UK retailer Asda said it is “working hard behind on the scenes” on plans for its Netto stores, as it awaits approval from the Office of Fair Trading (OFT) for the purchase.Asda paid GBP778m...

Asda has struck a deal to buy the UK stores of discount chain Netto, as part of the Wal-Mart subsidiary’s bid to run smaller stores in the country.The GBP778m (US$1.13bn) will lead to the UK’s...