Mobile move.Orange announced today it is to be the first mobile phone operator to move into the landline market in the UK with the introduction of a fixed line service for businesses.
The firm said it will undercut BT charges by up to 20pc with Orange Landline for Business which will provide a fixed line service to both existing and new Orange mobile business customers.
THE new owners of Somerfield were today reported to have hoisted the for-sale sign above its loss-making Kwik Save
Kwik Save was a discount supermarket chain in the United Kingdom. chain.
Talks are understood to be taking place with a number of potential buyers of the loss-making business which could be broken up and stores sold in batches. Somerfield was bought for pounds 1.1bn late last year by a consortium featuring property tycoon Robert Tchenguiz, private equity firm Apax and investment bank Barclays Capital Barclays Capital is the investment banking division of Barclays plc. It is a primary dealer in U.S. Treasury securities and various European Government bonds.
Barclays Capital is led by CEO Robert (Bob) Diamond, an American who had been vice-chairman of Credit Suisse First .
LLOYDS TSB Lloyds TSB Group plc (LSE: LLOY) is a banking and insurance group in the United Kingdom. It was formed in 1995 by the merger of Lloyds Bank and the Trustee Savings Bank (TSB). The Group's head office is at 25 Gresham Street, London. reported higher profits - up 10pc to pounds 3.82 bn - today but said the cost of protecting its high street banking operations against bad debts had risen by a third.