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Asda’s staff cash in on shares
Supermarket retailer Asda today has announced that over 16,500 colleagues will share in a £43m payout thanks to the company’s Sharesave plan. This years plan will be the largest ever payout since Wal-Mart acquired Asda in 1999. The current stock price means all investors will receive a 150 per cent return on their monthly investments.
Shareholders who have saved a maximum of £250 per month for the past three years will pocket around £13,800 which is over £4,500 more than their original £9,000 investment.