Asda

Asda Stores Limited is an American-owned, British-founded supermarket retailer, headquartered in Leeds, West Yorkshire. The company became a subsidiary of the American retail corporate giant Walmart after a £6.7 billion takeover in July 1999, and is now the second-largest supermarket chain in Britain, by market share.

Besides its core supermarket retail format, the company also offers a number of other products, including financial services and a mobile phone company using the existing network of EE. Asda's marketing promotions are usually based solely on price, and like its parent company, Walmart, Asda promotes itself under the slogan "Save Money. Live Better".

As a wholly owned division of Walmart, Asda is not required to declare quarterly or half-yearly earnings, but it submits full accounts to the U.S. Securities and Exchange Commission each November.

History

Early history

The Asquith family were butchers based in Knottingley, West Yorkshire. In the 1920s, their rising aspirations meant that they expanded their business to seven butchers shops in the area. Their sons, Peter and Fred, later became founding members of ASDA.

24-hour clock

The 24-hour clock is the convention of time keeping in which the day runs from midnight to midnight and is divided into 24 hours, indicated by the hours passed since midnight, from 0 to 23. This system is the most commonly used time notation in the world today, and is used by international standard ISO 8601. In the practice of medicine, the 24-hour clock is generally used in documentation of care as it prevents any ambiguity as to when events occurred in a patient's medical history. It is popularly referred to as military time in the United States, English-speaking Canada, Russia, and a handful of other countries where the 12-hour clock is still dominant.

Description

A time of day is written in the 24-hour notation in the form hh:mm (for example 01:23) or hh:mm:ss (for example, 01:23:45), where hh (00 to 23) is the number of full hours that have passed since midnight, mm (00 to 59) is the number of full minutes that have passed since the last full hour, and ss (00 to 59) is the number of seconds since the last full minute. In the case of a leap second, the value of ss may extend to 60. A leading zero is added for numbers under 10. This zero is optional for the hours, but very commonly used in computer applications, where many specifications require it (for example, ISO 8601).