Asda, once known for offering the cheapest fuel among UK supermarkets, has now become the most expensive, according to a recent study. The retailer, which was acquired by the billionaire Issa brothers and private equity partner TDR Capital in 2021, has shifted away from its previous commitment to providing the lowest fuel prices on the market. Research conducted by the RAC motoring organisation revealed that Asda was charging an average of 2.1p more per litre for unleaded petrol compared to competitors Tesco, Sainsbury's, and Morrisons by the end of May. This marks a significant change for Asda, which had built its reputation on offering affordable fuel to customers. The shift in pricing strategy comes after the change in ownership of Asda, with the new owners prioritizing profitability over maintaining the title of the cheapest fuel seller. Customers who have relied on Asda for budget-friendly fuel options may now need to consider alternative supermarkets for more competitive prices.

Vistry has announced the sale of 1,750 homes to Blackstone, with the properties set to be managed by private rented housing firm Leaf Living. Meanwhile, retail sales in the UK saw a slight increase in May. In the financial markets, both UK and European shares are experiencing losses, with oil prices also falling as investors anticipate an increase in supply later in the year. The FTSE 100 index in London is down by 0.4%, while Germany's Dax and France's CAC have both dropped around 0.3%. Italy's FTSE MiB has seen the largest decline, falling by nearly 0.7%.