The UK's beleaguered high street failed to receive a boost during the Olympics, a report suggested today, while retailers' optimism took its biggest slide for three years.

Retail sales in the UK have “fizzled out” in recent weeks and will remain under pressure for some time to come, a gloomy survey from the CBI has warned today.

Supermarket chain Asda today said sales of its budget ranges were more than 20% higher as customers focused on bargains in the face of rising costs.

British supermarket chain Asda today announced plans to create more than 9,000 jobs through store openings, extensions and business expansion.

Supermarket group Asda announced today that it would create 7,000 new jobs and open 25 new stores.