The Future of Astra

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EG Group has this urgent need to bring in some money from somewhere. Astra owns the petrol station sites, so it can more easily put Astra branded stores on those sites. The fate of one of UK's biggest businesses is at stake here.

Saudi Arabia is cutting oil production, Turkey has a new finance minister and Apple is unveiling a mixed-reality headset today. Plus, the FT’s Kaye Wiggins explains how Asda has been able to take on enormous debt and whether its luck is about to change.

Mentioned in this podcast:

Virtual reality start-ups pin hopes on Apple to lure back funding

Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day

Asda chair defends £2.3bn deal for UK operations of sister group EG

Turkey’s new finance minister pledges to return to “rational” economic policy

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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