Serenity and decadence at Dubai’s hottest new hotel June 12, 2011 DUBAI seems an unlikely place for a relaxing holiday at first. Even 2,700 feet up, at the top of the Burj Khalifa tower, the whirr of cranes and speeding Jeeps in every direction makes the sea view throb with activity. My guide points past the hollow half-built skyscrapers jutting across the city skyline to the [...]
PMI surveys set to point to recovery February 27, 2011 WORSE than expected GDP figures for the fourth quarter of 2010 shocked economists when released at the end of last week. But many expect the latest business surveys, out this week, to show a strong rebound in the UK economy. “Business surveys suggests that the economy is growing at a steady pace,” said Michael Saunders [...]
Government savings boost outsourcers January 31, 2011 CONSTRUCTION and facilities management firm Mitie said it was well placed for profitable growth as the cash-strapped UK government looked to outsourcers to help it cut costs. Mitie, which provides cleaning, security and maintenance services for banks and law courts, said it expected earnings for the year ending 31 March to be in line with [...]
Government savings boost outsourcers January 31, 2011 CONSTRUCTION and facilities management firm Mitie said it was well placed for profitable growth as the cash-strapped UK government looked to outsourcers to help it cut costs. Mitie, which provides cleaning, security and maintenance services for banks and law courts, said it expected earnings for the year ending 31 March to be in line with [...]
Nippon steel tie up will be world’s no. 2 February 3, 2011 JAPAN’S Nippon Steel and Sumitomo Metal Industries plan to merge to create the world’s second-largest steelmaker in an effort to fend off tough competition from Asian rivals and offset shrinking demand from domestic automakers. The deal, which would likely see Japan’s top steelmaker Nippon Steel acquiring Sumitomo Metal, comes as the industry grapples with surging [...]
US manufacturing gears up February 1, 2011 The US manufacturing sector grew at its fastest pace in nearly seven years in January, in the latest sign the economic recovery is gaining traction. The Institute for Supply Management’s monthly manufacturing survey fits into a pattern of steadily improving data, although manufacturers’ input costs also jumped due to inflationary pressure. Its report comes ahead [...]
US manufacturing gears up February 1, 2011 The US manufacturing sector grew at its fastest pace in nearly seven years in January, in the latest sign the economic recovery is gaining traction. The Institute for Supply Management’s monthly manufacturing survey fits into a pattern of steadily improving data, although manufacturers’ input costs also jumped due to inflationary pressure. Its report comes ahead [...]
What the other papers say this morning February 28, 2011 FINANCIAL TIMES NORTHERN ROCK TO OFFER 90 PER CENT MORTGAGES Northern Rock is poised to launch a range of mortgages offering up to 90 per cent of a property’s value, marking the nationalised bank’s return to riskier lending three years after its collapse and government bail-out. The lossmaking lender could make the new high loan-to-value [...]
What the other papers say this morning February 28, 2011 FINANCIAL TIMES NORTHERN ROCK TO OFFER 90 PER CENT MORTGAGES Northern Rock is poised to launch a range of mortgages offering up to 90 per cent of a property’s value, marking the nationalised bank’s return to riskier lending three years after its collapse and government bail-out. The lossmaking lender could make the new high loan-to-value [...]
Sindall chair plans growth February 22, 2011 CONSTRUCTION group Morgan Sindall painted a bleak picture of the UK building market yesterday but said it plans to increase its share of the shrinking market in 2011. Morgan Sindall posted a full-year pre-tax profit of £40.7m for 2010, missing consensus forecasts of £46.9m, on a five per cent fall in revenue to £2.102bn. The [...]