Walmart

Ticker WMT

Today's data summary

Market closed
% change
-0.89%
Price US dollars
119.17
Change
-1.07
As of 23:12 14 Oct 2019
Market cap. US dollars
341,675.24 million
As of 23:12 14 Oct 2019

Latest updates

Tesla sued by Walmart over solar panel fires

Walmart store
Getty Images

US supermarket chain Walmart is suing Tesla's energy division, after solar panels on seven of its stores caught fire.

It alleges that the firm was negligent in how it installed the panels on the roofs of the stores.

Court documents describe a string of fires that occurred between 2012 and 2018 at Walmart locations in Ohio, Maryland and California.

Tesla has not yet responded to the claims.

Read more here.

Asda chief 'under no illusions'

Asda chief executive Roger Burnley
Getty Images

In a forthright statement accompanying Asda's first half and second quarter results, chief executive Roger Burnley also said: "Whilst I remain proud of our continued strategic focus in the quarter, I am under no illusions as to how challenging this market remains for all retailers."

BreakingAsda blames Brexit, football and weather for weak sales

Asda sign
Getty Images

Asda has reported a 0.3% fall in like-for-like sales for the first half of the year to 30 June.

Over the second quarter Asda, which is owned by Walmart, said revenues edged 0.5% higher.

"If ever a case study on the impact the mood of the nation has on UK spending habits were needed, this quarter has provided it, " said Asda's chief executive and president Roger Burnley.

"Consumer confidence levels are at an almost six-year low due in no small part to the ongoing uncertainty around Brexit and amplified by the impact of weather and tracking against national sporting events in the same period last year."

He said that as a result "our non-food business has been challenged during the period" but Asda's "food business has continued to perform well".

Good morning!

Welcome to Business Live.

Ready for another roller coaster ride on the stock markets? It could be another day of turmoil although markets in Asia look to be clawing back some early trading losses.

In the UK, we'll learn how retail sales fared in July when the Office for National Statistics releases new data at 09:30.

And supermarket giant Walmart - which owns Asda - announces its results later.

Do get in touch with any questions or thoughts. You can contact Business Live at bizlivepage@bbc.co.uk