Proposals over student visas face criticism June 8, 2011 The government’s proposed immigration cap came under attack last night from leading liberal think tank CentreForum, as it warned the changes could risk closure of private colleges. International students at private colleges will be unable to work part-time under the new proposals.
Investment drove 0.8pc Eurozone growth June 8, 2011 Investment was the driver for first quarter economic growth of 0.8 per cent in the Eurozone, according to the official second estimate released yesterday – up from 0.3 per cent in the final three months of last year. Household and government consumption also made significant contributions.
Japanese morale recovering from quake June 8, 2011 Japan’s service sector sentiment index rose to 36 in May, according to the government’s Eco Watchers survey – up from 28.3 in April, and continuing its recovery from March’s devastating earthquake.
German trade balance hit by low exports June 8, 2011 German exports posted their biggest drop in more than two years in April, data showed yesterday. Exports fell by 5.5 per cent from March, the biggest decline since a 6.5 per cent drop in January 2009.
Industrial production dips in Germany June 8, 2011 German industrial production dropped by 0.6 per cent in April, compared to the previous month. Production was still up by almost 10 per cent year-on-year, analysts at ING noted.
Sales rise at Smiths Group June 8, 2011 BRITISH technology firm Smiths Group has revealed strong sales and profit growth, despite a sluggish performance in its detection unit. The airport scanner maker said underlying sales were ahead of last year in the 10 months to 28 May, driven by growth in its John Crane business unit. But lower sales from its Smiths Detection [...]
Beware the politics that surround the 50p tax June 8, 2011 WHAT do Sir Richard Branson, the CBI, and pop sensation of the moment Adele have in common? They have all denounced the 50p income tax. Adele may have declared herself “Labour through and through”, but when Her Majesty’s Customs and Excise demanded she hand over half of the £16m she made from her last album, [...]
Oil and gas arm saves day June 8, 2011 SMITHS Group, the last real conglomerate in the FTSE 100, has its fingers in a lot of pies. Most observers expect the group to be split up at some point in the not too distant future, but yesterday investors will have welcomed the safety in numbers. A strong performance at the John Crane division, which [...]
Swiss Re sees rates rocket after Japan June 8, 2011 RECORD losses incurred by reinsurance firms from Japan’s earthquake in March are causing the cost of reinsuring such disasters in the country to soar, Swiss Re said yesterday. Rates on coverage of earthquake exposure in Japan – where quakes are felt on average once every five minutes – have risen up to 60 per cent [...]
Hershey eyes ex-Cadbury boss Stitzer for its board June 8, 2011 US CANDY maker Hershey has held discussions with former Cadbury head Todd Stitzer about taking a seat on its board, it is understood. Stitzer, who left the British confectioner in 2010 after it was taken over by Kraft Foods, is also being considered for the chief executive job at Hershey, though interim boss John Bilbrey [...]
