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Share Price: 484.05
Bid: 483.85
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Change: -4.10 (-0.84%)
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Open: 491.60
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UPDATE 5-'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
(Adds Asda comment)

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.

Asda, the industry's No. 3 player, said although more staff
were being forced to self-isolate the level of absences remained
well below what it saw at the height of the pandemic last year.

"We’re also not in a position where we would have to close
any stores," said a spokesperson.

Product availability was "largely OK across the board"
though some stores were short of warm weather lines – beers and
soft drinks, bottled water, ice cream and salad leaves.

But smaller rival 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.

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 a 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, Angus
MacSwan and Giles Elgood)

More News
19 Dec 2023 19:10

US launches Red Sea force as ships reroute to avoid attacks

Crisis is spillover from Israel-Hamas war

*

Read more
19 Dec 2023 17:14

Shippers mask positions, weigh options amid Red Sea attacks

Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

Read more
19 Dec 2023 17:01

LONDON MARKET CLOSE: Stocks close higher ahead of UK inflation data

(Alliance News) - Stock prices in Europe closed higher on Tuesday, after data confirmed that the eurozone is inching closer towards its 2% inflation targets.

Read more
19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

Read more
19 Dec 2023 13:18

UK warns of deteriorating security in Red Sea, Royal Navy ship joins taskforce

LONDON, Dec 19 (Reuters) - Britain warned that the security situation in the Red Sea was deteriorating and ballistic missile and drone attacks were an increased threat, as it agreed for a Royal Navy Destroyer to join a U.S.-led operation to safeguard commerce in the region.

Read more
19 Dec 2023 11:49

LONDON MARKET MIDDAY: FTSE 100 flat; Eurozone inflation cools to 2.4%

(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite news that the eurozone's inflation is edging closer to its 2% target.

Read more
19 Dec 2023 08:47

LONDON MARKET OPEN: Stocks rise as investors pin hopes on US rate cuts

(Alliance News) - Stock prices in London opened higher on Tuesday, with sentiment still buoyed by expectations of rate cuts in the US.

Read more
18 Dec 2023 18:18

Red Sea attacks force rerouting of vessels, disrupting supply chains

Houthis launched series of attacks, latest on Monday

*

Read more
18 Dec 2023 17:40

Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher

LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $735.50 Varo, Trafigu
Barges (4KT) Glencor ra
Argus e
E5(fob
AR)
Ebob $727 Shell, Varo,
Barges 11KT Exxon Totsa
E10 Argus
(fob AR)
Jan. swap $741.25 $725.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha Jan
(cif NWE) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $8.6 Prev. $9.7
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Mark Porter)

Read more
18 Dec 2023 16:55

LONDON MARKET CLOSE: FTSE 100 outperforms European peers

(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer.

Read more
18 Dec 2023 12:52

Red Sea attacks force rerouting of vessels, disrupting supply chains

DUBAI, Dec 18 (Reuters) - Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez canal.

Read more
18 Dec 2023 11:50

BP becomes latest to pause Red Sea shipments as attacks continue

(Sharecast News) - BP has announced that it is halting all oil shipments through the Red Sea, becoming the latest company to pause regional routes after a series of targeted attacks by Yemen's Houthi rebels.

Read more
14 Dec 2023 07:43

LONDON BRIEFING: Eyes on BoE and ECB; US Fed signals 2024 rate cuts

(Alliance News) - Stocks are called to open higher on Thursday, after the US Federal Reserve chose not to surprise markets with its latest interest rate decision.

Read more
13 Dec 2023 23:16

Newcomer Elysian, Petrobras notch big wins in Brazil oil auction

RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries.

Read more
13 Dec 2023 19:00

BP Energy wins oil auction for Brazil's Tupinamba block

RIO DE JANEIRO, Dec 13 (Reuters) - BP Energy on Wednesday won the auction for oil and gas production rights of the offshore block of Tupinamba in Brazil's Santos Basin.

Read more

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