Hands on with Tesco’s £119 Hudl tablet September 23, 2013 (City A.M./Oliver Smith) Here's Tesco's new Hudl tablet, avaible from Monday in the four colours you see above. (black, blue, red and purple). Analysts had been predicting a £99 price tag, so it's a little steeper than we'd thought at £119. For those participating in Tesco's loyalty scheme – Clubcard Boost – some customers will [...]
Aberdeen Asset Management leads FTSE on strong new business numbers September 23, 2013 Aberdeen Asset Management is up over 2.4 per cent in early trading on its interim management statement, released this morning (release). The group saw gross new business of £7bn in the last two months, while assets under management continued their fall. While Aberdeen managed £212.3bn of assets on 31 March, that dropped to £209.6bn by [...]
Eurozone growth stabilises hitting June 2011 highs September 23, 2013 Eurozone data shows that services and manufacturing sectors are both still in expansion in September. Markit's composite purchasing managers' index is up from 51.5 to 52.1. Analysts had been expecting a rise to 51.9. By sector, there's a jump for services from 50.7 to 52.1 (51.1 expected) and a fall for manufacturing from 51.4 to [...]
German manufacturing and services sectors both see growth in September September 23, 2013 Analysts had been expecting an improvement in German data across both the manufacturing and service sectors, and we didn't get it. The service sector purchasing managers' index rose from 52.8 to 54.4, economists had estimated a jump to 53.1. But in manufacturing, we've seen a purchasing managers' index number of 51.3, from 51.8. That's against [...]
Irn-bru manufacturer profits dented as aborted merger costs AG Barr £4.9m September 23, 2013 With Britvic walking away from merger talks with fellow soft-drinks manufacturer in July, the Scottish firm AG Barr has had to deal with legal costs of some £4.9m relating to the failed deal (release). During the year to 26 January 2013, A.G. BARR p.l.c. and Britvic plc worked together on a proposed all-share merger which [...]
French service sector returns to growth in September September 23, 2013 Some mixed data for the French economy this morning, as the situation improves in the services sector while the pace of contraction in manufacturing increases. According to preliminary data from Markit, the service sector purchasing managers' index grew from 48.9 to 50.7 in September. That exceeds predictions of a rise to 49.3, and the break-even [...]
Film review: Rush September 20, 2013 AMID the resigned sighs of many Formula One fans throughout the world, Sebastian Vettel is currently cruising his Red Bull towards a drearily comfortable fourth straight world title. Two consecutive wins have put the relatively young German 53 points clear of Fernando Alonso, whose attitude towards his Ferrari increasingly resembles my own sentiment whenever I [...]
Eurozone consumer confidence improvement disappoints in September September 20, 2013 Eurozone consumer confidence has improved from -16 to -14.9 in September. That's a smaller improvement that the jump to -14.5 that analysts were anticipating. Christian Schulz, senior economist, Berenberg: Consumers set a moderately positive tone ahead of the series of important Eurozone sentiment indicator releases next week. The EU Commission’s consumer confidence indicator rose for [...]
US Fed’s Bullard says inflation is still on the low side September 20, 2013 The Fed's James Bullard has warned that the Federal Reserve's focus has shifted too much towards jobs and away from inflation. Bullard reminded viewers of Bloomberg that the Fed has a dual mandate, and must consider both jobs and inflation. He said that inflation is still low. The Fed's man said that labour force participation [...]
Bank of England veteran Sharma leaves for consultancy job with Alvarez & Marsal September 20, 2013 The deputy head of the Prudential Regulation Authority (PRA) and executive director at the Bank of England for Policy is departing after 20 years in regulation. Paul Sharma will now move to consulting firm Alvarez & Marsal as co-head of regulatory practice. The past twenty years as a regulator have allowed me to experience a [...]
