Sainsbury’s car insurance tie-up June 5, 2011 SAINSBURY’S Finance is planning to launch a new reward scheme for shoppers, aimed at tapping the car insurance market. The scheme, underwritten by RBS Insurance, will see Sainsbury’s Nectar card users receive a discount of up to 15 per cent on car insurance premiums. Shoppers will also get double loyalty points on purchases in-store for [...]
ALL CHANGE AT LLOYD’S AS IT RINGS 25 YEARS May 26, 2011 IT MAY seem like only yesterday for many City veterans, but today marks 25 years since the first managing agents moved into the landmark Lloyd’s building on Lime Street. So happy anniversary to the insurance giant, which still shows traces of more than 300 years of Lloyd’s history, such as the famous Lutine Bell, which [...]
Tesco market share rises as Asda sees dip May 24, 2011 TESCO’S market share rose for the first time since November last year, according to Kantar Worldpanel market share data. For the 12 weeks to 15 May Tesco’s market share rose to 30.7 per cent, from 30.6 per cent. The only other retailer in the top four to increase its share was fourth-placed Morrisons. Its share [...]
Morrisons is leading race for Iceland May 22, 2011 SUPERMARKET chain Morrisons is being touted as the frontrunner in the race to buy into rival Iceland, after majority owner Landsbanki officially launched a sales process for its holding in the company. The Resolution Committee for Landsbanki said last week that according to advisers UBS and Bank of America Merrill Lynch, “market conditions are currently [...]
Deal would shake up the supermarkets May 22, 2011 COMPETITION objections notwithstanding, Iceland’s 780 stores would be a huge boost to Morrison’s forecast earnings, giving it the foothold in the convenience store industry that chief executive Dalton Philips made central to its growth plans last year. They would also cement Morrison’s presence in the south of the country. Though the Bradford-based company has made [...]
Land Securities and miners lead the FTSE index to gains May 18, 2011 STRONG energy stocks and miners drove Britain’s top shares higher yesterday as investors welcomed results from Land Securities. The FTSE 100 index ended up 62.49 points, or 1.1 per cent, at 5,923.49. Other London indices followed suit, with the FTSE 250 closing up 51.55 points, or 0.4 per cent at 11,887.54 and the FTSE AIM [...]
Land Securities and miners lead the FTSE index to gains May 18, 2011 STRONG energy stocks and miners drove Britain’s top shares higher yesterday as investors welcomed results from Land Securities. The FTSE 100 index ended up 62.49 points, or 1.1 per cent, at 5,923.49. Other London indices followed suit, with the FTSE 250 closing up 51.55 points, or 0.4 per cent at 11,887.54 and the FTSE AIM [...]
FTSE buoyed by commodity price rebound May 18, 2011 The FTSE came within a nudge of 6,000 today as strong gains by commodity prices strengthened mining stocks, while property companies topped the gainers. The FTSE 100 closed at 5,923.49, above the 5,860 support level, as risk appetite returned to the market, helped by positive economic data showing UK unemployment fell for a second consecutive [...]
UK retailers are serving up higher high street prices May 16, 2011 ACCORDING to a report issued by economic forecasting group Ernst and Young ITEM Club yesterday, UK retailers are in for a difficult time in the years ahead. The report points to rising inflation and energy bills – without corresponding wage increases – leaving households with less disposable income. “World prices for food, fuel and fibres [...]
RBS GIVES BACK WITH BORIS BUSINESS DEAL May 15, 2011 GOOD to see that RBS, 83 per cent owned by the taxpayer, is giving something back, after the bank donated £275,000 to Mayor of London Boris Johnson’s “Business Bootcamps”. The scheme, launched last Friday, aims to help London’s fledgling entrepreneurs get their businesses off the ground through a series of bootcamp-style workshops run by business [...]