UK car manufacturers bounce back after slump in September November 15, 2012 CARMAKERS bounced back in October, with the number of vehicles rolling off production lines rising by 6.4 per cent during the month. Britain produced 148,927 cars and commercial vehicles last month, a strong rise to help reverse a blip in September when output fell seven per cent, according to figures from the Society of Motor [...]
Should quotas be imposed to appoint women to boards? November 15, 2012 JULIAN TAVORA CGD No, I don’t believe they should be. As a matter of principle I think board members should be decided based on their merit and skill. SIMONE SKEATES FIDELITY WORLDWIDE INVESTMENTS It’s a tricky question. You want to see women all the way at the top but ideally they need to earn the [...]
Sandy hurts both employment and manufacturing in the US November 15, 2012 SUPERSTORM Sandy drove a surge in new claims for US jobless benefits last week and hit factory activity in November, providing early signs of how heavily the storm could hit the world’s largest economy in the fourth quarter. Initial claims for state unemployment benefits rose 78,000 to a seasonally adjusted 439,000, the highest level since [...]
Retailers slam tax on crockery from China November 15, 2012 AN EU tax on imports of Chinese crockery has been condemned by retailers as pointless and harmful to the poor. The European Commission yesterday announced the tax in response to claims by an anonymous EU manufacturer that Chinese producers are pushing their products onto the European market at artificially low prices. The taxes will add [...]
John Cridland wants to get UK building again November 15, 2012 JOHN Cridland is one of the few people who could get excited by the prospect of working next to a building site for six years. The view from his office window in London’s Centrepoint building is currently a mess of cement mixers, trucks and cranes as the Crossrail construction crews set about transforming Tottenham Court [...]
World gold demand slides on slowdown in Chinese economy November 15, 2012 GLOBAL gold demand dropped 11 per cent in the three months to September from record levels seen in the same period last year, dampened mainly by fading Chinese fervour as its economy slowed, with stronger Indian demand stemming a larger fall, the World Gold Council said yesterday. Chinese gold consumption fell eight per cent in [...]
Viacom profits up despite lack of blockbuster November 15, 2012 THE OWNER of MTV and Paramount, Viacom, yesterday said that it had defied slipping box office revenues and lower ratings at its TV networks to reach a $643m (£405m) profit in the third quarter of the year. This 12 per cent year-on-year rise came despite revenues falling 17 per cent to $3.4bn. The firm’s cost-cutting [...]
Executive Offices sign lease on Atlas House November 15, 2012 EXECUTIVE Offices Group, the upmarket office space provider, has signed a deal to take up four floors of Atlas House in the City, which it plans to revamp and run as offices. The group, which was acquired by Morgan Stanley’s real estate fund in 2005 for £220m, has signed a 15-year lease on the 19th [...]
Who’s switching jobs November 15, 2012 Maurice Turnor Gardner The law firm has announced the appointment Sarah Conway as partner in its residential property practice, effective January 2013. She joins from Allen & Overy, where she has worked since 1998. Conway has also held the partnership at Carruthers & Co, and focuses on residential property transactions for high net worth clients. [...]
Best of the Brokers November 15, 2012 ICAP Canaccord maintains its “hold” rating for the voice and electronics dealer, decreasing its target 10 per cent to 300p. The broker expects growth to remain stagnant for the rest of the financial year. MONEY SUPERMARKET UBS has a “buy” rating on the price comparison site and has raised its target from 160p to 170p, [...]
