Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    52,002.06
    +771.10 (+1.51%)
     

  • CMC Crypto 200

    1,334.09
    +21.47 (+1.64%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

UK regulator probes Asda's purchase of petrol forecourt estate

Reuters
·1-min read
Shoppers walk past the UK supermarket Asda, as the store launches a new sustainability strategy, in Leeds

(Reuters) - Britain's competition regulator said on Tuesday it has begun investigating British supermarket group Asda Stores' purchase of Co-Operative Group's petrol forecourt estate.

The Competition and Markets Authority (CMA) said it had until March 14 to make its phase 1 decision on whether the deal will reduce competition in the UK.

Asda is planning to open 300 convenience stores by the end of 2026, aiming to become a player in the smaller shop market to help drive growth, and creating thousands of new jobs in the process.

The supermarket group had agreed to buy Arthur Foodstores Ltd, which comprises of 129 sites, from Co-Operative for 600 million pounds ($736.62 million) in August last year.

Asda and Co-Operative did not immediately respond to Reuters requests for comment.

($1 = 0.8145 pounds)

(Reporting by Muhammed Husain in Bengaluru; Editing by Shailesh Kuber)