Internet giant Amazon is planning to launch into the insurance industry with price comparison websites that could rival the likes of Comparethemarket and GoCompare, reports today claimed. The news triggered a near-10% crash in shares of Gocompare.com Group (GOCO), whose major shareholder Sir Peter Wood this week agreed a £1.2 billion sale of his Esure business. Moneysupermarket.com Group (MONY) fell 4% and Admiral Group (ADM), the owner of Confused.com, slipped 1.8%.
The government’s anti-money laundering crackdown is hitting profits at London’s casinos, the boss of leisure giant Rank Group (RNK) said on Thursday.
People flocking to B&Q to buy barbecues and paddling pools helped boost owner Kingfisher (KGF) sales but a disappointing performance in France on Thursday cast doubt over its turnaround efforts.
Investors to spend £900m on meeting demand for student housing. Savills (SVS) predicted the 2018 spend on buying land or existing properties to transform into student housing would be strong despite fears Brexit could hit funding for research programmes, which may mean fewer high-spending foreign students here.
