EPISODE 60 – RETURN OF SUNDAY LUNCH July 2, 2012 We’ve reinstituted Sunday lunch chez Cashman. My parents sit at one end of the table and Emma’s at the other. Emma and I are scheduled to sit between our respective in-laws but would both prefer not to do so. Maria and Noel sit mid-table, opposite one another. They are intended to operate as buffer states [...]
Cameron to launch parliamentary inquiry into banks scandal July 2, 2012 Prime Minister David Cameron says will establish full parliamentary inquiry into bank rate-fixing scandal. “I want us to establish a full parliamentary committee of inquiry involving both houses,” Prime Minister David Cameron told parliament, stopping short of giving further details on its full remit. “This committee will be able to take evidence under oath, it [...]
Eurozone unemployment rises July 2, 2012 The jobless total in the eurozone reached 11.1 per cent in May, marking the highest level since records began in 1995, official figures have shown. A total of 17.56m people are now unemployed, according to EU statistics body Eurostat. Spain, where one in four people is now out of work, suffered the highest unemployment rate. [...]
FTSE up as UK manufacturing decline slows July 2, 2012 The FTSE 100 edged up this morning as new data showed that the decline in UK manufacturing slowed in June. The manufacturing PMI – a respected survey of the sector – stood at at 48.6, up from 45.9 in May and well ahead of the consensus forecast of 46.5. New orders also rose strongly to [...]
UK manufacturing decline slows July 2, 2012 The decline in UK manufacturing slowed in June, figures out today have shown. The manufacturing PMI – a respected survey of the sector – stood at at 48.6, up from 45.9 in May and well ahead of the consensus forecast of 46.5. New orders also rose strongly to stand at 47.0 versus 42.0 in May.
Spain manufacturing decline accelerates July 2, 2012 Spain’s manufacturing activity contracted at its fastest rate in over three years in June as output fell again in the face of weak internal demand and sliding exports, a survey showed. The Purchasing Managers’ Index for the manufacturing sector fell to 41.1 in June, from 42.0 in May, below economists’ forecasts for it to be [...]
Export slump hits Asia factories July 2, 2012 A factory slump in Asia’s two biggest exporters China and Japan deepened in June as crumbling orders from abroad dragged activity to seven-month lows, heightening worries that the health of the global economy is deteriorating. PMI reports on major exporters South Korea and Taiwan also indicated new orders from overseas were falling. The manufacturing sectors [...]
Apple pays out $60m to settle iPad trademark dispute July 2, 2012 Royal Mail has increased annual profits and said that its core postal business is also back in the black for the first time in four years. The delivery service made a profit of £23m on revenues of £7.2bn, up from a loss of £120m last year. The business, which delivers to 29m UK addresses, says [...]
Barclays chairman quits in Libor shame July 1, 2012 Barclays’ chairman Marcus Agius will resign this morning as the embattled bank struggles to contain a growing crisis that began with last week’s £290m fine for abusing the Libor interest rate. The departure of Agius comes after Barclays’ shareholders, politicians and regulators have all expressed shock at the circumstances behind last week’s settlement, which has [...]
Eurozone summit fails to solve growing debt crisis July 1, 2012 EUROZONE leaders made only a few small steps towards easing the pain caused by the sovereign debt crisis, and remain far away from targeting the root causes of the currency area’s problems, economists have warned. Politicians agreed last week to make plans for a “single supervisory mechanism” for Eurozone banks, probably run by the European [...]
