Gazprom weighing new Turkey deals October 2, 2011 Russia’s Gazprom is mulling new deals in Turkey after it received notification from Turkish state pipeline company Botas that it had decided to end a contract to buy 6 billion cubic metres (bcm) of gas annually, a Gazprom source said yesterday. Botas decided to end the contract to receive gas via the so-called western line [...]
House prices to be hit by slow demand October 2, 2011 SINKING demand from a cash-strapped population is set to send house prices tumbling in the coming months, according to the latest survey from Hometrack, released today. The number of prospective house-buyers fell in August and September, while supply has outstripped demand so far this year. “Continuing economic uncertainty both at home and in the Eurozone [...]
Manufacturers call for action over regulation October 2, 2011 MANUFACTURERS will today set out a “shopping list” of important ways that the government can avoid stifling the industry with red tape. The coalition must stand up against regulations emanating from Brussels, while modifying its own plans for fresh regulations, the manufacturers group EEF is expected to say. The new Agency Workers Directive will increase [...]
Technology can increase flexibility during Games October 2, 2011 Q&A: London 2012 TIME TO GET READY Q. OUR EMPLOYEES RELY HEAVILY ON FACE-TO-FACE MEETINGS IN OUR OFFICE . HOW CAN WE MANAGE THIS WITHOUT LOSING BUSINESS? A. During the Olympic and Paralympic Games, the transport network will be much busier than normal. This will have a big impact on employees and clients, particularly when [...]
CITY MOVES | WHO’S SWITCHING JOBS October 2, 2011 Baker & McKenzie Gavin Bushell, formerly of Freshfields Bruckhaus Deringer, has been appointed as a partner in the law firm’s European & Competition Law Practice, based in Brussels. Bushell specialises in EU competition and state aid law, Euratom Treaty law, aviation law and regulation, and litigation before the European Courts in Luxembourg. He was recently [...]
BEST OF THE BROKERS October 2, 2011 HENNES & MAURITZ JP Morgan Cazenove rates the Swedish clothing retailer as “underweight” with a target price of Skr195.80 (£18.29), issuing an alert as it sees gross margin risks accelerate. The broker says H&M has entered the fourth quarter with very high inventories, with like-for-like sales deteriorating in the first month. With the implication that [...]
Fourth quarter set for an inauspicious beginning October 2, 2011 EUROPEAN stocks have just suffered their worst quarter in nine years, but anyone thinking that this might present us with an opportunity of restored calm to repair portfolios, or that some bargain-hunters would be tempted in to the market will be disappointed; the fourth quarter is expected to open with another day of dramatic falls. [...]
WALL STREET WEEK AHEAD October 2, 2011 INVESTORS are worried US earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support. The Eurozone’s debt crisis and weakness in China have fuelled investor concern that the global economy could tip back into recession, possibly dampening US earnings growth at a [...]
Why it is now the time to set out strict fiscal rules to stop over-spending for ever October 2, 2011 IN HIS speech at the Labour party conference last week shadow chancellor Ed Balls made an interesting suggestion. He argued that Britain should introduce a new set of fiscal rules to be independently monitored by the Office for Budgetary Responsibility (OBR). We should not reject the idea just because of the messenger. FISCAL RULES The [...]
Tories bereft of ideas when they need them most October 2, 2011 WHAT a difference a year makes. At the 2010 Tory conference, the party faithful were walking around in a blissful daze, barely able to contain their glee at being back in power after 13 years in the wilderness. The Office for Budget Responsibility, recently created by chancellor George Osborne, was forecasting economic growth of 2.6 [...]
