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    BP.   GB0007980591

BP PLC

(BP.)
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Delayed Quote. Delayed London Stock Exchange - 10/25 11:36:27 am
360.7 GBX   +1.61%
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BP : Britain looking at temporary measures to alleviate trucker shortage

09/24/2021 | 05:06pm EDT
FILE PHOTO: Truck drivers wanted as UK supply chains buckle

LONDON (Reuters) - Britain is looking at temporary measures to alleviate an acute shortage of truckers, Prime Minister Boris Johnson's office said on Friday, to smooth disruption to food and petrol supplies which retailers have warned could impact Christmas.

Britain's retail industry has warned the government that unless it acts to address the shortage of heavy goods vehicle (HGV) drivers in the next 10 days, then significant disruption was inevitable in the run-up to Christmas.

"We're looking at temporary measures to avoid any immediate problems, but any measures we introduce will be very strictly time limited," a spokeswoman for Johnson's Downing Street office said in a statement.

Downing Street did not give any details on what the measures would be. The trucking industry has called for the government to allow short-term visas for international drivers to enter Britain and fill the gap.

As the world's fifth-largest economy emerges from COVID-19 lockdowns, a spike in European natural gas prices and a post-Brexit shortage of truck drivers have left Britain grappling with soaring energy prices and a potential food supply crunch.

BP had to close some of its gas stations due to the driver shortages while queues formed at some Shell stations as pumps ran dry in some places. ExxonMobil's Esso said a small number of its 200 Tesco Alliance retail sites had also been impacted in some way.

The government has sought to reassure the country over fuel supplies and has played down the impact of Brexit on causing the driver shortage, instead saying the COVID-19 pandemic has hindered the ability to train and test new drivers.

"We have ample fuel stocks in this country and the public should be reassured there are no shortages," the spokeswoman said.

"But like countries around the world we are suffering from a temporary COVID-related shortage of drivers needed to move supplies around the country."

(Reporting by Alistair Smout; Editing by Raissa Kasolowsky)


ę Reuters 2021
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Analyst Recommendations on BP PLC
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Financials (USD)
Sales 2021 172 B - -
Net income 2021 13 895 M - -
Net Debt 2021 39 109 M - -
P/E ratio 2021 7,30x
Yield 2021 4,35%
Capitalization 98 627 M 98 718 M -
EV / Sales 2021 0,80x
EV / Sales 2022 0,81x
Nbr of Employees 63 600
Free-Float 93,9%
Chart BP PLC
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BP plc Technical Analysis Chart | BP. | GB0007980591 | MarketScreener
Technical analysis trends BP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 4,96 $
Average target price 5,27 $
Spread / Average Target 6,08%
EPS Revisions
Managers and Directors
Bernard Looney Chief Executive Officer & Director
Murray Auchincloss Chief Financial Officer & Director
Helge Lund Chairman
Gordon Young Birrell Executive Vice President-Production & Operations
Paula Rosput Reynolds Senior Independent Director
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