WHAT THE OTHER PAPERS SAY THIS MORNING September 1, 2010 FINANCIAL TIMES MEAT PRICE SURGE FUELS FEARS OF FOOD INFLATION Global meat prices have hit a 20-year high as robust demand from emerging countries has coincided with a drop in production by exporters such as the US and Australia, fuelling concerns about rising food inflation. The UN Food and Agriculture Organisation’s index of meat prices [...]
Virgin Active eyes £1bn sale as an alternative to floating July 25, 2010 VIRGIN ACTIVE, the gym chain owned by Sir Richard Branson, is considering a secondary private equity sale that could value the business at £1bn. Virgin is known to have been considering an initial public offering (IPO) as a way of raising capital for growth for some time, but stockmarket turbulence has made that route less [...]
Bellway claims housing market is back to normal and forecasts 10pc growth August 5, 2010 HOUSEBUILDER Bellway said yesterday it remains on track to increase production by 10 per cent this year, while reassuring investors that the housing market has returned to more normal conditions. The FTSE 250-listed company said it completed the sale of 4,595 homes in the year to 31 July, a rise of five per cent on [...]
US home prices jump in June August 31, 2010 Prices of US single-family homes gained more than expected in June and rose in the second quarter, reflecting the lingering boost from homebuyer tax credits that ended in April, Standard & Poor’s/Case Shiller home price indexes showed yesterday. The effects of buyer tax credits have largely filtered through and home prices will be hard-pressed to [...]
US home prices jump in June August 31, 2010 Prices of US single-family homes gained more than expected in June and rose in the second quarter, reflecting the lingering boost from homebuyer tax credits that ended in April, Standard & Poor’s/Case Shiller home price indexes showed yesterday. The effects of buyer tax credits have largely filtered through and home prices will be hard-pressed to [...]
CITY MOVES | WHO’S SWITCHING JOBS August 23, 2010 Future Group The media business has appointed former ITN chief executive Mark Wood as chief executive of its UK business. Wood, who stood down from ITN last year, has been a non-executive director at Future since April 2009. He will leave the board on taking up his new post at the end of the month. [...]
Wall Street hails better jobless claims August 26, 2010 REPORTS of shorter jobless queues in the United States gave Wall Street some much-needed cheer yesterday after poor housing market and durable goods figures earlier this week heightened fears of a double-dip recession. Initial jobless claims for state unemployment benefits fell 31,000 to a seasonally-adjusted 473,000 last week, far fewer than the 490,000 that the [...]
Wall Street hails better jobless claims August 26, 2010 REPORTS of shorter jobless queues in the United States gave Wall Street some much-needed cheer yesterday after poor housing market and durable goods figures earlier this week heightened fears of a double-dip recession. Initial jobless claims for state unemployment benefits fell 31,000 to a seasonally-adjusted 473,000 last week, far fewer than the 490,000 that the [...]
BP puts faith in static kill to plug leak August 1, 2010 BELEAGUERED oil giant BP will begin the process, known as a “static kill”, to permanently plug the oil leak in the Gulf of Mexico as soon as this evening, as the US backlash against the company continues. The operation, which involves the pumping of mud into the well, will force the oil back into the [...]
BP puts faith in static kill to plug leak August 1, 2010 BELEAGUERED oil giant BP will begin the process, known as a “static kill”, to permanently plug the oil leak in the Gulf of Mexico as soon as this evening, as the US backlash against the company continues. The operation, which involves the pumping of mud into the well, will force the oil back into the [...]