AIB launches new smartphone option
AIB has launched a new banking service for mobile phone users. The new site www.aib.ie/mobilebanking can be used on smartphones where customers can see their balance, view mini statements, pay their bills, top up their phone credit and view payment and mobile top up logs. AIB's Robert Mulhall said the bank knew that its customers were already using their smartphones to access internet banking while on the move. "This development seeks to meet the needs of our customers now and give them the convenience of banking at a time that suits them," he said.
Shurrock to step down as O2 chief
The boss of O2's Irish arm, Stephen Shurrock, is to step down as chief executive. He's been appointed global chief commercial officer at Telefonica Digital. Telefonica owns O2. Mr Shurrock only took up the CEO role last year, succeeding Danuta Gray. He will be succeeded by Tony Hanway. Mr Hanway is currently consumer director with Telefonica in the Czech Republic. He was consumer sales director with Telefonica Ireland until November last year.
EU proposing to tax market transactions
The European Commission will soon propose a financial-transaction tax that encompasses all derivatives trades, while exempting bond auctions and dealings with central banks. The tax rates will need to be high enough to apply consistently across all 27 member states and low enough that trades aren't driven out of the region. An EU official said the plan aimed to target a broad range of trades at low rates so as not to encourage evasion.
Tesco wants to win back lost customers FOOD
Tesco, the UK's largest supermarket chain, said it will lower prices on 3,000 essential items and end double rewards on its loyalty card as the grocer seeks to win cash-strapped shoppers and regain market share. The retailer will spend £500m (€570m) on the 'Big Price Drop', Cheshunt, England-based Tesco said yesterday. Discounts on items such as milk, fruit and vegetables will be available from this month and will include 1,000 own-label products.