France cuts growth forecast at emergency summit

first_img Show Comments ▼ France cuts growth forecast at emergency summit Friday 20 August 2010 9:27 am FRANCE has cut its forecast for economic growth next year after an emergency meeting between the president and senior finance ministers.It now thinks the economy will grow by two per cent next year.The previous forecast was 2.5 per cent.This year it will 1.4 per cent, the government said.President Nicolas Sarkozy ordered ministers to interrupt their summer holidays to discuss how France is going to cut its deficit.They met at his official retreat, Fort de Bregancon, amid fears that in the long term the country facedthe possibility of having its AAA credit rating downgraded by ratungs agency Moody’s.The president said that the reduction of the government deficit in 2011 was a priority.Public expenditure would be reduced, the president said. He also repeated his pledge not to increase VAT, income tax or tax on companies.But he also said 10 billion euros of tax breaks would be abolished in the autumn. whatsapp Sharecenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo John Dunne Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

Tullow slides on Ugandan project delay

first_img OIL explorer Tullow faced tough questions over its plans in Uganda yesterday, as shares dipped despite a 152 per cent increase in pre-tax profit in the last six months. Its $10bn (£6.6bn) project on oil fields once owned by Heritage stalled in January, after the Ugandan government disputed Heritage’s capital gains tax payments on the sale. Exploration director Angus McCoss told City A.M. yesterday: “It’s a very short-term situation and we want to make sure that we set the industry off on the right foot in Uganda.”McCoss added: “I think these things are characteristics of a new entrant to the oil industry. We encounter similar problems in other places; it’s the reality of being a frontier explorer.”Tullow, which is led by Aidan Heavey, saw its stock closed down 4.6 per cent at £12.38 after the results announcement raised concerns. “When you get beyond the headline figures you find significant problems in Uganda,” said Doug Youngson, oil analyst at Arbuthnot. “It’s misleading for the company to say this will be resolved in weeks, since it’s been going on for months. And the longer this goes on, the colder the deal gets for its partners Total and CNOOC.” Pre-tax profit more than doubled to $131m (£84.8m) in the six months to 30 June. Wednesday 25 August 2010 8:59 pm Share whatsapp Tags: NULL whatsapp Tullow slides on Ugandan project delay center_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmlast_img read more

TfL: We’ll move Londoners

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo TfL: We’ll move Londoners whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Thursday 30 September 2010 11:13 pm Sharecenter_img whatsapp Tags: NULL TRANSPORT for London (TfL) has vowed to keep as many services operating on Sunday and Monday as possible as London Underground (LU) workers stage their latest strike.If the 24-hour stoppage by LU workers goes ahead on Sunday evening at 7.00pm, the TfL said it will provide one hundred extra buses, marshalled taxis and increased passenger capacity along the Thames. TfL shot down claims made by unions RMT and the Transport Salaried Staffs’ Association (TSSA), which represent the striking workers, that last month’s action paralysed London. LU carried over a million people during the 24-hour period.“As we saw in the last strike, the belligerent actions of the union leaderships will not bring London to a halt,” said Mayor Boris Johnson.RMT and TSSA union members are protesting over plans to cut 800 jobs and close ticket offices. Show Comments ▼ last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img Share KCS-content Show Comments ▼ WHAT THE OTHER PAPERS SAY THIS MORNING whatsapp FINANCIAL TIMESQATAR KEEN TO BID FOR CHRISTIE’S AUCTION HOUSEQatar is eyeing Christie’s, the auction house, as part of its plans to establish itself as a leading cultural destination in the Gulf. Although Christie’s has yet to receive a formal approach, Qatar’s emir, Hamad bin Khalifa al-Thani, told the Financial Times in an interview that he would be interested in bidding for the auction house. WESTFIELD TO SELL STAKE IN OLYMPIC MALLThe £1.5bn Westfield shopping centre that forms the gateway to the 2012 Olympic Games will be part sold to a new fund backed by some of the world’s largest property investors being set up by Henderson Global Investors. Westfield, the listed Australian retail developer, is in advanced talks to sell a stake of as much as £750m to Henderson, which is expected to create a fund structure open to a group of major clients. BUBBLE FEAR AS RARE EARTHS SOARFears about Chinese supplies of vital rare earth elements have sent the shares of small mining companies soaring, a surge that executives and analysts warn is turning into a bubble. China, responsible for about 97 per cent of global rare earth production, has cut exports of the minerals used in high-tech goods from PCs to electric cars, driving up prices of the commodities.CO-OP EYES LIFE ASSURANCE ARM SALE The Co-operative Group is considering the sale of its life assurance business which controls assets of £18bn as part of a strategic review within its financial services group following the merger with Britannia Building Society in 2009. The group appointed Deutsche Bank earlier this year to conduct a review of the business.THE TIMESNEARLY 1M ACRES OF FORESTRY COMMISSION WOODS TO BE SOLDAbout half the 1.85m acres of publicly owned forest overseen by the Forestry Commission will be sold, Caroline Spelman, the Environment Secretary, is expected to announce. The move could lead to more commercial exploitation, with the development of holiday villages and golf courses.UNION FIREBRAND APOLOGISES TO MILIBAND FOR OUTBURSTThe hardline, would-be leader of Britain’s most powerful trade union has apologised to Ed Miliband for heckling him at last month’s party conference. But while Len McCluskey has expressed regret at shouting “rubbish” at the new Labour leader, he has also warned Mr Miliband that he should not inflame trades unionists by talking of “irresponsible strikes.”The Daily TelegraphCENTRICA TO SHELVE GAS STORAGE PLANS UNLESS GOVERNMENT HELPS Centrica has effectively shelved its £1.5bn plan to build two gas storage facilities in the North Sea and Irish Sea unless the Government finds a way to subsidise the proposal. The energy company would have increased Britain’s storage capacity by a third. SCHOOLS IN BETTER-OFF AREAS WILL LOSE CASH TO AID POORSchools in middle-class areas will have their funding cut to pay for the Liberal Democrat policy of helping children from low-income families, the Government has admitted. Four months after David Cameron promised that no families would suffer to meet the cost of the £2.5bn pupil premium, Michael Gove, the education secretary, conceded that the plan meant some schools “will have less”.THE WALL STREET JOURNALEUROPEOMV TO ACQUIRE STAKE IN TURKEY’S PETROL OFISIAustrian gas and oil company OMV said it would acquire a majority stake in Turkish fuel and oil products retailer Petrol Ofisi AS, in a €1bn transaction aimed at making Turkey a third hub for OMV’s operations. OMV, which previously owned 41.58 per cent of Petrol Ofisi, increased its share to 95.75per cent by buying the stake from Dogan Holding.ITALIAN COURT RULES AGAINST UNICREDITIn the latest judicial ruling related to up to €100bn of Italian public debt liabilities, an Italian court annulled a set of derivative contracts between Unicredit and the town of Rimini. The court ruling requires Unicredit to return €652,000 plus interest to the city as a result of the annulment of three interest-rate swaps Sunday 24 October 2010 11:29 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULLlast_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img WHAT THE OTHER PAPERS SAY THIS MORNING whatsapp Show Comments ▼ KCS-content Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndo FINANCIAL TIMESGREENSPAN WARNS OVER WEAKER DOLLARThe US is pursuing a policy of weakening its currency which is driving up exchange rates in the rest of the world, according to Alan Greenspan, the former chairman of the Federal Reserve. Writing in today’s Financial Times ahead of the G20 meeting in Seoul, Greenspan argues that with China also holding down the renminbi, the upward pressure on currencies elsewhere risks a return to widespread trade protectionism. WALL STREET TO SIDESTEP VOLCKER RULEWall Street groups will continue to invest billions of dollars in property and companies in spite of new rules aimed at curbing the bets banks make with their capital, executives say. US financial groups such as Goldman Sachs, JPMorgan Chase and Morgan Stanley intend to take advantage of a little-discussed aspect of the Volcker rule to continue making direct investments. FIRST EASTERN FUND TARGETS UKFirst Eastern Investment Group, a Hong Kong-based private equity firm, has launched a $500m fund to invest in small and medium sized enterprises in the uK and help them break into the Chinese market. The fund was launched yesterday in Beijing during Prime Minister David Cameron’s official visit.BA SUFFERS SETBACK IN CABIN CREW CLASHBritish Airways’ attempt to reach a settlement in its acrimonious dispute with cabin crew has hit another stumbling block after two branches of the trade union involved said they would not recommend the airline’s latest offer to members. BA and the Unite union last month reached a tentative agreement.THE TIMESMACY’S SINGS PRAISES OF MADONNAA clothing line for teenagers launched in August by Madonna and her 13-year-old daughter Lourdes is helping to breathe new life into Macy’s. The Material Girl line, which recalls Madonna’s leather-and-lace days of the 1980s, represents the American department store’s attempt to compete with outlets such as H&M.BAE HAS SIGHTS ON CYBER WARFARE AS MERGERS ARE RULED OUTBAE Systems is to look for acquisitions in high-growth areas such as cyber warfare, but mega-mergers will be off the agenda as defence cuts loom. Ian King, chief executive of Europe’s largest defence company, said that the Pentagon had made clear it did not want more consolidation between the world’s largest defence contractors because it would reduce competition.The Daily TelegraphPRIVATE DETECTIVES CHASE HP BOSS The new chief executive of Hewlett-Packard is being hunted by private detectives, it has been claimed. Investigators are said to have been hired by software group Oracle to find Leo Apotheker, who took charge at Hewlett-Packard this month. Oracle is attempting to serve Mr Apotheker with a subpoena to testify in a court case, in which it is fighting SAP, a rival company that Apotheker formerly led. ANGLIAN’S JONSON COX IS NEW UK COAL CHAIRMAN UK Coal, Britain’s largest coal miner, has appointed Jonson Cox, the former head of Anglian Water, as its new executive chairman. The company announced in July that David Jones and Jon Lloyd will step down as chairman and chief executive, ahead of the company being split into its coal assets and property operations. THE WALL STREET JOURNALEU MINISTERS, PARLIAMENT TO NEGOTIATE BUDGET INCREASEEuropean budget ministers will meet representatives from the European Parliament in Brussels on Thursday to try and reach an agreement on next year’s EU budget. The council, which comprises budget ministers from the bloc’s 27 member states, wants the budget to increase by no more than 2.91 per cent from this year’s level of €122.9bn, while Parliament wants a 6.2 per cent rise. SWITZERLAND TIGHTENS BANK CAPITAL RULES The Swiss government is asking banks to set aside more capital as a cushion against losses on their trading books, a move that will affect UBS AG and Credit Suisse more than smaller institutions. The tighter rules, which come into force on 1 January, stem from the Basel III rules. Wednesday 10 November 2010 8:53 pm whatsapp Tags: NULLlast_img read more

BHP Billiton tried to block Rio’s China deal, says cable

first_img whatsapp MINING firm BHP Billiton pressured the Australian government to prevent rival Rio Tinto teaming up with Chinese company Chinalco, according to a diplomatic cable released to the Australian media at the weekend. The country’s then-treasurer Wayne Swan told US diplomats last year that BHP had lobbied the government to delay any decision on the $19.5bn (£12.3bn) investment, according to the Wikileaks cable. “BHP has been lobbying extensively to block the deal, highlighting concerns about Chinese investment and the possibility that seats on the Rio board would give the Chinese representatives important insights into the producer side of the annual iron ore price negotiations,” the cable reportedly said. “Treasurer Wayne Swan’s chief of staff has told us on several occasions that BHP has played its cards with consummate skill, in part due to the increasing marginalization of BHP CEO Marius Kloppers as BHP chairman Don Argus has taken the lead in lobbying.” State-owned Chinalco blamed Rio when its plan to buy around 18 per cent of the company collapsed last year, claiming that disagreements over board members and a bond issue thwarted its plans. Swan said yesterday that the report might not be accurate, telling reporters: “Just because there is reportage of conversations and they are contained in cables, doesn’t necessarily mean those cables are accurate, well grounded or in context.“Because it was a commercial matter it wasn’t a matter that ultimately came to government for decision,” he added.In a separate cable, diplomats discussed claims that Rio Tinto privately gave the Chinese government information on former staff during a corruption investigation.According to media reports on the cables, Rio found small amounts of cash on several employees that it could not vouch for, and passed this information on to China’s public security bureau.The FTSE-listed company publicly backed its staff before their convictions last year, describing the allegations as “wholly without foundation”. Several ex-Rio staff are still serving jail terms in China. Neither company commented on the cables. Tags: NULL BHP Billiton tried to block Rio’s China deal, says cable KCS-content center_img Share Sunday 12 December 2010 11:01 pm whatsapp Show Comments ▼last_img read more

Spain feels the pain as the cost of its debt soars

first_img Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo Tuesday 14 December 2010 9:29 pm whatsapp Show Comments ▼ Spain paid over 100 basis points more to sell its treasury bills at an auction yesterday compared to last month, but met strong demand as investors piled in to scoop up an attractive yield. The Treasury sold €2.51bn (£2.13bn) in 12- and 18-month bills, in the middle of a €2-3bn target range. The results had little impact on bond markets, but yields at the tender jumped dramatically from last month’s auctions after a renewed sell-off that has driven up borrowing costs for Spain. center_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Spain feels the pain as the cost of its debt soars KCS-content Tags: NULLlast_img read more

Misys to return Allscript proceeds to investors

first_img Software firm Misys said it would return the remaining proceeds of its Allscripts disposal, equal to 38 pence a share, to shareholders, and said the recent closing of deals kept its core business on track.The company, which sold most of stake in its Allscripts-Misys healthcare software joint venture last year, said on Tuesday it would return about £145m to shareholders.It has already used about £525m of proceeds on a share buyback.Misys, which focuses on banking and treasury and capital market software, reported revenue of 161 million pounds and operating profit of £23m for the six months to end-November, in line with guidance given in December when it said some orders had been delayed.The company, which became a leader in the TCM sector when it bought Dublin-based Sophis in November, said most of the outstanding deals had been closed since the period end, and its medium-term target of annual 5-8 per cent revenue growth was unchanged.Analysts expected Misys to report adjusted operating profit of £23.4m, just above the company’s guidance of £20-23m range, on revenue of £161.9m, in line with the £160-162m company range. John Dunne whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads Tuesday 25 January 2011 2:47 am Tags: NULL Misys to return Allscript proceeds to investors last_img read more

Weather blamed for 0.5 per cent GDP fall

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Tags: NULL Show Comments ▼ Share KCS-content whatsapp THE British economy shrank by half a per cent in the final three months of the year, official data showed yesterday, despite economists on average expecting an expansion of up to half a per cent.The decline was largely blamed on the crippling effects of December’s snowstorms, which knocked half a per cent off the country’s GDP, according to the Office for National Statistics (ONS).But the effect of the weather and the economic slip up may have been overstated, according to some economists. “The ONS has hardly covered itself in glory in recent years with its first estimate of quarterly GDP,” said Ian Harwood of Evolution Securities. “Such estimates are generally subsequently revised, and often very substantially,” he added.And the ONS admitted: “the effect of the bad weather is the best we can make it at this stage, but is still inevitably uncertain.”Economic progress would have been “flattish” irrespective of the severe weather, the ONS suggested. The construction industry plummeted by 3.3 per cent, it found, while the UK’s service sector also shrank by half a per cent.Yet the results are “at odds with what the monthly purchasing managers’ index (PMI) surveys have been saying,” Harwood argued.“The composite PMI surveys [which measure economic activity] have run above 50,” he said.All index scores above 50 indicate economic growth.“It is possible to construct a monthly series based on separate data for industrial, construction and services output,” added Henderson’s Simon Ward. “This calculation reveals that the average level of GDP in October and November was 0.1 per cent higher than in the third quarter. In the absence of the bad weather, GDP would probably have risen in December,” Ward claimed.And Ward believes the effects of the weather have been overestimated in the data. “The December estimate probably relied on information for the early and middle parts of the month when disruption was most severe.”And the recovery should rebound in the first quarter of this year, economists expect. “The economic recovery is probably proceeding at a moderate pace,” Ward added. Tuesday 25 January 2011 9:30 pm whatsapp Weather blamed for 0.5 per cent GDP fall last_img read more

Shock drop for German retailing

first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp KCS-content Monday 31 January 2011 8:03 pm German retail sales posted a surprise fall in December. Economists had expected a strong rise in retail sales of two per cent, yet the federal statistics office posted a fall of 0.3 per cent compared to November. On an annual basis, sales declined by 1.3 per cent against expectations for a 1.1 per cent increase. For the year as a whole, however, retail sales pushed up 1.2 per cent, their strongest annual gain since 2005. Show Comments ▼center_img Shock drop for German retailing by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Funmoneywise.comKirkland Products That Are Actually Big Brands In Disguisemoneywise.comAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsFamilyThisThe Biggest Wrestlers From Back In The Day & How They Look NowFamilyThisNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelQuizscapeThe Irish Can’t Handle This Slang QuizQuizscapebonvoyaged.comYour IQ Is 142 If You Get 15/20 On This General Knowledge Quizbonvoyaged.comTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal Past Share whatsapp Tags: NULLlast_img read more