Asda has surpassed Tesco, Morrisons, and Sainsbury’s as the most expensive fuel retailer in the UK. The supermarket giant’s fuel prices are an average of 2.1p higher for petrol and 2.5p higher for diesel compared to its rivals. Asda’s acquisition by the Issa brothers in 2021 and the integration of EG Group’s UK arm may have contributed to this increase. Despite previous commitments to maintain competitive fuel prices, Asda’s target fuel margin has significantly increased since 2019. The Competition and Markets Authority (CMA) is monitoring fuel pricing issues and may take action on pump margins in the future.
Results for: Competition and Markets Authority (CMA)
The CMA is investigating Microsoft’s investments in OpenAI and Mistral AI, Amazon’s stake in Anthropic, and the hiring of Inflection AI’s team by Microsoft. The inquiry will assess whether these partnerships constitute mergers and potentially harm competition in the UK’s AI industry.