- New prices will come into effect tomorrow
- Move comes after a warning from Government that it was looking at ways to ensure petrol retailers do not delay price cuts when wholesale costs fall
- Lowest price in over a year as prices have fallen 11p since their peak in April
- But cost of petrol will start to rise again in the summer because of Government plans for fuel duty increase in August
By Jill Reilly
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A fresh supermarket price war on the forecourts is underway with giants Asda and Sainsbury's cutting up to 3p a litre from the price of fuel.
The retailers said the new charges would come into effect tomorrow.
The slash follows April’s record high petrol prices, which pushed the price of filling a family car to 100.
Slashed: Supermarket giants Asda and Sainsbury's are cutting up to 3p a litre from the price of fuel. The retailers said the new prices would come into effect tomorrow
The cuts mean that filling a typical car will be the cheapest since February 2011, according to experts.
Asda said an ease in global oil prices has enabled it to pass those savings on to motorists.
Transport Secretary Justine Greening said the Government would be prepared to introduce new laws to control prices
Drivers filling up at any of Asda's 195 forecourts nationwide will now pay no more than 129.7p per litre for unleaded and 134.7p per litre for diesel.
Andy Peake, Asda's director of petrol trading, said: 'Motorists will be pleased to know fuel is now at the lowest price in over a year as prices have fallen 11p since their peak in April.
'Unlike other retailers, our price cuts benefit everyone across the country, meaning that no-one filling up at Asda will be forced to pay a premium for their fuel.'
A Sainsbury's spokesman said: 'From tomorrow we will be cutting petrol and diesel prices in our petrol stations by up to 3p per litre. Sainsbury's is committed to delivering great value and helping customers cut down on cost wherever possible.'
A spokesman for the AA welcomed the cuts, saying that motorists would be getting a 'good price' for fuel.
But the cost of petrol looks set to rise again in the summer - in August the Government has planned 3.02 pence per litre rise in fuel duty.
The move to pass on lower prices to drivers comes after a warning from Government that it was looking at ways to ensure petrol retailers do not delay price cuts when wholesale costs fall.
Two weeks ago, Transport Secretary Justine Greening said companies should develop a code of practice to stop the 'indefensible' practice of petrol companies raising prices at the pump as soon as wholesale petrol and oil prices rise, only to delay lowering them again when costs fall.
She said the Government would be prepared to introduce new laws to bring about the change if companies failed to come up with a code of their own.
Olympic hours for Sunday shoppers - Westmidlands.com
Shopping centres will open for longer on Sundays throughout the summer to cash in on the Olympics as a boom in visitors is expected in the country, bosses revealed today.
The Bullring in Birmingham will open for an extra three hours during the Games. While the Guildhall Shopping Centre in Stafford and Merry Hill in Dudley will be open for two hours longer on Sundays.
Meanwhile, bosses at both the Mander Centre and the Wulfrun Centre in Wolverhampton today said they were also considering extending their opening hours.
The Government has relaxed the Sunday trading laws to help boost trade during the Olympics, when it is estimated more than one million people will visit the UK. Chancellor George Osborne first proposed emergency legislation so large shops in England and Wales can trade for more than six hours in his budget.
The laws have been suspended for eight weekends from July 22 during the Olympics and Paralympics.
At the Bullring, the weekday opening hours will remain the same but the centre will be opening longer on Sundays between July 29 and September 9, from 10am until 7pm, instead of 11am until 5pm.
While Merry Hill will be open between 10am and 6pm from July 22 and September 9, instead of 11am until 5pm.
Westfield, which owns the centre, says it will be running special events and hosting entertainment during the summer.
Centre manager Lucas Ross said: “Department stores and speciality stores will be open and we anticipate shoppers will love the extra flexibility to shop later on Sundays during this time.”
Wolverhampton’s Mander Centre director Nicholas Pitt said the venue was in discussions with tenants about extended opening hours.
He said: “We are looking at what can be done so our tenants can capitalise on trade. For some it might not make sense, depending on costs involved with remaining open. We hope to make an announcement in the next few days.”
The Guildhall Shopping Centre will be open between 9.30am and 5.30pm on Sundays from July 22, instead of 10.30am – 4.30pm.
Meanwhile, Wulfrun Centre bosses are expected to speak to traders about the possibility of extending opening hours today.
Queens Square Shopping Centre in West Bromwich will not be extending its opening hours.
Cellphone-Mate Signs Exclusive Distribution Agreement with Teletouch Subsidiary PCI Wholesale - Marketwatch
FORT WORTH, Texas, Jun 12, 2012 (BUSINESS WIRE) -- Teletouch Communications, Inc. /quotes/zigman/221833/quotes/nls/tlle TLLE 0.00% , a leading U.S. wireless services, cellular, consumer electronics and public safety equipment distributor, today announced that Cellphone-Mate, Inc., a leading designer and manufacturer of high quality wireless signal amplifiers and repeater systems, recently signed a new multi-year distribution agreement appointing Teletouch's wholly-owned subsidiary, Progressive Concepts, Inc. dba PCI Wholesale as an exclusive Master Distributor for a variety of exclusive retail and other distribution accounts. PCI Wholesale now offers a full line of Cellphone-Mate products.
Hongtao Zhan, CEO and President of Cellphone-Mate stated, "With PCI's long standing reputation in the wireless industry as one of the most trusted distributors of high-quality, mobile broadband products and technology, they are an ideal partner for us as we continue to build our brand and expand sales of our SureCall(R) product line of cellular amplifiers throughout the U.S."
"Cellphone-Mate is a leading provider of first-to-market, economic innovations in cellular amplification technology delivering improved, uninterrupted reception for 2G-4G voice and data and dual band coverage," stated T.A. "Kip" Hyde, Jr., President and COO of Teletouch and CEO of Progressive Concepts. "Cellphone-Mate was the first to bring a 4G amplifier to the market, and we are particularly excited about their latest innovation, the SureCall Force-5(R), which is the wireless industry's first self-contained amplifier delivering multiple bands for Verizon and AT&T LTE, T-Mobile AWS and dual-band for 2G and 3G devices. The addition of Cellphone-Mate's SureCall amplifiers completes our line-up of signal amplification products, allowing us to offer our customers a high quality, enterprise grade solution to fit a wide range of budgets."
About Cellphone-Mate
Founded in 2001 and based in the Silicon Valley, Cellphone-Mate, Inc. is an industry leader with multiple patents pending for its superior signal amplifier technology. Fortune 100 and 500 companies, including Hewlett-Packard, ExxonMobile and Newell-Rubbermaid, trust and use Cellphone-Mate products, as does the U.S. Military, State Department, and top universities such as Stanford and Duke, and a multitude of other customers seeking cellular reception solutions. Cellphone-Mate continues to develop innovative new products addressing the changing needs of all types of cellular and mobile broadband users. For more information, visit www.cellphone-mate.com .
About Teletouch Communications
For over 47 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Teletouch is a leading Authorized Services Provider for AT&T products and services to consumers, businesses and government agencies, as well as an operator of its own two-way radio network and LTR systems in Texas. Teletouch operates a chain of 16 retail and authorized agent stores under the "Teletouch" and "Hawk Electronics" brands, in conjunction with its direct sales force, call center and various eCommerce websites including: www.hawkelectronics.com , www.hawkwireless.com and www.hawkexpress.com . Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving Tier-1 (AT&T, T-Mobile, Verizon, Sprint) cellular carrier agents, Tier-2, Tier-3 and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com , among other B2B oriented websites.
Teletouch's common stock is traded Over-The-Counter under stock symbol: TLLE. Additional information about the Teletouch family of companies can be found at www.teletouch.com .
All statements from Teletouch Communications, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the PSLRA of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
SOURCE: Teletouch Communications, Inc.
Trade & Customer Contact: PCI Wholesale Chris Mundt, 817-654-6191 Director chris.mundt@teletouch.com or Investors & Analysts Contact: Teletouch Communications, Inc. Amy Gossett, 800-232-3888 Investor Relations investors@teletouch.com
Copyright Business Wire 2012
Trap rules out major changes - SkySports
The Irish take on holders Spain in Gdansk on Thursday desperate to take something from the game following their 3-1 defeat to Croatia in their Group C opener.
There have been calls for change in the starting XI following the Republic's limp display against Croatia, but Trapattoni is ready to keep faith with the majority of his players.
"Our team usually play better against famous teams, famous players. We must believe in our quality, the reasons that got us here," noted Trapattoni.
"Usually Spain dominate the midfield. I think we can adapt ourselves with the players we have. We have other players that can do double jobs. For example, Cox and Walters. They can help."
"Our team usually play better against famous teams, famous players. We must believe in our quality, the reasons that got us here."
Giovanni Trapattoni Quotes of the week
When asked whether it would be skipper Robbie Keane who made way, Trapattoni added: "Keane is very important. He has personality, experience."
Trapattoni also suggested he is unlikely to throw in Sunderland's James McClean against Spain, preferring to stick with his experienced players.
"It is important to [introduce young players] at a quiet opportunity, not when we need a performance under pressure. It's a heavy weight on his shoulders," added Trapattoni.
No second guessing
Meanwhile, Trapattoni admits he does not know what to expect from Spain counterpart Vicente del Bosque as the pair prepare for Euro 2012 battle.
Del Bosque caused raised eyebrows when he named his team for Sunday night's Group C opener against Italy and did not include a single specialist striker.
That left £50million Fernando Torres and Athletic Bilbao star Fernando Llorente, among others, kicking their heels on the bench.
However, Republic of Ireland manager Trapattoni is not about to try to second-guess an old foe ahead of Thursday night's must-win encounter between the two nations in Gdansk.
"I think after I saw the game, maybe, maybe, he will play with Torres. Maybe. But Vicente decides his own tactics," said Trapattoni.
"Maybe he thought the Italians have a good defence and he would play with these small, fast and tactical players.
"He changed when he understood. At this moment, he had the necessity to put up front a big striker and he [Torres] had a good opportunity.
"I don't know how he will play against us. Sure, we know which team we have in front of us, what quality they have. I have an idea, but at this moment, I couldn't say 'this' or 'this' or 'this'.
"But I can't think about if they will play with Torres or without Torres, also Llorente or the other strikers. That's not my job, it's Vicente's job."
London's top shops: LN-CC boutique, Dalston - Daily Telegraph
The same thoughtful approach is applied to the collection of stylish garments on offer. Shopping at LN-CC is a world away from browsing the rails in one of the high-street chains. The experience is more like visiting an exhibition, leaving fast fashion far behind. And it goes without saying that you shouldn't expect fast-fashion prices either – Harvey Nichols and Dover Street Market price points would be more comparable.
A core group of designers (think Ann Demeulemeester, Dries Van Noten and Haider Ackermann) are constants in the boutique's stable of brands, while garments from new, emerging talents such as St Martins graduate Yang Li ensure that stock remains fresh and inspiring. It's evident that co-founder and ex-buyer for Harrods and oki-ni John Skelton has an expert eye for style, putting together a collection of pieces that feel innovative and reflect contemporary fashion without bowing to seasonal trends.
“We support young designers from all over the globe,” says Mitchell, as evidenced by offerings such as the store’s exciting range of Japanese streetwear. International brands aside, LN-CC's Dalston location was a considered choice for both founders: “Many people initially questioned the location, but one year later we have many loyal local customers. It was a great move in hindsight, this area is now booming with interesting galleries, stores, bars and cafés.”
Image: Shopikon
And Dalston's development echoes the continued success of LN-CC; there are plans for two new rooms within the concept store (including a dedicated accessories showroom), both created through a further collaboration with Gary Card. Despite the boutique's expansion, LN-CC promises to remain a relaxed, laidback environment. “Anyone can come down - not only to shop but listen to music or just hang,” promises Mitchell. Yet more reasons to pay LN-CC a visit. Just make sure you take a map.
Address: Late Night Chameleon Café, 18 Shacklewell Lane, London E8 2EZ
Opening hours: To make an appointment to visit LN-CC, telephone 0203 174 0727 or email appointments@ln-cc.com with your preferred time and date.
Getting there: by Overground to Dalston Kingsland or Dalston Junction.
Shopikon is a shopping guide and smartphone app that details the best local, individual shops in London, New York, Barcelona and elsewhere. For the guide's latest local and international shopping recommendations follow @shopikon on Twitter.
Margao's wholesale fish market to get facelift - Times of India
MARGAO: The wholesale fish market opposite KTC bus stand in Margao will soon get a facelift even as South Goa planning and development authority (SGPDA) chairman Rajan Naik will inspect the market next Tuesday to take stock of the situation.
"On the fish market issue, discussions are underway and we are seized of the matter. We will request the government for special grants for restructuring of the market," said Naik, while addressing mediapersons after the conclusion of a SGPDA board meeting that was held on Tuesday.
Last week, petitioner Savio Dias threatened to file a contempt petition within 15 days if the cleanliness and hygienic conditions at SGPDA's wholesale and retail market complexes were not improved. In the first week of February, the high court of Bombay at Goa disposed of the petition filed against the SGPDA following its affidavit listing the measures taken to ensure cleanliness and maintenance of the two market complexes.
Tuesday's board meeting was attended by Margao MLA Digambar Kamat, Fatorda MLA Vijai Sardesai, Margao municipal chairperson Arthur D'Silva, BJP leader Rupesh Mahatme and SGPDA member secretary Rajesh Naik.
Chairman Naik stated that all revocation or stop work orders that were issued against private projects would be withdrawn only after the party concerned sorted out grievances against them. Fatorda MLA Sardesai revealed that acting on complaints from NGOs, the files of a few 'big' projects had been sent to the town and country planning board for review.
The current ARA quotation for 95RON unleaded is 918$/Te which is 44p/l. Add to this 57.95p/l fuel duty = 1.02/l. Multiply this by 1.20 to account for the VAT = 1.22p/l. Now add 11p/l for storage, transportation and retail margin and you arrive at a total of 1.33p/l. Back in April 95RON unleaded peaked at 1,208$/Te which would result in a price at the pump of 1.49/l using the same calculation and adjusting for the /$ exchange rate. As you can see even though the market quotation is lower by 25% the pump price is only lower by 11%. This is because duty and VAT comprises about 55-60% of the price, transportation etc about 7% and the wholsale price of the fuel the remaining 38-33%. Therefore when the wholelsale price of fuel reduces by 25% the pump price will only reduce by approximately (25% x 35%)*1.2 (VAT) = 11%. It should also be remembered that the oil market is based on $ quotations and in April the exchange rate was 1.60$/$ compared with 1.56$/ currently.
- Oilman, London, 12/6/2012 22:21
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