City&FinanceBriefing Win the ultimate break to a Metro city every day next week Every weekday morning, over three million people read Metro in 33 cities up and down the country. Make sure youre one of them next week for your chance to win one of five luxury city breaks. Therell be a different city up for grabs each day so pick up Metro next week for more details and your chance to win. London Lite Thursday, 12 November 2009 47 zzInbrief Hedge hotshots skip the country l DOZENS of millionaire traders at one of Londons most powerful hedge funds are to quit London for Switzerland before the governments 50% top tax rate hits next April. Belgravia-based BlueCrest Capital Management is looking at opening an office in geneva. When it does at least 50 of BlueCrests high-earners will relocate in the low-tax country. OFT probes bust firms rip-offs l THE big firms of accountants could be ripping off the British economy for millions of pounds a year by charging high fees when dealing with companies that go bust. That is the conclusion of the Office of Fair Trading, which today launched an investigation into the corporate insolvency market, which earns accountants tens of millions of pounds a year in fees. Homes tap back into British Gas l HOUSEHOLDS are returning to British gas after shake-ups at the formerly high-charging ex- monopoly, as it is now the cheapest domestic energy supplier. But there is no sign that the nations largest residential energy group will cut prices although consumer groups feel it is overcharging. Household energy customers are returning at a rate of 50,000 a month. O2 flourishing thanks to Apple l O2, THE mobile phone arm of Spains telecoms giant Telefonica, claimed it is the only UK network to have grown revenues in the past three months because of its exclusive right to distribute the AppleiPhone. Chief executive Matthew Key said: Weve made O2 the home of the smart phone. Five million of our UK customers access the internet on their phones. It Asda be war: Battle kicks off with150mcutsPlugging into a bargain: a customer checks out the electrical goods on offer at a branch of Asda Australia Dollars 1.7070 Canada Dollars 1.6703 Denmark Kroner 7.9040 Eurozone Euro 1.0655 Hong Kong Dollars 12.3200 Japan Yen 143.5200 New Zealand Dollars 2.1028 South Africa Rand 11.5900 Sweden Kronor 10.9000 Switzerland Francs 1.6066 UAE Dirham 5.7718 United States Dollars 1.5992 TOurIsT rATes DOWN 8.60 at 5258.00 FTse 100 dOw jOnes nIkkeI -$ UP 44.29 at 10,291.26 UP 67.19 at 9804.49 DOWN 0.42c at $1.6533 >>For all the latest City share prices, call 0905 817 1694* or visit * Calls cost 75p/min from a BT landline & last approx 1 min per quote. not all stocks are available BY LUCY TOBIN ASDA today triggered a massive price war after the supermarkets chain promised 150 million worth of dis- counts this Christmas. Britains second-biggest supermar- ket chain said it was slashing prices on 50 home technology products and accessories, including a Philips Blu- Ray DVD player, an Intempo iPod docking station and a 10-megapixel Fuji camera. The latest discounting follows a wave of similar pre- Christmas offers covering its music, games, toys and clothing. Britains biggest supermarkets are all expanding non-food ranges, which tend to attract higher profit margins than groceries, stepping up the pres- sure on specialist retailers. They are all looking to grab market share via strong Christmas trading. The industry is grappling to win the sales of toys, DVDs and music offered by High Street giant Woolworths, which collapsed into administration late last year. Asdas chief financial officer Judith McKenna predicted: This year will be the most aggressive on price in a decade. The news came after Morrisons said it was offering a 25 voucher if cus- tomers spend more than 40 in a single transaction for five weeks. It is also offering shoppers a Christmas dinner for eight at 2.78 a head. Justin King, head of rival Sainsburys, yesterday predicted that competition between retailers would be feisty. Richard Dodd, of the British Retail Consortium, said this Christmas will be a retailing punch- up as shops battle for every pound that consumers have to spend. He added: We will see reductions across the board in supermarkets food and non- food items as retailers try to achieve growth. 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.html52.html53.html54.html55.html56.html57.html58.html59.html