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Share Price Information for BP (BP.)

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Share Price: 490.80
Bid: 490.45
Ask: 490.55
Change: -0.45 (-0.09%)
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Open: 488.80
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Low: 486.00
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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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*

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*

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9 Apr 2024 16:53

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(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

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9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

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5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

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5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

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4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

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LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

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