Strong first quarter from UK’s exporting car manufacturers April 19, 2012 THE MANUFACTURING sector has received a strong boost from carmakers, as industry figures yesterday showed the 11th consecutive month of output growth. Car output rose 0.3 per cent in March, taking growth over the first quarter to 12.3 per cent. A total of 135,456 cars were made in the month, with 79.6 per cent – [...]
US recovery stumbles on jobless jump April 19, 2012 NEW jobless benefit claims in the US were higher than expected last week, official data showed yesterday, while manufacturing activity slowed in April for the first time in five months. Initial jobless claims fell to 386,000 in the week to 14 April, from an upwardly revised 386,000 in the previous week and higher than the [...]
ECB OFFICIAL: BAILOUTS UNDERMINE REFORM April 19, 2012 CASH transfers from rich to poor countries will undermine incentives for those uncompetitive countries to reform, damaging them and the wider Eurozone in the long run, top European Central Bank (ECB) economist Peter Praet warned yesterday. Only fiscal austerity and dedication to reform can lead to prosperity, he explained.
CITY MOVES WHO’S SWITCHING JOBS April 19, 2012 Grant Thornton UK The business and financial adviser, and UK subsidiary of Grant Thornton International, has reappointed Scott Barnes as chief executive. He was first given the role in 2008 and has led the firm’s restructuring during the financial downturn. He will remain in the position through to 2015. Yorkshire Building Society The UK’s second [...]
BEST of the BROKERS April 19, 2012 CARILLION Seymour Pierce rates the construction to services company as a “buy” with a target price of 440p after a sales presentation from the company’s executive where they remained upbeat about prospects for 2012 and beyond. The broker says the pipeline of opportunity remains strong and revenue visibility for this year is high at around [...]
FTSE ends the day flat as Vodafone gains fail to make up for oil gloom April 19, 2012 BRITAIN’S blue-chip share index closed flat yesterday, as banks gave up gains after rising yields at a Spanish debt auction unnerved investors, but Vodafone outperformed on expectations it will make a bid for Cable & Wireless Worldwide. Vodafone, the world’s biggest mobile phone carrier by revenue, added five points to the index by the close, [...]
Wall St falls for second day as job fears grow April 19, 2012 US stocks fell for a second day yesterday as labour market data showed more signs of weakness, while a warning from Qualcomm and poor results from Stanley Black & Decker also discouraged investors. A late bounce cut the losses of the Dow and the S&P 500 nearly in half. Apple shares, down 3.4 per cent, [...]
Despite the Abu Qatada fiasco this was a good week for human rights April 19, 2012 DIPLOMATS have just struck an important deal at the Council of Europe conference on reforming human rights, but the implications have been overshadowed by the ongoing farce around attempts to deport the Islamist radical Abu Qatada. A further appeal lodged by Qatada’s legal team at the 11th hour now looks set to delay his removal [...]
A lesson from the age of the dinosaurs: Big isn’t beautiful in the long run April 19, 2012 Asteroids happen, and being big won’t save you. In our current world of apocalyptic economic threats, that’s a lesson that seems worth re-learning. The latest version comes in a fascinating study of the fate of the dinosaurs from the University of Zurich and the Zoological Society of London. The paper’s abstract explains that the study [...]
After City A.M. exposed Ken Livingstone for using private healthcare, is he a hypocrite? April 19, 2012 YES Priti Patel Using private healthcare is just another example of how Ken Livingstone says one thing and does another. We already know that he dubbed tax avoiders as “rich bastards”, only for it to emerge that he had been funnelling his income through a company to avoid paying income tax. And while in City [...]
