All Latest News articles – Page 228
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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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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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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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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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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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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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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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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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Prices dip below £1 as indies lead hypers
Independents beat the supermarkets by selling diesel for less than a pound per litre two weeks before the UK’s four supermarket giants followed their lead. Independent supermarket and fuel retailer Jempson’s was one of the first to dip below £1 per litre, cutting diesel to 99.7ppl on December 17. The ...
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Greggs reaches 100 on EG site
Euro Garages’ site at Shinfield, Reading, has become the home of the 100th franchised Greggs shop. Ilyas Munshi, commercial director for Top 50 Indie, Euro Garages, said: "We are proud of our strategic partnership with Greggs. The brand has proved to be popular with our forecourt customers and people with ...
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14 forecourt sites sold in £30.9m deal
A portfolio of 14 petrol stations has been sold to a Middle Eastern investor for £30.9m. According to Property Magazine International, investment manager Aerium sold the portfolio to Shiekh Ahmed Bin Nasser Al-Thani, who was advised by Investra Capital. The sites are let to Co-operative Group for 12 years generating ...
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MRH makes offer to avoid inquiry
MRH has offered to sell two sites after the Competition and Markets Authority (CMA) warned there were potential problems following its acquisition of 78 Esso petrol stations. 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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BP renews membership with BOSS
BP Oil UK Limited has renewed its membership of BOSS and its Payment Watch scheme for all its company owned retail fuel sites in 2016. BP Oil UK Limited operates more than 320 company owned sites and has been a member of BOSS and its Payment Watch scheme since it ...
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in brief
Drive-off clampdown Police in South Derbyshire are clamping down on the theft of fuel and warning motorists that they could face prosecution if they drive off without paying for it. The warnings come due to a rise in drive-offs across the district. Officers from the Safer Neighbourhood teamsare visiting forecourtsin ...
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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 ...
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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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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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’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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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 ...