EV
This coverage examines the rise of electric vehicles (EV) and their impact on the UK retail sector. Reporting highlights infrastructure developments, consumer adoption trends, government initiatives, and retail opportunities linked to EV charging, mobility, and sustainability. Retail executives, property managers, and strategists can use this insight to assess how EV growth influences footfall, site planning, and customer expectations.
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Nov- 2023 -30 NovemberNews
EG Group EBITDA falls to $345m in Q3 following Asda acquisition
EG Group, the global food services and petrol forecourts operator, has revealed that its EBITDA dipped 18% to $345m (£272m) in Q3 2023. The group attributed the decline to the impact of lower fuel volumes and a competitive environment in the quarter, as well as comparisons with the exceptional fuel…
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2 NovemberSupermarkets
BP opens new retail stores in North Yorkshire and West Sussex
BP has opened two new retail stores in Norton-on-Derwent, North Yorkshire, and in the village of Faygate in West Sussex, creating just under 50 new jobs across the two areas. The Norton-on-Derwent store, which opened on 18 October, will serve drivers travelling between the towns of Malton and Norton-on-Derwent, around…
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1 NovemberSupermarkets
Asda acquires EG Group’s UK business for £2bn
Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn. The move has seen the supermarket acquire EG Group’s UK&I fuel, foodservice, grocery and merchandise business. EG Group said it will continue to operate in the USA, Australia, Germany, France, Italy, the Netherlands, Luxembourg…
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Oct- 2023 -27 OctoberSupermarkets
Sainsbury’s Lothian wind farm reaches completion
Sainsbury’s has completed its brand-new wind farm in Scotland, which will add up to 50 megawatts of electrical capacity to the grid in the form of renewable energy that will be used to power the retailer’s stores, offices and depots nationwide. The wind farm, named Longhill Burn, has been under…
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Sep- 2023 -13 SeptemberPeople Moves
BP appoints UK retail operations director
BP has announced the appointment of Joanne Hall as its new UK retail operations director, reporting to Sonya Adams, the VP of UK mobility and convenience retail. In her new role, Hall will focus on delivering best-in-class operations across BP’s 300 company-owned retail sites, while enhancing the convenience experience and…
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11 SeptemberSupermarkets
Morrisons considers offloading petrol forecourts in £2.5bn deal
Morrisons is considering offloading its 340 fuel retail sites in a £2.5bn acquisition by CD&R-owned Motor Fuel Group (MFG), Sky News has reported. News of the talks between Morrisons and MFG comes months after CD&R stopped a potential sale of the latter business. It is understood that the retailer opened…
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May- 2023 -30 MaySupermarkets
Asda acquires EG Group UK for £2.27bn
Asda has announced that it has acquired the majority of EG Group’s UK and Ireland fuel, foodservice, grocery and merchandise business in a deal worth £2.27bn. The deal means that Asda will take ownership of around 350 petrol stations and more than 1,000 food-to-go locations. The UK’s third largest supermarket…
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Mar- 2023 -29 MarchProperty
Aviva acquires Southampton retail park
Aviva Investors, the global asset manager of Aviva plc, has revealed it has acquired the Hedge End Retail Park in Southampton, alongside the separate purchase of an Asda superstore in Hayes, Middlesex. It said the two deals continue Aviva Investors’ desire to act as a strategic buyer of real estate…
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Jul- 2022 -7 JulySupermarkets
Morrisons opens its first eco store
Morrisons has launched its first low environmental impact store in Little Clacton, Essex, which uses 43% less carbon, stocks 366 loose products to reduce plastic waste, and uses locally sourced products. Morrisons Little Clacton has recycled 99% of the demolition materials from its old store in the new build, and…
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Jun- 2022 -16 JuneEconomy
Halfords lowers FY23 profit expectations despite ‘resilient’ performance
Halfords Group plc has announced it has downgraded its profit expectations for the year despite seeing its profit before tax increasing 49.8% to £96.6m. In its preliminary results for the 52 weeks to 1 April 2022, the retailer posted revenues of £1.36bn – up almost 20% compared with pre-pandemic levels.…
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