MITIE announces a good start to the financial year August 12, 2013 Strategic outsourcing company MITIE has said it has had a good start to the financial year with a “growing order book” and a “strong pipeline of sales opportunities” (release). In its interim management statement for the period 1 April 2013 to date, MITIE said it had secured 89 per cent of budgeted revenues for this [...]
French central bank reports reduced net outflow for June August 12, 2013 The Banque de France has reported the net outflow of current transactions into and out of France in June fell to a €1.4bn (£1.2bn) in June from a revised €3.5bn (down from €4.1bn). This was primarily down to a reduction in the trade deficit in goods, which fell to €3.9bn from €5.9bn.
Before the open – 12/08 August 12, 2013 The Nikkei fell to a six-week low closing down 0.7 per cent while the yen strengthened on the back of weaker than expected second quarter GDP data this morning. However, the Shanghai Composite and the Hang Seng both jumped over 1.5 per cent as factory output topped forecasts after last Friday's close. Output grew by [...]
Taylor Wimpey announces refinancing of credit facility ahead of schedule August 12, 2013 UK housebuilding company Taylor Wimpey has announced it has completed the refinancing of its revolving credit facitility, due to mature in November next year, with a new revolving credit facility for £550m, which will mature in August 2018. Revolving credit facilities are a type of credit issued without a predetermined number of payments, usually used [...]
Nikkei falls on weak GDP data, raises questions about sales tax hike August 12, 2013 Source: Yahoo The Nikkei fell to a six-week low last night as the Cabinet Office revealed the economy grew by a weaker than expected 0.6 per cent in the second quarter, down from 1.0 per cent the quarter before. Analysts had expected a slight drop to 0.9 per cent. This means the full year GDP [...]
Any Other Business – 12/08 August 11, 2013 ■ If you’ve ever fancied your own private jet, now would be the perfect time to buy. According to business aircraft manufacturer Beechcraft, 20.8 per cent of the light and midsized private jet market in the UK is currently up for sale, with 19 per cent on the market across Europe. Anything over 10 per [...]
UK economic recovery heads to regions August 11, 2013 BRITAIN’S economic recovery is continuing to intensify, with a raft of surveys this morning revealing increased optimism, growing consumer spending and growth across the UK. In a remarkable development showing that the rebound is now no longer confined to London and its commuter belt, Lloyds TSB’s regional purchasing managers’ index (PMI) for July implied the [...]
Top financial firms face EU gender quotas for their boards August 11, 2013 CITY financial firms will be forced to set targets for the number of men and women holding roles within their management bodies from January onwards, as the UK’s financial watchdog prepares to implement European reforms. Around 2,400 investment companies regulated by the Financial Conduct Authority and Prudential Regulation Authority will have to lay out [...]
Retail bosses fight back after Labour attack August 11, 2013 HIGH street giants Tesco and Next have lashed out at Labour after the party branded them “unscrupulous employers” and claimed they preferred cheap Eastern European staff over British workers. Shadow immigration minister Chris Bryant will today call out hiring procedures at the two firms as part of a wide-ranging attack on businesses that use [...]
Job figures take new role after Bank policy change August 11, 2013 AS UNEMPLOYMENT figures are announced this week, economists have suggested that an unpredicted rise or fall may throw off the Bank of England’s decision to peg decisions on interest rates to the rate of joblessness. New governor Mark Carney’s changes to monetary policy mean that interest rates are likely to be kept at 0.5 per [...]