New data suggests that tomorrow will show growth doubled in the second quarter July 24, 2013 The CBI industrial trends survey for total orders has hit its highest level in seven months, up from -18 to -12, in-line with analyst forecasts. That's a seven month high. Business optimism came in at seven from five prior (eight expected). 32% of firms reported an increase in total new orders and 27% said they [...]
ISP tells customers that if they want Cameron’s censored internet they should move to North Korea July 24, 2013 Internet service provider Andrews & Arnold has told customers that if they want filtered internet – they should change providers or move to North Korea. The comments are a reaction to plans announced by Prime Minister David Cameron, who wants all internet to be filtered for adult content as default, with customers only able to [...]
Carphone Warehouse sales rise despite French decline July 24, 2013 CARPHONE Warehouse today posted a 10.6 per cent increase in first-quarter sales, despite a 15.1 per cent revenue decline in its joint venture Virgin Mobile France. The mobile retailer said that its UK division benefited from the continued shift towards high-end smartphones, which drive higher revenue per connection. Fierce competition in the French market and [...]
Hope for Eurozone as private sector order book hits 18-month high July 24, 2013 MANUFACTURING and services orders in the Eurozone expanded for the first time since January 2012, according to new data released today. The Markit Purchasing Managers’ composite index – which measures the outlook of the manufacturing and services industry – hit 50.4 in July, up from 48.7 in June. A figure above 50 denotes growth rather [...]
Summer weather warms up Kingfisher sales July 24, 2013 KINGFISHER, the home improvement retailer that owns B&Q, today unveiled a 5.2 per cent increase in sales over the quarter, helped by improved weather conditions. Sales in the UK and Ireland rose 3.6 per cent, while sales of outdoor and seasonal products rose by nearly 20 per cent, representing almost 40 per cent of total [...]
Eurozone order books start to grow for first time since January 2012 July 24, 2013 Eurozone composite purchasing manager's index (PMI) has risen above 50, implying that order books are now finally starting to grow. PMI was last this high in Janaury 2012. Analysts had forecast a rise from 48.7 to just 49.3. Manufacturing was up from 48.8 to 50.1 (49.2 expected) and services rose from 48.3 to 49.6 (48.5 [...]
EasyJet third-quarter revenues soar over 10pc July 24, 2013 EASYJET today posted a 10.5 per cent jump in third revenues to £1.1bn, attributed to increased capacity and improvement in revenue per seat. The budget airline forecast pre-tax profits for the full year to be between £450m and £480m, compared to £317m last year. “EasyJet has delivered a strong performance in the third quarter in [...]
German manufacturing and services sectors their strongest since February July 24, 2013 Following some strong figures from France, purchasing manager's index (PMI) data for Germany has come in strong, at a composite five month high for manufacturing and service sectors. Analysts had forecast a manufacturing PMI rise from 48.6 to just 49.4 – which under 50 would still imply contraction – but a strong 50.3 means that [...]
EasyJet shares are flying high as pre-tax profits are set to rise by over 40 per cent July 24, 2013 Airline easyJet has announced that it expects pre-tax profits of £450-480m this year, a rise from £317m in the last period, "assuming no further significant disruption" (release). Total revenue for the third quarter grew by 10.5% to £1,142 million, driven by a 3.6% increase in capacity and improvement in revenue per seat. … With 73% [...]
French manufacturing and services order books more promising in July July 24, 2013 In the first of a string of diffusion index releases scheduled for today, French manufacturing and service sectors both look more promising than analysts had hoped for. The Markit purchasing manager's index (PMI) for manufacturing rose from 48.4 to 49.8 (48.8 expected) and services improved from 47.2 to 48.3 (47.7 expected). As both PMIs are [...]
