Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 373.60
Bid: 376.40
Ask: 377.40
Change: -9.90 (-2.58%)
Spread: 1.00 (0.266%)
Open: 381.60
High: 381.60
Low: 359.20
Prev. Close: 383.50
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE: UK says there is no fuel shortage as BP shuts some forecourts

Thu, 23rd Sep 2021 20:19

(Alliance News) - Drivers are being urged by the UK government to "buy fuel as normal", after the lorry driver shortage hit supplies.

BP PLC said a "handful" of its filling stations are closed due to a lack of fuel available, while Esso owner Exxon Mobil Corp also said a "small number" of its Tesco Alliance petrol forecourts have been impacted.

A government spokeswoman said: "There is no shortage of fuel in the UK, and people should continue to buy fuel as normal.

"We recognise the challenges facing industry and have already taken action to increase the supply of HGV drivers, including streamlining the process for new drivers and increasing the number of driving tests.

"We continue to closely monitor labour supply and work with sector leaders to understand how we can best ease particular pinch points."

Jim McMahon, Labour's shadow transport secretary, said it was a "rapidly worsening crisis" and accused the government of "never investing in or valuing working-class jobs".

He went on: "Sticking plaster solutions are not going to solve it.

"Ministers must take decisive steps now to tackle the 90,000 driver shortfall."

BP told the government in a meeting last Thursday that the company's ability to transport fuel from refineries to its network of forecourts was faltering.

BP's head of UK retail Hanna Hofer said it was important the government understood the "urgency of the situation", which she described as "bad, very bad", according to a report by ITV News.

She added that BP had "two-thirds of normal forecourt stock levels required for smooth operations" and the level is "declining rapidly".

Meanwhile, an ExxonMobil spokesman said: "A small number of our 200 Tesco Alliance retail sites are impacted.

"We are working closely with all parties in our distribution network to optimise supplies and minimise any inconvenience to customers."

A Tesco spokeswoman said: "We have good availability of fuel, with deliveries arriving at our petrol filling stations across the UK every day."

The HGV sector has been struggling with recruitment in recent months, with a combination of the Covid-19 pandemic and Brexit reducing the number of available drivers.

With test centres shut and many HGV drivers from the EU returning home during the pandemic, it has created a shortage of qualified drivers.

The issue has already hit supermarkets, with shelves half full and grocers forced to increase salaries and introduce signing on bonuses to fill gaps.

It has spread to waste collection services, with some councils cancelling bin collections as drivers have taken more lucrative jobs elsewhere.

Calls from Wm Morrison Supermarkets PLC and Ocado Group PLC for the government to add HGV drivers to its skills shortage jobs list, to allow EU workers to fill the shortfall, were investigated but not implemented following pressure from the Home Office.

BP is said to have asked the government for similar support temporarily.

Gordon Balmer, an executive director at the Petrol Retailers Association, which represents independent forecourts across the UK, said some sites are suffering from delays, particularly those in London and south-east England.

He recommended that motorists keep enough fuel in the tank to reach alternative filling stations in the "rare instance" that fuel is not available at the first one they visit.

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
18 Jul 2023 11:58

LONDON MARKET MIDDAY: Ocado leads way but FTSE 100 flat

(Alliance News) - London's FTSE 100 was ever-so-slightly higher heading into Tuesday afternoon, supported by gains for housebuilding stocks on hope UK inflation is easing, and grocer Ocado.

Read more
18 Jul 2023 11:38

ShoreCap 'palpably cautious' when it comes to Ocado

(Sharecast News) - Analysts at Berenberg continued to express "palpable caution" towards Ocado shares, telling clients that there was precious little to work with when it caming to valuing the business.

Read more
18 Jul 2023 10:33

Ocado jumps on return to first-half underlying profit

First-half underlying profit 16.6 mln stg

*

Read more
18 Jul 2023 09:34

Ocado hits five-month high after return to profit, keeping guidance

LONDON, July 18 (Reuters) - Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half.

Read more
18 Jul 2023 09:09

TOP NEWS: UK grocery price inflation ebbs at fastest pace since peak

(Alliance News) - UK grocery price inflation calmed once again, market research from Kantar showed on Tuesday, while supermarket sales got a boost from more summer staples such as hay fever medication and strawberries moving through the tills.

Read more
18 Jul 2023 08:47

Ocado not pursuing takeover offers, says boss

LONDON, July 18 (Reuters) - Ocado Group, the online supermarket and technology group, is not looking to be taken over, its boss said on Tuesday.

Read more
18 Jul 2023 08:46

TOP NEWS: Ocado backs outlook and hails "good progress" in half-year

(Alliance News) - Ocado Group PLC on Tuesday affirmed yearly guidance with both its grocery and warehouse technology arms seeing half-year revenue growth.

Read more
18 Jul 2023 08:45

LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

(Alliance News) - Stock prices in London opened in the green on Tuesday, boosted by some well-received company updates.

Read more
18 Jul 2023 08:45

LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

(Alliance News) - Stock prices in London opened in the green on Tuesday, boosted by some well-received company updates.

Read more
18 Jul 2023 08:31

Ocado hits five-month high after return to profit, keeping guidance

LONDON, July 18 (Reuters) - Ocado shares surged on Tuesday after keeping its financial guidance for the year as it reported a return to underlying profit in its first half.

Read more
18 Jul 2023 08:19

Ocado CEO declines to comment on Amazon speculation

LONDON, July 18 (Reuters) - The chief executive of British online and technology group Ocado said he had nothing to say when asked about speculation of a takeover by U.S. group Amazon.

Read more
18 Jul 2023 07:48

LONDON BRIEFING: Ocado backs annual guidance as interim loss widens

(Alliance News) - Stocks in London are set to tread water on Tuesday, as investors look ahead to US corporate earnings and economic data.

Read more
18 Jul 2023 07:06

Ocado keeps guidance after return to first half underlying profit

LONDON, July 18 (Reuters) - Ocado the British online supermarket and technology group, whose shares surged last month after a report of possible takeover interest from Amazon, kept its financial guidance for the year as it reported a return to underlying profit in its first half. (Reporting by James Davey; Editing by Kate Holton)

Read more
18 Jul 2023 07:03

Ocado holds guidance after swinging to profit in H1

(Sharecast News) - UK online supermarket Ocado held annual guidance after swinging to a core profit in its first half and said its retail earnings would be "marginally positive" for the full year.

Read more
17 Jul 2023 00:01

UK consumer group calls for government action on grocery prices

Competition watchdog to publish report on grocery prices

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.