Cameron: Economic threat as serious as 2008 October 5, 2011 The threat facing the global economy is as serious as in 2008, Prime Minister David Cameron said – adding that Britain’s deficit-cutting plans would pay off in the end. Speaking at the annual conference of the Conservative Party, Cameron said that Britain would not get “sucked into endless bailouts” of countries in the European single [...]
Service sector in boost October 5, 2011 The services sector unexpectedly picked up pace in September, though firms’ expectations for the next 12 months are bleak, a survey of purchasing managers showed. The Markit/CIPS services purchasing managers’ index rose to 52.9 in September from 51.1 in August, bouncing back from its biggest one-month fall in a decade and moving away from the [...]
UK economic growth revised down October 5, 2011 Britain’s economic growth in the second quarter of this year has been unexpectedly revised down to 0.1 per cent casting further doubt on the strength of its stuttering economic recovery. The Office for National Statistics said that a major recalculation of its historical data also showed that Britain’s 2008/09 recession was shorter but deeper than [...]
SuperGroup shares plunge after shock profit warning October 5, 2011 Fashion retailer SuperGroup has warned that its profits will be dented by between £6m and £9m after problems revamping a key warehouse. The company, which has the Superdry brand, said that some stock had not been hitting the shelves because of the glitch. Shares in the firm plunged by around 25 per cent after the [...]
Sainsbury’s sales edge up October 5, 2011 Sainsbury’s posted an expected rise in second-quarter underlying sales as store extensions and growth in convenience stores, online and non-food ranges helped it to overcome tough trading conditions. The group, which trails Wal-Mart’s Asda and market leader Tesco by annual sales, said on Wednesday sales at stores open over a year rose 1.9 per cent [...]
Tesco sees overseas sales offset weak UK October 5, 2011 Tesco has posted a 3.7 per cent rise in first-half profit as overseas growth helped it to overcome one of its worst ever falls in underlying sales in its main British market. Tesco, which takes more than one in every ten pounds spent in British shops, said on Wednesday it made an operating profit of [...]
TIED TO THE TRACK October 4, 2011 West Ham not allowed to ditch athletics facility for 125-year lease of London 2012 Olympic Stadium WEST HAM will not be able to scrap the running track once they have moved into the Olympic Stadium, despite concerns being raised over its effect on sight lines and atmosphere. Baroness Ford, chair of the Olympic Park Legacy [...]
Chiefs give London top marks for 2017 bid October 4, 2011 ATHLETICS chiefs gave London a glowing review yesterday after they completed their visit to evaluate the city’s bid for the 2017 world championships. Bob Hersh, senior vice-president of governing body the IAAF, led a delegation that spent three days in the capital before jetting out to rival bidders Doha. American Hersh cited the overwhelming demand [...]
Chelsea supporters harness power of Facebook in bid to stay at Bridge October 4, 2011 CHELSEA fans are taking to Facebook in an attempt to block moves that could pave the way for the club to leave Stamford Bridge. The action has been sparked by the Premier League outfit’s bid to buy back the freehold on which their home of 106 years lies. Owning all parts of the land would [...]
Campbell: You can’t change the rules just to suit Bolt October 4, 2011 FORMER Olympic sprint champion Darren Campbell believes it would be dangerous for athletics chiefs to start tinkering with the false-start rule in order to prevent a repeat of Usain Bolt’s World Championship disqualification at next year’s London Olympics. Bolt fell victim of the rule – which he supported when a change was originally proposed in [...]
