Rose defends M&S chief’s £15m package
February 6, 2010 by admin · Leave a Comment
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By Kamal Ahmed and James Hall
Published: 9:42PM GMT 06 Feb 2010
Sir Stuart was responding to criticism of the £4.9m that Mr Bolland will be
paid up-front as compensation for the deferred stock options he held with
his previous employer, Morrisons.
“We did bench-marking against other companies and we came up with the
salary and I’m happy about that,” Sir Stuart said.
Northern regions ‘enjoy strongest house price growth’
January 27, 2010 by admin · Leave a Comment
Published: 12:01AM GMT 27 Jan 2010
The average cost of a home in Yorkshire and Humber soared by 130pc during the Noughties, jumping from £55,574 in 1999 to £127,852 at the end of last year, according to Halifax. The North and North West saw strong growth of 120pc and 112pc respectively during the period, while in Wales house prices increased by 122pc to average £137,316.At the other end of the scale, price growth was slowest in London during the decade, with the average cost of a property rising by 80pc to £255,473, followed by the South East at 85pc. The average cost of a home in Scotland rose by 94pc during the 10 years, while in Northern Ireland prices ended the decade 99pc higher than they started it.
Redruth in Cornwall saw the biggest price jump at 207pc, followed by Penzance, also in Cornwall, at 188pc and Ramsgate in Kent at 181pc. The cost of the average home in the 10 best performing towns rose by at least 160pc between the end of 1999 and the end of 2009.Across all regions of Britain, house prices rose by an average of 105pc during the 10 years, the biggest increase in real terms seen during any decade in the past 50 years. Despite property losing a fifth of its value between mid-2007 and mid-2009, the average house price still rose from £81,596 during the final quarter of 1999 to £167,020 in the three months to the end of December 2009.Martin Ellis, housing economist at Halifax, said: “The Noughties was a significant decade for house prices. The majority of towns that experienced the strongest price growth began the decade with lower than average property prices, which provided the platform for bigger price gains.”Seaside towns fared particularly well as the attraction of having a home on the coast helped to boost demand.” Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.
Apple profits jump 50pc in first quarter, boosted by iPhone sales
January 26, 2010 by admin · Leave a Comment
Published: 10:20PM GMT 25 Jan 2010
Apple said
revenue in the first quarter rose to $15.68bn from $11.88bn in the
corresponding quarter a year ago. International sales accounted for 58pc of
the revenue.
The company said it sold 3.36m Macintosh computers during the quarter, 33pc
more than a year ago, and 8.7m iPhones, up 100pc from a year ago.
Apple said iPod sales fell 8pc to 21m units.
Questor share tip: NCC Group - it’s time to sell
January 23, 2010 by admin · Leave a Comment
By Garry White, Questor Editor
Published: 5:00PM GMT 23 Jan 2010
NCC Group
NCC Group
418p
Questor says SELL
UK house prices will be flat in 2010, Halifax predicts
January 7, 2010 by admin · Leave a Comment
Published: 9:51AM GMT 07 Jan 2010
Halifax,
which produces a widely watched index, delivered the outlook as it
said that the average UK house price rose for a sixth straight month in
December. Prices climbed 1pc last month, leaving them 1.1pc higher than 12
months ago.
The run of gains has propelled house prices up 9.4pc since reaching their low
in April, raising some hopes that the market can stage a lasting recovery
from its slump. But with interest rates at record low levels and few people
putting their homes up for sale, economists have cast doubt on whether 2010
will see a similar pattern.
Martin Ellis, a housing economist at Halifax, said today that “the
prospects for the market this year will depend on how the UK economy evolves
and whether there is a significant increase in the supply of properties for
sale.
UK construction contracts for 22nd month
January 5, 2010 by admin · Leave a Comment
Reuters
Published: 9:44AM GMT 05 Jan 2010
The Chartered Institute of Purchasing and Supply/Markit construction PMI index
rose to 47.1 in December from 47.0 in November.
Incoming new business declined, in contrast to November when it rose for the
first time since early 2008. But construction
companies forecast a recovery over the coming year, particularly
with regard to house building.
Morrisons’ sales growth slows as food inflation falls in third quarter
November 19, 2009 by admin · Leave a Comment
Reuters
Published: 7:57AM GMT 19 Nov 2009
Morrison (Wm) Supermarkets
Britain’s fourth-biggest supermarket group said on Thursday sales at stores
open at least a year, excluding petrol and VAT, rose 4.3pc in the 13 weeks
to November 1.
That is down from 7.8pc in the first half and below the average forecast of
4.6pc in a Reuters poll.
However, the group said the slowdown was due to slowing food price inflation
which has been affecting all supermarket groups.
Has BA solved its problems by merging with Iberia?
November 13, 2009 by admin · Leave a Comment
Published: 11:36AM GMT 13 Nov 2009
“We’re creating an airline group that can truly compete at the world level in
the airline industry,” Mr Walsh said said on Friday. BA’s Irish chief
executive also dismissed fears that the combination with Iberia is the start
of BA’s march to become more like a no-frills airline.
Shares in BA rose in trading on Friday morning, adding to a 7.5pc gain
yesterday, as shareholders welcomed the prospect of BA bulking up to compete
globally against larger airlines such as Lufthansa and Air France-KLM. But
Mr Walsh will also have to sell the deal to staff who are likely to see the
merger lead to more job cuts.
The deal comes after 16 months of talks between the airlines but does it
provide a solution to BA’s problems?
Has BA solved its problems by merging with Iberia?
November 13, 2009 by admin · Leave a Comment
Published: 11:33AM GMT 13 Nov 2009
“We’re creating an airline group that can truly compete at the world level in
the airline industry,” Mr Walsh said on Friday. BA’s Irish chief executive
also dismissed fears that the combination with Iberia is the start of a move
by BA to become more like a no-frills airline.
Shares in BA rose in trading on Friday morning, adding to a 7.5pc gain
yesterday, as shareholders welcomed the prospect of BA bulking up to compete
globally against larger airlines such as Lufthansa and Air France-KLM. But
Mr Walsh will also have to sell the deal to staff who are likely to see the
merger lead to more job cuts.
The merger comes after 16 months of talks between the airlines but does it
provide a solution to BA’s problems?
Britsh manufacturing output bounces back
November 5, 2009 by admin · Leave a Comment
Reuters
Published: 10:43AM GMT 05 Nov 2009
The figures from
the Office for National Statistics add to the raft of conflicting
data about the British economy over the past month.
Factory output rose 1.7pc in September, almost reversing a 2pc decline in
August. This was was much higher than economists’ forecasts and the biggest
gain since July 2002.
However, the ONS said the figures on their own would not lead to any
significant change to its estimate of third-quarter GDP, which shocked
analysts last month when it showed a 0.4pc fall between July and September.
