Capita Group confident as sales pipeline improves May 10, 2011 BRITISH outsourcing group Capita yesterday reported solid trading in the first four months of 2011 and said it expected a strong second-half as its outsourcing markets continued to improve. Capita, which manages TV licensing for the BBC and criminal records service for the Home Office, said yesterday it was seeing a busy sales period, particularly [...]
Balfour Beatty orders on track May 10, 2011 BALFOUR Beatty, Britain’s largest infrastructure contractor, said its order book had grown since the end of 2010 and trading so far this year was in line with its expectations. The company said yesterday its businesses had adapted well to the uncertainty in government capital expenditure in the UK and the US in the first four [...]
Rise in G4S first quarter revenue May 10, 2011 SECURITY services firm G4S yesterday posted a rise in overall revenues for the first-quarter and said it expected its organic growth to improve after recent contract wins. G4S, which provides cash transportation services, facilities management and security and protection around the world, said overall revenues grew at 4.7 per cent at constant exchange rates, with [...]
Asia boost for Deutsche Post May 10, 2011 Deutsche Post DHL yesterday posted consensus-beating quarterly earnings and affirmed its 2011 outlook as demand from Asia boosted profits at its express delivery business. Deutsche Post’s first-quarter earnings before interest and tax rose 11 per cent to €629m (£553m), beating expectations. It expects its 2011 earnings to grow to between €2.2bn and €2.4bn this year.
Confident start at Morgan Crucible May 10, 2011 British industrial materials firm Morgan Crucible said it is confident of delivering half-year results ahead of expectations as it sees a strong recovery across all its geographies. The firm, which provides carbon technology to the aerospace and space exploration industries, also said it performed better than its previous expectations in the first four months of [...]
Tepco needs compensation help May 10, 2011 The head of Tokyo Electric Power Co (Tepco) has asked the government to help shoulder the burden of compensating residents displaced by the crisis at its Fukushima Daiichi nuclear plant, a bill that is expected to run into tens of billions of dollars. Ministers met over the weekend and on Monday to finalise a scheme [...]
Hong Kong’s top regulator comes home May 10, 2011 THE City might be in the doldrums about its declining global status, but there is at least one well-respected financial expert that London has tempted back from an Asian hot spot – he just happens to be a regulator. Martin Wheatley, current chief executive of Hong Kong’s Securities and Futures Commission, will return in September [...]
Huge Chinese trade surplus provokes US May 10, 2011 CHINESE exports hit a record high in April, it was revealed yesterday, pushing its trade surplus to nearly four times the expected level. The news coincided with the third round of official talks between Chinese and US authorities in Washington DC, with the spotlight yet again on Beijing’s management of the yuan. US Treasury secretary [...]
Private sector drives greater demand for permanent jobs May 10, 2011 DEMAND for permanent staff is accelerating faster than the growth in temporary jobs, research showed today. The number of permanent roles in the UK expanded at the second fastest rate in the last six months in April, the KPMG report on jobs found. “In many areas of the private sector employers feel confident to hire [...]
Sticky unemployment in the OECD May 10, 2011 Stubborn unemployment across nation members of the Organisation for Economic Co-operation and Development (OECD) stuck at 8.2 per cent in March, the group announced yesterday. Unemployment has been falling in many OECD countries in recent months, yet rose in March in Italy and Spain. Spain has the highest unemployment rate in the OECD, at 20.7 [...]
