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October

The taxman cometh?
04 October, 2010

Hard on the heels of recent moves by HMRC (Revenue and Customs) affecting several million PAYE taxpayers who had innocently believed that they'd already paid all their tax, only to find some unwelcome brown envelopes arriving in their post, come rumours from some tax specialists that the taxman's next target will be small and medium businesses.

Help and advice from Jac Roper
04 October, 2010

 

Down memory lane
04 October, 2010

The names Robert and Hugh Fraser, Susie Hawkins, Jonathan James, Karl Brocklehurst and Philip Tout probably sound familiar. They're all past winners of the Forecourt Trader of the Year Awards, but there's something else or rather someone else that links these highly successful petrol retailers.

Business as usual
04 October, 2010

It's been a couple of months now since the Arkansas-based Murphy Oil Corporation announced board-of-director approval for plans to exit the refining business. Two American refineries and one in the UK at Milford Haven, Wales along with what was described as the "retail system" were put up for sale. The reason, according to the company's president and chief executive officer David Wood: "Murphy's upstream and US retail businesses have demonstrated marked growth and financial performance over the past several years. By exiting the refining business, we can fully focus our attention and resources on continuing that growth." Since then there has been much speculation, and not a sniff of confirmation, about who and how it would be sold. Murphy Oil anticipates a transaction being completed in the first quarter of 2011. Goldman, Sachs & Co is serving as exclusive financial advisor to Murphy during this process.

Smoke alarm
04 October, 2010

Up to 17% of cigarettes and 54% of handrolling tobacco used in the UK is smuggled. That's one of the headline messages to retailers from tobacco firm JTI's new Tobacco Smuggling report.

System support
04 October, 2010

According to the experts, many forecourt retailers are not using their epos systems to their full potential. Steve Watts, sales director at Torex Petroleum and Convenience, is one of those experts. He says: "We have been working hard with our customers to ensure that reducing queues and increasing margins are top of the agenda. We have been holding free consultative reviews and have achieved some remarkable results. It has proved that, where the functionality allows, by using their epos to manage their business rather than just to add up numbers, it can significantly improve margins and increase customer spend."

Xmas list
04 October, 2010

There are loads of special festive lines around this year to add excitement to your displays.

Share options
04 October, 2010

With its relatively low price point and feel-good factor, the chocolate confectionery category is more than holding its own in the forecourt shop. According to IRI data, the chocolate confectionery category in the convenience channel is now worth £1.3bn and growing by 3% year-on-year.

Automechanika 2010: a showcase of technology
04 October, 2010

A mind-boggling array of the latest developments in service station and car wash technology was featured at Automechanika 2010, which took place last month in Frankfurt, Germany. It is a mammoth exhibition which describes itself as "the leading international trade fair for the automotive industry". It claims to beat the size of the world's biggest motor shows the total fair covers 305,000sq m and this year broke records by attracting 155,000 visitors from 180 different countries.

JTI boosts its 14s range
04 October, 2010

JTI is launching 14s packs of its Mayfair and Silk Cut cigarettes, which will join the existing Benson & Hedges Gold and Silver 14s, to create a new range. Mayfair 14s will be available nationally from the beginning of this month, with Silk Cut 14s following later in the year.

When a major car manufacturer like Ford predicts that sales of its electrified cars will outnumber petrol and diesel models by 2022, does that ring alarm bells about the possible speed of change for forecourts?