House prices up on high volume of transactions December 13, 2012 HOUSE PRICES managed to creep up in November, after the month saw uncharacteristically high activity. Prices were up 0.2 per cent on the month, according to data from LSL Property Services and Acadametrics, on the back of a five per cent rise in the number of transactions compared to last November. This put prices up 3.3 per [...]
Olympic and Paralympic Games fail to boost UK visitor numbers December 13, 2012 VISITS to the UK crept lower in 2012, despite London hosting the Olympic and Paralympic Games. A total of 26.2m visits have been made to the UK in the first ten months of 2012, according to figures released by the Office for National Statistics yesterday. This is one per cent below the level in 2011, [...]
US new unemployment claims enjoy second December drop December 13, 2012 NEW CLAIMS for unemployment insurance fell back again in the first full week of December. Seasonally adjusted initial claims dropped 29,000 to reach 343,000 in the week ending 8 December, the Department of Labor said yesterday. This reflected a bigger than seasonally usual fall in the underlying claims, bringing them from 500,931 last week to 428,814 [...]
UK individual consumption falls to fourth in the European Union December 13, 2012 UK INDIVIDUAL consumption slid to fourth in the EU in 2011, falling behind Austria and Germany. British individuals were still able to exercise 18 per cent more purchasing power in their consumption than the EU average, Eurostat revealed yesterday, but this placed them fourth. In 2010 their consumption was a fifth above average, putting them in second, [...]
Drop in factory orders now less severe than long run average December 13, 2012 ORDERS on manufacturers’ books have begun to show improved signs of life this month, according to a survey out yesterday. A net balance of 12 percentage points more firms told the Confederation of British Industry (CBI) their order books were below normal in December, than those that said their books were more full than normal. But [...]
London gives birth to new firms December 13, 2012 London is the new mother of business, according to data released yesterday, with a business birth rate of 14.5 per cent, the highest in the UK. The Office for National Statistics said yesterday that nearly 13,000 new companies opened in London between 2010 and 2011. Overall, the UK saw a business births increase by 26,000, [...]
Small firms will drive recovery December 13, 2012 Three hundred thousand new small firms are needed to restore the UK economy to its former heights, said a study out yesterday. Smaller firms are currently contributing 52 per cent of the private sector output in the economy, the Centre for Economics and Business Research said yesterday. And while the number of large companies fell [...]
Greek jobs crisis worsens further December 13, 2012 Greek unemployment continued to rise in the third quarter, the Hellenic Statistical Authority said yesterday. The number unemployed jumped 5.3 per cent between the second and third quarters of 2012, it said, putting the total number of jobless up 40.2 per cent in just a year. Women under the age of 24 are finding it [...]
Iata says airline profits will be higher in 2013 December 13, 2012 GLOBAL airlines yesterday revised upwards widely-watched industry profit forecasts for 2012 and 2013, but said that carriers remain vulnerable to risks including the Eurozone crisis and the threat of a US fiscal cliff. The International Air Transport Association (Iata), which represents 240 carriers, said that airlines were set to make a collective profit of $6.7bn [...]
Wood Group drops in spite of an upbeat trading statement December 13, 2012 OIL AND gas services firm John Wood Group said yesterday that it expects to deliver “good growth” for the year in line with expectations, despite a subdued downstream market outlook. The FTSE 100 firm said in a pre-closing trading statement yesterday that Wood Group PSN was boosted by strong performance in the North Sea and [...]
