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By: Express KCS

All 29418 Articles
  • Eurozone gets service sector growth boost

    April 7, 2015

    THE EUROZONE’S service sector is expanding at its fastest rate since July last year, new survey data show. The figures will boost hopes that the currency union can sustain some growth after its economic recovery ran out of steam last year. A survey of private sector firms – Markit’s purchasing managers’ index (PMI) – climbed [...]

  • Tsipras in Russia for cheap gas and loans to ease debt burden

    April 7, 2015

    GREEK Prime Minister Alexis Tsipras flew into Moscow yesterday with the Kremlin willing to bail out the cash-strapped EU state. Tsipras and Russian President Vladimir Putin, who are to hold formal talks and a working lunch today, are expected to sign an array of economic and commercial accords. The Kremlin meeting is also expected to [...]

  • Job openings in US reach a 14-year high

    April 7, 2015

    A JOBS market indicator watched closely by Federal Reserve chair Janet Yellen – the Jobs Openings and Labor Turnover Survey (Jolts) – showed a healthy pick up in vacancies in February. There were 5.13m job openings – a 14-year high – figures released yesterday by the US Labor Department revealed. Hiring was steady at 4.9m. [...]

  • Ryanair figures soar as charm offensive works

    April 7, 2015

    Irish low-cost airline Ryanair yesterday reported a 28pc rise in passenger numbers last month, as a charm offensive began to take hold.   The carrier, which has been on a mission to revamp its poor customer service image, said passenger numbers reached 6.7m in March – 1.5m more than the same period last year.   [...]

  • Flybe takes off as seat capacity and passenger numbers grow

    April 7, 2015

    FLYBE, the budget airline, yesterday reported a growth in seat capacity and revenue in the final quarter of the year, as it finished the first year of a three-year cost-cutting plan. The London-listed company said capacity increased 15 per cent year-on-year in the three months to March, while load factor remained constant at 70 per [...]

  • Boeing fast off the runway as it leaves Airbus trailing on orders

    April 7, 2015

    Boeing started the new year at cruising altitude by beating arch-rival Airbus for new plane orders in the first quarter, it was revealed yesterday. While Airbus recorded 121 new orders, it came unstuck when the Toulouse-based aviation firm was forced to concede that 20 orders had been cancelled, leaving its net booking behind Boeing’s 110 [...]

  • Deflation sets in as shop prices fall even faster

    April 7, 2015

    Shop prices fell at a record pace in March, with clothing and electrical prices diving, and food prices falling faster than ever before. Overall prices fell by 2.1 per cent on the year, according to the British Retail Consortium (BRC), with food prices falling by 0.9 per cent. Those are both the fastest declines in [...]

  • British shoppers spend more than £15bn per month online

    April 7, 2015

    THE UK is increasingly a nation of digital shoppers, as new figures yesterday revealed that 30 per cent of spending on debit and credit cards was done online. In January, shoppers spent £46.5bn on the plastic, with £15.4bn of that over the internet, according to the UK Cards Association. Overall spending on cards rose 7.3 per cent [...]

  • Informatica is taken private in $5.3bn deal

    April 7, 2015

    INFORMATICA yesterday agreed to be bought by Permira Advisers and the Canada Pension Plan Investment Board (CPPIB) for $5.3bn (£3.57bn) in the largest leveraged buyout so far this year. Permira and CPPIB will pay $48.75 a share for the California-headquartered data-software company, according to a statement confirming an earlier report in The Wall Street Journal. [...]

  • Afren gets Roc Oil boss Alan Linn to lead turnaround plan

    April 7, 2015

    Troubled oil firm Afren confirmed yesterday that Alan Linn had been appointed as chief executive after the company completes a $300m (£202m) funding deal with its lenders. Afren was forced to dismiss its chief executive Osman Shahenshah and finance chief Shahid Ullah in October last year after reports that they had been receiving unauthorised payments. [...]

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