China declares shift to “prudent” monetary policy December 3, 2010 CHINA will switch to a prudent monetary policy from a moderately loose stance, the Communist Party’s top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls. At the same time, the Politburo elected to maintain China’s proactive fiscal policy, an indication that the government wants [...]
China declares shift to “prudent” monetary policy December 3, 2010 CHINA will switch to a prudent monetary policy from a moderately loose stance, the Communist Party’s top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls. At the same time, the Politburo elected to maintain China’s proactive fiscal policy, an indication that the government wants [...]
Demand for HD television buoys Pace October 28, 2010 Pace, the world’s largest set-top box maker, has managed to maintain the blistering rate of sales it set in the wake of the World Cup. Demand for its high-definition services continues to rocket, solidifying the firm’s position at the top of the market, ahead of bitter rival Motorola. The UK-based firm now says it is [...]
Future wants to put the past behind it May 20, 2010 PUBLISHING giant Future saw its revenue slip but says the tide is turning after an “annus horribilis” last year. Adjusted pre-tax profits at the firm rose 13 per cent to £3.6m in the six months to 31 March while revenue dipped seven per cent to £71.4m. But chief executive Stevie Springer says the outlook for [...]
US stocks stage late rally to counteract euro fears May 25, 2010 US stocks staged a furious late-day rally yesterday to push the S&P 500 into positive territory as the focus shifted from European debt woes to buying after shares hit six-month lows. Major US indexes had fallen more than three per cent early in the session. The morning’s action reflected the market’s nervousness as the S&P [...]
WHAT CHALLENGES DOES THE UK LABOUR MARKET FACE? October 17, 2010 MICHAEL SAUNDERS | CITI “Last week’s BCC survey implied that there is less labour market slack than would be expected given the surge in the jobless rate. The share of firms reporting recruitment difficulties also rose slightly. It is possible that the shift towards export-oriented manufacturing is exacerbating skill mismatches.” IAN JERMIN | MERCHANT SECURITIES [...]
WHAT CHALLENGES DOES THE UK LABOUR MARKET FACE? October 17, 2010 MICHAEL SAUNDERS | CITI “Last week’s BCC survey implied that there is less labour market slack than would be expected given the surge in the jobless rate. The share of firms reporting recruitment difficulties also rose slightly. It is possible that the shift towards export-oriented manufacturing is exacerbating skill mismatches.” IAN JERMIN | MERCHANT SECURITIES [...]
Greggs sales up as brekkie menu thrives May 12, 2010 GREGGS bakery reported another period of sales growth yesterday after being boosted by its new breakfast menu. The group said yesterday like-for-like sales rose by 0.6 per cent in the 18 weeks to 8 May, slightly lower than the rate in March but still in line with its expectations. The baker, which has 1,400 outlets, [...]
Global airline equities are cleared for take-off June 7, 2010 THE global airline industry is set to take off this year, provided the economic recovery holds up, according to the International Air Transport Association (IATA), an association of 230 airlines. IATA has revised its 2010 profit forecast for the industry up to $2.5bn, having formerly predicted a $2.8bn loss. It says that low oil prices, [...]
New car sales drop after scrappage scheme October 6, 2010 New car sales dropped 8.9 per cent in September compared with the same month last year, according to the Society of Motor Manufacturers and Traders. The figures have been hit by the end of the scrappage scheme which helped to boost car sales. However, September’s drop was less than the 17 per cent seen in [...]