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The Latest Breaking News from EG

Asda to buy petrol stations group EG UK as it aims to overtake Sainsbury’s

Concerns raised over £770m of new loans and £450m in new funds from Issa brothers and TDR Capital

The Guardian - UK

Asda announced huge expansion as it buys 350 petrol stations and 1,000 shops

The supermarket has spent £2.7billion on the deal

Wales Online

Asda poised to announce £10bn merger with petrol stations group EG

Deal would help Asda move into convenience retailing and cut costs at merged entity by about £100m, as well as reduce EG’s debts

The Guardian - UK

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Asda plans 5% pay cut for about 7,000 workers just outside London

Supermarket is consulting about removing a 60p an hour supplement at 39 stores outside M25 despite the cost of living crisis

The Guardian - UK

Work well underway to transform former Eglantine Inn

The Clover Group said the bar's focus will be on showing a range of sporting events blended with a great food offering

Belfast Live

North East business life: charity, community and award events in the region

Companies featuring in this week's round-up include Bellway, Newcastle Building Society and Sage Foundation

Birmingham Post

Profits rise to almost $1.5bn at billionaire Issa brothers' EG Group as sales surge 25%

The billionaires also own Asda separately to EG Group

Birmingham Post

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Billionaire Issa brothers agree $1.5bn 'sale and leaseback' deal for EG Group in USA

EG Group said it will use the net proceeds to help repay debt

Manchester Evening News

Billionaire Issa brothers’ EG Group in $1.5bn US property sale to slash debt

The brothers also co-own Asda with TDR Capital

Birmingham Post

Billionaire Issa brothers’ EG Group sells $1.5 billion in property in bid to slash debt burden

The billionaire Issa brothers’ business EG Group has sold $1.5 billion worth of property in the US as the pair scramble to bring down the firm’s debt burden amid soaring interest rates.

Evening Standard

Pressure on Asda owners Issa brothers as EG Group debt interest payments jump £200 million

Annual accounts for EG Finco, the finance subsidiary of Mohsin and Zuber Issa’s EG Group, are now several weeks overdue

Evening Standard

Asda-owning billionaire Issa brothers 'eyeing £1bn sale' of US petrol stations

EG Group, whose brands include Euro Garages, Coopland and Leon, has over 6,600 sites across the world

Birmingham Post

High fuel prices help profits rise at Issa brothers' EG Group

The billionaire brothers also separately own Asda alongside TDR Capital

Birmingham Post

Billionaire Issa brothers plot major Leon expansion across the UK

Leon currently has 65 coffee-to-go kiosks in EG’s stores on its forecourts and 33 in Asda

Birmingham Post

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Belfast Live

The Clover Group buys Belfast bar the Eglantine Inn creating 30 new jobs and planning £500k refurbishment

The venue was first designed in 1988 by the same architects as the iconic Crown Bar

Birmingham Post

The top team running the EG Group empire that was founded by the billionaire Issa brothers

BusinessLive profiles the top team running EG Group

Birmingham Post

Billionaire Issa brothers' EG Group announces deal with McLaren F1

EG Group's brands include Euro Garages, Leon and Cooplands

The Independent UK

Forty unemployed young people hired after Skill Up Step Up training

The young people are part of the first wave to benefit from the companies who pledged to our campaign

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Evening Standard

‘I got my dream role. I’m finally in the right place’

Through our Skill Up Step Up campaign the Evening Standard pledged to get 1,000 unemployed young Londoners into work. David Cohen speaks to two successful candidates

Wales Online

McColl's alcohol sales could be back on 'by close of business' on Thursday

Booze sales were stopped after Morrisons inked a deal to take over the ailing chain

Wales Online

McColl's stops selling alcohol at branches across country after takeover

Morrisons beat EG Group in a takeover battle for collapsed retailer McColl’s

The Guardian - UK

McColl’s saga is lesson banks must take onboard with recession looming

A rescue was on offer, so there was no need to create extra uncertainty by calling in the administrators

The National (Scotland)

Morrisons set to protect thousands of jobs with McColl's takeover

A SUPERMARKET giant is set to safeguard 16,000 jobs by taking control of failing convenience retailer McColl’s.

Manchester Evening News

All 16,000 McColl's jobs saved as Morrisons agrees rescue deal

A rival bid had been submitted by EG Group, which is owned by the billionaire Issa brothers

Daily Mirror

Billionaire Issa brothers who own Asda plan to create more than 32,000 jobs

Billionaire brothers Mohsin and Zuber Issa's EG Group is hiring almost 23,000 people in the UK by expanding more people at Asda, Cooplands and Leon and tie-ups with KFC and Starbucks

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