New World heralds oil progress September 25, 2012 New World Oil and Gas yesterday posted an increased pre-tax loss of $1.4m (£862,000) for the six months to 30 June, compared to $995,000 over the same period last year. The oil and gas exploration company has made “significant progress” at its flagship Blue Creek Project in Belize, where it has identified a prospective 329m [...]
Profits down at Mediterranean September 25, 2012 Revenue at Mediterranean Oil & Gas for the six months to 30 June jumped to €8.5m (£5.23m) from €1.5m last year, although pre-tax profit fell to €2.1m from €2.9m. The cost of sales and administration expenses were the main reasons for the decline in profit. Over the half year gas production across all assets rose [...]
Augean loses chief executive September 25, 2012 Augean Waste Management’s chief executive Paul Blackler said yesterday he plans to step down, as the group posted increased revenue over the six months to 30 June of £20m, up from £19.4m over the first half of 2011. The waste management company reported a pre-tax profit of £0.9m, from a loss of £0.1m last year. [...]
Mortgage loans hit a record low value in August September 25, 2012 MORTGAGE lending crashed to a record low in August, the British Bankers Association (BBA) said yesterday, with borrowers actually paying back more than they took out. Net lending hit negative territory for only the second time since the BBA started recording the data in 1997, the data revealed. The first negative reading was May this [...]
US consumer confidence climbs giving recovery hopes a boost September 25, 2012 US CONSUMER confidence rocketed to a seven-month high in September, the Conference Board’s index showed yesterday, while two house price indices indicate modest growth. Sentiment jetted up from August’s 61.3 to 70.3 in September, where 100 is the average result recorded in boom year 1985, while expectations soared from 71.1 last month up to 83.7. [...]
High petrol cost driving Italians away from fuel-guzzling cars September 25, 2012 IN CAR-MAD Italy, record-high petrol prices are changing the motoring habits of a lifetime and turning customers to less glamorous, more reliable vehicles, as well as other forms of transport. Prices at the pump recently broke through €2 per litre in some stations, a psychological threshold for car enthusiasts in the home of gas-guzzling sportscar [...]
Investment slumps in second quarter but remains up on 2011 September 25, 2012 INVESTMENT slumped between the first and second quarters of 2012, data from the Office for National Statistics revealed yesterday, as investors fled corporate securities. Total net investment by insurance firms, pension funds and trusts was £20.6bn in the second quarter, down from £37.6bn in the first quarter, the data showed. This reflected small increases in [...]
UK more gloomy in September September 25, 2012 Gloom about the state of the British economy deepened slightly in September, according to data released today by Ipsos Mori. Fourteen per cent of respondents said the UK economy was in good shape, down from 15 per cent last time Ipsos asked the question. This made the UK optimistic compared to Japan, France, Italy and [...]
Economy set for slow recovery September 25, 2012 The UK economy will shrink in 2012, before growing marginally in 2013, Davy Research predicted yesterday, echoing reports from other forecasters. GDP will fall 0.5 per cent for 2012 as a whole, the Irish stockbroker said, before recovering 0.8 per cent next year. Exports will grow faster than the economy as a whole, Davy predicts, [...]
Britons fail to get on their bikes September 25, 2012 UK citizens proved reluctant to get on their bikes last year, with the volume of internal migration inching down despite the lingering recession. Around 2.6m moves were completed in the year to June 2011, in England and Wales, a one per cent fall on the previous 12 months. Despite London’s relative resilience during the slump, [...]
