Surprise output rise aids stocks

first_img AN UNEXPECTED surge in manufacturing growth in two of the world’s largest economies yesterday soothed fears over the prospects for the global economy.The closely watched gauge of activity in US factories from the Institute for Supply Management defied expectations of a drop to jump to 56.3 last month from 55.5 in July, indicating the pace of output is beginning to pick up. China’s manufacturing sector also saw an unexpected recovery, after several months of slowdown, with the government’s purchasing managers’ index rising from 51.2 in July to 51.7 in August. A separate index compiled by HSBC bank rose from 49.4 to 51.9 rebuffing fears that government tightening measures would strangle growth.Both surveys reassured that the slowdown in the economy was not gathering pace triggering a rally in stock markets worldwide. The Dow Jones Industrial Average soared 2.5 per cent to 10,269.47 marking its best day for eight weeks, while the FTSE 100 jumped 2.7 per cent to 5,366.41. European stocks markets also shared in the exuberance – with Paris and Germany both gaining over two per cent. “While conditions will continue to cool as the year progresses, there looks to be sufficient traction remaining to sustain the recovery,” said David Hensley, director of global economics co-ordination at JPMorgan. KCS-content Show Comments ▼ whatsapp whatsapp Share 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Surprise output rise aids stocks Wednesday 1 September 2010 8:53 pm Tags: NULLlast_img read more

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Accountancy firms could face hit from mass exodus of audit staff

first_img whatsapp Sunday 19 September 2010 10:08 pm whatsapp Accountancy firms could face hit from mass exodus of audit staff Share KCS-content A RAFT of disillusioned accountants are currently seeking new employment, citing a lack of effort made by senior management to help nurture career development, new research will reveal today.Accountancy firms could be faced with a mass exodus of employees if management don’t make greater efforts to retain staff, research by recruiters, CareersinAudit.com, found.The results show that half of the 606 accountants surveyed are looking for a new job. That number, according to the recruiter, is set to rise dramatically over the next six to 12 months to three quarters.Nearly 60 per cent of the respondents to the survey said they were currently networking at least twice a week and 46 per cent said the main reason was to get a new job.The problem, according to CareersinAudit.com, lies within upper management as 77 per cent of said their company could be doing more to aide career development. And 38 per cent are not hopeful that change is around the corner. Show Comments ▼ 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 Tags: NULLlast_img read more

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Domino’s given boost as online revenues shoot up

first_imgWednesday 29 September 2010 10:39 pm KCS-content 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 Share DOMINO’S Pizza said yesterday its online sales have surged by 69 per cent – mainly due to its new iPhone app.The chain said overall same-store sales rose 9.9 per cent in the 13 weeks to last Sunday taking its sales growth for the year to 12.5 per cent. Including new stores, total sales rose 18 per cent to £115.7m, of which £33m were online. Chief executive Chris Moore said: “With tough comparatives to beat, yet again our franchisees and store teams, supported by our strong head office operation, have risen to the challenge and delivered excellent like-for-like sales growth.”Moore added: “As a result of our strong trading in the third quarter and, indeed, the year so far, the board believes it is on track to achieve full-year profitability at the upper end of current market expectations.” Analysts suggest that annual pre-tax profits could hit £36.5m. whatsapp Domino’s given boost as online revenues shoot up Show Comments ▼ whatsapp Tags: NULLlast_img read more

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Brazil’s Vale sees its third quarter profits rocket by 250 per cent

first_img BRAZILIAN mining giant Vale yesterday said third-quarter profits rose more than 250 per cent from the year earlier to their highest level ever as the company benefited from rising iron prices and higher output.Vale, the world’s largest iron ore miner, reported a record net income of 10.55bn reais (£3.9bn) that beat analysts estimates as demand for iron remains strong among emerging market nations such as China.“These are the best results that Vale has ever reported in its history, marked by record operation revenues … net profit and cash generation,” the firm said in a statement.Earnings before interest, taxes, depreciation and amortisation, a key cash-generation indicator known as EBITDA, rose 164 per cent to 15.92bn reais compared to the same quarter a year earlier.Vale had already released production volumes for the quarter, which rose 24 per cent from a year earlier to 82.6m tonnes – its second highest iron output ever and its highest since the global financial crisis took hold.It invested $7.62bn in the first nine months of the year, excluding acquisitions, out of a total of $14.2bn planned for the year. Share Wednesday 27 October 2010 8:41 pm Brazil’s Vale sees its third quarter profits rocket by 250 per cent 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 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 FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Wrapcenter_img KCS-content whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

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Strike threats and decline in mail volumes hit TNT

first_img whatsapp KCS-content Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity 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 Show Comments ▼ Monday 1 November 2010 8:35 pm SHARES in Dutch postal firm TNT went on a rollercoaster ride yesterday, with stock sinking to a seven-month low after its disappointing third-quarter earnings report before recovering.Pre-tax profit plunged 24 per cent to €108m (£94m), with the firm dragged down by mail, where volumes in the Netherlands declined 7.7 per cent and yields were pressed by intense competition. Chief executive Peter Bakker admitted that the results were “good but not great” but a spokesman said yields would improve as the company renegotiated low-cost contracts given to major customers in the downturn.The future for TNT has been uncertain since August when it announced plans to split its mail and express businesses by January 2011.Since then it has been locked in a trade union dispute, with an ultimatum threatening strike action to expire on 8 November. The stock closed up 0.8 per cent at €19.69. center_img whatsapp Strike threats and decline in mail volumes hit TNT 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

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Jailed Yukos oil tycoon rails against Kremlin

first_img Tags: NULL Share KCS-content JAILED former oil tycoon Mikhail Khodorkovsky used his closing argument at his second trial yesterday to raise his profile as a political prisoner, saying he would sacrifice his life for the rule of law in Russia.Khodorkovsky said he was “ashamed” of Russia, a country where “a person who collides with ‘the system’ has no rights whatsoever”.“If I have to (die in prison), I will not hesitate. The things I believe in are worth dying for,” Khodorkovsky told a packed courtroom.Russia’s most high profile prisoner is facing six more years behind bars in his second trial, meaning he would serve a total of 14 years in a case that the West has been watching to gauge President Dmitry Medvedev’s commitment to the rule of law.In the second trial, the former Yukos oil company chief is accused of stealing $27bn (£16.9bn) worth of oil from his firm. The verdict is due to be handed down on 15 December. Jailed Yukos oil tycoon rails against Kremlin 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 whatsapp Show Comments ▼ Tuesday 2 November 2010 9:21 pmlast_img read more

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Fitch fired by Portugese bank

first_img whatsapp Share 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 FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousa Fitch fired by Portugese bank Show Comments ▼ Tuesday 9 November 2010 8:59 pm Tags: NULLcenter_img whatsapp One of Portugal’s biggest banks fired credit-rating agency Fitch yesterday after it was downgraded for the second time since July. Banco Espirito Santo told the stock market the move from an A rating to BBB+ did “not reflect the financial soundness of the bank”, which it said was in a “strong position…to face current challenges”. Millennium BCP, another Portugese bank that has endured numerous downgrades said yesterday that Fitch’s treatment of the banks “does not reflect the results of the Portuguese banks in the Stress Tests carried out by the CEBS [Europe’s banking supervisor]”. KCS-content 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 Wraplast_img read more

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Treger triggers £2bn bid

first_imgThursday 18 November 2010 8:17 pm Show Comments ▼ KCS-content 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 A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Treger triggers £2bn bid whatsapp center_img whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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 Share JULIAN Treger, the well known shareholder activist, has triggered the sale of the Aim market’s largest company Western Coal by agreeing to sell a 23.5 per cent stake in it to Walter Energy, the US coal company.Treger, who came off the board of Western Coal last month, owned the stake through one of his funds, the Audley European Opportunities Master Fund.Treger has agreed to sell 40 per cent of his shareholding now for cash, with the rest later subject to him getting a higher offer from another buyer.If the sale of his entire holding goes through at the current price he will have netted £530m from an investment that cost only around £20m three years ago.Walter Energy has said it wants to buy Western Coal for $11.50 a share, valuing it at $3.3bn (£2.06bn), more than any other Aim company.Western Coal says it sold three million tonnes of coal last year but expects to get to six million tonnes by this year. It is being advised in the UK by Nick Wells at Cenkos Securities. Tags: NULLlast_img read more

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RESTLESS IN THE CITY FOR YANK BANKERS

first_img Share KCS-content whatsapp Thursday 25 November 2010 7:53 pm Show Comments ▼ whatsapp NO rest for our American friends in the City, it seems. The Capitalist had a snoop around some of the biggest US banks’ UK branches yesterday, hoping to find them wonderfully empty due to an outflow of traders to celebrate America’s biggest holiday of the year.But no, it seems our bankers were hard at work into the evening hours yesterday. It was “business as usual” at both Goldman Sachs and Bank of America-Merrill Lynch, with one exception: the canteens of both were given over to a Thanksgiving themed lunch of turkey, cranberry sauce and pumpkin pie to offer some cheer to all the hard-working yanks. Over at Investec, however, the celebrations were on a grander scale – if somewhat cosmopolitan. Traders headed off to Canary Wharf early for a curry with their brokers. Not particularly traditional, but certainly a uniquely British style of celebration. But it wasn’t necessarily to thank the pilgrim fathers for their foresight. Instead, they were celebrating a day of thin trading and lazy markets.Each to their own.CITY VERSUS LYCRATO mark its official sponsorship of Team Sky – the pro-tour cycling team – spreadbetting firm IG Group is holding a City suits versus the cycling pros bike race at Broadgate today. City folk, including several lycra-clad IG senior traders, will be pitting their cycling skills against Britain’s cycling Olympic gold medallist and Team Sky leader Bradley Wiggins. While all slots to race against the champion himself are taken, the opportunity to watch the suits sweat it out over a one-mile course on a stationary bike – with all the huffing and puffing and sweating that it entails – is surely worth a gander. And if that’s not enough to tempt you along, perhaps Wiggin’s characteristic honesty could lure you there. After struggling up a Pyrenean mountain in this year’s Tour De France race he told reporters: “I’ve got nothing. I just don’t have the form, it’s as simple as that. I just feel consistently mediocre.” You never know, if Wiggins not on form again, then the suits could be in with a chance. To find out, turn up today between 10am and 3.30pm to witness the battle of the bikes. STELIOS STAREASYJET entrepreneur Stelios Haji-Ioannou in partnership with the Leonard Cheshire Disability charity, last night picked a businesswoman for the worthy winner of the annual Stelios Award for Disabled Entrepreneurs and a cheque for £50,000 for Tiny Mites Music. Vanessa Heywood was diagnosed with multiple sclerosis in 1995, forcing her to give up her career as a professional actress, singer and dancer. Rather than wallowing in her sorrows, she took advantage of her musical talent and set up a business offering live and recorded music sessions aimed at young children.CRYSTALLISED SOOTTIMES may be tough, but the sparklers are still pulling in the buyers. Gem Diamonds yesterday raked in a not-to-be-sniffed at $22.7m from the sale of two of its large diamonds – a generously proportioned 184 carat diamond and 196 carat diamond respectively. Not bad for a piece of crystallised soot! RESTLESS IN THE CITY FOR YANK BANKERS Tags: NULL 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 The Dream Girl In The 90s, This Is Her NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmlast_img read more

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FTSE dips as miners take hit

first_img Tags: NULL WarrenG Mining stocks were in the firing line, with falling commodity prices and talk of an interest rate hike in China, dragging share prices down. whatsapp However tech shares were buoyed by better than expected figures from chip maker Intel. Arm, which makes chips for Apple’s iPhone, was among the highest risers with its stock soaring by ten per cent. 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Banking stocks lost some ground after rises earlier in the week, with HSBC dipping slightly this morning. Xstrata fell by more than one per cent in early trading. On the other side of the Atlantic a flurry of economic data will be released today including December consumer prices, retail figures and industrial output numbers. Share JPMorgan’s fourth quarter earnings will also be closely watched as the bruised US banking sector looks for indications that sustainable better times are ahead. Friday 14 January 2011 5:44 am US markets were yesterday hit by gloomy jobs data which showed benefit claimants rising. whatsapp FTSE dips as miners take hit However shares in FTSE-listed British Electricals contractor T Clarke dived by more than 30 per cent afterit issued a profit warning.Meanwhile the price of goods leaving UK factories rose faster in December than in the previous month, largely due to the increased price of oil, according to the Office for National Statistics (ONS). John Lewis today continued to show that more affluent shoppers were still opening their wallets, with another healthy weekly sales rise. Show Comments ▼ Medical equipment supplier Smith & Nephew saw its shares lift by four per cent after speculation of a merger with Biomet. The FTSE 100 opened lower today as weaknesses on Wall Street overnight took their toll on European markets. last_img read more

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