Solid progress for Quintain despite property downturn August 10, 2010 PROPERTY group Quintain yesterday said its strategic business plan is well underway after it achieved two of the milestones it set itself in June and added a chunk to its annualised income in the first quarter of the year. The group said it had added £3.5m to its annualised income since the end of the [...]
Boris says government must not cut spending on employment August 10, 2010 MAYOR of London Boris Johnson has warned the government not to cut vital funding that will boost employment in the capital. The plea came ahead of unemployment figures due this morning that will show one in three working-age Londoners do not have a job. Johnson is calling for funding to be maintained for the London [...]
YouGov expands further into US with purchase of research rival August 10, 2010 MARKET research firm YouGov has doubled the scale of its US business with the $6m (£3.8m) purchase of one of its Stateside rivals. The acquisition of Connecticut-based Harrison Group, for an initial consideration of $6m, will be funded from existing cash resources. The deal includes provisions for further amounts, estimated at $7m, subject to performance [...]
BAA boost as Heathrow has record month August 10, 2010 THE number of people travelling through BAA’s UK airports increased by 0.3 per cent to 10.9m in July. Heathrow recorded its busiest-ever month, with 6.7m people making journeys through the airport – 3.5 per cent more than last year. Sunday 18 July was Heathrow’s busiest-ever day, with 232,000 people passing through the airport. Across BAA, [...]
Aerospace firms bounce back as orders come in August 10, 2010 THE aerospace industry is bouncing back after a tough period following the recession, according to a report published today. The report, compiled by the Aerospace, Defence and Security trade organisation, shows that revenues for the UK aerospace industry swelled 5.4 per cent in 2009 to a combined £22.2bn. It comes after last month’s encouraging Farnborough [...]
Rise in house prices grinds to sharp halt August 10, 2010 THERE was further proof that the property market is cooling down yesterday, after government figures showed house prices were flat on the month in June. Figures from the Department for Communities and Local Government (DCLG) showed that seasonally adjusted average prices were unchanged across the UK in June. That cut the annual rate of increase [...]
British exports are recovering August 10, 2010 BRITAIN’S trade gap narrowed in June as exports recovered, but economists warned overseas demand would not offset the flagging economy at home. Exports increased at four times the pace of imports in June, narrowing the trade in goods deficit from £8bn in May to a lower-than-expected £7.4bn, the Office for National Statistics said. The overall [...]
Chinese trade surplus hits 18-month high of $28.7bn August 10, 2010 CHINA’S trade surplus unexpectedly ballooned in July to an 18-month high of $28.7bn (£18.2bn) in July from $20.02bn in June, handing fresh ammunition to critics who say Beijing is still not moving swiftly enough to allow the yuan to rise. Exports showed resilience, rising 38.1 per cent from a year earlier to a record high [...]
CITY VIEWS: ARE YOU WORRIED ABOUT FALLING HOUSE PRICES? August 10, 2010 EGAN LUDLOW | KENNEDYS “I think the market will return over time even if prices fall in the short-term. The question is whether the South East will be affected. I think people in the regions will be affected with rising levels of unemployment, but the City lives off confidence so it will be interesting.” MATTHEW [...]
Interserve is hit as profits dip by a third August 10, 2010 Maintenance and outsourcing firm Interserve yesterday said first half pretax profit fell 31 per cent compared to last year, though the firm expects growth in overseas markets to help improve earnings in the coming year. The company, which last year closed the majority of its pension scheme, said pre-tax profit for the first half of [...]