US employment falls August 6, 2010 The US Labour Department has reported that the economy has cut jobs for a second month in a row. Overall employment fell by 131,000 in July. Meanwhile private sector employment rose by less than expected with 71,000 jobs created. The unemployment rate remained at 9.5 per cent, lower than the market’s expectations of 9.6 per [...]
Spanish economy grows by 0.2 per cent August 6, 2010 The Bank of Spain has announced that the Spanish economy has grown for a second successive quarter. Growth has accelerated with a 0.2 per cent rise in GDP from the first quarter of 2009 when it rose by 0.1 per cent. The provisional figures will be confirmed by the Spanish government later in the week. [...]
Inmarsat reports £94.3m profit and places new order August 6, 2010 The British satellite telecoms company Inmarsat placed an order for three new Ka-band satellites from Boeing, after announcing higher than expected pre-tax profit of £93.4m for the first half of the year, up 56 per cent on the same period last year. The company, which is the world’s largest provider of satellite services to the [...]
Apple to open its biggest store in Covent Garden August 6, 2010 APPLE is to open its biggest ever store in Covent Garden on Saturday (August 7). The three storey historic building will have separate rooms for all Apple products and more stock than any other shop. Staff will be equipped with iPod Touches to scan purchases without a till, for the first time. There will also [...]
UK industrial output dips August 6, 2010 UK industrial output fell by 0.5 per cent in June compared the previous month, according to official figures. The Office for National Statistics said industrial output fell 0.5 per cent in June, confounding forecasts for a 0.2 percent rise, after oil and gas output fell 6.0 percent on the month, its biggest fall in just [...]
PartyGaming profit up August 6, 2010 INTERNET gambling firm PartyGaming posted a 14 per cent rise in first-half profit and said it had traded in line with internal hopes in its second-half so far. The merger deal with Austria’s bwin, announced last week, will create a $3.3bn (£2.1bn) online gaming business positioned to profit from deregulation of the lucrative United States [...]
Old Mutual profit soars after cost cutting August 6, 2010 Anglo-South African financial conglomerate Old Mutual reported a better than expected 43 per cent jump in half-year profit, helped by cost cuts, and said it had sold its US life unit for $350m (220 million pounds). Old Mutual had an IFRS operating profit of £735m in the first six months of 2010, up from 513 [...]
Tomkins boosted by takeover plan August 6, 2010 CAR parts maker Tomkins which is in the process of being acquired, posted a 229 per cent rise in first-half adjusted operating profit but warned on second-half performance. Tomkins reported adjusted operating profit of $295.5m (£185.9m) for the first six months of the year, beating the $89.8m posted in the same period last year, and [...]
RBS reports £9m profit August 6, 2010 Royal Bank of Scotland has seen profits of £9m for the first half of 2010. The bank, which is 83 per cent taxpayer-owned, was helped by improving bad debt losses as it moved from a £248m loss in the first quarter to a £257m profit between April and June. it lent £12.7bn to business in [...]
Firms: Cuts to red tape not enough August 5, 2010 THE government’s latest attempts to cut red tape for businesses were last night slammed by industry leaders, who called them unambitious and lacking in political will. The initiative, headed by Vince Cable, calls for the introduction of a “one in, one out” policy from 1 September, which means that for every new regulation Whitehall introduces, [...]
