Construction growth set to fall into 2012 November 2, 2011 CONSTRUCTION in the UK hit a five-month high in October, figures released yesterday from Markit revealed, though output fell over the year and the industry fears worse is to come. The purchasing managers index (PMI) for the sector rose sharply to 53.9, strongly up from the nine-month low of 50.1 recorded in September. Any figure [...]
Construction growth set to fall into 2012 November 2, 2011 CONSTRUCTION in the UK hit a five-month high in October, figures released yesterday from Markit revealed, though output fell over the year and the industry fears worse is to come. The purchasing managers index (PMI) for the sector rose sharply to 53.9, strongly up from the nine-month low of 50.1 recorded in September. Any figure [...]
CITY MOVES | WHO’S SWITCHING JOBS November 15, 2011 Deloitte Analytics Deloitte Analytics has strengthened its partner team in the UK with the appointment of consumer business specialist Jason Gordon, who will lead the division’s consumer business services team. In his new role, Gordon will advise retail, consumer products and travel, hospitality and leisure organisations on ways to gain improved insight and commercial value [...]
FACT CHECKER | WITH TIM WALLACE November 16, 2011 THE CLAIM: EURO CRISIS CAUSED JOB LOSSES “WHAT we are seeing are the consequences of the crisis in the Eurozone,” said minister of state for employment Chris Grayling, commenting on the news that unemployment hit a 15-year high between July and September. Labour’s shadow chancellor Ed Balls disagreed. “It’s not true,” he said. “Our recovery was [...]
China factory activity shrinks most in 32 months November 23, 2011 China’s factory sector shrank by the most in more than two and a half years in November as new orders slumped, a preliminary PMI survey has shown. The data has revived worries that China may be skidding towards an economic hard landing, fuelling global recession fears and sending Asian stock markets down at the close. [...]
FTSE down as storm clouds surround Osborne November 29, 2011 The FTSE opened down as stuttering UK growth cast a shadow over chancellor George Osborne’s Autumn statement on the economy to be delivered later today. Grim forecasts on growth from the OECD yesterday painted a bleak picture as the UK struggles to get its economic recovery into gear. The government has already indicated that billions [...]
THE TIPSTER October 30, 2011 TRICK or treat? Marstons – brewer of Hobgoblin beer and pub owner – has like the rest of the market, enjoyed a frightfully good October, with shares rallying close on 20 per cent. Although the market is becoming increasingly dominated by a handful of giants, earnings are expected to be in line with expectations when [...]
THE TIPSTER October 30, 2011 TRICK or treat? Marstons – brewer of Hobgoblin beer and pub owner – has like the rest of the market, enjoyed a frightfully good October, with shares rallying close on 20 per cent. Although the market is becoming increasingly dominated by a handful of giants, earnings are expected to be in line with expectations when [...]
Gloomy outlook getting worse as confidence falls September 25, 2011 CONFIDENCE data from around Europe will be released over the course of this week, with analysts expecting the worst. Figures to be announced in the UK include the Confederation for British Industry’s (CBI) distributive trades survey, out tomorrow, which measures short-term trends in UK retail and distribution. Weak or falling sales are expected by economists. [...]
Irish Nationwide and Anglo Irish behind borrowing spike February 20, 2011 ANGLO Irish Bank and Irish Nationwide Building Society were behind the spike in emergency borrowing from the European Central Bank, as they seek a speedy sale of their deposit books. The two troubled lenders, at the heart of Ireland’s financial crisis, are selling deposits and corresponding assets as part of a wind-down of their operations [...]