THE government has said it plans to sell a 7.7 per cent stake in the Royal Bank of Scotland, equivalent of 925million shares. The sale is expected to raise £2.6billion. Here's the details. When was RBS bailed out? The bank fell into difficulties during the financial crisis in November 2008 and was bailed out by the government to the tune of £45billion to prevent it from collapsing. The sale, based on the bank’s current value would mean a loss for the government of around £2bn, which paid an average of 502p per share to prop up the bank. RBS’s bail out was part of a much larger bail out totalling £500bn on October 8, 2008 as a response to the financial crisis. The aim was to stabilise the banking system. What stake does the government own? The government currently has a majority holding in the bank, amounting to 70.1 per cent. It intends to sell 7.7 per cent of its holding. After selling, the holding will be reduced to 62.4 per cent. The government … [Read more...] about When was RBS bailed out, what stake does the government own and why are they selling their shares?
What time does lidl close
Frank Wagner, president of the management board of Lidl Romania, says the retailer is looking to enhance its relations with Romanian suppliers as part of its ongoing development strategy. The company will open 15 new stores in the country this year. Lidl is also planning to streamline its distributon operations in eastern Romania through a new logistics center which is currently under development. What are the development plans of Lidl in Romania this year? Just like every other pillar of our activity, the principle behind Lidl’s logistics strategy is efficiency. Expansion and modernization remain our growth drivers, and therefore we are constantly improving our customer experience, as well as using sustainable technologies and development strategies in a responsible way. Lidl is constantly growing in Romania – we have 226 stores and we are constantly optimizing the supply chain, by organizing our warehouses as efficiently as possible. At the moment, we have 4 logistics … [Read more...] about Interview. Frank Wagner: Lidl Romania aiming to harness local supplier network, continue development strategy
Budget supermarket chain Lidl is looking to open a new store in Cambridge, creating up to 40 jobs. The proposed new food store on the Cambridge Retail Park on Newmarket Road would occupy part of the existing Homebase. A spokesman for Lidl said the scheme is at an early stage, but confirmed the popular chain is heading for the city. The German firm already has outlets in St Neots, Huntingdon and March, and its plans to open in Cambridge could put it in direct competition with rival Aldi. Aldi hopes to open a new supermarket to replace another DIY store, Wickes, located on the other side of Newmarket Road. A neighbouring Tesco Superstore off Newmarket Road is yet further competition in the area's shopping scene. What are the plans? Plans have been submitted to divide the Homebase store, at Cambridge Retail Park on Newmarket Road, to accommodate a Lidl with a bakery and on-site warehouse. Lidl is applying for change of use for the premises to allow for food retail, and also needs to … [Read more...] about Cambridge could be getting a new Lidl
THE first of the May bank holidays is on Monday 7, giving most Brits a well-deserved extra day off work. If you’re planning a supermarket shop, these are the May Day opening hours for Tesco, Asda, Lidl and the other major supermarkets... Tesco Tesco stores will have normal Monday opening hours on the Bank Holiday. These times vary from store to store, but can be between 6am-11pm. Check individual store times here. Asda On Bank Holiday Monday, most Asda stores will open at their usual time - and close between one and four hours earlier than normal. However, some stores are following their normal Sunday opening hours, i.e. 10am-4pm or 11am-5pm. Check individual store times here. Lidl Lidl will have normal Monday opening hours on the Bank Holiday - 8am-10pm for most stores. Check individual store times here. Aldi Aldi will have normal Monday opening hours on the Bank Holiday - 8am-10pm for most stores. Check individual store times here. Morrisons On … [Read more...] about Spring bank holiday 2018 supermarket opening hours – what are Tesco, Asda, Aldi, Sainsbury’s, Lidl and Morrisons May bank holiday Monday opening times?
By now everyone is already aware, but those who aren't it's Easter this Sunday meaning today Good Friday. While many people will be looking forward to a few days off, for those who plan on hitting the shops during their well-deserved break you'll need to find out if the opening times of your local stores are affected by the occasion. So this is where we come in, below we've listed the closing times of all the major supermarkets detailing when they'll be shutting their doors. Larger supermarkets in England, Wales and Northern Ireland will not be opening at all on Easter Sunday, although they will reopen on Easter Monday but with reduced hours. Tesco Good Friday - All superstores will be operating normal hours and closing at 11pm. Easter Sunday - All superstores will be closed, meaning only Tesco Express will be open until 11pm. Asda Asda does not detail the opening or closing times of its individual stores, instead shoppers are advised to check before planning a trip there. … [Read more...] about What time do supermarkets close on Good Friday and Easter?