Great Portland lifted by scarcity of space July 5, 2012 GREAT PORTLAND ESTATES, the West End-focused property developer yesterday hailed another “excellent year” after both its net asset value and its portfolio valuation delivered strong growth, benefitting from a limited supply of office space in central London and overseas demand. Net assets per share increased by 11.9 per cent and the property portfolio delivered strong [...]
Wet weather aids Dunelm July 5, 2012 SHARES IN Dunelm Group rallied almost four per cent yesterday after the homeware retailer forecast full-year profit ahead of analysts’ expectations, as the wet spring weather lured shoppers to its stores. The company, which runs 124 Dunelm Mill stores selling kitchenware and bedding, expects a pre-tax profit of £96m, up from £83.6m a year earlier. [...]
Rain mars Jubilee sales boost July 5, 2012 UK supermarkets have suffered the weakest early summer trading period in seven years after the wet June weather kept shoppers away, new figures from Nielsen for the quarter to 23 June can reveal. Despite 12.5 per cent year-on-year growth in the week leading up to the Jubilee, sales at the UK’s biggest grocers were up [...]
CITY VIEWS | DO YOU THINK THE SHARD IS A WELCOME ADDITION TO THE LONDON SKYLINE? July 5, 2012 DAVID DOHERTY GUINNESS SOUTH It’s certainly putting London Bridge on the map because south of the Thames there are no real other markers. I think it will revitalise the area without question.” David King CBRE I think it is very positive, it is another iconic building and it improves the skyline hugely. If you own [...]
Halifax reveals a surprise June house price rise July 5, 2012 House prices rose in June bucking the overall downward trend, according to a closely-watched gauge. Halifax’s house price index shot up one per cent in June compared to May, although overall it dropped by 0.5 per cent year-on-year. However, the annual change is a much less sharp drop than the falls seen a year ago, [...]
Positive US jobs figures marred by slowdown in services growth July 5, 2012 STRONG jobs data provided a boost for the US yesterday, although separate economic figures suggested that the recovery remains bumpy. The American private sector created 176,000 jobs in June, the ADP national employment report said, comfortably beating economists’ forecasts. In May US companies also added 136,000 jobs – a figure that was revised slightly upwards, [...]
Irish state pays less than Spain in strong debt market re-entry July 5, 2012 THE IRISH government’s borrowing costs dropped below Spain’s yesterday, as the celtic nation continued its recovery from collapse and Spain continues to struggle close to the brink. Meanwhile Germany’s industrial output kept rising in May despite the weak state of its Eurozone neighbours. Despite much of the rest of the currency area being in recession, [...]
UK’s GDP dragged lower by sharp slump in net exports July 5, 2012 UK GDP was dragged down by a slump in net exports and significant running down of inventories, despite the counterweight made by growing government consumption, according to OECD research published yesterday. GDP’s fall of 0.3 per cent in the first quarter was driven mainly by contributions of -0.5 per cent from running down stocks of [...]
Fuel and tax worries drive UK motorists to favour diesel cars July 5, 2012 BRITAIN’S car industry continued to grow rapidly in June, sector data showed yesterday, with diesel vehicle registrations surging as consumers sought improved fuel efficiency. Last month saw 189,512 cars registered, up 3.5 per cent compared with the same month of 2011, according to figures from the Society of Motor Manufacturers and Traders (SMMT). The rise [...]
German economists hit back at Merkel’s banking union dreams July 5, 2012 MORE than 150 economists led by the head of Germany’s influential Ifo think-tank yesterday hit out at Europe’s plans for a banking union, as set out by Chancellor Angela Merkel last week. In an open letter to a German newspaper, Hans-Werner Sinn and other experts said forcing Europe’s biggest economy to extend its liabilities to [...]
