11 apr: UPDATE: BMW Faces Strike Ballot Over Pay Deal At UK Oxford Plant
11 apr: French Fin Min: Changing Targets Would Be Risk For France
11-04-2012 15:18:00

Sainsbury To Buy 18 Total Filling Stations

Relateret indhold

LONDON -(Dow Jones)- J Sainsbury PLC (SBRY.LN) said Wednesday it is set to buy 18 filling stations currently under the Total brand from private equity firm Rontec Investments LLP, highlighting the continued importance of fuel to supermarkets as they try to attract cash-strapped customers.

The retailer said the deal is subject to approval from the Office of Fair Trading, but didn't say how much it would be paying for the service stations, which are located around the U.K.

"The acquisitions provide a unique opportunity to support our plans for growth and to extend the reach of the Sainsbury's brand," said Phillip Bell-Brown, director of property development at the company. He added that current Rontec employees would have the opportunity to move to work for Sainsbury.

According to industry body Experian Catalist's fuel market review for 2011, Sainsbury has an 8.7% share of the U.K. fuel market, with 262 outlets, making it the No. 6 participant in the market and the No. 3 of the supermarkets, behind Tesco PLC (TSCO.LN) and Wm. Morrison Supermarkets PLC (MRW.LN).

Rontec bought French energy giant Total SA's (TOT) network of filling stations in 2011. The brand covers 918 outlets across the U.K., but accounts for only 7.3% of the market.

Although margins are low on fuel, supermarkets use promotions to drive footfall into stores and boost market share. Earlier this year, Morrison sparked a petrol price war when it launched a promotion giving shoppers 15 pence off each liter of fuel if they spent GBP60 in the store, prompting rivals to launch similar deals.

Supermarkets have remained tight-lipped on the potential impact of a proposed strike by fuel tanker drivers in the U.K., despite signs of panic buying at some outlets.

Trade union Unite and the government remain in talks to avert industrial action over better working conditions and health and safety regulations.

Meanwhile, latest figures from the British Retail Consortium showed retail sales rose 1.3% on the year in March, boosted by a period of unseasonably warm weather.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

(END) Dow Jones Newswires

April 11, 2012 09:18 ET (13:18 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg


Carlsberg-konkurrent frygter svækket konkurrence i Grækenland

27-03-2015 16:44:49
Konkurrencen på det græske ølmarked kan blive svækket markant set i lyset af, at de græske konkurrencemyndigheder uden betænkninger har godkendt fusionen mellem..

WDH/dir: Oticon Medical snart klar med første implantat

27-03-2015 14:23:55
William Demant Holdings kirurgiske division, Oticon Medical, fortsætter fremad for fuldt blus. Forretningsbenet har de seneste år hentet enorm vækst, og det spo..

Novo og Genmabs stiger mest blandt europæiske elitepapirer

27-03-2015 10:30:07
Novo Nordisk og Genmab topper fredag formiddag indekset over de største europæiske aktier, Stoxx 600. Med kursstigninger på henholdsvis 9,2 og 6,5 pct. distance..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Total 46,60 0,0% Stigning i aktiekurs
Total S.A. 50,82 0,2% Stigning i aktiekurs
Morrison (WM) Supermarke.. 198,50 0,0% Aktiekurs uændret
SAINSBURY(J) ORD 28 4/7P 260,44 -0,8% Fald i aktiekurs
Tesco PLC 238,25 0,0% Aktiekurs uændret
Total S.A. Total ORD SHS 46,37 -0,3% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
30. marts 2015 01:46:20
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150325.1 - EUROWEB6 - 2015-03-30 01:46:20 - 2015-03-30 01:46:20 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her