US sees fastest factory output hike since 2011 February 22, 2013 US MANUFACTURERS boosted output at the fastest rate since March 2011, according to data out yesterday. Markit’s manufacturing purchasing managers’ index (PMI) for output jumped from 56.8 in January to 58.1 this month, a 23-month high. Since it is further above 50, it suggests a yet faster pace of activity growth in the factory sector. [...]
City Moves for 22 February 2013 | Who’s switching jobs February 22, 2013 Withers The law firm has announced the appointment of Matthew Feargrieve as a partner. Feargrieve will be responsible for establishing a pan-European investment funds practice. He joins from Appleby, where he was a partner and team leader for funds and investment services. He has also held senior positions at Mourant du Feu & Jeune and [...]
Best of the Brokers February 22, 2013 CARILLION Liberum Capital has reiterated its “Sell” rating on construction business Carillion ahead of next week’s interim results, with a target price of 322p. The analysts expect to a see reduced order book for future work in the face of a tough UK construction market, as well as a disappointing outlook in the Middle East. Overall [...]
Zut alors: French minister rattled February 22, 2013 SHOCKED French industry minister Arnaud Montebourg has put pen to paper and sent a spluttering response to US tyre firm Titan’s boss Maurice Taylor in defence of France’s “favourable way of life”. In Taylor’s letter, which The Capitalist reported on yesterday, he declined an offer to buy a French tyre factory, criticising French workers for taking [...]
Invest in the new Canning Town February 22, 2013 New development Vermillion is helping Canning Town become a thriving new area, says Naomi Mdudu CHARLES DICKENS may not have spoken favourably about the area in the mid-nineteenth century, but Canning Town is undergoing considerable changes. This month saw the launch of two new penthouse apartments in the luxury block, which span the top two [...]
Period features meet contemporary luxury living at Aldford House February 22, 2013 ALDFORD HOUSE £8M KNOWN FOR being the residential location of choice for many of the capital’s most prominent figures, Park Lane is one of the most prestigious residential roads in London (it isn’t the second most expensive street on the London edition of Monopoly for nothing). The road, which was once little more than a [...]
A good broker might be the best solution against gazumping February 22, 2013 Q and A Q I’m BUYING a flat and am worried that someone is going to gazump me. What can I do to stop this happening? A Trouble here is that the law says that any offer put up, and this could come from someone who’s seen the flat before, has to be reported to [...]
Down, down, down February 21, 2013 Sterling slumps even further as Bank governor votes for more QE THE POUND tumbled to an eight month low against the dollar yesterday, after the Bank of England revealed that its governor Sir Mervyn King has begun pushing for another round of monetary stimulus. Sterling has taken a hammering so far this year, dropping from [...]
…but FTSE bucks the trends as it touches five-year high February 21, 2013 THE FTSE 100 climbed to a five year peak during yesterday’s trading, breaking through another psychological barrier. London’s main blue chip index reached 6,412.44 points as investors were boosted by renewed belief that the Bank of England could be set for more quantitative easing. It was the first time since January 2008 that the FTSE [...]
Jobs boom continues but slump in real wages bites February 21, 2013 EMPLOYMENT soared to another new all-time record in the final three months of 2012, despite the economic activity rate falling to a 22-year low. Employment rose 154,000 between the third and fourth quarter of 2012, reaching 29.73m, the highest level ever. At the same time, unemployment edged down 14,000, to 2.50m, 156,000 lower than during [...]