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Share Price: 481.55
Bid: 481.50
Ask: 481.60
Change: -6.60 (-1.35%)
Spread: 0.10 (0.021%)
Open: 491.60
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Prev. Close: 488.15
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UPDATE 4-'Pingdemic' puts Britain's food supply under strain

Thu, 22nd Jul 2021 07:32

* British minister: We're concerned about 'pingdemic'

* Meat industry says food supplies could fail

* Iceland chain closes some stores due to staff shortages

* BP says some sites temporarily closed due to lack of fuel
(Recasts headline and lead)

By Guy Faulconbridge and James Davey

LONDON, July 22 (Reuters) - British supermarkets said on
Thursday that some products were in short supply and petrol
stations had been forced to close after the official health app
told hundreds of thousands of workers to isolate following
contact with someone with COVID-19.

British newspapers carried front-page pictures of empty
shelves in supermarkets, declaring a "pingdemic".

Business Secretary Kwasi Kwarteng told Sky News the
government was "very concerned" about the situation but that he
did not recognise the network's characterisation of "bare"
supermarket shelves.

With cases rising to nearly 50,000 day in the United
Kingdom, hundreds of thousands of people have been advised - or
"pinged" - by the National Health Service's contact-tracing app
to isolate for 10 days.

The drastic reduction in staffing that has resulted has sown
chaos through sectors as diverse as food supplies, haulage,
supermarkets, hospitality, manufacturing and media. To avoid
disruption, many people have deleted the app from their phones.

Sainsbury's, Britain's second largest grocer, said
customers may not be able to find the exact product they want.

"Large quantities of products are being delivered to stores
daily and our colleagues are focused on getting them onto the
shelves as quickly as they can," a spokesperson said.

Retailer Iceland said it had closed a number of stores due
to staff shortages. BP said it had to temporarily close a
handful of petrol stations due to a lack of fuel, with a
shortage of HGV drivers exacerbated by COVID-19 isolations.

Reuters reporters found plenty of food in shops, though
there were some shortages of specific products such as bottled
water, soft drinks, salad and meat.

One meat industry body said on Wednesday that food supply
chains were "right on the edge of failing" as absences related
to COVID-19 had aggravated an already-critical shortage of
labour.

Official data showed the app had told nearly 620,000 people
to isolate in England and Wales in the week up to July 14.

Government ministers say it plays an important role in
countering the spread of the virus, which has killed about
129,000 people in Britain - the seventh highest toll in the
world. They have allowed some workers in critical roles to carry
on working, even when "pinged".

Infections have been rising sharply in Britain for several
weeks. But a vaccination programme that has seen 88% of adults
receive one vaccine dose and more than 69% two doses appears to
have weakened the link between infections and deaths, with daily
fatalities remaining relatively low.

(Writing by Guy Faulconbridge; Additional reporting by Kate
Holton and Kanishka Singh; Editing by Catherine Evans and Angus
MacSwan)

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(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

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6 Jan 2024 12:29

BP investors want oil firm to approach BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach BAE Systems Chief Executive Charles Woodburn about becoming the British oil giant's next boss, Sky News reported on Saturday, citing unidentified sources.

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6 Jan 2024 11:38

BP investors want oil behemoth to target BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach Charles Woodburn, the BAE Systems chief executive, about becoming the company's next boss, Sky news reported on Saturday. (Reporting by Devika Nair in Bengaluru; Editing by Jan Harvey)

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4 Jan 2024 16:54

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(Alliance News) - Stock prices in London closed higher on Thursday, as investors eye the latest US non-farms data.

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(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

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4 Jan 2024 12:09

LONDON MARKET MIDDAY: Retailers Next and JD Sports bookend FTSE 100

(Alliance News) - Stock prices in London were slightly higher at midday on Thursday, with the FTSE 100 looking set to snap the two-day losing streak it suffered at the start of the year.

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4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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4 Jan 2024 08:58

LONDON MARKET OPEN: Next leads buoyant FTSE 100 amid services PMIs

(Alliance News) - Stock prices in London opened up on Thursday, amid a slew of services PMI data, including for the UK, while reacting to the latest data from China.

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3 Jan 2024 18:37

Equinor, BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - European energy firms Equinor and BP terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

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3 Jan 2024 17:02

Equinor and BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - Equinor and BP terminated on Wednesday their agreement to sell power to New York state from their 1,260-megawatt Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

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3 Jan 2024 16:52

LONDON MARKET CLOSE: Stocks down ahead of US Fed minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors nervously look ahead to the latest US Federal Reserve meeting minutes.

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(Alliance News) - Chill Brands Group PLC on Wednesday said its vape products will soon launch in retail stores, including WH Smith PLC travel locations, and it reported a trio of initiatives to help soothe regulatory scrutiny.

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2 Jan 2024 16:58

LONDON MARKET CLOSE: Stocks down amid disappointing manufacturing data

(Alliance News) - Stock prices in London closed lower on Tuesday, after the year was started with some disappointing data about the UK and US manufacturing sectors.

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