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Co-op agrees to sell 129-strong petrol forecourt chain to Asda for £600m
Asda has agreed to buy the Co-operative Group’s 129-strong petrol forecourt chain in a deal worth around £600m. The supermarket chain, which is owned by the billionaire Issa brothers and TDR Capital, will take over 5% of Co-op’s entire retail estate – including 129 petrol stations and three development sites. Asda already runs 230 petrol …
Business
Sky News
Co-op sells petrol station business to supermarket giant
The Co-op has sold its petrol station business to supermarket giant Asda for £600m, it announced on Wednesday, saying the deal would free up cash for the company and strengthen its financial position. The deal includes 129 petrol forecourt sites across the country, representing 5% of Co-op’s total retail portfolio of 2,564 stores. The company …
Business
Sky News
Date announced for September rail strike
Staff at nine train companies will take part in a 24-hour strike starting at midday on 26 September, the TSSA union has said.The industrial action is over pay and working conditions, the union said, and will also include Network Rail, the owner of Britain’s train infrastructure. TSSA said it remained in discussion with National Rail …
Business
Sky News
More travel misery ahead as two unions announce strikes
There is more chaos ahead for rail passengers with two further strikes announced in September.Earlier this week it was announced that TSSA union members at nine train companies will take part in a 24-hour strike starting at midday on 26 September. On Wednesday it was confirmed by union Aslef that train drivers at 12 rail …
Business
Sky News
UK food prices see biggest jump for 14 years
Food prices rose at their fastest rate since 2008 in August – up 9.3% after a 7% increase last month.The figure comes from the British Retail Consortium (BRC) and NielsenIQ index, which blamed the Ukraine war and its effect on the price of animal feed, fertiliser, wheat, and vegetable oils. Fresh food prices were 10.5% …
Business
Sky News
Tough choices for Germany as coal power stations return to keep people warm this winter
In Germany, coal is making something of a comeback.A power station once marked for closure in the town of Bexbach is being resurrected. For the last few years, the plant was in the “grid reserve”, meaning it was called upon to supplement shortages in the power network a few days a year.Now, it’s one of …
Business
Sky News
TfL secures £1.2bn funding but mayor warns fare increases and bus service cuts still likely
Transport for London has secured around £1.2bn in funding from the government, but the city’s mayor has warned the agreement is “far from ideal”.The funding package replaces TfL’s last bailout, which was the fourth since the beginning of the COVID-19 pandemic in early 2020. Transport for London commissioner Andy Byford said the agreement, which lasts …
Business
Sky News
TfL secures £1.2bn funding but mayor warns fares still likely to go up
Transport for London has secured around £1.2bn in funding from the government, but the city’s mayor has warned the agreement is “far from ideal”.The funding package replaces TfL’s last bailout, which was the fourth since the beginning of the COVID-19 pandemic in early 2020. Andy Byford, Transport for London commissioner, said the agreement, which lasts …
Business
Sky News
Musk continues effort to scrap Twitter deal after whistleblower claims
Tesla chief Elon Musk has filed more paperwork in an effort to terminate his agreement to buy Twitter.Mr Musk, the world’s richest person, walked away from his $44bn offer for Twitter in July, saying the company had misled him and regulators about the true number of spam accounts on the platform. According to a court …
Business
Sky News
Borrowing on credit cards grows at fastest rate since 2005
British households borrowed on their credit cards last month at the fastest annual rate in over 17 years, a potential reflection of consumers struggling to make ends meet as the cost of living crisis intensifies.According to data from the Bank of England, the annual rate of credit card borrowing in July was 13% higher than …
Business
Business Live
North East’s position as UK “hydrogen hub” hailed by NEPIC
The North East’s leading position on hydrogen has been hailed followed the inclusion of two regional projects in phase two of the Government’s Carbon Capture Usage and Storage Cluster (CCUS) Sequencing Process. Kellas Midstream’s H2NorthEast development and bp’s H2Teesside – both part ofThe Northern Endurance Partnership’s East Coast Cluster – now stand to benefit from …
Business
Evening Standard
Sainsbury’s to remove ‘use by’ dates from own-brand yoghurts to cut waste
Sainsbury’s is to remove ‘use by’ dates from 46 own-brand yoghurts and instead switch to ‘best before’ dates to let customers make their own decisions on whether the products remain good to eat.Some 54,000 tonnes of yoghurt is wasted a year – around half of it in unopened tubs – with consumers citing the date …

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