Europe factory orders surge August 24, 2010 EUROZONE industrial new orders rose more than expected during the month of June, data showed yesterday, boding well for economic growth in the third quarter of 2010. Industrial orders in the 16-nation currency zone increased 2.5 per cent month-on-month taking the annual gain to 22.6 per cent, European Union statistics office Eurostat said yesterday. Eurostat [...]
German growth spurt confirmed August 24, 2010 GERMAN GDP grew at 2.2 per cent in the second quarter of 2010, the German statistical office confirmed yesterday. This marks the best quarter of growth for Europe’s largest economy since reunification. As analysts expected, growth was mainly driven by the catching up of the construction sector after a harsh winter. However, private consumption increased [...]
Zurich UK hit by £2.3m fine for data loss August 24, 2010 CITY watchdog the FSA has slapped a £2.3m fine on the UK branch of Zurich Insurance for data security failings after the loss of a tape in South Africa containing details on 46,000 insurance customers. The FSA said the £2.275m fine was the highest to date handed down to a single firm for data security [...]
David Cameron says he is thrilled at birth of baby girl August 24, 2010 SAMANTHA Cameron, Prime Minister David Cameron’s wife, has given birth to a baby girl. Cameron’s office announced the birth, which was a few weeks earlier than expected, yesterday afternoon. A statement from Downing Street said: “Both the baby — who was born weighing 6lbs 1oz (2.7 kg) — and Mrs Cameron are doing very well.” [...]
Mystery bidder makes Chi-X approach August 24, 2010 A MYSTERY bidder has made an approach for London Stock Exchange (LSE) rival Chi-X, sending the market rumour-mill into overdrive. Chi-X released a statement admitting an enquiry has been received but would not be drawn on who the bidder was. Pan-European stock market BATS was touted as a potential suitor yesterday. The firm declined to [...]
TOP FOREX STAR TAKES TIME OUT FROM RBS August 24, 2010 A BLOW for the Royal Bank of Scotland – and, by extension, to the rest of us – as one of the most celebrated foreign exchange traders in the City hops out of the bank’s revolving door. Mark Barnes stepped up to the role of global head of forex trading at RBS last year, and [...]
Persimmon to pay dividend on sales rise August 24, 2010 HOUSEBUILDER Persimmon resumed interim dividend payments on the back of a return to pre-tax profit yesterday, while the chief executive remained confident the firm can ride out turbulence in the market. “We are 95 per cent sold up on our targets for the year, so I’m reasonably happy about our position,” said chief executive Mike [...]
CRH shares tumble on economic woes August 24, 2010 IRISH building giant CRH warned core earnings would fall 10 per cent this year as the US economic recovery falters, sending shares in the leading asphalt producer in the United States plummeting yesterday. CRH, which splits its revenue between the United States and Europe, said as recently as last month it expected earnings in its [...]
Outlook is still gloomy August 24, 2010 FOR?the most part, investors don’t like surprises. But Persimmon’s decision to reinstate its dividend at 3p, which came as something of a bolt from the blue, will be welcomed by shareholders. Although analysts were prepared for the housebuilder to swing back into the black, most thought the dividend would make a comeback at a later [...]
Champions League money soars higher August 24, 2010 CHAMPIONS League revenue has rocketed once again, ensuring the richest teams in the world continue to get even richer. Liverpool, who were humiliatingly knocked out of the tournament in the group stages this year, received €28.6m (£23.4m) in prize money and TV revenue. When they stunned the footballing world in 2005 by coming from three [...]
