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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%)
Spread: 0.10 (0.02%)
Open: 488.80
High: 491.55
Low: 486.00
Prev. Close: 491.25
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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)

More News
18 Mar 2024 11:49

LONDON MARKET MIDDAY: FTSE 100 as shakes off pre-interest rate nerves

(Alliance News) - Stock prices in London were higher at midday Monday, as eyes were firmly on interest rate decisions across the globe.

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15 Mar 2024 13:07

IN BRIEF: Costain wins place on GBP4 billion carbon capture project

Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Selected as one of nine specialist partners to deliver a carbon capture project beneath the North Sea off the east cost of England. The engineering, procurement, and construction contracts for the East Coast Cluster have a combined value of around GBP4 billion, Costain says. The contracts will be with Net Zero Teesside Power and the Northern Endurance Partnership. NZT Power is a electricity generating joint venture of the UK's BP PLC and Norway's Equinor. NEP is a joint venture of BP, Equinor and France's TotalEnergies SE that will provide CO2 transport and storage for the East Coast Cluster. Final investment decisions are expected in September or earlier, with the projects aiming for commercial operations from 2027.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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14 Mar 2024 11:54

BP details green credentials in similar push towards net zero as Shell

(Alliance News) - BP PLC on Thursday outlined similar targets to cut emissions as peer Shell PLC, as both oil and gas majors strive to become net zero for carbon emissions by 2050.

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14 Mar 2024 10:19

BP picks up Ashford site to boost electric charging scope for trucks

(Alliance News) - BP PLC on Thursday stepped up plans to increase its electric charging capacity for heavy goods vehicles by buying one of the largest truck stops in Europe.

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8 Mar 2024 13:42

BP appoints Aviva boss Amanda Blanc as senior independent director

(Sharecast News) - Oil giant BP said on Friday that it has appointed Aviva chief executive Amanda Blanc as senior independent director with effect from after the annual meeting on 25 April.

Read more
8 Mar 2024 12:20

IN BRIEF: BP promotes Aviva chief executive officer to senior director

BP PLC - London-based oil major - Non-Executive Director Amanda Blanc will be appointed as a senior independent director, effective from April 25 at the conclusion of BP's annual general meeting. Blanc joined BP's board in September 2022. She has been group chief executive officer of Aviva PLC since July 2020. Company also says Senior Independent Director Paula Reynolds will retire at the AGM's conclusion, having served on the board for nine years. Non-Executive Director John Sawers will also be retiring.

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8 Mar 2024 10:33

BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney

(Sharecast News) - BP chief executive officer Martin Auchincloss was paid £8m for his services in a particularly prosperous year, it was revealed on Friday, as it managed to claw back a further £1.8m from its former head Bernard Looney.

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4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

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4 Mar 2024 10:43

Jefferies upgrades BP to 'buy'

(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.

Read more
4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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4 Mar 2024 08:55

LONDON MARKET OPEN: Review cuts Hipgnosis Songs Fund valuation

(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.

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4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

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22 Feb 2024 09:49

LONDON BROKER RATINGS: Berenberg raises Moneysupermarket.com to 'buy'

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

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15 Feb 2024 16:52

LONDON MARKET CLOSE: Stocks in green despite UK hit by recession

(Alliance News) - Stock prices in London closed higher on Thursday, after data showed that the UK economy slipped into recession in the final quarter of 2023, buoying hopes for interest rate cuts from the Bank of England.

Read more

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