Industrial output stalls in September November 8, 2011 The UK’s total industrial output stalled in September after an 0.3 per cent gain in August, official data shows, adding fuel to fears that the economy is approaching a second recession. The overall industrial output measure reported by the Office of National Statistics, which includes oil and gas production and utility output, stayed at zero, [...]
Industrial output stalls in September November 8, 2011 The UK’s total industrial output stalled in September after an 0.3 per cent gain in August, official data shows, adding fuel to fears that the economy is approaching a second recession. The overall industrial output measure reported by the Office of National Statistics, which includes oil and gas production and utility output, stayed at zero, [...]
Morale among UK consumers starts to mend April 13, 2011 CONSUMER confidence on the UK high street picked up in March, following an all time low the previous month, a widely regarded Nationwide survey revealed today. The index picked up five points to a score of 44, still considerably below the same point last year, when the index recorded 73 points. “While this is a [...]
FirstGroup holds out for long-term train contract May 11, 2011 BRITISH transport operator FirstGroup has said it will not take up the option to extend its First Great Western franchise for three years beyond 2013 so it can bid for a longer-term deal. “We have made the commercial decision not to take up the option to extend the First Great Western franchise for a further [...]
Banks and miners stem tide of FTSE losses November 24, 2011 The FTSE 100 was solid this morning as banks and miners stabilized the index which has taken a battering from the confidence sapping Eurozone crisis. Germany – seen as the kingpin in the bloc – yesterday sold just €3.6bn (£3bn) worth of 10-year bonds, from €6bn euros on offer. That sent shockwaves through markets which [...]
Weale grants backing to QE October 9, 2011 SENIOR official Martin Weale launched a valiant defence of the Bank of England’s latest dose of quantitative easing yesterday, arguing that the move would not push up inflation without helping growth. Yet the Bank’s former leading hawk, Andrew Sentance, attacked the move dubbed QE2, and said the institution’s credibility was at risk. “One of the [...]
Weale grants backing to QE October 9, 2011 SENIOR official Martin Weale launched a valiant defence of the Bank of England’s latest dose of quantitative easing yesterday, arguing that the move would not push up inflation without helping growth. Yet the Bank’s former leading hawk, Andrew Sentance, attacked the move dubbed QE2, and said the institution’s credibility was at risk. “One of the [...]
Weak City to harm UK jobs October 30, 2011 THE NEGATIVE impact of the Eurozone crisis on the City will damage the whole of the British economy, economists warned this morning. Financial sector employment fell by 14,000 in the second quarter, Ernst and Young’s Item Club said, while it expects no or little recovery in City jobs next year. “Given the extent to which [...]
Morale slips on US high street March 29, 2011 US consumer confidence fell from an index score of 70 in February to 63.4 in March, the Conference Board said yesterday. Meanwhile, single family home prices fell for the seventh straight month in January, bringing prices to just above April 2009 lows. Prices in 20 US cities dropped 3.1 per cent year-on-year compared to the [...]
Morale slips on US high street March 29, 2011 US consumer confidence fell from an index score of 70 in February to 63.4 in March, the Conference Board said yesterday. Meanwhile, single family home prices fell for the seventh straight month in January, bringing prices to just above April 2009 lows. Prices in 20 US cities dropped 3.1 per cent year-on-year compared to the [...]