Caltex has received an $8.6 billion takeover offer from Canadian convenience giant Couche-Tard. Caltex confirmed in a ASX announcement today it had received an “unsolicited, conditional, confidential, non-binding and indicative proposal” from the Laval-based firm which operates 5,000 stores across Canada, the United States, Europe, Mexico, Japan, China, and Indonesia. The takeover would also need […]
Caltex receives $8.6 billion takeover bid Read More »
Shell has expanded into the US, installing its first electric vehicle (EV) chargers under the Shell Recharge brand at Boston’s Logan airport, choosing chargers from Brisbane-based Tritium. Installed by Shell member and EV charging provider Greenlots, the units are 50kW Veefil-RT DC fast-chargers from Tritium which can add around 150km range to an electric vehicle in
Shell installs Australian-designed EV chargers in US Read More »
Fuel and convenience retailer, 7-Eleven Australia has netted $78 million in its one-day auction extravaganza of 15 petrol stations around the country. Nearly 350 turning up at live-linked auction events this week in Sydney and Melbourne conducted by portfolio specialists Burgess Rawson. The 7-Eleven stores were spread across New South Wales, Victoria, Canberra and Western
7-Eleven earns $78m for 15 petrol stations Read More »
Coles has revealed its first quarter (Q1) sales revenue for 2019 comprising an increase in sales revenue for its Coles Express line. Convenience sales revenue for the first quarter was $264 million, up 3.1% on the prior corresponding period with comparable c-store sales growth of 0.4%. The result was largely a result of the Little
Coles Express sales revenue up in Q1 Read More »
7-Eleven Australia’s fuel app has hit two million downloads and Australian drivers have collectively saved more than $16.8 million dollars on their fuel since January 2017, according to the company. 7-Eleven Australia CEO, Angus McKay, said the company’s customers have benefited from locking in when prices are lower and redeeming over the following 7 days
7-Eleven fuel app saving Australia drivers $16.8 million Read More »
A new report by the Australian Competition and Consumer Commission (ACCC) has released a report that encourages consumers to fill up at low-priced petrol retailers. The ACCC report analyses average retail petrol prices throughout 2018, and compares the prices between high- and low-priced major petrol retailers in the eight Australian capital cities. “The data reveals that
Independent petrol retailers cheaper: ACCC Read More »
Petrol station operator APN Convenience REIT is set to expand its network with a proposed $75 spending spree, according to a report Business News Australia. The group will buy 13 petrol stations and convenience stores in South Australia, Western Australia, Queensland and the Northern Territory for a total consideration of $74.6 million, said the report.
APN Convenience REIT to buy 13 petrol stations Read More »
Caltex has opened The Foodary store in Weston Creek, Canberra – the first in the ACT. The location features an in-store Boost Juice, free WiFi and barista made coffee 24/7. This is ACT’s newest service station and provides a fuel and convenience offer for the residents of Weston Creek and Canberra’s growing Molonglo Valley. “Weston Creek provides great
Caltex opens ACT’s first The Foodary Read More »
Petrol prices across the country have started to fall following 11-year highs in Melbourne and Adelaide last week, and record highs in Brisbane. Both Melbourne and Adelaide petrol prices reached 166 cents per litre last week and NRMA spokesman, Peter Khoury, had warned customers that they were expecting Sydney petrol prices to also reach 11-year
Petrol prices starting to fall following 11-year highs Read More »
PetrolWorld has announced its fuel retail and distribution summit, PW Summit Singapore 2020, will take place in Singapore on 16 and 17 June 2020. Day 1 will see the 4th PW Fuel Retail Conference being held with a special focus on ‘Technology’. Day 2 will see the introduction of the 1-to-1 Business Meeting schedule. The
Fuel summit for Singapore in 2020 Read More »
Convenience and fuel retailer Russell Withers’ 7-Eleven group will sell 15 7-Eleven sites around the country in a one-day auction. The prominent sites will be sold by auction specialists Burgess Rawson at live-linked events in Sydney and Melbourne on 30 October and may net the business $70 million. The 7-Eleven sites in Sydney include Clyde
7-Eleven selling 15 outlets at auction Read More »
The fifth electric vehicle (EV) rapid charging station by EV network provider Chargefox is now open in seaside village and surf mecca Torquay, Victoria. The latest site will feature four chargers in total in what will be a 22-strong network of ultra-rapid and fast chargers. With an additional 17 ultra-rapid charging stations in development, the
New EV charging stations open in Victoria Read More »
Caltex intends to sell three service stations in Sydney’s inner west as part of a plan to offload 50 properties across Australia. The sites that have come up for sale are in Newtown, Concord West and Drummoyne, and are expected to appeal to mixed-use developers. Experts believe that if sold together, the three petrol stations
Caltex selling three Sydney petrol stations Read More »
