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News Headlines: House prices in England and Wales rose1.3 percent in June to stand 14.0 percent higher than this time last year Heineken says Beer sales dropped in H1 lagging expectations Lloyds TSB said it expects to deliver a satisfactory trading performance for the half-year. They report good quality growth in the Group's U.K. mortgage and credit card portfolios. Strict control of the group's costs has been maintained and the Group expects that its cost growth for 2003, excluding the impact of acquisitions and operating lease depreciation, will be less than the rate of inflation. This investigation into its Extra Income & Growth Plan is expected to be completed within the next few months when the Group will be in a better position to quantify the financial effect. During the first quarter of 2003 there has also been an increase in the level of complaints relating to Group sales and performance of certain endowment based and long-term savings products. Whilst the group maintains provisions for redress to policyholders in respect of past sales, further provisions and charges will arise in 2003 to cover these issues. Hmmmmmm ! Unilever: Awaiting Data. British Airways has spurned a five million pound bid for its Concorde aircraft from rival Virgin Atlantic Airways and says it will retire the supersonic jet as planned in October
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- 22 Jun 2003 14:28
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