Issa brothers rip out EV charging points at Asda in blow for shoppers [Yahoo! Finance]
WPP plc American Depositary Shares (WPP)
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Source: Yahoo! Finance
New figures from the RAC reveal that Asda has slashed the number of electric vehicle chargers at its supermarkets by more than two thirds to just 46 devices over the past year. It had 165 devices at the start of 2023. The reduction comes after the supermarket ended a partnership with electric vehicle (EV) charging company BP Pulse. Asda now has EV chargers on just 2pc of its estates, or 22 shops. Asda is the only supermarket to have slashed the number of charging points it has, with others including Tesco and Morrisons investing heavily in the technology. It comes as Asda struggles under the weight of billions of pounds of debts following its takeover by Mohsin and Zuber Issa and their private equity partners TDR Capital in 2021. The Issa brothers also own petrol station empire EG Group, which late last year struck a deal with Tesla to roll out chargers across its petrol station sites in the UK and Europe. Asda struck a deal to buy the UK forecourts of EG Group last year. H
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News
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- Digital Ads Announces Expansion of Multi-Faceted Practices in Different Industries [Yahoo! Finance]Yahoo! Finance
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- WPP First Quarter Trading UpdateBusiness Wire
WPP
Sec Filings
- 4/25/24 - Form 6-K
- 4/5/24 - Form SC
- 4/2/24 - Form 6-K
- WPP's page on the SEC website