House prices dip December 6, 2011 House prices fell by 0.9 per cent in November, mortgage lender Halifax said on Tuesday, though it said it expected the housing market to hold steady in the coming months. House prices fell by one per cent in the three months to November compared with a year ago, weaker than the 0.7 per cent decline [...]
House prices dip December 6, 2011 House prices fell by 0.9 per cent in November, mortgage lender Halifax said on Tuesday, though it said it expected the housing market to hold steady in the coming months. House prices fell by one per cent in the three months to November compared with a year ago, weaker than the 0.7 per cent decline [...]
ITALIAN BOND YIELDS HIT EURO-ERA HIGH November 29, 2011 ITALY, under new Prime Minister Mario Monti, had to offer a record 7.89 per cent yield to sell three-year bonds yesterday, a stunning leap from the 4.93 per cent it paid in late October, and above levels at which Greece, Ireland and Portugal were forced to apply for bailouts.
ITALIAN BOND YIELDS HIT EURO-ERA HIGH November 29, 2011 ITALY, under new Prime Minister Mario Monti, had to offer a record 7.89 per cent yield to sell three-year bonds yesterday, a stunning leap from the 4.93 per cent it paid in late October, and above levels at which Greece, Ireland and Portugal were forced to apply for bailouts.
OECD warns euro slump is going global December 12, 2011 EUROPE’S economic weakness has hurt trade, affecting the world economy, analysts at Fitch warned, as figures from the Organisation for Economic Cooperation and Development (OECD) yesterday strongly suggested worse it yet to come in the Eurozone, the BRICS nations and the US. Fitch raised concern about the impact of the Eurozone crisis in its global [...]
Morrisons to create 7,000 jobs December 14, 2011 Britain’s fourth largest grocer Wm Morrison Supermarkets said it will create over 7,000 new jobs in 2012, as it opens 25 new stores and develops its manufacturing and logistics operations. The firm, which created about 6,000 jobs this year, said on Wednesday that many of the new jobs created next year will be skilled positions [...]
Car manufacturers driven by exports November 17, 2011 MANUFACTURING received a much-needed boost in October as car manufacturing rose on increasing exports, according to figures out yesterday from the Society of Motor Manufacturers and Traders (SMMT). Car production was up 14.1 per cent on October 2010, and rose by 5.8 per cent on the year to date compared with the same period of [...]
Ex-Olympus chief slams shareholders December 15, 2011 THE WHISTLEBLOWER in Japan’s Olympus scandal, ex-chief executive Michael Woodford, blasted Japanese shareholders yesterday for failing to stand up for him, amid signs that domestic and foreign investors are split over his campaign to be reinstated. Woodford, an Englishman who was a rare foreign CEO in Japan, went public with his concerns over crooked accounting [...]
US factories defy slump in world output December 1, 2011 MANUFACTURING production plummeted in the Eurozone, UK and China in November, Markit’s purchasing managers’ indices (PMI) showed yesterday, yet US industry kept expanding. Eurozone manufacturing PMI hit a 28-month low, with job losses in all 17 members of the currency bloc except Germany and Austria. PMI fell to 46.4 from 47.1 in October. Any figure [...]
FTSE falls in light trading as heavyweights go ex-dividend February 15, 2012 BRITAIN’S top share index fell in light, choppy trade yesterday, pressured by heavyweights such as BP trading ex-dividend, and miners and broadcasters after analysts cautioned against further upside to recent sector gains. London’s blue chip index closed down 7.71 points or 0.1 per cent at 5,892.16. The FTSE 100 has barely moved outside of the [...]