Eurozone inflation ticked back up in May July 16, 2013 PRICES in the euro area rose by 1.6 per cent between June 2012 and last month, according to the statistical agency of the European Union, Eurostat. The rise is higher than that seen for the previous two months. The harmonised measure of consumer price inflation (known as HICP) in the year to May was 1.4 [...]
Further solid rise in house prices confirmed July 16, 2013 UK HOUSE prices are rising strongly, ticking up by 2.9 per cent in the year to May, the Office for National Statistics announced yesterday. The release showed the fastest year-on-year growth in prices yet seen in 2013. London contributed most to the increase, with a 6.6 per cent rise, soaring above average wage growth. In [...]
Unemployment yet to hit peak in Europe’s troubled periphery July 16, 2013 A REPORT released by the Organisation for Economic Co-operation and Development (OECD) suggests that unemployment will continue to rise in the Eurozone. The study predicts that the euro area’s unemployment will hit 12.3 per cent in 2014, with an increase of one per cent or more in the level of unemployment in Italy, Greece, the [...]
As one fashion door closes the next one opens July 16, 2013 THERE has been a mass exodus in the retailing world lately – with British fashion label Nicole Farhi going into administration last week and two female retail powerhouses bowing out of their high-powered jobs this week. My-wardrobe.com founder Sarah Curran left her role as board member and face of the firm on Monday, and only yesterday [...]
BLP partners sweat it out on court for day of tennis with star players July 16, 2013 LAWYERS from BLP were sweating it out, not in court yesterday, but on it. Sporty solicitors including the firms’s co-head of mining Alexander Keepin and EU competition and trade partner Adrian Magnus were rallying with tennis stars – including Andy Murray’s brother Jamie, British ladies’ number one Laura Robson and ex-Davis Cup tennis player Ross Hutchins – [...]
NHS hospitals placed under expert control July 16, 2013 JEREMY Hunt yesterday said he has put 11 NHS hospital trusts under external control following a damning report that highlighted higher than expected death rates at the institutions under their authority. Amid fiery exchanges in the House of Commons, Hunt also accused Andy Burnham – his Labour opposite number and a predecessor as health secretary – [...]
Banks wrongly reject 1,500 PPI compensation claims each day July 16, 2013 CUSTOMER complaints about mis-sold payment protection insurance picked up again in the last three months, the Financial Ombudsman Service (FOS) revealed yesterday. Overall the financial referee received 159,197 new complaints, up 179 per cent on the year. And 83 per cent of those were PPI complaints, up from 56 per cent a year ago. That means [...]
Coalition clash over Trident replacement July 16, 2013 THE CONSERVATIVES and Labour yesterday joined forces to attack a Lib Dem-commissioned report which proposed ways of cutting back the size of the UK’s nuclear deterrent. The report, written by Whitehall civil servants at the bidding of the junior coalition party, says the existing four Trident submarines could be replaced with just three new vessels [...]
Profits dip at Charles Schwab July 16, 2013 ONLINE broker Charles Schwab posted a slightly worse-than-expected seven per cent fall in quarterly profit yesterday as expenses rose. The San Francisco-based company’s net profit fell to $256m (£169.6m), or 18 cents per share, in the second quarter, from $275m, or 20 cents per share, a year earlier. Revenue rose four per cent to $1.34bn. [...]
Fizz goes out of Coke income on rain and weak economy July 16, 2013 COCA-COLA reported weaker-than-expected sales volumes yesterday, blaming ongoing economic malaise and unusually poor weather for the downturn. Coca-Cola said overall volume rose one per cent, which was below its expectations, and cited slow economies in Europe, Asia and Latin America. It also said historically wet and cold weather across various regions curbed sales of soft [...]
