Tesco, Morrisons, Asda, and Sainsbury’s cut petrol prices as Brent crude falls again January 7, 2015 The UK’s supermarkets are cutting petrol prices as the falling price of oil fuels a pump war. Brent Crude dropped below a symbolic threshold this morning, sliding below $50 a barrel to $49.99. The supermarkets had already blinked, however. Asda capped its petrol prices at 107.7p per litre and diesel at 114.7p from 1 January, [...]
Brent crude oil falls below $50 January 7, 2015 The price of Brent crude oil has dipped below $50-a-barrel mark for the first time in five and a half years, marking a symbolic moment for oil. The black stuff fell another two per cent this morning to $49.99 a barrel. Yesterday Brent crude dipped to $51.12, following a six per cent fall on Monday, [...]
Energy bills set to shrink as oil price plummets January 6, 2015 OIL PRICES continued to fall yesterday, after driving markets down on Monday. Brent crude stayed below $53, the lowest it has been since 2009 and fell to as low as $50.85 during the day. Meanwhile US benchmark WTI remained below what ETX Capital strategist Daniel Sugarman termed the “psychological barrier” of $50 a barrel. Consumers [...]
Supermarket price wars: Sainsbury’s and Asda kick off new cost-cutting battle January 6, 2015 Asda and J Sainsbury fired the latest salvo yesterday in the supermarket price war, with Tesco also expected to launch a round of price cuts tomorrow as the big four battle it out to win over shoppers’ loyalty. Walmart-owned Asda pledged to spend £300m lowering prices in the first quarter of 2015 as part of [...]
Oil prices sink below $50 a barrel as petrol costs tumble January 5, 2015 Boost for motorists and airlines as petrol costs tumble… yet the speed of black gold’s collapse spooks global markets. The price of oil slid further yesterday, providing a boon to motorists and fuel-dependent industries, yet contributing to market turbulence throughout the world. American crude crashed below $50 a barrel during trading, while benchmark Brent tumbled under [...]
Petrol price of £1 a litre comes one step closer as big four supermarkets cut prices January 5, 2015 The good news for drivers just keeps on rolling. Britain's so-called "big four" supermarkets have announced a 2p cut to the price of petrol, with Tesco's reduction coming into effect immediately. The rest, which include Asda, Morrisons and Sainsbury's, will cut their prices tomorrow. The reductions bring the prospect of £1 per litre petrol tantalisingly [...]
Where to buy the cheapest petrol: Asda, Sainsbury’s and Tesco cut prices December 31, 2014 Three of the UK's largest supermarkets have cut the price of petrol and diesel, drawing the battle lines for a New Year war at the pumps. Sainsbury's, Tesco and Asda all cut their prices by 2p per litre. It's the 13th time Asda has lowered its price since September. Traditionally the lowest-priced petrol retailers, supermarkets' [...]
Kennedy Wilson makes £503m swoop on UK property assets December 22, 2014 KENNEDY Wilson Europe Real Estate has bought a £503m portfolio of 180 mixed-use properties from receivers working on behalf of Aviva Commercial Real Estate Finance. The company, part of the Beverley Hills-based property group that raised £1bn through a London float earlier this year, said the 3.5m square feet portfolio is spread across the UK, [...]
From Quindell and Gotham City to Uber and the LDTA – five of the biggest business battles to watch out for in 2015 December 22, 2014 Rival camps have banded together, the lines are drawn, battle armour is on and adrenaline is running high. All that's left for spectators to do is grab some popcorn and watch from the ringside. From rival estate agents, to a business targeted by a Batman styled US fund and an influx of tiny new banks [...]
City Moves for 22 December 2014 | Who’s switching jobs December 21, 2014 LEBC Simon Turner has been appointed director of business planning at the IFA, pensions and employee benefits consultancy. He was previously regional head of financial planning for the northern region at Grant Thornton. Turner has 25 years’ experience in financial services. Jones Day The law firm has announced the appointment of 42 partners, with three [...]