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Tesco curbs discounter growth as revival speeds up

  Bloomberg Market leader Tesco Plc continued to lead a counterattack by Britain’s supermarkets last month as German discounters Aldi and Lidl recorded the slowest sales growth since 2011. Tesco’s sales rose 2.2 percent in the 12 weeks ended November 6, researcher Kantar Worldpanel said. The growth was the fastest in three years and sent the shares up as much ...

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JPMorgan sees $50bn wave from insurers flooding into ETFs

  Bloomberg The booming demand for hot exchange-traded funds (ETF) has finally caught up with the staid, sleepy insurance industry. US insurers are the latest group of investors to start buying ETFs en masse, with one of the fastest adoption rates among institutions. And they’re not done yet, according to JPMorgan Chase & Co.’s Mark Snyder, who helps oversee funds ...

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Draghi: Recovery still reliant on ECB policy support

  Bloomberg Mario Draghi said the recovery in the 19-nation euro area isn’t yet strong enough to deliver sustained reflation, and current monetary support will be a “key ingredient” for the economic outlook in coming years. “We do not yet see a consistent strengthening of underlying price dynamics,” the European Central Bank president said in a speech in Frankfurt on ...

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