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WIN Wincanton Plc

602.00
1.00 (0.17%)
Last Updated: 15:38:22
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wincanton Plc LSE:WIN London Ordinary Share GB0030329360 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.17% 602.00 601.00 602.00 602.00 601.00 602.00 206,434 15:38:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Arrange Trans-freight, Cargo 1.46B 33.2M 0.2718 22.11 734.02M

Talks Over Potential UK Fuel Strike Resume Tuesday

10/04/2012 11:22am

Dow Jones News


Wincanton (LSE:WIN)
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Talks between a union representing U.K. fuel-tanker drivers threatening to strike and tanker companies have resumed Tuesday, a spokesman for the union said.

Members of Unite, the union representing the fuel tanker drivers, voted last month to take strike action if tankers companies didn't agree to requests about improved working conditions. A nation-wide strike by fuel-tanker drivers, which last occurred in 2000, could lead to gasoline shortages at filling stations across the U.K.

The strike would involve around 90% of drivers delivering fuel to U.K. gas stations for 11 oil companies and could affect the fuel retail operations of J. Sainsbury PLC (SBRY.LN), Tesco PLC (TSCO.LN), Asda Group Ltd., a subsidiary of Wal-Mart Stores Inc. (WMT), ExxonMobil's (XOM) Esso brand, and Royal Dutch Shell PLC (RDSA), the union has said.

Discussions by U.K. arbitration group Acas to resolve the dispute began Wednesday. According to U.K. law, Unite must strike by April 23, 28 days after the union voted to take industrial action. The union must also give seven days notice before taking strike action.

The distribution firms affected by the ballot are Wincanton PLC (WIN.LN), DHL, Hoyer Group, BP PLC (BP), J.W Suckling, Norbert Dentressangle, and Turners. J.W. Suckling is not attending the talks.

A spokeswoman for Wincanton PLC (WIN.LN) said Acas would release a statement later this afternoon with an update on the talks, but that it could not comment on the talks so far.

-By Jenny Gross, Dow Jones Newswires; 4420-7842-9239; jenny.gross@dowjones.com

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