BAA cautious as traffic jumps but freight stalls October 11, 2011 AIRPORT owner BAA’s passenger traffic rose one per cent in September compared to last year, the firm said yesterday. But a 3.7 per cent drop in freight tonnage carried through its airports meant the firm is cautious about its growth prospects in the medium term. At Heathrow, the number of passengers on domestic flights tumbled [...]
Fresh investment for UK industry October 11, 2011 An investment of more than £170m aimed at boosting the UK’s industrial and manufacturing sectors was unveiled by the government yesterday. Business secretary Vince Cable said £140m will be spent on bringing together seven research facilities over six years, with the rest being spent on funding new products using biosciences, nanotechnology and low-carbon vehicles.
Zambeef will meet full year target October 11, 2011 Agricultural firm Zambeef has said it expects to meet market expectations in its first full year results since listing on AIM. The firm said trading conditions over the financial year had continued to improve, with demand for all product lines increasing. This had been driven largely by the continued expansion of the Zambian economy, which [...]
Rolls-Royce wins US Navy contract October 11, 2011 Rolls-Royce, the global power systems company, has been awarded a $99.9m MissionCare contract by the US Department of Defense Naval Air Systems Command at Patuxent River to provide support for the F405 (Adour) engines that power the US Navy’s T-45 training aircraft.
Chamberlin on track for 2011 October 11, 2011 Castings and engineering group Chamberlin said trading in the first half of the financial year has been in line with management forecasts. The group, which makes metal products such as door handles and steering wheel components, said order flow across core foundry activities was on track, and demand has continued to strengthen.
UK factories’ production drops again October 11, 2011 MANUFACTURING output fell for the third consecutive month in August, figures released yesterday by the Office for National Statistics (ONS) showed. The decline of 0.3 per cent was steeper than the falls of 0.1 per cent and 0.2 per cent seen in June and July respectively. August’s output was just 1.5 per cent higher than [...]
Cheap loans aid house prices October 11, 2011 HOUSE prices increased in August compared with July, but are still down on levels seen 12 months ago, according to figures out yesterday from the Department for Communities and Local Government (DCLG). Meanwhile, statistics from the Council of Mortgage Lenders (CML), also out yesterday, showed homeowners taking advantage of low interest rates as remortgage levels [...]
Cut 50p tax rate to stop brain drain and boost economy, warns think-tank October 11, 2011 HIGHLY skilled workers are being driven away by the UK’s high income taxes, research released today from the Adam Smith Institute (ASI) warns. The UK suffers from the highest emigration levels in the OECD, accounting for almost 20 per cent of emigration in the 34-strong group of developed nations. The ASI believes this is damaging [...]
Stimulus sees pension deficits soar October 11, 2011 PENSION deficits soared in the run up to the Bank of England’s latest programme of quantitative easing (QE2), data revealed yesterday. Aggregate deficits jumped to £196.4bn at the end of lat month, up from £117.5bn at the end of August — according to over 6,500 schemes measured by the Pension Protection Fund (PPF). Over 80 [...]
GDP is stuck below 2008 peak as stagnation looms October 11, 2011 BRITAIN is avoiding another recession despite its GDP remaining stuck below the pre-crash peak, an economic think tank has said. The UK is not in a recession because the economy is still growing slowly, the National Institute for Economic and Social Research (NIESR) said yesterday. The economy expanded by a lowly 0.5 per cent over [...]
