Petrol retailers pull out of Reeves meeting over ‘abuse’ of staff Retail Petrol retailers have pulled out of a meeting with Chancellor Rachel Reeves, claiming the government’s warnings against “price gouging” have led to forecourt staff being abused. The head of the Petrol Retailer’s Association (PRA) called off the meeting at late notice on Friday, after Reeves’ office allegedly refused to hold the tete-a-tete behind closed doors. [...]
Greggs deals help Gerald Ronson’s forecourt business post £100m profit Business The petrol forecourt empire owned by City veteran Gerald Ronson has turned a profit just shy of £100m after an expansion in the firm’s partnership with Greggs. GMR Capital, the parent company behind forecourt firm Rontec, posted pre-tax profit of £98.4m for the year to end September 2025, a jump of 6 per cent compared [...]
Costco: Lower petrol prices help drive profit surge Retail The UK arm of Costco has said lower petrol prices have actually helped its profit jump to almost £200m after driving up memberships. The division of the US giant said a decrease in prices at the pumps during its latest financial year contributed to increasing the number of people signing up and renewing their membership [...]
Profit slump revealed at Jim Ratcliffe-backed Petroineos ahead of major closure May 15, 2025 Profitp at Petroineos slumped in the months leading up the closure of its Grangemouth refinery, heavily delayed accounts have revealed, as the energy trading company wrestled with economic uncertainty, supply chain shocks and a shift away from fossil fuels. The Jersey-based business, which is backed by billionaire Manchester United owner Sir Jim Ratcliffe, posted a [...]
Why UK petrol and diesel prices are still sky high despite recent fall November 28, 2024 The price of petrol and diesel in the UK fell between June and October 2024 but the margin retailers are making from each visit to the pump has surged. According to new figures from the Competition and Markets Authority (CMA) fuel prices decreased in the period because, in part, of the changing crude oil prices [...]
Labour to soften 2030 petrol car ban by extending hybrid sales deadline September 15, 2024 Labour is planning to allow hybrid vehicles to be sold until 2035 amid concern over a slowdown in EV sales.
MS International hikes dividend after ‘record’ year June 26, 2024 MS International hailed an an outstanding year of trading performance and growth after it saw revenue rise and record profits thanks to particular success in its defence and corporate branding divisions.