Profits per partner soar at Travers July 16, 2012 LAW firm Travers Smith said yesterday its profits per equity partner (PEP) grew by a huge 24 per cent in 2011-12, as revenues jumped by 16 per cent. Turnover at the firm was £83.8m, up from £72m in the previous 12 months, helping net profit increase by a quarter. PEP for the year hit £804,000, its [...]
STANHOPE SNAPS UP BBC TELEVISION CENTRE July 16, 2012 THE BBC has sold its Television Centre complex in the White City area of London to developer Stanhope for about £200m. The BBC put the 14-acre site on the market in June 2011 and exchanged contracts with Stanhope at the weekend, it said yesterday. Stanhope, reportedly backed by Japanese property company Mitsui Fudosan, has not [...]
Tata vehicle sales rise six per cent July 16, 2012 Tata Motors global vehicle sales rose six per cent in June from a year earlier, the Indian company said yesterday, mainly helped by a 39 per cent rise in sales of its luxury Jaguar Land Rover vehicles. Tata Motors, part of the salt-to-steel Tata Group conglomerate, sold 94,055 vehicles in June. The firm sold 28,215 [...]
H&M figures buck retail gloom July 16, 2012 Hennes & Mauritz, the world’s second-largest clothing retailer, grew annual sales at established stores in June. The Swedish budget fashion firm said yesterday sales growth at stores open a year or more was steady in the month – the first of its fiscal third quarter – at three per cent in local currencies. Total sales [...]
Profits fall at recruiter SThree July 16, 2012 White-collar recruiter SThree said yesterday its profits before tax fell 16.9 per cent to £9.3m in the half year ended 27 May, on revenues that grew by nine per cent to £278.4m. The firm blamed high property costs and an increase in new sales heads for the fall in profits, but also said it planned [...]
Long squeeze on pay eases as inflation slides July 16, 2012 HOUSEHOLDS’ spending power increased in June – the first rise in a year – as the long squeeze on incomes at last begins to ease, according to a Lloyds report out today. Spending power in June was 0.7 per cent higher than in the same month of 2011, the bank revealed, as income growth outstripped inflation [...]
Eurozone recovery hopes raised by healthy export growth spurt July 16, 2012 EUROZONE exports rose in May, according to official data out yesterday, which could substantially reduce the depth of the recession. Meanwhile Eurostat figures also showed inflation slowly falling in line with economists’ expectations, continuing the downward trend which led the European Central Bank to cut rates further at the start of this month. Goods exports [...]
Small firms stay in business as bigger enterprises get battered July 16, 2012 INSOLVENCY among small firms slid last month, as the number of bigger firms going out of business climbed, according to research released today by information services firm Experian. Firms with between one and 100 employees saw their rate of insolvency slump from 0.19 per cent in June last year to 0.12 per cent this June. [...]
Economists urge UK to work smarter July 16, 2012 WORKING smarter would boost the UK economy by up to £52bn, adding 455,000 jobs, according to a study released this morning by the Centre for Economics and Business Research (CEBR). The UK has room for improvement when it comes to good management practices, the report reveals, with public sector industries particularly culpable. In a ranking [...]
CENSUS 2011 REVEALS GROWING, AGEING POPULATION July 16, 2012 LONDON’S population grew at a far faster rate than in any other part of England or Wales across the most recent decade measured by the Census, the Office for National Statistics revealed yesterday. In the capital the population expanded by 12 per cent, compared to an average of seven per cent across all of England [...]
