Ricciardo in for Webber at Red Bull September 2, 2013 FORMULA ONE: World champions Red Bull have decided to replace Mark Webber with fellow Australian Daniel Ricciardo from sister team Toro Rosso next season. Webber is leaving Formula One to join Porsche’s new sportscar programme. Ricciardo, 24, has raced in 43 Grands Prix and will support three-time world champion Sebastian Vettel. Ricciardo said: “There’s a lot [...]
Any Other Business – 03/09 September 2, 2013 A few corks, or bottle tops, will be popping at supermarket Asda over the news that the chain’s own-brand Extra Special Golden Ale (pictured) is all the rage in Japan. The bottled drink is the second-best-selling beer over all the 368 branches of Japanese supermarket chain Seivu, according to the Grocer magazine. In fact, it [...]
Both Left and Right should fear the threat to medical research in the UK September 2, 2013 RARELY has an issue in the UK managed to unite such odd bedfellows as the Thatcherite Right and the Guardian-reading Left. But the curious case of the interim refusal of the Joint Committee on Vaccination and Immunisation (JCVI) to recommend Bexsero (the first approved vaccine for limiting Meningitis B) for inclusion in Britain’s immunisation programme [...]
Bank’s cheap credit scheme cuts costs of state-backed banks as their net lending drops September 2, 2013 The Bank of England saw 18 participants in its Funding for Lending Scheme (FLS) take a total of £2bn in the second quarter (ending 30 June 2013). Total net lending was only £1.6bn in the same quarter. Many have accused the scheme of pumping up the housing market with easy credit, a total of £17.6bn [...]
UK manufacturing output and new orders rise at fastest pace since 1994 September 2, 2013 The UK's manufacturing outlook for output and new orders has hit a 1994 high, as output and new orders expand sharply, according to new data from Markit. While analysts had expected a jump from 54.8 (revised up from 54.6) to 55.0, the survey smashed expectations, rising to 57.2. That main index a two and a [...]
Eurozone manufacturing outlook at 26 month high September 2, 2013 The Eurozone manufacturing recovery continues, as data from Markit shows the currency bloc's purchasing managers' index rising from 50.3 to 51.4. A jump to just 51.3 was expected, but growth in Germany, the Netherlands, Italy, Austria and Ireland pushed the index higher. German manufacturing data shows strongest growth in two years French manufacturing output contraction [...]
German manufacturing data shows strongest growth in two years September 2, 2013 The German manufacturing sector has seen production expand at it fastest pace since June 2011. Markit's purchasing managers' index rose from 50.7 to 51.8, while economists had forecast a rise to 52.0. Nonetheless, a July 2011 high for the sector. New orders came in at 54.5, and output at 54.8, both strong numbers (any above [...]
French manufacturing output contraction continues September 2, 2013 Fresh French manufacturing data has confirmed a flash estimate and analyst predictions – the sector is shrinking again. At 49.7, the Markit purchasing managers' index implies that the sector is contracting (any number above 50 implying expansion). Jack Kennedy, senior economist at Markit: French manufacturing output slipped back into contraction in August, but a broad [...]
Italian manufacturing at its strongest since May 2011 September 2, 2013 Italian manufacturing has come in stronger than expected, after the sector returned to growth last month. New data from Markit shows the sector purchasing managers' index rising from 50.4 to 51.3, beyond economist forecasts of a rise to 50.8. That figure is a May 2011 high, with the output index reaching 54.4, an April 2011 [...]
Spanish manufacturing returns to growth with best outlook since March 2011 September 2, 2013 Spanish manufacturing orders are much better than expected for August, with Markit's purchasing managers' index rising from 49.8 to 51.1. Any number above 50 implies expansion, and analysts had expected a jump to just 50.1. Sub indices fared slightly worse, with employment in the manufacturing sector down to 45.8, a four month low. Andrew Harker, [...]
