Car sales rocket up in booming October market November 6, 2012 NEW CAR registrations defied European gloom to soar upwards in October, data showed yesterday, adding to the picture of strength in the 2012 UK market. Consumers registered some 151,252 cars in October, an automobile industry body said, up 12.1 per cent on that month in 2011. This latest rise means total sales so far in [...]
CAR TALK November 6, 2012 Jessica Ennis shows off the new Jaguar Olympian Jessica Ennis will be driving the new Jaguar F-Type at this year’s Lord Mayor’s Show on 10 November. Ennis has already driven the two-seater at Jaguar’s test track reaching a speed of 150mph. Ennis is a Jaguar Academy of Sport Ambassador and already drives an XKR. She [...]
Wall Street flat after two day storm closure October 31, 2012 THE US stock market slowly returned to life yesterday after two days in the dark, in the wake of the massive storm Sandy that caused the market’s first weather-related two-day closure since the late 19th century. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged 0.4 per cent lower in [...]
Freeze delays firms’ results October 30, 2012 DOZENS of US companies were forced to delay the release of earnings reports yesterday as the market was frozen for a second day. The likes of pharmaceutical giant Pfizer, financial news provider Thomson Reuters and power firm NRG, were all set to report either today or yesterday, but delayed until later in the week. Others [...]
NYSE expected to re-open for trading today October 30, 2012 THE US stock market was closed for a second straight day yesterday as cash equity trading was cancelled in the wake of Hurricane Sandy. Yesterday’s shutdown was the first time weather had resulted in a two-day market shutdown since the Great Blizzard of 1888. Exchanges expect to reopen today. NYSE Euronext said the New York [...]
Ford rated low for reliability October 29, 2012 Ford tumbled to nearly the bottom of an annual survey of vehicle reliability due to flaws in its touch-screen navigation and entertainment system, while Japanese automaker Toyota swept the top three spots. In a Consumer Reports survey released yesterday, Ford fell seven spots to 27th of 28 brands surveyed overall, while its upscale Lincoln brand [...]
The impact on markets of devastating job cuts October 29, 2012 CORPORATES are wielding the axe, and blood is being spilt on both sides of the Atlantic. Bloomberg data reveals that US companies have announced 158,100 layoffs this year – up 23 per cent from 2011. But the problem isn’t isolated to the US. Ford announced 1,400 UK job cuts just last week and UBS, which employs [...]
Presidential vote is focus for investors October 28, 2012 EARNINGS season may be only half over, but the focus on profits should subside this week as investors turn their attention to the coming presidential election and Friday’s jobs data – the last major economic indicator before the 6 November contest. More bellwether companies are set to report results in what will be another “peak [...]
Ford axes UK van plant to stem losses as Europe crisis weighs October 25, 2012 FORD will stop making vans in Britain next year, cutting 1,400 jobs on top of 4,300 to be axed in Belgium as part of a plan by the US car maker to stem European losses expected to exceed $1.5bn (£929.7m) this year. It is the fourth vehicle plant closure in Europe announced this year and [...]
Rapid response October 25, 2012 Better than Labour [Re: Coalition must not become complacent on economic growth, yesterday] Although the coalition should avoid complacency over economic growth, it’s also important that it trumpets the advantages of its economic policy against Labour’s alternative. Yes, austerity has not been pushed as far as it should have been. But a continued reliance on [...]