WHAT THE OTHER PAPERS SAY THIS MORNING February 23, 2010 FINANCIAL TIMES USAF STARTS BID TO REPLACE AGEING TANKERS The US Air Force will attempt to kick-start its long-delayed, multi-billion dollar competition to replace its ageing fleet of refuelling tankers this week with a new set of bidding rules. It promises the competition, mired in controversy for more than six years, will be “full and [...]
Inflation hits 14-month high of 3.5pc February 16, 2010 BRITAIN’S inflation rate jumped to a 14-month high of 3.5 per cent in January. The increase in the Consumer Price Index (CPI) will mean Bank of England Governor Mervyn King will have to write a letter of explanation to the Chancellor detailing why inflation has risen more than one percentage point above the 2 per [...]
Inflation hits 14-month high of 3.5pc February 16, 2010 BRITAIN’S inflation rate jumped to a 14-month high of 3.5 per cent in January. The increase in the Consumer Price Index (CPI) will mean Bank of England Governor Mervyn King, will have to write a letter of explanation to the Chancellor detailing why inflation has risen more than one percentage point above the 2 per [...]
Hawks, hares and tortoises in Scandinavia February 9, 2010 SCANDINAVIAN economies managed a soft landing during the global financial crisis. Unemployment and GDP held up strongly in Norway, and Sweden’s economy is starting to accelerate. With the Swedish central bank expected to strike a more hawkish tone when it meets later this week, now is a good time to pit the two currencies against [...]
Flight to quality in stores February 2, 2010 Intense competition among Britain’s top grocers has hit sales growth at smaller hard discounters Aldi and Lidl, while Asda has suffered most from recent severe weather, market researchers said yesterday. Kantar Worldpanel, the new name for TNS Worldpanel, said sales at Britain’s grocers rose 5.2 per cent in the 12 weeks to 24 January, helped [...]
Shop price inflation sees modest rise as retailers discount heavily February 2, 2010 DESPITE the January increase in VAT, shop price inflation rose a modest 0.2 per cent on the month as retailers offset the hike through heavy discounting and promotions, according to fresh data from the British Retail Consortium (BRC). Annual shop price inflation now stands at 2.3 per cent. Food inflation slowed for the first time [...]
This year, look out for the rise of the rupee February 2, 2010 WHO would want to be an emerging market central banker at the moment? Having stormed ahead of their Western rivals during the financial crisis, economies in Asia and Latin America are now facing the prospect of rising prices. The authorities face an unenviable task – they need to strangle inflation without derailing growth. In these [...]
BEST OF THE BROKERS January 26, 2010 MARSTON’S Numis predicts the brewing giant will report a year-on-year one per cent increase in like-for-like sales at its annual meeting on Friday and gives the shares a “buy” rating. It forecasts pub margins to be flat with falling utility and food costs and labour cost inflation offset by efficiency gains. PHILIPS S&P Equity has [...]
CITY VIEWS: HAVE YOU NOTICED THAT CONSUMER PRICE INFLATION HAS INCREASED? January 19, 2010 JONATHAN RANDLE | PTS CONSULTING “Not particularly. In my general shopping I haven’t seen any difference, though I’m quite frivolous with my money anyway. Inflation is something I expect to see going forward, when quantitative easing is reversed. I sold my car to get a cheaper one earlier this year, to save a bit of [...]
Retailers fear long hangover following Christmas splurge January 14, 2010 BRITONS defied the recession to splash out on laptops, TVs, food mixers and robotic hamsters at Christmas, but retailers fear cutbacks this year as real incomes are trimmed by taxes rise and unemployment. Analysts rushed to upgrade 2009-10 profit forecasts for firms including electricals group DSG, household goods retailer Home Retail and bicycles-to-car parts chain [...]