Head of CBI makes first big changes February 13, 2011 THE new director of the CBI, John Cridland, has made a raft of changes to his senior management team in his first major act at the top of the business employers’ group. Cridland, who took over from Richard Lambert last month, has appointed two of his staff to senior roles as he looks to make [...]
Shops braced for rent D-Day September 28, 2011 THE HIGH street is braced for a fresh blow as quarterly rent demands are due today and hard pressed retailers must pay their landlords. Thousands of firms will have to fork out three months’ rent in one go, with many already struggling to make ends meet in the tough consumer climate. The payments total £3.4bn [...]
UK manufacturing stronger in August August 23, 2011 UK manufacturers are seeing industry conditions improve and new orders strengthen, new data shows. Total order books at manufacturing firms were above normal for a third of respondents to the Confederation of British Industry’s manufacturing survey in August. Manufacturers were also optimistic about the outlook, with almost a third expecting their production levels to rise [...]
Manufacturers’ confidence dips in third quarter August 7, 2011 CONFIDENCE for the future has dipped among small and medium sized manufacturers, despite rising factory output. While orders rose in the three months to July, according to a Confederation of British Industry (CBI) survey, exports order slowed, with total orders “set to be broadly flat over the next three months”. The gloomy news for the [...]
Retail sales fall at fastest rate in a year July 28, 2011 Retail sales fell at their fastest pace in a year and stores expect a further deterioration in August, as hard-hit consumers clamp down on spending, a survey by the Confederation of British Industry showed. The CBI distributive trades survey’s reported sales balance fell to -5 in July from -2 in June, the lowest reading since [...]
Retail sales fall at fastest rate in a year July 28, 2011 Retail sales fell at their fastest pace in a year and stores expect a further deterioration in August, as hard-hit consumers clamp down on spending, a survey by the Confederation of British Industry showed. The CBI distributive trades survey’s reported sales balance fell to -5 in July from -2 in June, the lowest reading since [...]
Manufacturers’ hopes high in face of falling demand, but concern mounts over 2012 output as stock builds up September 22, 2011 MANUFACTURERS’ order books shrank in September, but they expect output to keep growing over the next three months, according to a survey published yesterday by the Confederation of British Industry (CBI). Thirty one per cent of firms reported “below normal” orders in September, against 22 per cent who said they were higher than usual. In [...]
Manufacturers’ hopes high in face of falling demand, but concern mounts over 2012 output as stock builds up September 22, 2011 MANUFACTURERS’ order books shrank in September, but they expect output to keep growing over the next three months, according to a survey published yesterday by the Confederation of British Industry (CBI). Thirty one per cent of firms reported “below normal” orders in September, against 22 per cent who said they were higher than usual. In [...]
CBI: UK must cut its deficit February 8, 2011 THE government must persevere with plans to cut the UK deficit, the Confederation of British Industry (CBI) said yesterday, ahead of today’s launch of its economic forecast. “You cannot underestimate the calming effect of ‘Plan A’,” commented Ian McCafferty, the CBI’s chief economist. A ‘Plan B’ of fiscal relaxation could harm confidence and damage the [...]
Urenco might best be privatised through an IPO October 10, 2011 WITH the transactional markets still deathly quiet, it’s tempting to think of investment bankers sitting around twiddling their thumbs or frequenting their gyms rather more than usual. But there’s still plenty of speculative work going on, and some less speculative work, as well as the odd IPO being planned, such as that of Polymetal I [...]