Eurozone manufacturing grows at fastest pace for over a year January 4, 2016 Manufacturing in the Eurozone is growing at its fastest pace since April 2014, with Italy posting its highest growth rate in nearly five years. Markit's manufacturing purchasing managers' index (PMI) – compiled from a survey of businesses – rose to a score 53.2 in December from 52.8 in November. It also slightly above an earlier "flash" estimate of 53.1. Figures above [...]
Strong mortgage market takes total UK lending growth to seven-year high January 4, 2016 Mortgage lending is climbing at its fastest pace since 2009 with total UK lending now growing at its fastest rate for seven years. Total mortgage lending in the UK climbed by £3.9bn in November, up 2.5 per cent on November 2014, according to figures released by the Bank of England this morning. “Lenders’ appetite for new [...]
UK manufacturing growth falls to three-month low January 4, 2016 The UK's manufacturing sector suffered a slow end to the year, according to business survey figures published this morning. Markit's purchasing managers' index dropped to a score of 51.9 in December from 52.5 the month before. Scores above 50 imply the sector grew over the month, with December's lower figure implying slower growth. It was also the [...]
UK house prices: There are now 10 buyers for each property on the market – with first-time buyers hit hardest January 4, 2016 Thinking of putting your house on the market this year? Now's the time to do it, after new figures suggested there are now 10 prospective buyers for each property on the market. The National Association of Estate Agents' (NAEA) November Housing Market Report showed the number of house-hunters grew 20 per cent in during the [...]
CSI300, Shenzhen composite index and Shanghai composite index: The full scale of China’s stock market carnage January 4, 2016 Chinese stocks kicked off the new year dispiritingly, after trading was suspended on its blue-chip CSI300, which suffered its worst day in nine years. The CSI300 crashed down seven per cent, and triggered the so-called "circuit breaker" suspension mechanism. The measure, which was introduced to curb volatility in the wake of Black Monday, was used for the first time today. [...]
How do you pick a career? Fear is a key motivator for a quarter of UK workers, but at least we’re tackling it face on January 4, 2016 It's not childhood dreams or passion for a particular subject that motivates many people to pick their career path. Research from jobs website CV-Library has found that just over a quarter (26 per cent) of UK workers choose their job because they were trying to avoid certain workplace fears. In the survey of more than [...]
Chinese trading suspended after benchmark CSI300 plummets January 4, 2016 Trading on China's stock market was suspended today, in the wake of a sell-off sparked by a survey showing Chinese manufacturing activity contracted for a 10th consecutive month in December. China's blue-chip CSI300 suffered its worst day in nine years, tumbling around seven per cent to just 3,469.07 points. Officials subsequently halted trading for the rest of the day [...]
New year, new job? More than one in five employees expected to seek out new role in 2016, with better pay and benefits being the biggest motivator January 4, 2016 More than one in five (21 per cent) employees will be polishing off their CV and looking for a new job in 2016. A survey of 1,000 full-time employees released today by people management consultancy Penna discovered that nearly half (48 per cent) of those planning to leave for pastures new were doing so to [...]
EU referendum: UK financial chiefs’ favour for staying in the EU falls, and many feeling wary about 2016 January 4, 2016 The proportion of UK finance chiefs supporting the country’s stay in the EU has fallen, and many are approaching the new year with a great deal of caution. According to professional services firm Deloitte’s most recent chief financial officer (CFO) survey, less than two-thirds (62 per cent) said they were in favour of the UK [...]
Business services drive rebound in private sector growth January 4, 2016 The private sector gained momentum toward the end of the year, according to survey figures released this morning. The Confederation of British Industry’s (CBI) growth indicator strengthened in the final three months of 2015, with growth driven by the services sector. Manufacturers continued to struggle, the CBI said. The difference between the percentage of firms reporting [...]