House prices flat in June June 30, 2011 House prices in England and Wales held steady in June, and this trend of broadly static prices is likely to continue for the rest of the year, mortgage lender Nationwide said. Nationwide’s June house price index showed no change on the month, compared to a 0.3 per cent rise in May, and was 1.1 percent [...]
Winter turnaround for consumer morale, reports Nationwide poll January 17, 2011 CONSUMER confidence picked up in December, Nationwide said today. Despite recent falls in Nationwide’s index, data for last month revealed an uptick, driven by more optimistic expectations for this year. “At 73 points, the expectations measure reached its highest level for three months, and perhaps provides some hope that the recovery will gain momentum in [...]
CITY MOVES | WHO’S SWITCHING JOBS September 7, 2011 Ogier Jersey Legal The offshore legal services provider has appointed Matthew Swan as managing partner, replacing Matthew Thompson, whose term of office has come to an end after four years in the role. Swan (pictured) is head of the firm’s business and trust law group and the Jersey banking team. Thompson, who specialises in commercial [...]
John Lewis continues to win market share August 26, 2011 John Lewis bucked the general gloom in the retail sector with another rise in weekly sales as it continued to win market share from rivals. The employee-owned business, which has been outperforming competitors for over a year, said on Friday sales at its department stores increased 2.6 per cent to £53.4m in the week to [...]
An empire of darkness and crime October 5, 2011 MISHA Glenny is no stranger to investigating violent individuals. As a correspondent for the Guardian and BBC he covered corrupt politicians and megalomaniac generals in Yugoslavia. Following this, Glenny turned his sights on international crime syndicates, producing his findings in his celebrated 2008 work McMafia. In his latest, however, Glenny has swapped machine guns, cocaine [...]
Mall brings fresh hope to struggling UK shopkeepers September 13, 2011 RETAILERS nationwide are facing tough conditions as the economy slows down, but Westfield will transform trade across Stratford and the wider borough, according to the British Retail Consortium (BRC). Retail is currently hard hit. ONS figures for the year to the end of July 2011 show zero growth in the volume of sales. Footfall across [...]
Retail sales bounce back in June July 21, 2011 Retail sales bounced back only modestly in June from May’s steep slump, fuelling concerns over the recovery and highlighting the uphill struggle for the government as it aims erase a record budget deficit. The Office for National Statistics (ONS) said sales volumes rose 0.7 per cent last month, recovering only half the previous month’s drop. [...]
Supermarkets cut petrol prices as oil tumbles August 8, 2011 SUPERMARKETS have cut the price of petrol from near-record levels after the cost of oil tumbled in the face of continuing fears over Eurozone debt, the US downgrade and plunging stock markets. Asda was the first of the big retailers to announce yesterday that it would cut the price of unleaded petrol and diesel by [...]
Legal doubts over Europe’s bond buying August 24, 2011 GERMAN president Christian Wulff blasted the European Central Bank’s mass acquisition of government debt as “legally questionable” yesterday. Wulff cited an article in the European Union’s fundamental treaty, which prohibits the ECB from buying bonds directly from governments. “This ban only makes sense if those responsible don’t circumvent it with comprehensive purchases on the secondary [...]
Why unpaid internships are a good thing – they help the young get a foot in the door October 16, 2011 MY COMPANY is currently looking for an intern (don’t all apply at once). The reason is simple. We have a job that needs doing that we cannot get our clients to pay us for and, in the current climate, we cannot afford to pay an experienced person to do it. The work we want doing [...]