10 apr: Tre effektive måder at reducere din formue på
12 apr: Minimalistisk pragtvilla i Sverige
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

Vind: Tyrkiet åbner op bud på 1,2 GW havvind

22-06-2018 12:08:41
Tyrkiet har lanceret landets første budrunde på havvindenergi og har allokeret en kapacitet på 1,2 gigawatt til formålet. Myndighederne har fastlagt et loft for budprisen på 80 dollar per megawatt-time, og interesserede selskaber og konsortier skal senest 23. oktober indlevere deres bud. Støtten vil blive givet i form af en elsalgsaftale for de første 50 terawatt-timer produceret energi, skriver R..

Unibrew/Danske: Kursmålet løftes til 525 kr.

22-06-2018 10:45:53
Royal Unibrews opjustering torsdag eftermiddag har fået Danske Bank til at løfte sit kursmål for bryggeriaktien til 520 kr. fra 475 kr. Anbefalingen er uændret "hold", viser data fra Bloomberg News.Unibrews nye prognose lyder på en omsætning mellem 6,8 og 7 mia. kr., et primært driftsresultat (EBITDA) på 1550 til 1625 mio. kr. og et driftsresultat efter af- og nedskrivninger på 1190 til 1265 mio. ..

Aktier/tendens: Unibrew kan ryge op i forventet rolig markedsåbning

22-06-2018 08:07:28
En opjustering fra Royal Unibrew bliver et af fokuspunkterne i fredagens tidlige danske aktiehandel, som generelt ser ud til at ville være præget af mindre bevægelser. Efter torsdagens danske børslukning, hvor det danske C25-indeks sluttede 0,2 pct. lavere i indeks 1119,14, var der ganske vist et lille fald i de amerikanske aktier på Wall Street. Men fredag morgen er der marginale plusser i handle..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Tesco PLC ORD 5P 261,30 2,1% Stigning i aktiekurs
Sainsbury (J) PLC ORD 28.. 314,31 1,2% Stigning i aktiekurs
Morrison (WM) Supermarke.. 248,30 0,5% Stigning i aktiekurs
Total 52,48 3,3% Stigning i aktiekurs
Total S.A. 60,83 3,7% Stigning i aktiekurs
Tesco Ord Shs 261,89 2,3% Stigning i aktiekurs
Total S.A. Total ORD SHS 52,50 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer  |  Cookie- og privatlivspolitik  |  Persondatapolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
24. juni 2018 20:26:00
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180619.1 - EUROWEB5 - 2018-06-24 20:26:00 - 2018-06-24 20:26:00 - 1 - Website: OKAY