Prudential, which is Britain’s second largest insurer, has today confirmed it is to buy AIA, the Asian arm of US company American International Group (AIG), in a deal worth $35.5 billion (£23.3 billion).
In a stock market statement today, Pru said the deal provided it with the opportunity to create South...
Posted to
Finance
on 03-01-2010
Filed under: All Financial News, deal, Insurance News, Prudential, Company News, finance, rights issue, acquisition, AIG, presence, AIA, Asian arm
Supermarket giant has today reported that overall sales rose by 8.8% (including petrol) over the last three months. Excluding petrol, sales were up 7.7%.
Tesco, which has a 30% share of the UK’s grocery market, said sales are up as a result of its double points Clubcard promotion and heavy discounting...
Posted to
Finance
on 12-08-2009
Filed under: All Financial News, Economy News, Banking News, sales, rise, Company News, Tesco, finance, confidence, strong, improved, Clubcard, discounting, promotions
Business group, the British Chambers of Commerce (BCC), is claiming that small and medium-sized firms are still struggling to access finance.
The report comes despite the £200 billion injected into the UK financial system to boost lending.
According to the BCC, one third (33%) of companies surveyed said...
Posted to
Finance
on 11-16-2009
Filed under: All Financial News, Economy News, survey, finance, BCC, British Chambers of Commerce, funds, SMEs, financial system, struggling, injection, fund, access
Supermarket giant Tesco has announced it is opening a finance centre in Glasgow with the creation of 800 jobs.
The move is part of Tesco Personal Finance’s expansion programme, which will see it compete with High Street banks.
Tesco, which has a 30% share of the grocery market, already offers credit...
Posted to
Finance
on 08-20-2009
Filed under: All Financial News, Banking News, Company News, expansion, Tesco, TPF, finance, compete, new jobs, High Street banks, Glasgow, Tesco Personal Finance, centre, open