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Actionable news in WMT: WAL-MART STORES Inc,

Walmart Continues to Lose Ground in U.K. Supermarket Price War

Walmart's (WMT) U.K. division, Asda, has continued to lose market share in Britain as it faces fierce competition from low-cost competitors while the country's largest supermarket gained, according to industry data released Tuesday.

For the 12 weeks to October 9, Asda's market share fell to 15.6% as sales fell 5.2% to £3.9 billion ($4.8 billion). At the same time last year, the retailer had a market share of 16.6% with sales of £4.1 billion, according to grocery store data from Kantar Worldpanel.

Tesco (TSCDY) , the country's...