Durable goods orders on the rise November 23, 2011 New orders for a range of long-lasting US manufactured goods unexpectedly rose in October, but sharp downward revisions to the prior month’s data and weak spending plans by businesses suggested manufacturing was taking a breather. Durable goods orders excluding transportation rose 0.7 per cent last month, the Commerce Department said.
House prices to lift next year November 23, 2011 A shortage of housing in the UK and another potential round of quantitative easing will see house prices rise by 1.6 per cent next year, the Centre for Economic and Business Research expects.
MENSCH HITS THE HIGH STREET TO PRESENT AT HOT WOMEN CEREMONY November 23, 2011 WAS Miriam González Durántez too busy preparing for her move to US law firm Dechert to attend the Red’s Hot Women Awards yesterday? No – the wife of the deputy Prime Minister had an appointment with her children’s nursery that couldn’t be moved. And since these are the awards that celebrate the achievements of working [...]
CITY MOVES | WHO’S SWITCHING JOBS November 23, 2011 Intandem Films The London-based international film group has appointed Robert Mitchell as a non-executive director and as a member of the company’s film financing committee. Mitchell previously worked at Walt Disney, where he set up the distribution company Buena Vista in 1992 and rose to the position of managing director of Walt Disney UK. Prior [...]
BEST OF THE BROKERS November 23, 2011 FULLER, SMITH & TURNER Numis rates the pub group “add” with a target price of 775p, up from 725p to reflect its enlarged managed pub acquisition scheme. The broker thinks Fuller will report a three per cent rise in pre-tax profits when it reports tomorrow, and believes the firm is well-placed to continue its outperformance. Numis [...]
FTSE hits a seven-week low as corporates suffer November 23, 2011 BRITAIN’S top share index fell yesterday, after downbeat data from China, Europe and the United States darkened the outlook for global growth and corporate earnings. London’s blue-chip index closed at its lowest level since 6 October, falling 67.04 points, or 1.3 per cent, to 5,139.76. The index has now fallen 7.3 per cent in November [...]
US slump worsens November 23, 2011 US stocks suffered a sixth straight day of losses yesterday as frustration over the Eurozone’s debt crisis, coupled with weak Chinese factory data, further dented investor sentiment. A weak German bond sale sparked fears the debt crisis was even beginning to threaten Berlin, with the leaders of France and Germany still at odds over a [...]
Regulations sprouting from Brussels will damage the UK’s corporate governance November 23, 2011 In recent days, the implications of the EU regulatory reform agenda for the City of London have been widely reported. However, the financial sector is not the only area of vulnerability to future EU directives. Of wider concern is the growing risk that the UK’s distinctive model of corporate governance – underpinned by “comply or [...]
Democracy is in: Here comes the activist investor November 23, 2011 SOME of this year’s biggest news stories, such as the Arab Spring and the Occupy movements in London and New York, have a common underlying narrative. “The many” are unhappy about the actions of “the few”. Democracy is in vogue. A similar narrative is emerging from some of the biggest business stories of the year. [...]
If I were Osborne, I’d scrap the 50p tax now November 23, 2011 SO WHAT would you do if you were chancellor? Cut red tape, scrap taxes, subsidise industries or build toll roads? The real chancellor is being flooded with suggestions about how to get the economy moving again, with almost no idea being left unproposed. Each day the pages of the papers are packed with stories about [...]
