Daily Mail owner warns on UK news market November 23, 2011 DMGT, the media group behind the Daily Mail and Metro newspapers, has posted a 14 per cent fall in pre-tax profit for the year to 2 October, but said its underlying performance showed a three per cent improvement. The FTSE 250-listed company said its statutory pre-tax profit was £125m but the underlying value was £237m [...]
China factory activity shrinks most in 32 months November 23, 2011 China’s factory sector shrank by the most in more than two and a half years in November as new orders slumped, a preliminary PMI survey has shown. The data has revived worries that China may be skidding towards an economic hard landing, fuelling global recession fears and sending Asian stock markets down at the close. [...]
US third-quarter growth revised down November 22, 2011 The US economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter. Gross domestic product grew at a two per cent annual rate in the third quarter, the Commerce Department has said in [...]
US third-quarter growth revised down November 22, 2011 The US economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter. Gross domestic product grew at a two per cent annual rate in the third quarter, the Commerce Department has said in [...]
Government borrowing lower than expected in October November 22, 2011 Public sector net borrowing was slightly better than expected in October at £6.5bn, down by £1.2bn compared with the same period last year and below forecasts of £6.8bn. The lower-than-expected level of borrowing will provide a slight confidence boost for chancellor George Osborne a week before the Office of Budget Responsibility gives the official forecasts [...]
Government borrowing lower than expected in October November 22, 2011 Public sector net borrowing was slightly better than expected in October at £6.5bn, down by £1.2bn compared with the same period last year and below forecasts of £6.8bn. The lower-than-expected level of borrowing will provide a slight confidence boost for chancellor George Osborne a week before the Office of Budget Responsibility gives the official forecasts [...]
FTSE bounces but travel firms suffer November 22, 2011 Stability in Eurozone bond yields and short-term bargain-hunting gave London stocks some momentum today but investors remained wary after six previous sessions of losses. US markets closed down last night after the bipartisan committee nominated to find $1.2 trillion (£764m) of government spending cuts admitted it could not agree on a plan. Asian markets also [...]
FTSE bounces but travel firms suffer November 22, 2011 Stability in Eurozone bond yields and short-term bargain-hunting gave London stocks some momentum today but investors remained wary after six previous sessions of losses. US markets closed down last night after the bipartisan committee nominated to find $1.2 trillion (£764m) of government spending cuts admitted it could not agree on a plan. Asian markets also [...]
M&B expects to overcome tough conditions November 22, 2011 Restaurant and pub group Mitchells & Butlers has said it is confident it could overcome the tough consumer environment in 2012 after making a good start to its new financial year, helped by mild weather. The company, which rejected two bid approaches from billionaire currency trader Joe Lewis earlier this year, posted full-year adjusted pre-tax [...]
M&B expects to overcome tough conditions November 22, 2011 Restaurant and pub group Mitchells & Butlers has said it is confident it could overcome the tough consumer environment in 2012 after making a good start to its new financial year, helped by mild weather. The company, which rejected two bid approaches from billionaire currency trader Joe Lewis earlier this year, posted full-year adjusted pre-tax [...]