Gerald Ronson makes welcome bid

Property tycoon Gerald Ronson is to a bid for a collection of Welcome Break service stations put up for sale by Robert Tchenguiz.

He has boasted he “probably knows more about petrol retailing than anyone in the country” after 40 years in the business.

His forecourt operator, Snax 24, is part of a consortium which also includes private equity firm Grovepoint and the South African bank Investec.

Yesterday all parties refused to comment.

Read more