Futures rose with Treasury yields falling ahead of the Fed's favorite inflation report. When should investors get aggressive?
Asda declared a £2.1 billion dividend to its owners after being bought by the billionaire Issa brothers, accounts published today show, as the pair sought to juggle debts around their sprawling retail and petrol forecourt empire. The supermarket declared the dividend to its parent company in September last year, despite a more-than 80% drop in pre-tax profits to £197.8 million in 2022. The dividend has helped the Issa brothers manage their steep debt burdens, made worse by rising central bank interest rates.