Retail sales dip in US May 13, 2009 US retail sales fell 0.4 per cent in April, dashing hopes that consumer spending was starting to revive and would help end the recession. Economists said families who are worried about layoffs and unpaid job furloughs are saving more and spending less, delaying the start of a sustained recovery. Retail sales had posted gains in [...]
Retail sales dip in US May 13, 2009 US retail sales fell 0.4 per cent in April, dashing hopes that consumer spending was starting to revive and would help end the recession. Economists said families who are worried about layoffs and unpaid job furloughs are saving more and spending less, delaying the start of a sustained recovery. Retail sales had posted gains in [...]
DRIVING SHARES DOWN May 13, 2009 SHARES in ailing automaker General Motors (GM) tumbled to their lowest since the 1930’s yesterday, on the back of senior executives at the company selling off $315,000 (£206,000) of GM’s stock. Chief executive Fritz Henderson (pictured) said earlier this week the company was likely to file for a Chapter 11 bankruptcy.
MPs rush to remedy row with cheques May 13, 2009 FORMER agriculture minister Elliot Morley was last night revealed to have claimed parliamentary expenses of more than £16,000 for a mortgage that did not exist. Morley continued to claim for the mortgage interest on his constituency home for more than 18 months after the loan had already been paid off. This latest revelation is regarded as the [...]
MPs rush to remedy row with cheques May 13, 2009 FORMER agriculture minister Elliot Morley was last night revealed to have claimed parliamentary expenses of more than £16,000 for a mortgage that did not exist. Morley continued to claim for the mortgage interest on his constituency home for more than 18 months after the loan had already been paid off. This latest revelation is regarded as the [...]
Pub groups’ stocks plummet as MPs side with tenants on tie-in system May 13, 2009 SHARES in pub groups nosedived yesterday after the commons Business and Enterprise Select Committee recommended the tenant tie-in system should be referred to the Competition Commission.The tie-in model prevents pub tenants from taking beer supplies from other companies. Shares in Enterprise Inns yesterday plummeted by 26.4 per cent, while Punch Taverns stock fell by 13 [...]
Carrick strike brings United within reach May 13, 2009 SIR ALEX FERGUSON insisted he will not be taking Arsenal lightly on Saturday despite needing just one point to be crowned Premier League champions. Michael Carrick’s winner four minutes from time handed United a hard-fought victory over brave Wigan, meaning Ferguson’s men need just avoid defeat against the Gunners to clinch a record-equalling 18th itle. [...]
Trinity sheds a third of its ad revenues May 13, 2009 TRINITY Mirror said yesterday that group revenues fell 18 per cent in the first 17 weeks of the year, dragged down by ad sales falls of 30 per cent. The Daily Mirror publisher gave a cautious outlook for the full year – but said it expects the combination of cost savings, operating efficiencies and robust [...]
Trinity sheds a third of its ad revenues May 13, 2009 TRINITY Mirror said yesterday that group revenues fell 18 per cent in the first 17 weeks of the year, dragged down by ad sales falls of 30 per cent. The Daily Mirror publisher gave a cautious outlook for the full year – but said it expects the combination of cost savings, operating efficiencies and robust [...]
Trinity sheds a third of its ad revenues May 13, 2009 Trinity Mirror Group, led by chief executive Sly Bailey, gave a cautious outlook for the year but said it expects the advertising decline to ease.