City&FinanceBriefing Inbrief Tesco motors on with Fortis tie-up l TESCO will continue its motor and household insurance joint venture with Fortis despite doubts about the Dutch groups future. The supermarket giant said it has signed off on a joint venture with Fortis which means the two will be Britains second-largest car insurer. The joint venture is the latest unwinding of Tescos financial services link with RBS. Morgan change as Mack knifed l THE collapse of Lehman Brothers one year ago claimed another scalp last night when Wall Street titan John Mack quit as the chief executive of Morgan Stanley. Regarded as smooth and ruthless in equal measure, Mack is being replaced by Australian James Gorman, 51, whose background is in wealth management -- a significant shift of emphasis. Footsie powers through 5000 l THE FTSE 100 index today jumped back through the 5000 mark as mining and oil companies led the charge upwards. The index first broke through 5000 earlier this week, taking it to its highest point since the week Lehman Brothers collapsed in September last year. Rising optimism about the health of the global economy is behind a 44% rise in the index since March. 888 backs US gaming giant l ONLINE gambling outfit 888 is supplying software and other computer support to help US gaming giant Harrahs Entertainment enter the online poker and casino market. Chief executive Gigi Levy said: This demonstrates our ability to provide real value to globally renowned, land-based casinos. Australia Dollars 1.8242 Canada Dollars 1.6987 Denmark Kroner 8.0442 Eurozone Euro 1.0840 Hong Kong Dollars 12.1700 Japan Yen 145.0800 New Zealand Dollars 2.2129 South Africa Rand 11.6000 Sweden Kronor 11.0700 Switzerland Francs 1.6406 UAE Dirham 5.7008 United States Dollars 1.5796 ToUriST raTeS UP 25.53 at 5013.21 FTSe 100 dow joneS nikkei -$ UP 80.26 at 9627.48 down 69.34 at 10,444.33 UP 0.39c at 1.6691 >>For all the latest City share prices, call 0905 817 1694* or visit thisismoney.co.uk * Calls cost 75p/min from a BT landline & last approx 1 min per quote. not all stocks are available High and Mightys big deal THE outfitter for the bigger fella has got into bed with the clothier of the larger lady. High and Mighty has been taken over by online catalogue specialist NBrown which, although it has historically concentrated on larger womens sizes, has been breaking into the male market. N Brown has, for an undisclosed sum, bought the brand, website, stock and 14 outlets of High and Mighty, whose branches include Oxford Street and Knightsbridge.. Wetherspoonmerryas cheapbeerpullsemin JD Wetherspoon showed rivals how to prosper in a recession today when it unveiled a record set of results that defy the blight in the pub trade. the offering of cheap, cask beer and no music or television proved resilient to the downturn, at a time when six boozers a day are closing across the UK. Chief executive John hutson said: A good company should be able to trade through difficult situations. We have navigated our way. Wetherspoons profits increased 7% to 97 million for the year to the end of July, on revenue which rose 5% to 907 million. that enabled it to pay bonuses --including to bar staff -- of 20 million as a reward for good service. the company undertook 4000 mystery drinker tests over the year to check up on the conviviality of the publican and the flow of the beer. the pub chain wont pay a final dividend to shareholders while it moves to pay off debts of 87 million. We will restore the divi once we have sorted out the bank refinancing, said hutson. one of Wetherspoons biggest earners is Lavazza coffee. Its pubs open for breakfast and it sells more coffee than most coffee shop chains. As the credit crunch started to bite, Wetherspoon sold pints of Greene King for 99p. thats now moved up to 1.29 but is still the cheapest pint on the high street. Wetherspoon has opened 39 new pubs this year, taking its total to 731. Fuel ahead: Asda has led its rivals by passing on lower prices drivers delight as asda slashes price of petrolMOTOriSTS got a boost today after a leading supermarket announced it was dropping the price of its fuel. Asda said it was cutting the price of petrol by 2p a litre and diesel by a penny. The maxi- mum that drivers will now pay at Asda stores is 102.9p for unleaded and 103.9p for diesel. Asdas move follows significant rises in the price of petrol over recent months as higher crude oil prices and an increase in Government fuel duty fed through to the pumps. Figures from the AA show average petrol pump prices have risen by almost 5p a litre in the past two months to 107p. Asda said it was able to drop its fuel prices because of falling costs and the weakening US dollar. Commercial director David Miles said: Once again, we have led the way by passing on the benefits of lower costs to our custom- ers as quickly as possible. While others try to bamboozle drivers with money off vouch- ers and plastic points, we cut prices. Companies that charge more than 107p a litre are inflating their profits at the motor- ists expense. Unfortunately, they are often able to get away with it because there isnt an Asda nearby driving down prices. BY ROBERT LEA London Lite Friday, 11 September 2009 45 All prices are prices in pounds per person based on two adults sharing a twin/double room for three nights with breakfast and include Eurostar travel. During peak dates supplements apply. Savings are based on Great Getaways 2009 price guide excluding any special offers/free nights. No amendments or cancellations permitted. All UK citizens require a valid EU passport. Credit card fee 2%. Calls to 0871 numbers cost 10 per minute from a BT landline, other networks may vary. See the website for details of our data protection policy. Offer subject to availability. Full terms and conditions apply. Great Getaways is a trading name of Acromas Holidays Ltd (ABTA W8164), company registration number 2174052. Make great savings on weekend breaks with Great Getaways. With this fantastic offer you could save up 188 per person on three night breaks to Paris or Brussels departing on Eurostar from St Pancras or Ebbsfleet International. Travel before 11 December 2009 to take advantage of this great deal. To book call 0871 222 1105 quote LIR001 or visit www.greatgetaways.co.uk/lite Hotels to choose from Prices s per person 3 nights from PARIS 2 Sovereign Bord de Seine 129 84 3 Murat 165 126 3 +La Demeure 209 146 4 Mercure Eiffel Suffren 239 136 BRUSSELS 3 Louise 145 103 3 Novotel Tour Noire 169 108 4 Holiday Inn Centre 179 166 5 Metropole 229 188 Sep-Dec* SAVE UP TO Offers are based on Friday departures and include the cheapest EurostarTMticket, subject to availabilty. *Add from 10pp for Sep-Oct arrivals. 129ppPLUS EUROSTARTM 3 NIGHTS IN PARIS 129ppPLUS EUROSTARTM 3 NIGHTS IN PARIS index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html40.html41.html42.html43.html44.html45.html46.html47.html48.html49.html50.html51.html