Manufacturing picks up in India and China January 2, 2013 INDIAN and Chinese factories dialled their activity up a notch as 2012 came to a close, but similar rises were not enjoyed across the rest of Asia. India’s manufacturing purchasing managers’ index (PMI) climbed to 54.7 in December, from 53.7 in November, Markit data revealed yesterday. As this value is further above 50, it signals [...]
Best of the Brokers January 2, 2013 DOMINO’S PIZZA Numis upgraded the takeaway pizza business to “buy” from “add” and keeps its target of 625p, believing the company is likely to generate strong growth in 2013. Numis expects to see new developments, such as a gluten free menu and higher ecommerce advertising, greater expansion with new stores in the UK and the [...]
FTSE hits highest level in 17 months as smashes through 6,000 barrier January 2, 2013 BRITAIN’S top share index raced through the 6,000 level for the first time in 17 months yesterday boosted by a last-minute budget deal in the United States and solid global PMI data. London’s blue chip index closed up 129.56 points, or 2.2 per cent at 6,027.37, bettering the average return on the first day of [...]
Fiscal cliff deal sparks a new year rally in US January 2, 2013 US stocks kicked off the new year with their best day in over a year yesterday, sparked by relief over a last-minute deal in Washington to avert the “fiscal cliff” of tax hikes and spending cuts that threatened to derail the economy’s growth. In 2013’s first trading session, the S&P 500 achieved its biggest one-day [...]
Fiscal cliff deal is no grand bargain to save the US from growing debts January 2, 2013 WHILE revellers in New York greeted 2013 with renditions of Auld Lang Syne, Washington reflected on a year of fierce partisanship and brutal campaigning. But as the country welcomed in the New Year, so too came hopes of a new era of bipartisan co-operation, after a cross-party agreement passed the House of Representatives and the [...]
London’s burgeoning skyline will complement expansion underground January 2, 2013 LONDON is emerging from recession as a beacon of hope for future British growth. It has the right mix of talents – in technology, creative industries, and finance – to establish a new benchmark for the few world cities that will dominate the next half-century. But it can also learn from past achievements to build [...]
Fiscal honesty has emerged from the US deficit debates January 2, 2013 MILLIONS of words have been written over the last few days about the US fiscal cliff. But few have regarded this long, slow and frankly tedious political process as in any way positive. I disagree. The drawn-out debate that preceded this week’s agreement is likely to be the best way for America to resolve its [...]
Is Sir Martin Sorrell right that corporation tax payments are a “question of judgement”? January 2, 2013 YES Steve Barclay As the public becomes increasingly aware of how much tax companies are paying, chief executives should be asking: “What impact will our tax affairs have on our brand?” Sir Martin Sorrell is right to acknowledge that Starbucks’s decision to pay £20m extra in corporation tax was motivated by the idea that “doing [...]
Rapid responses January 2, 2013 Groundhog year [Re: 2013 will prove the power of global events to shape our economic lives, yesterday] Mark Malloch Brown’s concerns about the Asia Pacific in 2013 are essential reading. As he correctly points out, problems in the Eurozone and the continuation of political impasse in the US have been priced into the markets. But [...]
Trained by Gandy January 2, 2013 ALONG WITH the smart phone revolution came the birth of the app. Nowadays we use them for everything from gaming and banking to music and editing photos but now, especially with the New Year in full swing, it’s all about fitness apps and UK model David Gandy is getting in on the action. Following the [...]
