Iron boosts Rio Tinto but coal suffers January 18, 2011 GLOBAL miner Rio Tinto posted a six per cent rise in iron ore production in the fourth quarter, powered by Chinese demand, but said coal production suffered after flood-related disruptions in Australia. Rio Tinto said in a production report yesterday that it produced 50.05m tonnes of iron ore in the fourth quarter versus 47.23m a [...]
Shop prices kept in check December 7, 2010 INTENSE competition between retailers in the run up to Christmas is driving down shop price inflation, new figures reveal today. Shop prices are rising at a much slower rate than overall inflation, the Shop Price Index (SPI) showed. For the first time in five months year on year shop price inflation actually fell, down to [...]
Shop prices kept in check December 7, 2010 INTENSE competition between retailers in the run up to Christmas is driving down shop price inflation, new figures reveal today. Shop prices are rising at a much slower rate than overall inflation, the Shop Price Index (SPI) showed. For the first time in five months year on year shop price inflation actually fell, down to [...]
Moss Bros in sales rise boost December 9, 2010 MOSS Bros posted an 8.3 per cent rise in like-for-like sales for the first 18 weeks of the second half as the British menswear retailer’s improved product offering drew in more shoppers. The company, which has 150 retail outlets worldwide, said total sales for the 44-week period to 4 December were up 8.9 per cent [...]
Virgin witholds BAA charges in snow row January 10, 2011 SIR RICHARD Branson’s airline Virgin Atlantic has refused to pay fees owed to airport operator BAA following the chaos at Heathrow during the icy weather, and said it might take legal action. Virgin plans to withhold bills for landing and parking planes until it sees the results of an internal BAA inquiry into the disruption, [...]
Virgin witholds BAA charges in snow row January 10, 2011 SIR RICHARD Branson’s airline Virgin Atlantic has refused to pay fees owed to airport operator BAA following the chaos at Heathrow during the icy weather, and said it might take legal action. Virgin plans to withhold bills for landing and parking planes until it sees the results of an internal BAA inquiry into the disruption, [...]
THE TIPSTER January 17, 2011 INDUSTRIAL giant General Electric reports its fourth quarter earnings on Friday. The company is often seen as something of a barometer for the global economy as a whole but the share price still remains somewhat depressed from the highs of 2007. Demand from emerging economies will continue to lend support to sectors such as its [...]
Business sentiment boost for Eurozone driven by Germany January 6, 2011 CONFIDENCE in the Eurozone economy shot up to a 38-month high in December, official figures revealed yesterday. The European Commission’s economic sentiment index rose from November’s 105.1 to record 106.2 last month – its highest level since October 2007. The results were driven by strong increases in industrial and retail confidence, a relief for European [...]
Business sentiment boost for Eurozone driven by Germany January 6, 2011 CONFIDENCE in the Eurozone economy shot up to a 38-month high in December, official figures revealed yesterday. The European Commission’s economic sentiment index rose from November’s 105.1 to record 106.2 last month – its highest level since October 2007. The results were driven by strong increases in industrial and retail confidence, a relief for European [...]
US jobs data leads FTSE to a strong close January 5, 2011 THE FTSE continued its strong start to 2011 as a late afternoon rally enabled it to stick at levels not seen since 2008. The FTSE 100 closed 29.99 points or 0.5 per cent higher to close at 6,043.86, still ahead of the important 6,000 mark and far above levels seen in the recession. Impressive US [...]