London 2012 IMAGE OF THE WEEK January 12, 2012 GYMNASTICS | WARM UP The Visa International Gymnastics takes place at the North Greenwich Arena between 10 and 18 January as part of the London Prepares series of test events being organised by LOCOG ahead of the London 2012 Olympic and Paralympic Games Between now and the start of the 2012 Olympic and Paralympic Games, [...]
JP Morgan shuffles executives January 12, 2012 JP Morgan Chase chief executive Jamie Dimon said yesterday that long-time colleague Jay Mandelbaum is leaving the company and that he is shifting the responsibilities of several operating executives. Mandelbaum, 49 years old and head of strategy and business development, has left to pursue other interests, Dimon said in a memo to staff. Doug Petno, [...]
German aid for Computacenter January 12, 2012 International expansion, with particularly strong growth in Germany, has helped IT services provider Computacenter boost its group revenue by seven per cent in the face of a challenging year in the UK. The company reported net cash of £111.5m – an increase of half a million pounds – despite having spent £29m on three acquisitions [...]
A happy Christmas for UK Mail January 12, 2012 Internet shoppers wanting home delivery over Christmas contributed to a successful third quarter for UK Mail Group, whose parcel division grew by ten per cent over the period. In line with expectations, UK Mail said reported group revenues increased six per cent compared to the previous year, while revenues on an underlying basis sank four [...]
OECD figures point to a UK contraction January 12, 2012 MOST developed economies will slow further in the coming months, the Organisation for Economic Cooperation and Development (OECD) warned yesterday. Only Japan, the US and Russia are showing positive signs, the body’s leading indicators suggest. In November the UK’s index — which aims to predict economic turning points six months in advance — slowed 0.4 [...]
Small asset rise at Ashmore January 12, 2012 UK FUND manager Ashmore Group yesterday reported a small rise in assets in the fourth quarter, helped by inflows into debt products and a recovery in its core emerging markets. Ashmore said assets grew 2.5 per cent to $60.4bn (£39.4bn), driven by $500m of net inflows and $1bn in positive performance. The numbers beat a [...]
Obama requests another $1.2 trillion extension to America’s debt ceiling January 12, 2012 THE WHITE House said last night that President Barack Obama would formally request the next US debt ceiling increase in “days not weeks.” “It’s imminent,” White House spokesman Jay Carney told a news briefing. Congress is unlikely to block the expected $1.2 trillion (£783bn) increase request, which is meant to ensure the debt limit will [...]
China’s inflation slows as authorities hope to loosen January 12, 2012 CONSUMER price inflation in China has slowed to its lowest level in 15 months, giving the government more room to tilt economic policy away from restraining prices and towards supporting sagging growth. Prices rose by 4.1 per cent in the 12 months to December, down from 4.2 per cent in November. The December figures was [...]
US recovery knocked by bearish data January 12, 2012 US RETAIL growth slowed in December and unemployment benefit claims rose last week, according to data published by the Commerce Department and Labor Department. Sales increased by 0.1 per cent in the month, down from 0.4 per cent in November, yesterday’s figures showed. The rise represents the slowest pace for seven months. Almost all sales [...]
Provident upbeat despite Britons looking cautious January 12, 2012 SHARES in sub-prime lender Provident Financial bounced nearly five per cent yesterday after it reported a dip in impairments. The stock closed up 4.84 per cent at 995.5p after Provident said impairments in the consumer credit division were running below the 2010 level. Collections were “strong” as customers’ behaviour remained cautious in the fourth quarter. [...]