Iceland boss calls for profit cap on energy firms as prices surge Energy Richard Walker has urged the government to consider imposing a temporary cap on energy company profits, warning that households risk bearing the brunt of another price shock linked to the Middle East conflict. The Iceland boss, recently appointed as a Labour peer and cost of living adviser, said ministers should examine limiting earnings for producers [...]
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 [...]
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 [...]
Motorists still ‘paying too much’ for fuel, says competition watchdog July 26, 2024 Drivers are still paying too much for their fuel, with retail margins “significantly” above historic levels, according to the UK competition watchdog.
Petrol prices: Supermarkets accused of using election ‘distraction’ to keep prices high June 17, 2024 The RAC said prices are "far higher than they should be."
Asda named the most expensive supermarket petrol seller ahead of Tesco, Morrisons and Sainsbury’s June 5, 2024 Asda has been named as the UK’s most expensive supermarket fuel retailer ahead of rivals Tesco, Morrisons and Sainsbury’s.
‘Blatantly unfair’: Supermarkets still jacking up petrol prices, minister warned May 16, 2024 Supermarket retailers in the UK are still jacking up prices at the pumps despite months passing since the government pledged to intervene.