We Drove A Lot Less Last Year, But Ronson’s Petrol Stations Made Even Bigger Profits

Last year there were a lot fewer cars on the road in Britain — we collectively drove 21% fewer miles than in 2019, according to government stats. That might not be surprising — but what is surprising is that in spite of this, one of property’s highest-profile investors still managed to increase profits from his huge petrol station property business.
Gerald Ronson’s GMR Capital saw operating profit rise 13% to £41.5M in the 12 months to September, new accounts filed at Companies House show. 
That only takes in half of the period of the coronavirus pandemic, but the company said that its sites…

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