ISP tells customers that if they want Cameron’s censored internet they should move to North Korea July 24, 2013 Internet service provider Andrews & Arnold has told customers that if they want filtered internet – they should change providers or move to North Korea. The comments are a reaction to plans announced by Prime Minister David Cameron, who wants all internet to be filtered for adult content as default, with customers only able to [...]
Eurozone order books start to grow for first time since January 2012 July 24, 2013 Eurozone composite purchasing manager's index (PMI) has risen above 50, implying that order books are now finally starting to grow. PMI was last this high in Janaury 2012. Analysts had forecast a rise from 48.7 to just 49.3. Manufacturing was up from 48.8 to 50.1 (49.2 expected) and services rose from 48.3 to 49.6 (48.5 [...]
German manufacturing and services sectors their strongest since February July 24, 2013 Following some strong figures from France, purchasing manager's index (PMI) data for Germany has come in strong, at a composite five month high for manufacturing and service sectors. Analysts had forecast a manufacturing PMI rise from 48.6 to just 49.4 – which under 50 would still imply contraction – but a strong 50.3 means that [...]
EasyJet shares are flying high as pre-tax profits are set to rise by over 40 per cent July 24, 2013 Airline easyJet has announced that it expects pre-tax profits of £450-480m this year, a rise from £317m in the last period, "assuming no further significant disruption" (release). Total revenue for the third quarter grew by 10.5% to £1,142 million, driven by a 3.6% increase in capacity and improvement in revenue per seat. … With 73% [...]
French manufacturing and services order books more promising in July July 24, 2013 In the first of a string of diffusion index releases scheduled for today, French manufacturing and service sectors both look more promising than analysts had hoped for. The Markit purchasing manager's index (PMI) for manufacturing rose from 48.4 to 49.8 (48.8 expected) and services improved from 47.2 to 48.3 (47.7 expected). As both PMIs are [...]
Before the open – 24/07 July 24, 2013 We're expecting a muted start to European markets after China saw some grim manufacturing data overnight. HSBC's manufacturing PMI saw 11-month lows, at just 47.7, implying that the contraction in the sector is accelerating. $FTSE flat on open despite weaker Chinese Manufacturing Data. UK – ARM 2Q rev sales in line. $BLND IMS, $KGF lfl [...]
Chipmaker ARM sees revenues up by over a quarter July 24, 2013 Cambridge-based processor designer ARM holdings has seen profit before tax fall to £15m in the second quarter ended 30 June (release). That's a fall from £54.8m in the same period last year. Revenue was up 26 per cent to £171.2m from the second quarter of 2012, as the firm's dominance in the smartphone market saw [...]
Wetherspoons expects better outcome for the year as sales rise in second quarter July 24, 2013 Pub chain Wetherspoons has seen total sales rise by 6.2 per cent in the 11 weeks to 14 July, with like-for-like sales up 3.5 per cent (release). The firm has opened 29 firms since the start of the financial year, and sold three, with plans to open around 30 in the next financial year. The [...]
Any Other Business – 24/07 July 23, 2013 The Capitalist asked yesterday, who were the fastest grinders in all the Square Mile. And the answer – out of the 100 City sailing fans who headed to One New Change yesterday to take part – is Smith & Williamson wealth manager Rebecca Shepherd, WSM consultant Louise Nash, engineer Scott Miller and Aberdeen Asset Management [...]
Eurozone consumer confidence picks up to hit 23-month high in July July 23, 2013 Eurozone consumer confidence has improved slightly in July, rising from -18.8 to -17.4, a 23-month high. Analysts had forecast an improvement to -18.3, but this beat remains markedly lower than a long-term 1990-2013 average of -13.2. Howard Archer, chief UK & European economist, IHS Global Insight: It is notable that in the European Commission’s full [...]
