1 November, 2006 - 17:29 By Staff Reporter

Universal price increases

Liverpool Victoria Insurance’s decision to sign a major contract for salvage management and disposal services throughout the UK with Userve Ltd, a subsidiary of Bedfordshire’s vehicle salvage and auction services group, Universal Salvage, prompted a 1.67 per cent rise in Universal’s share price, up 2.5p to 152.5p.Liverpool Victoria Insurance’s decision to sign a major contract for salvage management and disposal services throughout the UK with Userve Ltd, a subsidiary of Bedfordshire’s vehicle salvage and auction services group, Universal Salvage, prompted a 1.67 per cent rise in Universal’s share price, up 2.5p to 152.5p.

The contract starts on November 1 and will be on an exclusive basis with Userve as sole supplier. It is expected to yield 14,500 units per annum with the full financial benefit of this new relationship will be felt in the year to May 3, 2008.

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