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Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up ASDA APPOINTS NEW FINANCE BOSS Supermarket chain Asda has announced that deputy finance chief John Fallon will succeed Rob McWilliam, who leaves this summer. Mr McWilliam originally became chief financial officer in 2018 to help Asda through the proposed merger with Sainsbury’s. That deal fell through – however, Mr McWilliam had a “pivotal role” in helping the company to its ne...

The Hungry Mills: How palm oil mills drive deforestation (commentary) Commentary by Rob McWilliam on 12 March 2021 In this commentary, Earthworm Foundation’s Rob McWilliam argues that palm oil mills are playing a large role in driving the palm oil industry’s destruction of the world’s rainforests, and that this role is often ignored. McWilliam writes that new research shows how to end the damage palm oil mills are causing. This article is a commentary and the views expressed are those of the author, not necessarily Mongabay. For decades, Indonesia has been blighted by some of the highe...

World's biggest retailer took its first payout for three years in early March, shortly before the pandemic struck the UK

Walmart received £1.1bn Asda dividend weeks before UK lockdown PA 11 December 2020, 10:44 am Asda has said that former owner Walmart paid itself a £1.15 billion dividend from the supermarket chain, just weeks before the coronavirus pandemic forced the UK into lockdown. The pay-out was confirmed in the grocer’s filed accounts for the 2019 financial year. Walmart agreed to sell the supermarket chain to the billionaire Issa brothers and private equity firm TDR Capital for £6.8 billion in October following a lengthy auction process. The supermarket said it paid out the dividend of “surplus...