Candy bros see £4m loss April 3, 2011 CANDY & Candy, the interior design and property development firm owned by Nick and Christian Candy, slipped to a £4.4m loss in 2010, its accounts showed yesterday. The firm fell to a £4.4m pre-tax loss in the year to the end of June last year from a £2.2m profit in 2009 after sales plummeted to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2011 FINANCIAL TIMES THIRD INDEPENDENT DIRECTOR TO QUIT ENRC BOARD A third independent director is set to leave the board of FTSE 100 miner Eurasian Natural Resources Corporation, thrusting the London-listed Kazakh company further into turmoil. Two prominent City figures, Sir Richard Sykes and Ken Olisa, were ousted from ENRC on Wednesday. Now, according to two [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2011 FINANCIAL TIMES THIRD INDEPENDENT DIRECTOR TO QUIT ENRC BOARD A third independent director is set to leave the board of FTSE 100 miner Eurasian Natural Resources Corporation, thrusting the London-listed Kazakh company further into turmoil. Two prominent City figures, Sir Richard Sykes and Ken Olisa, were ousted from ENRC on Wednesday. Now, according to two [...]
Construction activity hits eight-month high March 2, 2011 Construction activity grew at its fastest pace in eight months in February, boosted by new business, the monthly Markit/CIPS purchasing managers index showed. The headline activity index rose to 56.5 in February from 53.7 in January, confounding analysts’ forecasts for a fall to 52.9. The construction sector suffered a sharp downturn at the end of [...]
Halting our debt binge will be painful May 26, 2011 WELCOME to the new normal. For years, the UK economy has been fuelled by the unsustainable accumulation of debt, public as well as private. Now that the cheap money bubble has burst, and consumers, firms and the government can no longer go on borrowing as if there were no tomorrow, Britain will have to learn [...]
A moratorium on building is certain to choke growth March 16, 2011 IF you are ever tempted to complain that London is too crowded, just reflect that it would be much worse if it were the opposite – deserted. One of the best indicators of how well a city is doing is its population. People move to thriving cities, and leave struggling ones. So many people have [...]
A moratorium on building is certain to choke growth March 16, 2011 IF you are ever tempted to complain that London is too crowded, just reflect that it would be much worse if it were the opposite – deserted. One of the best indicators of how well a city is doing is its population. People move to thriving cities, and leave struggling ones. So many people have [...]
Hochtief chief exec quits as profit halves April 11, 2011 GERMANY’S largest construction company Hochtief said its chief executive Herbert Luetkestratkoetter would step down as of 12 May, and will be replaced by fellow board member Frank Stieler. The company said his departure was “by mutual agreement on the basis of a separation agreement” sealed on Sunday. It did not give further details. Luetkestratkoetter’s departure [...]
Construction heats up after winter freeze March 2, 2011 GROWTH in UK construction hit an eight-month high in February, as the sector bounced back from a snow-affected winter. However, margins in the industry are taking a hammering from soaring commodity prices, with input costs rising at their fastest rate since August 2008. The latest purchasing managers’ index, released yesterday, reported a rise to 56.5 [...]
Osborne to hike tax allowances March 22, 2011 GEORGE Osborne will today unveil small tax cuts, help for first-time buyers and a series of symbolic measures to show he is tough on the rich. But his Budget could be overshadowed by spiralling inflation and weaker public finances, preventing him from pulling any rabbits out of his hat. The chancellor will announce that he [...]