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Guide highlights the many perks of being a shareholder
Consumers can gain benefits ranging from thousands of pounds off the price of a new home to a 30 per cent discount on Eurotunnel travel just for holding shares in certain companies.
Barclays Stockbrokers has compiled a free guide showing the perks and discounts people qualify for if they have shares in a range of UK companies, 40 per cent of which do not require a minimum shareholding.
Housebuilder Barratt Developments offers one of the most generous perks, giving shareholders a 500 discount on every 25,000 they spend on a new home, meaning someone buying a 250,000 property could save 5,000.
Eurotunnel offers shareholders a 30 per cent reduction on standard fares for up to six one-way or three return crossings a year, while shareholders in brewer Fuller, Smith & Turner are given discount cards offering reductions on the group's hotel prices of between 10 and 50 per cent.
People with shares in British Airways can qualify for a 10 per cent discount on tickets bought online, over the telephone or through a British Airways Travel Shop,
Mulberry gives its shareholders a 20 per cent discount card for use in its stores, while Bloomsbury offers 35 per cent off the recommended retail price of its books, and insurer Legal & General gives discounts of up to 25 per cent on certain insurance products for shareholders and their families.
But while 40 per cent of companies do not state how many shares people need to hold in order to qualify for the perks they offer, other groups have more onerous requirements.
People would need to have 1,000 shares in Barratt Developments for at least a year before they bought a home in order to qualify for its discount, which at a current price of 146.7p per share would cost 1,467.
Eurotunnel also states that people must have 1,000 shares for three months in order to take advantage of its perks, meaning consumers would have to invest a massive 6,322 at the current share price.
Legal & General does not require a minimum holding, but British Airways states people must have at least 200 shares, which would cost 433, while Mulberry requires people to have 500, which would cost 500 to buy.
n The guide is available at www.stockbrokers.barclays.co.uk/tellmeabout
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