BP could get an unexpected boost to its value from the takeover toing and froing currently underway for Japanese owned-7 Eleven owner Seven & I, according to US bank Citi.
Canadian firm and Circle K owner ACT [Couche-Tard] has made a friendly offer for Seven & I, a move that Citi says amplifies its view that the retail marketing businesses within the global integrated oil companies (IOCs) are under-appreciated.
Petrol forecourts are seen taking a growing share of retail consumer spending, especially as charging EVs will mean people will have to stay in them longer
Full story Hudson Interxchange announces big expansion at New York facility (proactiveinvestors.co.uk)
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