Talvivaara lays off 230 workers January 16, 2013 Beleaguered Finnish miner Talvivaara said yesterday it could lay off up to 230 employees for up to 90 days from as early as today in the wake of a water leakage at one of its mines last year. Full year nickel production came in at 12,916 tonnes, a shade under guidance of 13,000 tonnes, and [...]
G4S to read British Gas meters January 16, 2013 Security firm G4S has won a meter reading contract with British Gas, worth around £150m. The seven-year contract with the energy supplier will begin in April. It will involve reading and data management of around 17m meters around the country.
Meggitt wins engine part deal January 16, 2013 Aircraft parts supplier Meggitt has snapped up a contract with Snecma to provide sensor products for engines used in Boeing 737 aircraft. The FTSE 100 firm estimated that the agreement would generate revenue of more than $300m (£188m) over the life of the engine. Meggitt’s shares closed 1.1 per cent higher yesterday at 430.3p.
City financier’s saucy thriller is made into film January 16, 2013 READERS of this page will remember last year that The Capitalist spotted ex-corporate financier and author Tony Drury flogging copies of his second novel The Deal in Leadenhall Market. The book tells the story of a financier falling in love with a woman who won’t go to bed with him unless he raises £2m for her [...]
A feathered and furry flock at St. Paul’s cathedral yesterday January 16, 2013 TRACTORS, combine harvesters, chicken, sheep and other furry animals took up residence outside St. Paul’s yesterday. City workers flocked to the cathedral at lunchtime, sandwiches in hand, to get a closer look at the animals, who seemed to be munching their way through a fair few Pret scraps themselves. Plough Wednesday takes place to remind [...]
Lenders report rise in number of home loans January 16, 2013 MORTGAGE loans ticked up in November, an influential group of lenders said yesterday, with a rise in the number of first-time buyers providing a welcome boost to the figures. The number of loans for house purchases grew by six per cent in the penultimate month of 2012, the Council of Mortgage Lenders (CML) found. Mortgages [...]
Steady inflation and positive economic data boosts US hopes January 16, 2013 AMERICAN investors were given a brief respite from the US debt ceiling row yesterday, as fresh data revealed steady inflation, high home-builder morale and a rise in industrial output. US consumer prices stayed flat in December, the Labor Department said, potentially giving the Federal Reserve scope to continue its ultra-loose monetary policies. The consumer price [...]
ONS says productivity mystery is down to zombie businesses January 16, 2013 THE PUZZLING weakness in productivity since the onset of the recession is down in part to zombie firms, the official statistics body suggested yesterday. Despite a boom in employment past pre-recession highs, GDP remains several percentage points below its peak level. This means output per worker, or productivity, has fallen This has defied usual trends, since [...]
Britain facing a struggle with Japanese style lost half-decade January 16, 2013 THE UK is well on its way to suffering a Japanese-style lost half-decade of flat or worse economic growth, according to research released yesterday. Though the service sector is back above its pre-recession high in output, catastrophic industrial and construction output mean the economy as a whole is roughly in the same place as it was four [...]
UK’s households some of the least work intensive in the EU January 16, 2013 THE UK has one of the highest rates of so-called low work intensity households out of the 27 members in the EU, data revealed yesterday. In 2011, some 11.5 per cent of people under the age of 60 lived in households where the adults were employed at only 20 per cent or less of their capacity. [...]
