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LONDON (Alliance News) - J Sainsbury Wednesday reported another drop in like-for-like sales, its second consecutive quarterly decline after nine years of unbroken sales growth.
The UK's third-largest supermarket chain by market share posted a 1.1% decline in like-f
HSBC on Wednesday said it has agreed to sell its UK pensions business to ReAssure, owned by Swiss Re. The bank will sell the business's policies and associated annuities book, but continue to manage its assets. At the end of last year the underlying assets of the firm was £4.2bn, on which £4bn we
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LONDON, June 11 (Reuters) - HSBC said on Wednesday it had agreed to sell its UK pensions business to ReAssure, owned by Swiss Re, but will continue to manage the business's assets. HSBC will sell the business's corporate and individual pensions policies and an associated annuities book, it
Read moreZURICH, June 11 (Reuters) - Swiss Re said on Wednesday it had agreed to buy 400,000 individual and group pension and related annuity policies, as well as 4.2 billion pounds ($7.05 billion) in unit-linked assets from HSBC Life . The deal, made through the reinsurer's Admin Re unit, is expect
Read moreLONDON (Alliance News) - HSBC Holdings PLC Wednesday said it will sell its UK pensions business to Swiss Re subsidiary ReAssure Ltd, but HSBC Global Asset Management (UK) Ltd will remain the investment manager for most of the assets being sold. In a statement, the UK's largest bank by marke
Read more* Bank CEO says launch can boost spending in supermarkets * Tesco looking to win market share from "Big 5" banks * Bank customers offered points in Tesco loyalty scheme * Bank has built up 12 percent credit card market share * UK minister says bank will give consumers more
Read more* Bank CEO says launch can boost spending in supermarkets * Tesco looking to win market share from "Big 5" banks * Bank customers offered points in Tesco loyalty scheme * Bank has built up 12 percent credit card market share By Matt Scuffham LONDON, June 10 (Reuters)
Read more(Corrects paragraph two of May 30 story - adds figures to show a $10 billion fine is close to 2013 pretax income, not 20 percent more) * Investors fear possible loss of dividend, capital impact * French central bank following case with "utmost attention" * Shares down as much as
Read more* Potential $10 bln US fine for BNP unsettles rivals * "Unknown political risk" a worry - bank bosses * Adds to worries over euro zone, Russia, trading slump * US, Europe bank shares up about a fifth in past year By Steve Slater and Laura Noonan LONDON, June 6 (Reute
Read moreLONDON, June 6 (Reuters) - The Bank of England will examine risks from rising house prices but cannot tackle the issue of surging prices directly, a senior BoE official said on Friday. The Bank's Financial Policy Committee, a watchdog that monitors threat to the financial system's stability
Read more(Adds FCA comment, paragraph 8) By Kirstin Ridley LONDON, June 5 (Reuters) - Britain's anti-fraud agency is examining information from a global investigation into the possible manipulation of currency markets, in the first sign it might follow the United States in launching a criminal
Read more* Existing silver benchmark to cease on August 14 * Participants want more contributors, electronic system * LBMA invites proposals from potential administrators By Jan Harvey and Clara Denina LONDON, June 5 (Reuters) - Silver market players are in favour of an electronic,
Read moreLONDON, June 5 (Reuters) - Video games retailer, Game
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June 4 (Reuters) - -- Source link: (http://link.reuters.com/kyf89v) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more* Sharp cautions that FPC is not "omniscient" * Says focus should be on keeping broader system resilient * FPC meets on June 17, property market on agenda * Sharp says will consider whole UK housing market, not only London (Adds comment on housing market) By Huw JonesRead more
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