Classy colt Ghurair can move John Gosden one step nearer to the title October 4, 2012 IT HAS been a season to remember for John Gosden and, although he will be devastated that Nathaniel is unable to travel to Paris for the Arc, compensation potentially awaits back at Newmarket in the £500,000 Tattersalls Millions (2.50pm). GHURAIR won what turned out to be a very hot maiden at the July meeting and, [...]
Bank of England holds interest rates and QE October 4, 2012 The Bank of England kept the bond buying programme on hold today, as the economy is showing signs of growth. At a two-day meeting, the Monetary Policy Committee made no change to its current plan to buy £50bn of UK government bonds, taking the total asset purchase programme to £375bn, by November. “Pressure for immediate [...]
UK car sales rise in September October 4, 2012 UK car sales rose by a better-than-expected 8.2 per cent in September. The Society of Motor Manufacturers and Traders association said this morning that car registrations last month increased to 359,612 from 332,476 a year earlier, exceeding expectations by more than 26,000 cars. September is a critical month for the industry, accounting for around 20 [...]
Halfords sales up on summer cycling success October 4, 2012 Car and bike retailer Halfords reported strong summer trading this morning as customers were buoyed by the success of the Tour de France and the Olympics. A strong performance in the cycling division boosted revenue. Solid performances from the car maintenance division also flattered the results. Like for like revenue at stores that have been [...]
Carillion warns revenue likely to be down October 4, 2012 Construction firm Carillion warned this morning that full-year revenue will be lower for this year than for 2011. In its interim management statement, Carillion said a restructuring of its UK construction activities in a shrinking UK market would hold back profits. The West Midlands-based construction group said it expects to deliver higher operating profit and [...]
PM is shunted off track by Branson win October 3, 2012 THE COALITION’S rail policies have been left in disarray by the collapse of the West Coast handover, after “terrible mistakes” in the bidding process were uncovered. Department for Transport officials met with erstwhile winning bidder FirstGroup and current operator Virgin Trains yesterday to make peace and ensure the intercity rail route continues to run after [...]
Nasdaq suffers fresh glitch as Kraft shares jump 30pc October 3, 2012 NASDAQ yesterday suffered another embarrassing glitch as the US stock exchange was forced to cancel trades in grocery firm Kraft Foods after its shares jumped 28.9 per cent in just one minute. Although the cause of the error has not been identified, it is thought that the most likely cause was a misfiring trading algorithm. [...]
UK services grow slowly but Eurozone contracts October 3, 2012 EUROZONE services continued to collapse in September, contracting even faster than in August, data showed yesterday, while UK service firms just managed to avoid decline. Output and business activity in the Eurozone service sector both slipped to levels indicative of faster decline, according to Markit’s purchasing managers’ index (PMI) business survey, prompting analysts to call [...]
Lessons to be learnt from government’s rail franchise fiasco October 3, 2012 THERE are several lessons to be drawn from the government’s West Coast franchising disaster. For a start, it is hard to see why any government would want to take on Sir Richard Branson and his incumbent operator, Virgin – his PR skills are so superior to anything the government can muster that the final outcome [...]
What the other papers say this morning October 3, 2012 FINANCIAL TIMES End to Russian petrodollar surplus Russia’s petrodollar surplus is poised to vanish as early as 2015 as import revenues overtake those from oil exports, according to its central bank. The forecast is the first official acknowledgment that the economic model which has characterised Vladimir Putin’s leadership – a country buttressed by oil money [...]
