"Unless a solution can be found in the next 10 days, it is inevitable that we will see significant disruption in the run-up to Christmas. "Currently, the UK faces a shortfall of around 90,000 HGV drivers and it is consumers who ultimately suffer the consequences. "Without them, we are unable to move goods from farms to warehouses to shops. ![]() He said: "HGV drivers are the glue which hold our supply chains together. ![]() On Friday afternoon Andrew Opie, director of food and sustainability at the British Retail Consortium warned that disruption to Christmas preparations will be 'inevitable' if progress is not made to solve the shortfall of around 90,000 lorry drivers. "I witnessed two motorists not just satisfied with filling up their cars but filling large jerry cans as well.ĭrivers queuing for fuel at Asda petrol station, Marsland Road, Sale, on Friday morning (Image: Manchester Evening News) Trafford councillor Mike Freeman told the Manchester Evening News he went to the station at 7.30am. READ MORE: Queues at petrol stations in Greater Manchester amid pleas not to panic buyĪt an Asda station on Marsland Road in Sale Moor traffic was backed up onto the road as drivers queued for fuel. One driver told the Manchester Evening News a member of staff was seen to close off around half the station's pumps as cars and vans queued along the busy main road.Įarlier today (September 24), queues of motorists were pictured at petrol stations in Salford, Sale, Heywood, Chorlton, Hulme and Rochdale, despite the government urging people not to panic buy. There were lines of traffic on the A6 as motorists waited to get in line at Sainsbury's in Hazel Grove. Last month, Asda said it planned to stop baking bread in its stores, putting 1,200 jobs at risk, while the supermarket said in February that 5,000 jobs were at risk from the closures of two warehouses and back-office changes.This was the scene at a petrol station in Stockport this afternoon as drivers rushed to fill up amid fears of a fuel crisis. We want to be an energy company with purpose one that is trusted by society, valued by shareholders and motivating for everyone who works at bp. We want to help the world reach net zero and improve people’s lives. The change of ownerships adds to the uncertainty faced by the staff who work in Asda’s 341 supermarkets and who have in recent years faced successive rounds of job cuts. Our purpose is reimagining energy for people and our planet. Last year’s accounts showed a debt pile of about £7bn. This degree of leverage is likely to raise concerns, particularly as EG Group has also funded its rapid expansion with borrowing. You can select Gas Stations or do a search for a specific gas. Now tap the magnifying glass icon on the right side of the map to do a search. 0 seconds of 1 minute, 13 secondsVolume 0. The plan will leave Asda liable for loans equivalent to about four times its earnings of £1.2bn – giving it more than double the debt burden of its major supermarket rivals. To get started, open Google Maps on your iPhone, iPad, or Android device and begin navigating to your destination by tapping Start. The expected proceeds from the sale of the petrol stations and distribution centres will be used to pay off two additional bridging loans being taken on to finance the takeover. Walmart, the current owner of Asda, has contributed £500m of equity to retain a minority stake in its UK arm.ĮG Group is buying Asda’s petrol stations for £750m, while Mohsin and Zuber Issa have said they plan to sell off Asda’s distribution centres for £950m. TDR and the Issas are putting up £780m of cash, with the rest funded via a complex structure that includes £3.5bn of new debt, made up of bonds and an €850m (£749m) loan. ![]() While the CMA’s decision has yet to be finalised, it has effectively given the green light for the £6.8bn Asda takeover, the UK’s largest leveraged buyout for 10 years. On Wednesday, the CMA said there was reasonable grounds to consider accepting an offer to sell 27 petrol stations to allay its concerns. ![]() The two firms’ networks overlap in 36 areas, the Competition and Markets Authority said, as well as in a specific type of fuel called auto-LPG in another area. The purchase of Asda, from the US retail giant Walmart, would have seen the supermarket’s 323 petrol stations come under the same ownership as the 395 held by EG Group, owned by the Issas and TDR. Their most ambitious deal yet now looks certain to go ahead virtually unabridged, after they and their private equity partner TDR Capital offered to sell 27 petrol stations to allay competition concerns.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |