takeover, plans to take an increasingly active role while it seeks a full-time chief executive to take charge in the new year.

Lord Rose, who previously headed up Marks & Spencer and Ocado, will assume the day-to-day running at Asda, the company announced on Wednesday. Asda said Mr Issa would remain a co-owner of the ...

Asda is drawing up plans to shift jobs abroad ... who was parachuted in to replace Lord Rose last November. As part of his overhaul, the retail veteran has axed hundreds of jobs, scrapped staff ...