THREE OTHER DOCKLANDS RESTAURANTS October 12, 2009 JAMIE’S ITALIANJamie’s successful chain has brought colour – and extremely good pasta – to Canary Wharf. It doesn’t take bookings and its busy, but its worth trying your luck for the juicy, well-priced steaks, the spaghetti carbonara and the increasingly famous polenta chips. 2 Churchill Place, Canary Wharf, E14 5RB. www.jamieoliver.com PLATEAUSitting up on the [...]
US recession over, say experts October 12, 2009 THE US recession has come to an end, leading American economists predicted yesterday, though they said the pace of the economic recovery would be muted due to low levels of household spending and a weak job market. The survey of 44 professional forecasters released by the National Association of Business Economists (NABE) found that 80 [...]
BCC: Britain is now on brink of exiting the slump October 12, 2009 BRITAIN is on the verge of exiting the recession according to a new survey from the British Chambers of Commerce (BCC). In its quarterly economic survey, the BCC data showed both manufacturing and services improving. Confidence was much improved across all sectors, although manufacturing saw a marked increase where confidence in turnover rose 34 points [...]
Pound falls to six month low against euro October 12, 2009 Sterling fell to its lowest level against the euro in more than six months yesterday as British government plans to raise billions of pounds through asset sales reminded investors of how bleak the outlook is for the UK’s public finances. Sterling yesterday dropped to a low of 1.069 against the euro, a level not seen [...]
Woman receives Economics Nobel Prize for first time October 12, 2009 ELINOR OSTROM yesterday became the first woman to win a Nobel Prize in economics for her work on the use of common resources. A professor at Indiana University in the US, her work showed that user-managed properties such as woodlands or communal water sources were usually better managed than standard economic theories predicted. The received [...]
Returning consumer confidence gives UK retail sales a much-needed boost October 12, 2009 BRITISH retailers will breathe a sigh of relief today following the latest figures from the British Retail Consortium (BRC), which showed a healthy improvement in like-for-like retail sales last month. The data showed that UK retail sales values rose 2.8 per cent on a like-for-like basis in September compared to the previous year when turmoil [...]
House prices rise as new October 12, 2009 NEW demand for houses is outstripping supply coming onto the market and pushing house prices up, the Royal Institution of Chartered Surveyors (RICS) will say today. The net balance of surveyors reporting rising rather than falling prices jumped to 22 per cent in September, the highest net balance since May 2007. New demand growth has [...]
Let’s unleash the human spirit to create and build October 12, 2009 Whatever else you may want to say about Barack Obama’s award of the Nobel Peace Prize, it is clearly a nod to the enormous power of language as a healer of divisions. Time will tell whether he stops the fighting in Israel, discourages Iran from bomb plans, engages effectively with the Muslim world, heals the [...]
Tax warning for Lloyd’s of London firms October 12, 2009 CITY broker Collins Stewart has sounded alarm bells over insurers Brit and Beazley, after it emerged that the tax man will watch like a hawk companies moving abroad for tax reasons. Ben Cohen, an analyst at the brokerage, has labelled the stocks as “higher risk” because HM Revenue & Customs (HMRC) is expected to subject [...]
Speedy Hire slows down as a bearish outlook causes its shares to nose dive October 12, 2009 TOOL hire company Speedy Hire yesterday saw its shares nosedive after it warned investors its revenue was running below forecasts. The group’s shares slumped by 11.5 per cent to 38.25p. Speedy Hire said first-half turnover was likely to be around 29 per cent below the same period last year. The group said that with no [...]
