RESOLVING THE LEDGER
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Live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licences
Petrol prices in the UK are expected to rise to their highest level so far this year this weekend after Donald Trump restarted attacks on Iran, adding to pressure on household finances.
The AA , a motoring services company, said that average UK petrol prices had risen to 159.5p a litre on Thursday, having gone up more than 3p this week.
The intriguing aspect of current pump prices is that, in early May when wholesale costs shot up 3p to 6p for more than a fortnight, average petrol prices put on less than 2p. Fuel Finder compliance started to be enforced at the beginning of the month and that likely had an impact.
When costs plummeted from late May onwards, pump prices followed rapidly which was unlike previous years of ‘rocket and feather’ pump pricing.
What attracted us to Argos is the strength of the business, with a trusted brand, loyal customers and dedicated colleagues. We believe strongly in Argos’s future and see real opportunities to invest and build on its progress.
Argos’s combination - of a strong digital business supported by standalone stores, stores inside Sainsbury’s and local fulfilment centres - gives it a distinctive position in the market and an excellent platform for growth.
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