All Latest News articles – Page 142
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NewsMulti-million pound spend in BP M&S refurbishments
Three BP M&S Simply Food sites have reopened after refurbishments involving a multi-million pound investment. The BP service station with M&S Simply Food on Kilmarnock Road reopened after a spend of £0.9m on the site. Extensive changes were made with the building being extended to provide improved toilet facilities and ...
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NewsWholesalers dismayed by CMA provisional Tesco-Booker verdict
Wholesalers have reacted with dismay after the Competition and Markets Authority (CMA) announced it had provisionally concluded that Tesco’s purchase of Booker does not raise competition concerns. A number of competing wholesalers told a CMA investigation that they were concerned Booker would benefit from improved suppliers’ terms after the merger, ...
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NewsNisa members narrowly vote in favour of takeover by Co-op
Nisa Retail members have narrowly voted in favour of the Co-op Group’s offer to buy the business for up to £137.5m. A 75% vote was required to give the go ahead for the deal and members voted 75.79% in favour and 24.21% against the Co-op’s offer. The offer requires clearance ...
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NewsDCC reports increased profits and turnover for half year
DCC, the parent company of Certas Energy, has reported increased sales and profits for the six months ended 30 September 2017. The group’s oil, retail and LPG businesses increased revenue to £1.6bn, up 16.4% on the same period a year ago, and the group’s adjusted operating profit on continuing activities ...
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NewsKay group opens fourth new-to-industry site
Top 50 Indie Kay Group has opened its fourth new-to-industry site in two years. The new site’s fuel brand is Texaco, taking their total number of Texaco-branded service stations to 15. The new site is located in Ellesmere Port, Cheshire, and comes after The Kay Group opened a Texaco-branded new ...
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NewsFinancial adviser appointed for MRH IPO
US private equity company Lone Star, which acquired Top 50 Indie MRH GB in 2016, is reported to have appointed a financial adviser for a potential London listing of the UK’s biggest independent service station operator, which has 450 sites. Bloomberg reported that an initial public offering could value the ...
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Esso officially launches pay app and starts roll out
Esso officially launched its new mobile payment app at MRH’s Robin Hood North Service Station on the A3 in south London. The new app has been live since April and is already available on 75 sites. But it will now be rolled out at the rate of 25 sites a ...
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PRA calls for cut in fuel duty in Autumn Statement
The PRA has written to the Chancellor urging him to not just freeze, but cut fuel duty by 5ppl in the Autumn Budget on November 22. Since the beginning of October, the Platts cost of petrol has risen by more than 6ppl. This has resulted from Brent Crude oil recovering ...
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QP Petroleum takes top gong at Bestway awards
Forecourts have excelled at Bestway Wholesale’s annual Retail Development Awards, taking two of the top awards.Overall winner was Best-one forecourt operator QP Petroleum in Runcorn, with owner Kuperan Murugesu collecting the trophy and a cheque for £10,000.Husband and wife team Kalpesh and Meeta Raja, who run a forecourt shop in ...
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BP opens two and plans to develop a third
BP has opened two new service stations with M&S Simply Food and bought a third site for redevelop-ment. Sixteen new jobs have been created with the opening of a new BP with M&S Simply Food on Oakleigh Road South, in Southgate, north London, and BP said approximately £800,000 had been ...
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News
in brief
greenergy grows in irelandGreenergy, the UK’s largest supplier of road fuels, has confirmed that it has completed the acquisition of Inver Energy in Ireland. Agreement on the deal, which gives Greenergy a presence in the growing Irish market for the first time, was announced on July 13. Inver’s business includes ...
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PRA makes case for charging incentives
The PRA has taken a second opportunity in a week to tell MPs that forecourts should not be forced to install electric chargers. Just days after PRA chairman Brian Madderson addressed MPs scrutinising the Automated and Electric Vehicles Bill (see News Extra, page 10), the PRA provided evidence to an ...
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MFG invests in chargepoints on London sites
MFG has announced a second partnership with an electric vehicle chargepoint installation company Ecotricity which will extend the latest technology across its network. As a result it will install 30 new electricity pumps on its forecourts around London.This follows last month’s announcement of a deal with ChargePoint Services ...
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Shell’s David Moss to retire at the end of this year
After nearly 40 years of service, David Moss, Shell’s UK retail general manager, is to retire at the end of the year. Having spent his entire career in downstream, initially in aviation and marine, he joined retail in the 1980s.His recent notable achievements have been the retail leadership of North ...
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Shell invests in electric
Shell launched an on-forecourt electric vehicle (EV) rapid charging service called Shell Recharge, days after it signed an agreement to buy NewMotion, one of Europe’s largest EV charging providers.The new service is now available at Shell Holloway in London, Shell Whyteleafe in Surrey, and Shell Derby, and will be launched ...
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MPK Garages expands with two more sites
MPK Garages has acquired two further forecourts as part of its expansion and development plan.The Leicester-based retailer, currently ranked 10th in Forecourt Trader’s Top 50 Indies, recently acquired Chester Road Service Station in Stanley, County Durham, and Ram Jam Service Station on the A1 in Leicestershire. This takes the company’s ...
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Retailer snaps up second Jet site - on tourist route
Ayrshire-based Jet forecourt owner Brian Connolly, who opened the first Jet and Spar dual-branded site, has bought a second service station, in the market town of Dalmellington, 10 miles from his first forecourt at Maybole. The new site is located on the Galloway tourist route, which runs from the A74(M) ...
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NewsE10 becomes top-selling petrol in France
E10 has become the top-selling petrol in France, helped by a tax break that makes it cheaper than its conventional rival, according to a statement by French ethanol producers reported by Reuters. Sales of unleaded SP95-E10 accounted for 38.5% of petrol sales in France in September, compared with 36.8% for ...
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NewsJempson’s site celebrates 25th anniversary
An independent petrol station, which has regularly beaten major supermarkets on price, is celebrating its 25th anniversary this month. Jet’s Jempson’s petrol station in Peasmarsh, near Rye in East Sussex, came to national prominence in late 2015 as petrol prices fell close to £1 per litre, and it cut its ...
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NewsAA forms partnership to support electric vehicles
The AA has formed a partnership with Chargemaster, the UK’s largest provider of EV charging infrastructure, to help AA members who already own, or who are considering an electric vehicle. Currently 41% of AA members own diesel cars but when asked if their next car will be diesel this drops ...