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Wednesday 26 September 2018 3:57 pm|Updated:Tuesday 21 May 2019 4:26 pmAsda sparks petrol pump price war as it cuts costs by 2p per litreBy: August GrahamShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on Google Supermarket chain Asda cut petrol prices by 2p per litre this morning, sparking a supermarket petrol price war as Morrisons and Sainsburyrsquo followed suit shortly after.Asda, which accounts for about 7.5 per cent o stanley mug f the fuel market, cut the price cap for its pumps to no more than 126.7p per litre for unleaded fuel. Diesel remains at 130.7p per litre.Read more: Inflation rises to six-month highMorrisons soon followed suit, announcing it was cutting prices by 2pat its 335 pumps across the UK from tomorrow. It does not have a fixed price. Sainsburyrsquo , which is in merger talks w brumate cooler ith Asda, followed suit by matching the two other supermarkets at its 311 forecourts.AA fuel price spokesperson Luke Bosdet told City A.M.: At last the logjam has been broken. For the past three weeks wholesale price of petrol has been falling and pump price hasnrsquo;t. Itrsquo a typical case of the retailer chains watching each other to see who breaks ranks first. Prices across the UK have risen by 10p per litre since the beginning of the summer, their highest since the summer of 2014.Asda s polene handtaschen senior fuel buyer, Dave Tyrer, said: Today s latest move shows that Asda is once again cutting the Eabu BEST OF THE BROKERS
Tuesday 23 November 2010 7:16 pm|Updated:Friday 31 May 2019 9:26 amHomeServersquo boss in pound;70m share sell-offBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleTHE chief executive of British insurance group HomeServe yesterday said he was selling almost pound;70m of his shares ndash; around a third of his stake ndash; denting the companyrsquo share owala ca price despite a rise in first-half profits.Richard Harpin, chief executive since 2004, intends to sell 16m shares worth some pound;68m based on yesterdayrsquo opening price and equivalent to five per cent of the company. The transaction takes his holding from 17 per cent to 12 per cent. Proceeds from the placing stanley becher will be used to diversify his financial portfolio, said Harpin, who insisted he remained committed to the group he founded.He added: There are lots more opportunities in the countries that we are already in and opportunities in due course to open up additional geographies. I absolutely love [Homeserve] and am committed for the long term. Harpin told reporters on a conference call yesterday, adding that he was confident of signing additional US partners in the future.HomeServe shares fell as much as 4.8 per cent following the announcement, before closi stanley ca ng down one per cent at 422.00p. The shock sale came as the provider of cover for broken boilers and burst pipes delivered first-ha