All Latest News articles – Page 420
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NewsPanic over - BP agrees deal with Arval
BP will continue to accept Arval fuel cards at its petrol stations. The oil company had previously stated it was terminating its contract with Arval at the end of next month due to escalating costs. It had told dealers they were free to continue accepting Arval business but would have ...
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GNE Group to sell Petrol Express
GNE Group plc has entered into a conditional share purchase agreement to dispose of its main operating subsidiary, Petrol Express Limited (PEX), operating under the brand name Petrol Express, to Leopard No. 2 Investments Limited for £51.66 million. The deal is subject to the purchaser assumingresponsibility for PEX’s bank ...
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News in brief
Marks and Spencer is opening its 100th Simply Food store on a BP Connect site this month. The Towcester North Simply Food at BP Connect on the A43 will open for business on September 10.Sewell Retail claims that is has become the UK’s 17th largest independent forecourt retailer after ...
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Chevron sells its distributor business
Chevron Limited has announced it is selling its UK equity distributorbusiness to GB Oils Ltd for £21.9m.The deal by Chevron, an indirect, wholly-owned subsidiary of Chevron Corporation, is expected to be completed by the end of this month.GB Oils, a subsidiary of DCC Plc, will assume ownership ...
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Jail for cashier in credit card scam
A 33-year-old Sri-Lankan forecourt cashier has been jailed for his part in a £175,000 worldwide bank-card scam.Abdul Samad Raik cloned over 500 cards of customers at a Houghton-on-the-Hill, Leicestershire filling station, because he was being threatened by the Tamil Tigers guerilla warfare group, Leicester Crown Court was told. The ...
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NewsA change is on the cards
As BP prepares to sever all ties with Arval, the issue of card payments has been hitting the headlines. BP wrote to its dealers last month saying it was ending its agreement with the fuel card company due to soaring costs. And while many retailers seemed to agree that ...
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Out-of-stocks cost industry millions
Convenience retailers could be missing out on £100m-worth of lost grocery sales due to sought-after products being out of stock.The startling claim comes from Heinz in its latest Grow Grocery category management initiative. The company found that despite reports of a ’credit crunch’, convenience and impulse ...
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Great Scot for Murco
Murco Petroleum has moved into the Scottish market for the first time by buying seven sites from group dealer Brownwight & Wall. The Jet-branded sites are all west of Edinburgh in the West Lothian and Falkirk areas and Murco said it is on the lookout for "further network growth opportunities ...
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Results of this month’s online poll:
Are your fuel sales down on last year?YES (more than 10%49%YES (less than 10%)29%No22%It seems the high fuel prices, the ’credit crunch’ and the grey days of August have hit forecourts hard. A whopping 78% of you said that your fuel sales were down on last year.Let’s hope there’s some ...
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ACS leads case against tobacco display ban
The Association of Convenience Stores has urged the Government not to press ahead with plans to ban tobacco displays as part of its Future of Tobacco Control Strategy. The focus should instead be on taking action in the areas that are more likely to have a direct impact on youth ...
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NewsChevron sells UK equity distributor business to GB Oils
Chevron Limited, an indirect, wholly-owned subsidiary of Chevron Corporation, has announced the signing of an agreement to sell its UK equity distributor business to GB Oils Limited, a subsidiary of DCC plc. The sale is for £21.9 million and is expected to be completed in the third quarter 2008. GB ...
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Costcutter growth despite credit crunch
Costcutter has announced sales increases of 6.2% year to date and are above budget despite the on-going threat of the credit crunch.Angela Barber, trading and marketing director of Costcutter Supermarkets Group Ltd, says “I believe the reason that sales are increasing above and beyond our target comes down to a ...
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ACS and government cook up a healthy plan
The Association of Convenience Stores (ACS) is teaming up with the Department of Health to help convenience stores in deprived areas sell more fruit and vegetables. The project forms part of a government drive to promote healthy eating and tackle rising obesity.The Department of Health will provide £200,000 per year ...
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BP dumps Arval
BP is to terminate its agreements with Arval due to “escalating costs”. From 31 October, BP will no longer accept Arval fuel cards at its company operated sites. In addition, retailers have received letters from the oil company’s fuels operations manager Peter Molloy stating Arval costs have “increased significantly” in ...
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Biofuels not meeting green targets
About 80% of the biofuel sold at UK pumps fails to meet government environmental standards, according to a report by the Renewable Fuels Agency. In its first monthly report on fuels supplied under the Renewable Transport Fuels Organisation (RTFO), the government agency said just 19% of the biofuel supplied met ...
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Co-op signs up for Texaco on 19 sites
Chevron is to provide Texaco-branded fuel for 19 members of the Co-operative Retail Trading Group (CRTG), the UK’s largest consumer co-operative. Clive Adamson, head of petrol and post offices at the Co-op Group said: "Chevron’s Texaco brand is well known on the forecourt and we arepleased to be building a ...
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A strong line-up for APEA 2008 event
APEA 2008, the conference, exhibition and awards event run by the Association for Petroleum & Explosives Administration, will return to the Telford International Centre on October 23. The event starts at 9am with registration and the opening of the exhibition. Companies that have signed up so far include Car Wash ...
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ACS urges stores to focus on standards
The Association of Convenience Stores (ACS) has responded to the government’s latest consultation on alcohol policy by urging members to focus on practical measures that drive high standards in their shops.ACS chief executive James Lowman said: "Everyone should seek to play their part in changing the drinking culture. To ...
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Operator hurt in knife attack
The owner of a Power-branded filling station ended up in hospital after trying to fight off two knife-wielding robbers last month. The robbers struck at 11.10pm at the Highfields, Leicester, filling station. The owner, who is not being named, managed to hit one of the robbers on the head, ...
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Tobacco display ban warning
UK retailers must take part in the latest tobacco consultation and defend their right to display tobacco or suffer the severe consequences of lost business, Dave Bryans, president of the Canadian Assocation of Convenience Stores, has warned. Canada’s most densely populated province - Ontario - ’went dark’ ...