Indian GDP surges upwards November 30, 2010 INDIAN growth continues to surpass expectations, it was shown yesterday. The economy expanded by 8.9 per cent in the three months to September, compared to the same time the previous year. The boom surpassed an expected rise of 8.2 per cent, said economists. And growth for the previous quarter was also revised up to 8.9 [...]
Jobs growth in resurgent Germany as rest of Eurozone continues to flounder November 30, 2010 EMPLOYMENT in Germany has reached its highest level since reunification – yet in other Eurozone countries, employment continues to fall, official data showed yesterday. In October 40.9m people were at work in the country, as the German recovery surges forwards. The number is up 405,000 on the previous year, an increase of one per cent, [...]
US home prices down for third consecutive month November 30, 2010 AMERICAN house prices dropped to even lower depths than expected in September, it was revealed yesterday. The Standard & Poor’s/Case-Shiller house price index showed that prices fell in 18 of the 20 cities surveyed. Compared to August the index fell by 0.8 per cent, in spite of August’s rate being revised down to a 0.48 [...]
Inflation up in OECD countries November 30, 2010 Consumer prices in October were 1.9 per cent higher than the previous year in member states of the Organisation for Economic Co-operation and Development (OECD), they announced yesterday. The rate of inflation was higher than in September, when it measured 1.7 per cent higher than the previous year. The figures were largely driven up by [...]
Japan’s unemployment creeps up November 30, 2010 Japanese unemployment was up slightly in October, it was announced yesterday. Unemployment rose to five per cent, the first rise in four months. The rise was narrowly higher than expected by economists. However, there was some positive data in the results, as the job-to-applicant ratio increased. And labour cash earnings grew by 0.6 per cent, [...]
Topps Tiles is upbeat as it pays dividend November 30, 2010 BRITISH tile and wood flooring retailer Topps Tiles was yesterday upbeat on its prospects in the face of tough economic headwinds, saying its focus on customer service has paid off and it will restart its dividend. “I do not really see there being any reason why we cannot continue to take market share. But if [...]
Energy firms get chilly reception to price rises November 30, 2010 PUBLIC perception of the large energy providers has dived after November saw steep price hikes that will see households face near-record gas and electricity bills this winter, despite the fact that wholesale prices, at 1.7p a kilowatt-hour (kWh), are only half the level of 2008 when they reached 3.2p/kWh, and profits are healthy. On 12 [...]
Halma raises interim dividend and eyes acquisitions after profits jump November 30, 2010 BRITISH safety equipment group Halma posted a 29 per cent rise in first-half pre-tax profit, helped by growth across all its major geographic markets, and said it would continue to look for attractive acquisitions. Halma, which has transformed itself from a tea company to a maker of smoke detectors and automatic door sensors, raised its [...]
Greek woes hurt Remy Cointreau November 30, 2010 FRENCH drinks group Remy Cointreau took a blow from the Greek economic crisis yesterday, writing €45m (£37.7m) off the value of its Metaxa brand as sales of the Greek brandy declined in its home market. The Greek writedown wiped two thirds off Remy’s group net profit, which slumped to €14.1m (£11.83m) in the six months [...]
Exhibition organiser ITE says recovery underway November 30, 2010 EXHIBITION and conference organiser ITE said recovery was underway in its major markets, led by Moscow, after it reported a 25 per cent fall in profit for the year to the end of September, traditionally its quietest period. The company posted pre-tax profit of £31.3m, down from £41.5m, on three per cent lower revenue of [...]
