Brexit hits UK grocer Asda

Asda, the British supermarket arm of US retail giant Walmart (WMT N), said uncertainty surrounding Brexit was affecting its customers as it eked out a small rise in second quarter sales, helped by the later timing of Easter this year.

Britain’s new prime minister Boris Johnson has threatened to take Britain out of the EU by October 31, with or without a deal, setting the scene for a showdown in the UK parliament where MPs are opposed to a divorce without a transition agreement.