Supermarket giant Asda has a ready-made replacement within its ranks for departing chief executive Tony DeNunzio, it announced today.

The chief executive of supermarket giant Asda has resigned after 12 years with the company, it was announced today.

More than 100,000 staff at UK supermarket giant Asda are to pocket a share of annual bonuses worth £15m (€22.3m), it was announced today.