Finance News

MPs quiz Asda deal

THE chief executives of Sainsbury’s and Asda are to be grilled by MPs next week over the impact of their £14billion merger on suppliers. Sainsbury’s boss Mike Coupe and Asda’s Roger Burnley have been summoned to appear before the Environment, Food and Rural Affairs committee on June 20. Daily Express :: Finance Feed

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Cover against holiday hell

Holidaymakers who jet off without buying travel insurance could get burnt in the sun as research shows failing to buy cover could cost you more than £100,000. Daily Express :: Finance Feed

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Pound v euro: Exchange rate stagnant after growth in UK wages slows

The GBP/EUR exchange rate is currently at around €1.136, virtually unchanged from this morning’s starting levels, but still down around 0.2 per cent from the week’s opening exchange rate of €1.138. The pound is holding steady against the euro this morning, as markets digest the release of the UK’s latest labour figures. Daily Express :: Finance Feed

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Land Rover Discovery line moved to Slovakia

JAGUAR Land Rover is to end production of its Discovery model in the West Midlands and shift the work to a new factory in Slovakia. The move by Britain’s biggest carmaker from early next year puts at risk the roles of hundreds of agency staff at its Solihull factory. Daily Express :: Finance Feed

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