Travelodge in £70m gym tie-up November 11, 2012 Travelodge and Gym Group, the low cost fitness chain, today revealed £70m plans to search for 10 sites to launch together over the next five years. The pair have already partnered together at four sites including Waterloo and Wembley and said the next 10 sites will be located in London and the South East. The [...]
Correction November 11, 2012 In our edition on 9 November, we wrote a story about Polymetal but because of a confusion on our part we wrongly described it as Kazakhstan-focused and a FTSE 250 company. What we should have said was that Polymetal is Russian-focused and a member of the FTSE 100. Sorry.
Global business sentiment hits post-crisis low November 11, 2012 WORLDWIDE business sentiment has fallen to its lowest level since the height of the 2008-9 recession. A survey of more than 11,000 companies worldwide revealed optimism dropped to the lowest point since global data began being collected in October 2009. The Markit Global Business Outlook Survey that although the percentage of companies expecting their business [...]
Analysts expect statistics will show inflation rose in October November 11, 2012 INFLATION jolted back up in October, analysts predicted over the weekend, rising above the Bank of England’s target. A one-off hike in tuition fees, combined with air fare increases – typically volatile – and steadily rising food prices will drive inflation on the consumer price index (CPI) above September’s 2.2 per cent, analysts forecast. “Tuesday’s [...]
Chinese Bank boss Xiaochuan says Yuan close to equilibrium November 11, 2012 THE CHINESE currency is priced roughly the same as it would be if traded completely freely, People’s Bank of China governor Zhou Xiaochuan said yesterday, hitting back at US critics who say the country is distorting trade patterns. Though Beijing still exerts a degree of control over the currency, it told Chinese magazine Caixin that [...]
Accountant’s poll shows UK economy well below trend November 11, 2012 THE UK’s economic output is still growing much slower than its trend rate, a poll of polls from financial services firm BDO showed today. BDO’s output index rose from 91.2 in September to 92.1 in October, but this remained below the trend level of 100. The situation for optimism was similar, with a rise of [...]
Employment to rise further November 11, 2012 THE EMPLOYMENT boom in the UK is set to continue through the rest of 2012, according to data out this morning. Employment will grow steadily through the rest of the year, the Chartered Institute of Personnel and Development (CIPD) said, based on a survey of employers. Overall, employment intentions improved to plus seven in the [...]
Firms call for procurement reform November 11, 2012 Businesses today called for more urgency in public procurement reform, in a survey from the Confederation of British Industry (CBI). Just seven per cent of respondents to a survey from the CBI said public procurement was done well in the UK. And though eight out of 10 firms liked the content of the government’s reforms, [...]
Manufacturers boost training November 11, 2012 Manufacturers are boosting investment in employee skills in response to poor schooling, a survey out today revealed. Sixty per cent of firms in the sector said training spend would moderately or significantly increase in the next two years, the industry group EEF and JAM Recruitment said, in response to a perceived deficit in basic skills.
UK lacks entrepreneurial spirit November 11, 2012 Citizens of developing countries see struggling through adversity as a necessary means to achieving success, survey data suggested today. Eighty-eight per cent of Indian respondents to a Barclays poll, along with 74 per cent of Saudi Arabians polled said entrepreneurs should persist when faced with setbacks – compared to just 35 per cent of respondents [...]
