France cuts growth forecast at emergency summit

first_img France cuts growth forecast at emergency summit whatsapp Friday 20 August 2010 9:27 am Share 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. Show Comments ▼ John Dunne whatsapp 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

Inflation may push rates up to 8 per cent

first_img Share Inflation may push rates up to 8 per cent Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoHero WarsBig Boss of internet games!Hero WarsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoWorldemandThe One And Only WD40 Trick Everyone Should KnowWorldemandUndo INFLATION could peak as high as 10 per cent in the next couple of years, a leading policy think tank has warned, forcing a crippling spike in interest rates up to around eight per cent.Andrew Lilico, the chief economist at the Policy Exchange think tank, believes that once the economic recovery kicks in properly in late 2011 and early 2012, rapid growth in the money supply will see inflation jump to levels not seen since the early 1990s.Lilico predicts that the consequent sharp rise in interest rates will send inflation even higher to around 10 per cent – and that a base rate of around eight per cent will be required to keep prices from spiralling even further out of control.“All of this is the optimistic case – what happens if the government gets policy right and its policies work,” the über-bearish economist added.Official figures from the Office for National Statistics are this week expected to confirm that the UK economy registered positive growth of around 1.1 per cent in the second quarter.However, Bank of England governor Mervyn King last week admitted that inflation is likely to stay above the two per cent target at least until the end of next year. KCS-content whatsapp Show Comments ▼center_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sunday 22 August 2010 10:40 pm Tags: NULLlast_img read more

Budget airlines fly a higher number of August passengers

first_img whatsapp More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com KCS-content Show Comments ▼ A HIGHER number of travellers are turning to budget airlines easyJet and Ryanair according to August passenger figures published by the two carriers yesterday.The figures indicate a general move by air passengers towards low cost airlines, as each posted an increase in passenger numbers last month.EasyJet said yesterday that it carried 5.2m passengers in August, marking an 8.4 per cent increase in customer traffic from the same period last year when it flew 4.8m people.The airline, founded by Sir Stelios Haji-Ioannou’s easyGroup in 1995, said it flew 48.4m passengers during the 12 months ended August.The budget airline reported that 92.3 per cent of available seats on its planes were filled last month. Meanwhile, rivals Ryanair carried 12 per cent more passengers during August after 7.68m customers turned to the budget airline.Despite this, Ryanair filled a smaller portion of its planes after 89 per cent of available seats on its aircraft were taken.The Dublin based airline has flown 70.9m people during the 12 months to August.However, this figure includes the 1.45m passengers who were either displaced or saw flights cancelled when European regulators closed airspace after an explosion of a volcano in Iceland.The numbers show an exodus from larger airlines, including British Airways, which reported August passenger traffic was down after it flew 3.154m customers last month. whatsapp Budget airlines fly a higher number of August passengers Share Monday 6 September 2010 8:34 pm Tags: NULLlast_img read more

Sports Direct fraud probe dropped

first_img John Dunne Sports Direct International has been told that no charges will be brought against it by the Serious Fraud Office.The SFO had launched an investigation into Sports Direct International and JJB Sports over alleged anti-competitive practices.Office of Fair Trading and the SFO officials visited Sports Direct’s head office in September 2009 as part of the probe into the sports retail market.A statment from the SFO said: “The Serious Fraud Office investigation into Sports Direct International plc and JJB Sports plc has been completed and it is decided that no charges are to be brought against the companies. The investigation into individuals continues.” Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Tags: NULL Tuesday 19 October 2010 2:44 am 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 PastUndoMoneyPailShe 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 ItUndoWork from Home | Search AdWork From Home for a USA company Might Be More Fun Than You ThinkWork from Home | Search AdUndoGardensTricks.comThis House Looks Small But Look Inside!GardensTricks.comUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoWomenTales.com20 Pieces of Clothing Older Women should AviodWomenTales.comUndo whatsapp Share whatsapp Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Sports Direct fraud probe dropped last_img read more

PIMCO’S GROSS ISSUES WARNING OVER A BRAZEN PONZI SCHEME: QE

first_img whatsapp Wednesday 27 October 2010 7:53 pm PIMCO’S resident bond expert Bill Gross yesterday, in his usual verbose fashion, issued a stark warning over the upcoming second round of quantitative easing (QE) in the US – dubbing it no less than a “Ponzi scheme” on the part of the Federal Reserve.“Check [sic] writing in the trillions is not a bondholder’s friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme,” Gross told his loyal readers. “Now, however, with growth in doubt, it seems that the Fed has taken Charles Ponzi one step further. Instead of simply paying for maturing debt with receipts from financial sector creditors – banks, insurance companies, surplus reserve nations and investment managers, to name the most significant – the Fed has joined the party itself. Rather than orchestrating the game from on high, it has jumped into the pond with the other swimmers…“The Fed, in effect, is telling the markets not to worry about our fiscal deficits, it will be the buyer of first and perhaps last resort. There is no need – as with Charles Ponzi – to find an increasing amount of future gullibles, they will just write the check themselves. I ask you: Has there ever been a Ponzi scheme so brazen? There has not.”Don’t say he didn’t warn you.SILVER SCREENHow über-successful City types have the time to do anything outside of their hectic work schedules is often a mystery, but manage it they certainly do – and a case in point is Eddie Charlton, the former HSBC Private Bank director who joined Citi as a senior adviser just last month. Charlton, I hear, has been busy on a wholly different front of late, trying his hand at film production on “Archipelago”, directed by Joanna Hogg. The film, described by critics as an “astute and authoritative observation on the malaises of the middle-class”, must be pretty good, as it was selected among just 200-odd features to be shown at the London Film Festival, which wraps up today.TIGHT SHIPAusterity measures have got so bad at Transport for London, according to The Capitalist’s network of sources, that boss Mike Brown now has to personally sign off any requests for first class stamps…GOLDEN TOUCHBig news for one of the tiniest tiddlers on the Alternative Investment Market yesterday, as Irish entrepreneur John McKeon came on board at Premier Management.McKeon is best known as a founding shareholder of Circle Oil, and his involvement has had a stonking effect on other tiny companies before – just six months ago, investment shell Niche Group saw its shares soar 145 per cent in a day when he joined as a consultant.Fellow minnow Premier Management bettered that yesterday as its shares shot up a phenomenal 445.5 per cent to 3p, on hopes that McKeon’s fat book of Asian and Middle Eastern government contacts can help it source deals in gold exploration in the region.russian moneyThose out there with Russian connections and a lot of money to burn might be interested at news of a gala concert next March at the Royal Albert Hall, to mark the 80th birthday of the man who brought the Cold War to an end, Mikhail Gorbachev.Some tickets are available at £35 for the concert, which will feature both classical artists and modern pop bands, but there are also 33 exclusive boxes available to reserve for the event – costing an eye-popping £100,000 a pop.FRIENDLY FACEIn the aftermath of a desperately poorly-received IPO, Tim Steiner, co-founder and chief executive of online grocer Ocado, must have been thanking his lucky stars yesterday at having someone speak out in praise of his firm at last.Happy for him, too, that said someone was none other than the Prime Minister, David Cameron, who confirmed to the House at PMQs that he’s an Ocado customer. That’s the kind of PR money can’t buy.ROYAL TREATMENTHis Highness the Emir of Qatar, Sheikh Hamed Bin Khalifa Al-Thani, was in the City last night for the Lord Mayor’s Qatari state banquet, held at the Guildhall.At a dinner attended by diplomats and business leaders such as Royal Dutch Shell’s UK chair James Smith and Centrica chief Sam Laidlaw, Lord Mayor Nick Anstee praised Qatar’s recent activity in London – the Shard skyscraper and investments in Harrods and Barclays, to name but a few.To thank the Emir, who attended with just one of his 27 children (gulp), Anstee also presented him with an Arsenal FC shirt signed by the first team squad, to mark Emirates’ sponsorship of the club. Fittingly, the shirt came emblazoned with the words “HHT Emir” on the back, plus a number 15 – in honour of his 15 years of rule so far. PIMCO’S GROSS ISSUES WARNING OVER A BRAZEN PONZI SCHEME: QE Show Comments ▼ whatsappcenter_img KCS-content 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 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 HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Share Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orglast_img read more

Greek banks to raise cash

first_img whatsapp GrEece’s Marfin Popular announced plans yesterday to raise €1.15bn (£1bn), making it the third Greek bank to opt for a cash call to boost capital ratios, while a fourth, Eurobank, said it was looking instead to sell a chunk of its Polish unit.Big cash calls by National Bank of Greece (NBG) last month and Piraeus Bank last week have fanned talk other Greek lenders would follow suit to strengthen their balance sheets and reduce a dependence on European Central Bank funding.Hit by the country’s debt crisis, Greek banks were shut out of wholesale funding markets after their bond portfolios were damaged by successive sovereign credit rating downgrades, forcing them to rely on the ECB.Cyprus-based Marfin Popular also said yesterday it is to convene its board on 11 November to decide on a €1.15bn cash call following the stricter capital requirements of the international Basel III banking rules.Under the plan Marfin, Popular’s management is proposing a €489m one-for-two rights offer at one euro a share. The price of the existing shares closed down 4.05 per cent at €1.42 on the Athens bourse yesterday, giving the bank a market value of about €1.26bn. Marfin also aims to sell via a placing by the end of next year convertible capital securities to raise up to €660m, with a minimum conversion price to be €1.80.Last month NBG set the ball rolling when it raised €1.8bn by selling new shares and convertible notes. Greece’s biggest lender is set to reduce its holding in Turkey’s Finansbank for additional proceeds of about €1bn.Its move was followed by Piraeus Bank which last week launched an €800m rights issue and €250m of convertible bonds, eyeing stronger capital ratios and more financial flexibility. Tags: NULL Show Comments ▼ Greek banks to raise cash KCS-content center_img Share whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Monday 1 November 2010 9:05 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoverySerendipity 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 Heraldlast_img read more

Ireland plans €6bn budget cuts for 2011

first_img IRELAND is planning to push through spending cuts and tax hikes totalling €6bn (£5.2bn) next year, the toughest budget in the country’s history, in a last-ditch effort to convince investors it is not on the verge of financial meltdown.With Irish borrowing costs breaching record highs every day this week, finance minister Brian Lenihan is battling to turn the tide of market opinion and avoid the risk of a Greek-style bailout.He said yesterday he was frontloading next year some 40 per cent of the €15bn in adjustments he is targeting between now and 2014, the deadline he has promised Brussels to get the worst budget deficit in Europe back within EU limits.“I am well aware that such measures will impact on the living standards of everybody,” Lenihan said in a statement. “But our spending and revenue must be more closely aligned. This is the only way to ensure the future economic well-being of our society.”Lenihan got a vote of confidence from European Central Bank president Jean-Claude Trichet, who said Ireland’s plans to cut the deficit by €15bn over the next four years should be sufficient to solve its debt crunch.“The €15bn … are not in our view insufficient but of course you have to be alert permanently and stand ready to do all that is needed,” Trichet said.Ireland’s finance ministry said it expected the measures, which will be fleshed out in a four-year plan later this month, would cut the deficit to 9.25 to 9.5 per cent of GDP next year and to 2.75 to 3 per cent of GDP in 2014. The shortfall is set to blow out to a jaw-dropping 32 per cent of GDP this year due to the one-off inclusion of a mammoth bill for bailing out its banks. Even excluding the bank bill, the deficit will be nearly 12 per cent of GDP this year.Lenihan is hoping his fiscal measures will reassure investors and reduce Irish borrowing costs enabling the country to tap bond markets again in January. If yields do not come down by then, the government may be forced to seek external assistance. The premium investors demand to hold Irish bonds over benchmark German bunds stayed at a fresh peak of 543 points after the budget forecasts were unveiled. KCS-content Show Comments ▼ Share Thursday 4 November 2010 10:16 pm whatsapp Ireland plans €6bn budget cuts for 2011 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

Lloyds risk chief resigns

first_imgWednesday 10 November 2010 8:49 pm More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.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 ▼ LLOYDS Banking Group’s chief risk officer Carol Sergeant is set to leave the bank after almost seven years. Sergeant, who joined the bank from the Financial Services Authority in 2003, said in a statement the move comes at “the right time for me to seek new challenges”. She might seek a role at the top of one of the new bodies created from the break-up of the FSA, it was reported last night. “She has established an outstanding risk leadership team and has implemented industry-leading risk-management standards and practices,” Chief executive officer Eric Daniels said in a statement.Her departure comes a week after the bank announced that Santander UK boss Antonio Horta-Osorio was moving to Lloyds to become its chief executive. The bank said in a statement it will now look for Sergeant’s replacement. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutioncenter_img Tags: NULL whatsapp Share Lloyds risk chief resigns last_img read more

Part-time jobs help boost UK employment

first_img Share Part-time jobs help boost UK employment whatsapp Wednesday 17 November 2010 8:14 pm 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 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 whatsappcenter_img THE number of people out of work in the UK has fallen, official figures showed yesterday.Unemployment fell by 9,000 in the three months to September. The total unemployment rate remains unchanged, at 7.7 per cent, according to the Office for National Statistics (ONS).The number of claimants – people out of work and receiving benefits – also fell, dropping by 3,700. The total number of people in employment increased 167,000 on the previous quarter, and by 320,000 people in the last two quarters – the highest growth rate since the late 1980s.Yet employment minister Chris Grayling warned that 5m people are still claiming out of work benefits. “We have to get our labour force ready for the recovery and our benefit claimants ready for the workplace”, he said.Much of the recent improvements have been driven by part time work. In the 12 months leading to the latest figures, part time jobs grew by 4.2 per cent, while full time jobs fell by 0.2 per cent.Average earnings for July to September were below inflation, up just two per cent on last year. Yet despite real earnings declining, there are signs of a business-driven recovery. “If the labour market remains flexible and onerous regulations are scrapped or at least suspended, the private sector should eventually be able to absorb the temporary job losses created by the fiscal austerity plan”, said David Kern, chief economist at the British Chambers of Commerce (BCC). Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRaid Shadow LegendsDon’t play this game if you are under 40 years oldRaid Shadow LegendsTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Stories KCS-content Show Comments ▼last_img read more

Kingfisher weathers storm as sales increase overseas

first_img More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Thursday 2 December 2010 7:10 pm whatsapp KCS-content DIY RETAIL group Kingfisher said yesterday that sales in eastern Europe and France helped to bolster its business accounting for some 80 per cent of profits in the third quarter.The group said in a trading statement, total sales were broadly flat but that good international growth offset a fall in the UK where sales were down 4.2 per cent in the quarter and where it said it was facing the toughest trading conditions in around three and half years. But this was offset by sales in France, which saw 1.8 per cent growth, Poland and a recovery in sales in China. Kingfisher said the 8.2 per cent rise in retail profit to £240m was also driven by continued cost cutting measures across the group. The company’s net cash balance saw a significant improvement at £203m, up from £19m at the end of the previous quarter. Ian Cheshire, group chief executive, said the UK?DIY market was likely to shrink by two to three per cent next year as consumers worry about higher taxes and public spending cuts. But he added: “We are well prepared to trade effectively in these challenging times and we continue to lay solid foundations for sales and profit growth in the future.” whatsapp Kingfisher weathers storm as sales increase overseas Show Comments ▼ Share Tags: NULLlast_img read more