G40 Fuel Retailing

Lockdowns need an exit plan: Ampol

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Original article by Perry Williams
The Australian – Page: 15 & 18 : 24-Aug-21

Fuel retailer Ampol has reported a 2021 interim net profit on a replacement cost basis of $205 million, up 71 per cent. Earnings for its fuels and infrastructure unit rose 85 per cent to $208 million, while Ampol declared an interim dividend of $0.52 per share. Ampol has also unveiled a $1.9 billion bid for New Zealand fuels retailer Z Energy, while CEO Matt Halliday has called for the states to start opening up once the 70 per cent vaccination target is met.

CORPORATES
AMPOL LIMITED – ALD

Caltex investors back Ampol rebirth

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 15-May-20

Some 99.8 per cent of Caltex Australia’s shareholders have supported a resolution to change its name to Ampol. The company aims to complete the rebranding of its petrol stations by the end of 2022. Caltex’s interim CEO Matt Halliday has noted the impact of coronavirus-induced travel restrictions; he says that convenience retail fuel volumes fell 16 per cent year-on-year in the 12 months to April, while demand for jet fuel has fallen by up to 90 per cent. Caltex is still looking to sell a 49 per cent stake in a portfolio of petrol stations, via an IPO or a trade sale.

CORPORATES
CALTEX AUSTRALIA LIMITED – ASX CTX

Cut prices to below $1.20, oil giants told

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Original article by Glenda Korporaal
The Australian – Page: 3 : 31-Mar-20

Australian Competition and Consumer Commission chairman Rod Sims notes the slump in oil prices is good for the economy, given Australia is an importer of oil. Sims says that given Australian consumers are struggling to cope with the COVID-19 crisis, they should not be expected to have to buy petrol at above $1.30 a litre. Sims says prices should be, at worse, under $1.20, and "heading considerably lower". Sims is confident the Australian economy will quickly recover once the COVID-19 crisis is over.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Dollar’s fall lifts retailers’ spirits

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Original article by Eli Greenblat
The Australian – Page: 21 : 10-Dec-14

The latest Deloitte Access Economics retail forecasts study shows that the sector can expect higher margins during the 2014 Christmas period, due to the fall of the Australian dollar against the US currency. The overall sales growth figure for the calendar year is tipped to be 5.4%, compared with 3% on average per annum since 2010. The Australian National Retailers Association (ANRA) also forecasts turnover in the second week of December to reach $A7.6bn. However ANRA CEO Anna McPhee notes that retail sector margins have declined in the past three years

CORPORATES
AUSTRALIAN NATIONAL RETAILERS ASSOCIATION LIMITED, DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIAN BUREAU OF STATISTICS

Woolworths, Caltex in food-fuel deal with $2bn IPO on the cards

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Original article by Eli Greenblat
The Australian – Page: 19 & 31 : 6-Jul-18

Grocery giant Woolworths will expand its existing alliance with fuel retailer Caltex Australia. The deal includes a 15-year wholesale fuel supply agreement, the extension of Woolworths’ customer loyalty program to more than 700 Caltex petrol station and the rebranding of up to 250 Caltex outlets under Woolworths’ Metro banner. Woolworths CEO Brad Banducci says the petrol station joint venture could ultimately be spun off, potentially within the next 12 months.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, CALTEX AUSTRALIA LIMITED – ASX CTX, BP AUSTRALIA LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, 7-ELEVEN STORES PTY LTD, DEUTSCHE BANK AG

Failed BP deal won’t hit Woolworths’ refit plans

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Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 15-Dec-17

The Australian Competition & Consumer Commission has blocked the sale of Woolworths’ fuel business to BP on the grounds that it would likely push up petrol prices and reduce competition. Woolworths CEO Brad Banducci said he was disappointed by the ACCC’s decision. Woolworths was due to receive $A1.8 billion if the transaction had gone ahead, with some of the funds expected to be used on an upgrade of Woolworths’ supermarkets. Banducci said the ACCC’s decision should not impact on any refurbishment program.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, BP AUSTRALIA LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, UBS HOLDINGS PTY LTD, SHERPA, YELLO, COLES SUPERMARKETS AUSTRALIA PTY LTD, AIRTASKER PTY LTD, AMAZON.COM INCORPORATED

BP issues price vow in bid to win Woolies deal

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Original article by Sue Mitchell
The Australian Financial Review – Page: 19 : 11-Aug-17

The Australian Competition & Consumer Commission is concerned that BP is not as competitive as Woolworths when it comes to fuel pricing. The ACCC is considering BP’s proposed $A1.8 billion purchase of Woolworth’s petrol stations, which was announced at the end of 2016. If the deal goes ahead, it would make BP the largest fuel retailer and wholesaler in Australia. BP Australia president Andy Holmes says it is keen to work with the ACCC to address any concerns it may have about the transaction.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, BP AUSTRALIA LIMITED, WOOLWORTHS LIMITED – ASX WOW

Woolworths, BP brace for ACCC fuel stations decision

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Original article by Sue Mitchell
The Australian Financial Review – Page: 13 : 11-Jul-17

BP will have a similar number of petrol retailing sites as Caltex if a deal to acquire Woolworths’ petrol business is approved by the Australian Competition & Consumer Commission. The deal would also increase BP’s share of the wholesale fuel market to 30 per cent, compared with about 18 per cent at present. Grant Saligari of Credit Suisse says the ACCC may raise some issues regarding the proposed $A1.8bn deal, although they might not be of sufficient concern to completely veto the transaction.

CORPORATES
BP AUSTRALIA LIMITED, WOOLWORTHS LIMITED – ASX WOW, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CALTEX AUSTRALIA LIMITED – ASX CTX, CREDIT SUISSE (AUSTRALIA) LIMITED, SHELL COMPANY OF AUSTRALIA LIMITED, COLES EXPRESS, MILEMAKER PETROLEUM PTY LTD, WOOLWORTHS LIMITED – ASX WOW

Roy Morgan Customer Satisfaction Awards: announcing Australia’s retail superstars

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 19-Feb-15

Roy Morgan Research announced the winners of its 2014 Customer Satisfaction Awards for the retail industry on 18 February 2015. David Jones was named the Department Store of the Year, while Target won the award for Discount Department Store of the Year. The Reject Shop won the award for Discount Variety Store of the Year, and The Good Guys took out the award for Furniture/Electrical Store of the Year for a fourth consecutive year

CORPORATES
ROY MORGAN RESEARCH LIMITED, DAVID JONES LIMITED, TARGET AUSTRALIA PTY LTD, THE REJECT SHOP LIMITED – ASX TRS, THE GOOD GUYS, AUTOBARN PTY LTD, GUARDIAN CHEMISTS, SUZANNE GRAE, MICHEL’S PATISSERIE, TRUE VALUE HARDWARE LIMITED, DYMOCKS PTY LTD, CRUST GOURMET PIZZA BAR PTY LTD, GULL PETROLEUM PTY LTD, BETTS AND BETTS PTY LTD, BETTS KIDS, SPORTSPOWER, ALDI STORES SUPERMARKETS PTY LTD

Petrol chains gouge country motorists

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Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 15-Jan-15

The Australian Competition & Consumer Commission will investigate allegations that the cost of petrol remains much higher in regional and rural areas than in metropolitan regions. The average price of unleaded petrol is currently around $A1.197 per litre in the five main capital cities. However, motorists in regional cities and towns are paying between $A0.18 and $A0.44 per litre more. This includes Canberra and Hobart

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, COMMONWEALTH SECURITIES LIMITED, AUSTRALIAN INSTITUTE OF PETROLEUM LIMITED, QUEENSLAND. TREASURY, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, BP AUSTRALIA LIMITED, CALTEX AUSTRALIA LIMITED – ASX CTX, 7-ELEVEN STORES PTY LTD, INFORMED SOURCES PTY LTD