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.... But Scottish Power seems unable to comprehend this and keeps increasing my direct debits, so I am overdrawn. I have now fallen off its discount rate and am stuck on the costly standard charge. ... [Read full article on Guardian ]
Thursday 17th of August 2017 06:00:00 AM
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.... These types of firms can offer staff benefits such legal advice and round the clock access to a GP at a low cost to employers. In this way, building service engineers JS Wright has introduced a programme that gives its staff and their families confidential legal advice, bereavement support, a 24-hour-GP service, counselling, an online health-check, nutritional advice and various discounts – costing the company just £5 per employee. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:00:31 AM
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....While Asda flagged its strategy of cutting prices on key items, a return to grocery price inflation spurred by the fall in the value of sterling is also likely to have helped the chain, owned by US retailer Walmart. Supermarkets have been struggling to cope with the rapid expansion of discounters Aldi and Lidl in the UK, which forced them to cut prices on many everyday basics. ... [Read full article on Guardian ]
Thursday 17th of August 2017 12:17:23 PM
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Latest Finance News related to Discount

Asda returns to sales growth thanks to price cuts and inflation image
Source : Guardian [Read Article] Thursday 17th of August 2017 12:17:23 PM
....While Asda flagged its strategy of cutting prices on key items, a return to grocery price inflation spurred by the fall in the value of sterling is also likely to have helped the chain, owned by US retailer Walmart. Supermarkets have been struggling to cope with the rapid expansion of discounters Aldi and Lidl in the UK, which forced them to cut prices on many everyday basics. ...
Metric meter and imperial bills leave Scottish Power confused image
Source : Guardian [Read Article] Thursday 17th of August 2017 06:00:00 AM
.... But Scottish Power seems unable to comprehend this and keeps increasing my direct debits, so I am overdrawn. I have now fallen off its discount rate and am stuck on the costly standard charge. ...
From standup comedy classes to free massages – wellness at work goes mainstream image
.... These types of firms can offer staff benefits such legal advice and round the clock access to a GP at a low cost to employers. In this way, building service engineers JS Wright has introduced a programme that gives its staff and their families confidential legal advice, bereavement support, a 24-hour-GP service, counselling, an online health-check, nutritional advice and various discounts – costing the company just £5 per employee. ...
ENERGY customer delivered into safe hands after dire billing muddle  image
Source : Daily Express [Read Article] Monday 14th of August 2017 02:39:00 PM
....The situation isn’t perfect but much more support exists now for vulnerable customers to ensure they get a smooth supply and at the best price possible. So start thinking smart meters (and forget estimates), whether you are eligible for a warm home discount, getting on the priority services register, and remember if you build up a £5 plus credit you can get it back immediately and will automatically after a year, so don’t go cancelling direct debits if you are still under contract. ...
Aw, Snapchat! Its shares stood little chance in the face of Facebook image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
.... This was presented as an exercise in internal restructuring – a stripping out of a layer of management – but a grumble about the former chancellor’s 2015 budget all helps to encourage the idea that outside forces are upsetting the retail sector. Yet times can’t be too hard at Wilko, despite the expansion of rival discount chain B&M in the homewares market. ...
Gloom for Asda as it posts worst results this century image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
....7m. The big four supermarkets continue to face intense competition from discounters Aldi and Lidl, and are also facing pricing pressures following the recent fall in the value of the pound. ...
Wilko warns nearly 4,000 staff could lose jobs image
Source : Guardian [Read Article] Friday 11th of August 2017 12:06:40 PM
....”. The company, founded by James Kemsey Wilkinson – known as JK – in Leicester in 1930 has grown to employ 20,000 people working in 406 stores across the country, but has struggled to compete with the rise of other discount chains such as B&M and Poundland. ...
Thousands of Asda workers face redundancy or reduced hours image
Source : Guardian [Read Article] Thursday 10th of August 2017 12:08:18 PM
....3bn, as shoppers flocked to cheaper rivals. The supermarket industry is going through massive change as Tesco, Asda, Sainsbury’s and Morrisons are forced to cut costs to respond to the threat posed by the fast-growing discounters Aldi and Lidl, as well as grocery sales moving online. ...
Morrisons promises not to adopt brands using fake farm names image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:21:26 PM
....In April, Asda relaunched its value Smart Price food range as Farm Stores, reigniting the row. German discounter Aldi replaced its Wood Farm brand with Nature’s Pick earlier this year, while its Ashfield Farm brand sells 100% British meat. ...
Sainsbury's cost-saving measures will cut 1,000 head-office jobs image
Source : Guardian [Read Article] Sunday 6th of August 2017 04:17:04 PM
....The UK’s second-largest supermarket chain has drafted in McKinsey, the management consultancy, to draw up a headcount reduction plan. All the big supermarket chains have announced job cuts in recent years as they seek to compete with the fast-growing discounters Aldi and Lidl. ...
Two pints of best and an English rosé as wine comes to the beer festival image
....Is Pets at Home still in the doghouse? The retailer has had a tumultuous time of late and investors will no doubt be listening closely on Tuesday when its management gives a trading update for the first quarter of the year. The share price dropped in May when Morgan Stanley warned that specialist retail chains such as Pets at Home, which has more than 400 superstore outlets, were not sustainable in the age of the internet and discount stores. ...
Asda posts worst annual figures since Walmart takeover image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 01:21:34 PM
....While shoppers can buy Asda food over the internet, the supermarket has been hit harder than most because it refuses to join rivals in opening smaller stores. The “big four” have also come under attack from discounters Aldi and Lidl, which can undercut their bigger rivals by stocking fewer high-quality ranges. ...
Price cap still possible, government warns energy companies image
Source : Guardian [Read Article] Tuesday 1st of August 2017 07:19:42 PM
....The regulator held a summit last week with consumer groups on developing a “safeguard tariff” to extend an existing cap for the 4m households on prepayment meters to a further 2. 6m poorer households who receive the warm home discount. ...
Angry at British Gas price hike? Save your fury for the government image
Source : Guardian [Read Article] Tuesday 1st of August 2017 07:12:54 PM
....That ambition has been killed by opposition on Tory benches to price caps. Thus the whole issue has been booted off to the regulator Ofgem, which will probably only back a limited “safeguard tariff” for customers on warm home discounts. ...
Grocer Booths forced to call in accountants for financial health check image
.... It is its first financial trouble in 170 years and mostly due to the terrible floods and the volatile retail climate,” one source said. The firm has also come under attack from discounters Aldi and Lidl, like other established supermarkets, and faces fierce competition from bigger rivals and online players. ...
Mock chocs: is Poundland’s cut-price confectionery the answer to shrinkflation? image
....We couldn’t get hold of Twin Peaks, because – naturally – Poundland has run into legal difficulties over it. But what about the rest of the discount retailer’s range? Can they compete on flavour? The proof of the pudding is in the eating, so let’s get sick. ...
Digital railcards could be just the ticket to avoid penalty fares image
Source : Guardian [Read Article] Saturday 29th of July 2017 05:59:43 AM
....Within the next few weeks, young people buying the popular 16-25 Railcard will be offered the digital one for the first time. Next will be the Network Railcard, which provides discounts on trains across routes into London and south-east England. ...
'Incredible shrinking airline seat': US court says seat size a safety issue image
....Airlines have steadily reduced the space between rows to squeeze in extra seats and make more money. On discount carrier Spirit Airlines, the distance between the headrest of one seat and that of the seat in front of it a distance called “pitch” is 28 inches (71cm), which, after accounting for the seat itself, leaves little legroom for the average passenger. ...
Leasehold houses and the ground rent scandal: all you need to know image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:05:21 PM
.... They find their homes almost unsaleable, because lenders, particularly Nationwide, won’t grant mortgages against homes with onerous ground rent clauses, while conveyancing solicitors will warn prospective buyers off. Homes blighted by ground rent are saleable only at a huge discount. ...
Sport and sunshine fuel surge in UK supermarket alcohol sales image
Source : Guardian [Read Article] Tuesday 25th of July 2017 11:59:45 AM
....Sales of supermarkets’ own-label goods rose by nearly 7% year on year in the last three months, according to Kantar, to account for just over 51% of spending, a record high marking a switch away from more expensive brands. Meanwhile, discounters Aldi and Lidl were by far the fastest-growing chains in the UK, with sales up 17. ...
Jimmy Choo auctioned off to US fashion brand Michael Kors for £900m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:16 AM
....7m, as sales in the US were hit by the decline of department stores and the falling value of the pound which pushed up costs. Jonathan Buxton, head of consumer and retail at Cavendish Corporate Finance, said: “Jimmy Choo is a widely popular footwear brand but like so many upmarket brands, it has been facing declining sales due to discounting in department stores and customer preferences moving away from conspicuous labels. ...
Tesco to extend same-day online delivery service across UK image
Source : Guardian [Read Article] Monday 24th of July 2017 03:24:21 PM
.... The acquisition is being viewed as a signal of intent by Amazon to wade into the grocery business. Tesco, along with the other established players, has also been hammered by the emergence of the German discounters Aldi and Lidl, whose entrance onto the grocery scene has sparked a bitter price war that has eroded profit margins. ...
Asda considers bid for B&M that would give it access to local stores image
Source : Guardian [Read Article] Sunday 23rd of July 2017 04:11:01 PM
. Asda is considering a move for the discount chain B&M, in what would be the latest attempt by a major supermarket to diversify in the face of growing competition from cheaper rivals. ...
Rushing into a trade deal with the US would harm the UK | Adam Marshall image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:03:00 PM
....As someone born in the US who has spent all his adult life in the UK, you might think I would be a natural advocate for a comprehensive US-UK free trade agreement. After all, more than 15% of all UK goods exports already go to the US – the biggest percentage for any single country, if the 47% of UK goods exports that go to the EU’s 27 countries are discounted. ...
Sun, sea, sand … and a last-minute money-saving holiday guide image
Source : Guardian [Read Article] Saturday 22nd of July 2017 06:00:31 AM
....30am), and shave a third off ticket prices. For example, Southern, which serves Gatwick airport, offers a 34% discount for between three and nine people travelling together, with kids just £2 and under 5s free. ...
It’s not just the BBC: pay disparity is a blight on the whole UK | Polly Toynbee image
....The reason the BBC was told to publish the list of top earners was to demonstrate whether it is delivering value for money - in other words, whether it pays in line with the market. Given that no other broadcaster publishes the pay of its stars this is difficult to prove, but Tony Hall, the director general, insists the BBC aims to pay people at a discount to the market while Gary Lineker, one of the top earners, insists he has been offered more lucrative deals to leave. ...
Mr Kipling maker hit by shoppers' switch to own-label products image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:29:00 AM
....6%. As households feel the squeeze, shoppers are seekingbetter value for money by heading to discount chains and buying budget basics. ...
Let buyers borrow more on greener homes, urges report image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
.... Well-insulated homes would eventually sell more quickly and command a modest price premium. The idea is the latest in a string of mooted incentives to encourage people to insulate their homes and nudge buyers towards greener properties, such as a discount on stamp duty for energy efficient homes. ...
Cost of UK car insurance leaps 11% to record high image
Source : Guardian [Read Article] Monday 17th of July 2017 11:01:03 PM
.... The tax, which is applied to 50m car, home and private medical insurance policies, has doubled since 2015. Another reason is the government’s decision to drastically cut the discount rate used to calculate compensation payouts when people suffer serious injuries as a result of a car crash or medical negligence, for example. ...
Are these the cheapest countries for expat living? image
Source : Daily Express [Read Article] Monday 17th of July 2017 04:00:00 PM
.... Property is cheap as well, with rent costing 70 per cent less on average than in Britain. If you are retired, Mexico holds even more appeal, as all residents over the age of 60 get an INAPAM (Instituto Nacional para las Personas Adultas Mayores) senior discount card, giving you between 5 per cent and 50 per cent off everything from healthcare, transport, hotels and the cinema. ...
Poundland delays launch of Twin Peaks chocolate bar amid legal row image
Source : Guardian [Read Article] Sunday 16th of July 2017 02:09:27 PM
....Poundland has been forced to delay the launch of a Toblerone copycat after getting stuck in a legal wrangle with the triangular chocolate bar’s owners. Last month, the budget chain announced plans to begin selling Twin Peaks, a bar with two humps rather than the distinctive single peak chunks of the Toblerone bar, which is one of the discounter’s biggest sellers. ...
'The lipstick effect': Britons treat themselves as budgets tighten image
Source : Guardian [Read Article] Saturday 15th of July 2017 08:00:01 AM
....”. He said that when spare cash is tight, people try to save on dull basics, going for budget shampoos, milk from a discount chain or holding on to an ageing bed or washing machine, in order to afford feel-good treats where they believe they get more value for money. ...
As car insurance costs rise, the over-65s are urged to switch image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
.... Increasing it should reduce the premium. • Avoid small claims If you make a claim you will push up your insurance premium as you will lose some or all of your no claims discount. ...
Globalisation: the rise and fall of an idea that swept the world image
Source : Guardian [Read Article] Friday 14th of July 2017 04:28:14 AM
.... Christine Lagarde, the head of the International Monetary Fund, called for a policy hitherto foreign to the World Economic Forum: “more redistribution”. After years of hedging or discounting the malign effects of free trade, it was time to face facts: globalisation caused job losses and depressed wages, and the usual Davos proposals – such as instructing affected populations to accept the new reality – weren’t going to work. ...
Lidl and Aldi go head-to-head offering cheap school uniforms image
Source : Guardian [Read Article] Wednesday 12th of July 2017 11:00:37 PM
. The German discount supermarkets Lidl and Aldi have started a school uniform price war, with each chain offering an entire outfit for £3. ...
Tesco faces in-depth investigation into £3.7bn Booker takeover image
Source : Guardian [Read Article] Wednesday 12th of July 2017 08:31:46 AM
....The deal was revealed in January and considered to be Tesco’s first major corporate move since it was led by Sir Terry Leahy, who quit in 2011. In recent years, the retailer has been hit by growing competitions from discount chains and an accounting scandal. ...
May says she will help gig economy workers but fails to pledge new laws image
....“Drivers using Uber made average fares of £15 per hour last year after our service fee and, even after costs, the average driver took home well over the National Living Wage. We know drivers want more security too which is why we’re already investing in discounted illness and injury cover, and will be introducing further improvements soon. ...
Carillion has paid a heavy price for too many risky contracts | Nils Pratley image
.... They mostly hold their Spanish paper via nominee services. There is not enough time to go through those nominees and ask everybody if they wish to take up their entitlement to new shares at a discounted price. ...
Brexit breaks breakfast? Hard Brexit could mean hard luck for fry-up fans image
....Paul Martin, UK head of retail at KPMG, said that while supermarkets had so far avoided fully passing on higher prices to customers, this would change if the UK leaves the EU without a deal. “The British consumer has become accustomed to seasonal produce all year round and has binged on a diet of discounts for some time. ...
London mayor blasts council over cut to affordable homes in Battersea revamp image
.... BNP Paribas stated in the appraisal that the development should be able to provide as much as 50% of affordable housing if planning guidelines had been applied. While celebrities including Sting and Bear Grylls are among those who have already bought luxury units in the development, the application from the developers to slash the affordable housing came as a shock to nearby residents, first-time buyers, renters and local people promised a 40% discount on the average market rent. ...
Beware ‘the devil’s debt’ – that tempting store card offered at the tills image
....The debt charity StepChange says store cards are a persistent issue, with around one in eight people who call it for help having problems, usually with debts of around £1,000. “Most consumers are not focusing on the APR, and I think the attraction of offers, of discounts, of being able to spread payments – that is at the forefront of someone’s mind when they are making that decision, not the total cost of credit,” says debt advice co-ordinator Michael Agboh-Davison. ...
Butter price at all-time high as dairy production curdles image
Source : Guardian [Read Article] Friday 7th of July 2017 11:28:15 AM
....He said farmers had “hit the brakes” in 2016 after a drop in milk prices, with production down by 5% to 10%. Many farmers quit the dairy industry after prices slumped in the wake of a Russian ban on EU imports and heavy price competition among supermarkets trying to fight off the rise of discounters Aldi and Lidl. ...
Gig economy: there's an easy way to end abusive working conditions image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
.... They, too, are sick of being undercut by rivals who twist the definition of “self-employment” to make it mean something that was never intended. Here’s another grumble for Burberry’s revolting shareholders to air at next week’s annual meeting: how on Earth does the fashion house justify discounts of 80% for senior management when they buy the company’s fashions? A modest discount, say 20%, would be par for the course. ...
Sainsbury's sales sizzle as shoppers snap up paddling pools image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:53:35 AM
....Laith Khalaf, a senior analyst at Hargreaves Lansdown, said the bigger picture remained challenging for UK supermarkets: “Weaker sterling is pushing up food prices and putting a dent in consumers’ purses, while the trading environment remains as competitive as ever. “Indeed the turf war the big supermarkets have been fighting against the discounters may start to look like a schoolyard skirmish if Amazon decides it wants a piece of the UK grocery market. ...
Hinkley Point C: the government should start planning alternatives | Nils Pratley image
.... It won’t be closed by a few steps. Ofgem’s proposed “safeguard tariff” is modest and targeted, probably at households that qualify for warm home discounts. ...
Millions betrayed by Tories’ energy price cap U-turn, says Labour image
....In response, Ofgem said on Monday that it would hold a summit in July to consider what form of “safeguard tariff” would be best, with one option being to extend an existing cap for the 4m households on prepayment meters to a further 2. 6m vulnerable households who receive the warm home discount. ...
Generous Sainsbury’s makes a point about its evouchers image
Source : Guardian [Read Article] Monday 3rd of July 2017 06:00:04 AM
....I am writing to complain about Sainsbury’s “evouchers”. I had placed an online order, and several replacement products were sent, so I received an evoucher for the difference (an evoucher is a 12-digit code which can be entered on the website to receive a discount for an online order. ...
One in seven UK private tenants pays more than half income in rent – study image
....Councils are swimming against a tide of right to buy sales that means they are losing much more of their stock than they are replacing. It emerged last year that 54,581 units of social housing have been sold since David Cameron’s government boosted the discounts in 2012, but work has begun on only 12,472 replacements. ...
Bitcoin accepted at New York pre-school image
Source : BBC [Read Article] Thursday 29th of June 2017 11:50:53 PM
..... Parents who invested early and have ridden the currency's rise get something like a discount on the school's hefty $31,000 tuition. ...
Tesco continues savings drive as it cuts 1,200 head-office jobs image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:05:11 AM
.... Sainsbury’s, Morrisons and Waitrose have also closed stores in recent years while Asda has cut jobs as all the big grocers try to keep costs down. They are battling to fight back against the rise of the discounters Aldi and Lidl, who have forced price cuts across the grocery market. ...
Have you factored in these costs of moving abroad? image
Source : Daily Express [Read Article] Tuesday 27th of June 2017 04:53:00 PM
....Have you shopped around to find the best plane, boat or rail ticket prices?. You could find that there are group discounts, advance booking discounts, special offers or incentives to travel during off-peak times. ...
Google fined record €2.4bn by EU over search engine results image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:32:10 AM
....Intel, €1. 1bn (2009): The US chipmaker was ordered to pay a fine of more than €1bn for anticompetitive practices after being found to have given price discounts to computer manufacturers Acer, Dell, HP, Lenovo and NEC if they bought its chips. ...
Asda is named worst supermarket in treatment of suppliers image
Source : Guardian [Read Article] Monday 26th of June 2017 05:49:44 PM
.... However, Tacon said the chain had made improvements on many fronts. She said she had not received any specific complaints about Iceland breaching the code, but suppliers felt “in a constant state of jeopardy” in their dealings with the discounter. ...
Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
.... Last week the carmaker revealed amid a fanfare of publicity that it would be hiring 5,000 extra engineers and, with less fanfare, that it would begin work on its next-generation electric car in Austria. Very simply, the company appears to have made a judgment that for the next two to three years the pound will remain low and, with this discount in place on its exports, it will profit from shifting a huge volume of diesel cars from factories in the West Midlands and Merseyside to the rest of the world. ...
Frances O’Grady on insecure work: ‘the heartbreaking bit is  they think it’s normal’ image
.... The vast majority of drivers tell us the reason why they signed up to Uber is so they can control their hours and be their own boss. We’re always acting on feedback from drivers, which is why we’re investing in discounted illness cover and savings schemes alongside other improvements. ...
Battersea Power Station developer slashes number of affordable homes image
Source : Guardian [Read Article] Wednesday 21st of June 2017 04:50:02 PM
....The £9bn revamp of Battersea Power Station in central London has slashed the number of affordable flats to just 386, a 40% reduction from original plans. Previously, the plan was to construct 636 homes affordable homes targeted at local residents, first-time buyers and renters, with locals promised a 40% discount on the average market rent. ...
Tesco staff 'shocked' as call centre closure puts 1,100 jobs at risk image
Source : Guardian [Read Article] Wednesday 21st of June 2017 02:05:28 PM
....Lewis said last year that retailers faced a “potentially lethal cocktail” as profits slump and costs rise. Rising competition from the discounters Aldi and Lidl has also forced traditional supermarkets to hold down prices at a time of rising costs resulting from the fall in the value of the pound against the euro and the dollar. ...
Energy price cap likely to go ahead despite warnings of 'timebomb' image
Source : Guardian [Read Article] Monday 19th of June 2017 03:36:14 PM
....Citizens Advice favours widening an existing cap for the 4m households on prepayment meters to a further 2. 6m who are eligible for the warm home discount, a government scheme to help people struggling with their energy bills. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
....Store cards in particular appeared to be re-emerging as a problem, James added. These cards are often offered with incentives by retailers, such as an introductory discount at point of sale, although interest rates tend to be far higher than on normal credit cards. ...
Sainsbury's poised to buy Nisa in response to Tesco swoop on Booker image
Source : Guardian [Read Article] Saturday 17th of June 2017 12:35:00 PM
.... “I think there’s going to be an enormous amount of pain and consequently quite a bit of fallout,” he said. The mainstream grocery industry is in a state of flux as the German discounters Aldi and Lidl grab market share. ...
Get more sounds for your pound at UK music festivals this summer image
Source : Guardian [Read Article] Saturday 17th of June 2017 06:00:30 AM
....50 you will pay for a full ticket to Latitude in Suffolk on 14-16 July, with the 1975, Mumford & Sons and Fleet Foxes topping the bill, is a far cry from the £112 charged in 2007. That said, this price is unchanged on last year – and Latitude is not averse to a discount: in the runup to last year’s event, previous bookers were emailed a survey asking why they hadn’t booked for 2016, and if they identified price as an issue were offered a discounted rate. ...
Amazon to buy Whole Foods Market in $13.7bn deal image
Source : Guardian [Read Article] Friday 16th of June 2017 01:26:19 PM
....”. Amazon’s move into the grocery market will pile on the pressure for traditional supermarkets around the world which have been affected by shoppers switching to online, smaller local stores and discounters such as Aldi and Lidl. ...
Tesco says price rises are last resort as UK growth hits seven-year high image
....There is growing evidence of belt-tightening as shoppers face higher food prices. The discounters Aldi and Lidl are growing sales at their fastest rate in more than two years, while more shoppers are buying less or switching to cheaper own-label products as prices rise faster than many workers’ wages. ...
UK retail sales dive sparks biggest FTSE 250 fall since last summer image
Source : Guardian [Read Article] Thursday 15th of June 2017 10:13:53 AM
....9% higher than a year ago – the weakest rise since April 2013. The signs of distress included shoppers trading down from branded groceries to cheaper own label and more visits to discount food retailers. ...
UK car insurers saw losses of £3.5bn in 2016 due to new compensation rules image
....75%, prompted a furious backlash from insurers who claim that it will “overcompensate” victims of car crashes or medical errors in hospitals. Although the change to the discount rate was announced in February, most insurers reflected the impact on outstanding claims in their 2016 figures. ...
Duke of Westminster's property group to build 1,500 rental homes in London image
....Craig McWilliam, chief executive of Grosvenor Britain & Ireland, said the homes were aimed at people on “low and middle incomes who are locked out of London’s housing market”. Some will be made available on a range of discounted market rents, with details yet to be agreed with Southwark council. ...
Theresa May is warned: don't break election vow on energy price cap image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:33:11 PM
....Consumer charities said the government should extend the price cap for the 4m households on prepayment meters to a further 2. 6m who are eligible for the warm home discount, which is mostly poorer families and pensioners. ...
New Channel 4 boss Alex Mahon faces some unwelcome drama image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....Jonathan Allan, the sales director who also applied for the top job, is likely to want additional responsibility, potentially in the form of a chief operating officer role, having made it clear he is after a bigger challenge. When Mahon starts, Channel 4 will be heading into TV trading season, where a vast majority of its £1bn annual advertising deals will be done, and if the broadcaster’s poor performance continues she will need a strong team in place to hold its own against advertisers seeking discounted deals. ...
Qatar crisis highlights rising UK energy reliance on imports image
Source : Guardian [Read Article] Thursday 8th of June 2017 06:29:15 PM
....There is no sign either that Egypt is turning away Qatari LNG shipments. Cairo is bound by international agreements to keep the Suez canal open to Qatari tankers, though it could reduce the discount such LNG ships enjoy. ...
Boohoo co-founder sells £80m in shares as he reveals 'supersite' plan image
....Nick Bubb, an independent retail analyst, said: “It says something about the extraordinary outlook for the business that all the shares have been snapped up at 220p, a minimal 0. 3% discount to the closing price [on Wednesday]. ...
British Airways cabin crew vote for more strike action image
Source : BBC [Read Article] Friday 2nd of June 2017 06:17:45 PM
....Members who are on the airline's mixed-fleet agreements, represented by the Unite union, have staged 26 strike days over the course of the disagreement. The Unite union said the new strikes had come about because the airline had treated staff who had participated in earlier strike action unfairly, by not reinstating their travel concessions which offers them discounted travel on the airline. ...
Arora brothers cash in £227m of shares from B&M retail chain image
Source : Guardian [Read Article] Friday 2nd of June 2017 12:13:31 PM
. Two brothers who built B&M into a national discount chain selling everything from curtain to biscuits, have cashed in nearly £230m of shares in the fast-growing business – taking their total proceeds from the business since it floated to nearly £1bn. ...
Sandbanks is priciest seaside town in UK, plus the worst mobile providers image
....Scottish Power in the dark about my mother’s electricity supply. Reading says ‘no’ to council tax discount on a house we can’t live in. ...
Aldi and Lidl sales soar as prices rise image
Source : BBC [Read Article] Wednesday 31st of May 2017 10:53:37 AM
. Sales at Aldi and Lidl have grown at their fastest rate in more than two years as the discounters opened new stores and passed on price rises to consumers, new research shows. ...
Food inflation 'hits three-year high' on weak pound image
Source : BBC [Read Article] Wednesday 31st of May 2017 07:58:59 AM
....5% lower than a year ago. BRC credited heavy discounting in the wake of a "weak start to the year" and the fact that some businesses are still protected against currency shifts by hedging contracts. ...
Venezuela opposition condemns Goldman Sachs debt deal image
Source : BBC [Read Article] Tuesday 30th of May 2017 10:33:46 PM
....Opponents of embattled President Nicolas Maduro say the move has given his government a financial lifeline. The New York-based investment bank is reported to have bought the bonds at a heavily discounted rate. ...
Small firms hit by rates relief delay image
Source : BBC [Read Article] Monday 29th of May 2017 11:14:13 PM
.... . He announced that firms losing small business rate relief - a discount given to businesses with properties below a certain rateable value - would not see their bills increase by more than £50 a month. ...
Car insurance in UK hits record high as tax rate on premiums increases image
....The insurance industry has been left stunned bygovernment changes to the way awards are calculated for car crash injuries or botched medical operations. In February the lord chancellor, Liz Truss, announced a change to the Ogden discount rate, which is used to calculate compensation awards for serious personal injuries, to ensure inflation does not erode the future value of a payout. ...

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