All Latest News articles – Page 217
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News
Minister opens new testing facility
Transport minister Robert Goodwill has opened a state-of-the-art testing facility in Milton Keynes that will support the government’s pledge for every new car and van to be emission-free by 2040. The Intertek laboratory is the UK’s highest capacity electric and hybrid vehicle testing centre, and offers Britain’s plug-in car industry ...
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Positive outlook as forecourt property prices continue on upward trajectory
The forecourt sector in 2015 saw the conclusion of a seismic shift in ownership that has seen oil companies divesting assets and tying purchasing independents into supply agreements, according to Steve Rodell, managing director of the retail division of property specialist Christie & Co. In the company’s latest business outlook, ...
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Cars failing emission standards says Which
The consumer watchdog Which claims the majority of cars contravened emissions regulations when it carried out realistic tests, and is calling for more rigorous assessment. All of the vehicles officially complied with recent EU emission regulations (either Euro 5 or the tougher Euro 6 depending on the age of ...
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MRH avoids inquiry over Esso acquisitions
MRH has avoided a potential inquiry into its acquisition of 78 service stations from Esso after the Competition and Markets Authority (CMA) accepted undertakings by the company. In November the CMA warned the number one Top 50 Indie MRH that it could face a full scale inquiry because of concerns ...
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£75m awarded for new vehicle research
Five new projects to develop low carbon and energy efficient technology in the automotive sector have been awarded £75m of joint government and industry funding, the business secretary Sajid Javid has announced. The funding has been awarded by the Advanced Propulsion Centre, a 10-year, £1bn joint partnership between Government ...
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NewsEuro Garages turnover up 26% to £816m
Euro Garages turnover was up 26% to £816m for the year to July 31, according to accounts just filed at Companies House, and pre-tax profit more than doubled to £34.8m compared with £15.3m the previous year. Early in the year covered by the accounts, Euro Garages completed the acquisition of ...
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Mixed fortunes for grocery multiples’ forecourt plans
Asda has been granted permission to build a new forecourt in Wolverhampton. According to the Midlands Express and Star, the superstore giant had initially wanted to knock down a pub next to its shop in Molineux Way and turn it into a petrol station. But those plans were refused.
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Forecourt freehold investment
Harmsworth Pooled Property Unit Trust, advised by Helix Property Advisors, has acquired the freehold investment of two petrol filling stations and convenience stores, in Hemel Hempstead and Roehampton, London SW15 from companies advised by Avignon Capital Limited, for £6.54m.Both properties are let to Co-operative Foodstores Ltd, for a further 11.5 ...
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Lidl purchases Esso site – but has no intention of selling fuel
Lidl’s purchase of an Esso site in Balderton, Nottinghamshire does not signal its entry into the UK forecourt market. A spokesperson for the discounter confirmed the intention was to demolish the filling station to make way for a supermarket.
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Two arrested for blowing up ATM
Two men were scheduled to appear in court this week after an ATM was blown up at a forecourt in Cheadle. According to the Manchester Evening News, the incident – at the BP garage in Stockport Road – happened in the early hours of Monday January 11.
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2015 motorbike registrations reach new high
Last year ended with a 12.7% increase in motorbike registrations, with 43,759 commuter bikes (51-125cc) put on the road – the highest on record since 1983. This sector accounted for 38.3% of bikes sold making it the largest single sector for registrations in the year.
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Move fast to keep up with changing needs of c-store shoppers, says HIM study
Staff friendliness, stock availability and the ease and speed of the shopping experience are the most important drivers for c-store shoppers today, according to the latest study from HIM Research & Consulting, the Future of Convenience. But while the majority of shoppers think c-stores have improved their offers on food-to-go ...
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Fuel sales down at Sainsbury’s despite festive boost
Sainsbury’s like-for-like fuel revenues were down 1.4% according to its latest figures - for the third quarter up to January 9. Like-for-like retail sales for third quarter were down 0.4 per cent (excl fuel), but down 1.8 per cent (inc fuel).Total retail sales for the same period were up 0.8% ...
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RAC predicts petrol-price drop to 86ppl as oil prices continue to fall-
Petrol prices could reach their lowest level since 2009 – down to 86ppl - as the major banks predict oil prices could fall to below $10-a-barrel. Oil prices have already collapsed by 15% this year prompting the major banks such as Standard Chartered, Goldman Sachs, RBS and Morgan Stanley to ...
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MFG pilots Morrisons
The first Morrisons convenience store on a Motor Fuel Group (MFG) site has been launched in Crewe the first of five pilot stores. The shop will be branded with a new fascia, ’Morrisons Daily’ using a logo that has been trialled in two of Morrisons’ Leeds stores. It will receive ...
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Quick recovery for some service stations in pre-Christmas floods
The recent flooding in Cumbria and Lancashire has brought mixed fortunes for service stations. While some have only just been getting back into business, and others had to close for short periods at the peak of the floods, sites nearby who have been able to remain open have seen a ...
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’Rocket and feather’ a myth
Representatives of key elements of the road fuels industry came out in force in London last month to give evidence to the All-Party Parliamentary Group for Fair Fuel for motorists and hauliers, and were unanimous in refuting claims of ’rocket and feather’ pricing. The meeting was led by James McCartney, ...
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Celebratory open day
Kiln Park Service Station on Marsh Road, Tenby, in South Wales, celebrated the launch of its new Gulf branding on Thursday December 3, with a visit from an Aston Martin racing car.The Gulf-branded vehicle has 480 bhp engine producing 500 Nm torque. Customers and local residents attended the open day ...
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Topaz sold to Canadian convenience giant
Topaz Energy Group, Ireland’s largest convenience and fuel retailer, is being taken over by the Canadian convenience and fuel retailing giant Alimentation Couche-Tard, in a deal believed to worth about 450m (£324m). The two companies have signed an agreement that will lead to the acquisition by the Canadian company of ...
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Greenergy buys Royal Vopak share of terminal
Greenergy has secured deals which will further cement its position as the UK’s biggest provider of wholesale fuels in the UK. The deals with Royal Vopak involve stepping up its involvement at Thames Oilport the site of the former Coryton Oil refinery on the estuary of the River Thames ...