Hampson warns on 2010 as orders slow

first_img Hampson warns on 2010 as orders slow KCS-content BRITISH aero engineer Hampson yesterday said its full-year profit would fall short of market expectations due to a slowdown in orders at its aircraft tooling unit, sending its shares to a seven-year low.“Our largest tooling business has been impacted by order delays across a number of aircraft programmes,” Howard Kimberley, Hampson’s finance director said after the company said full-year pre-tax profit would fall “materially below current market estimates”.“The [new] Lear [jet 85 aircraft] is one of those programmes and the Boeing 787 [Dreamliner] has been somewhat delayed, which has hit Boeing’s sub contractors, each of which have a relationship with our facility,” added Kimberley.Shares in Hampson plunged by up to 61 per cent, their lowest level since March 2003, valuing the group at around £75m, before closing at 21.25p.Before yesterday’s announcement, Hampson was expected to report pre-tax profit of between £21.7m and £28m for the year to the end of March 2011, with the consensus at £24.3m.The company said in June that the rate of recovery at its tooling business, which supplies the defence, commercial aerospace and space industries, had been slower than it had anticipated.“The delays experienced by the tooling business on new aircraft programmes have continued and the group is missing the large contribution to overheads that this business should produce,” said Arbuthnot analyst Michael Blogg, who cut Hampson’s full-year pre-tax profit target to £15m from £25m after its profit warning.Hampson said delays in the receipt of engineering data from certain customers had further impacted activity levels at its US tooling facility. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanReporter center[Photos] Meet The Man Katie Couric Is Romantically Involved With In 2021Reporter centerBetterBe20 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 PastTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Sharecenter_img whatsapp Thursday 12 August 2010 7:45 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp Tags: NULLlast_img read more

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Cable brands bankers “spivs and gamblers”

first_imgWednesday 22 September 2010 11:03 am Cable brands bankers “spivs and gamblers” More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp whatsapp Sharecenter_img 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ John Dunne Business secretary Vince Cable insisted he has a pro-business agenda but attacked bank bonuses paid to “spivs and gamblers”.In his speech to the Lib Dem conference he called for action to stop capitalism “killing competition”.Cable also revealed Royal Mail staff would be given ten per cent of shares in any future flotation of the company.The business secretary, who confirmed last month that he intended to sell off Royal Mail, said this would represent the largest employee share scheme for 25 years. Tags: NULLlast_img read more

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Shining light on a murky regulatory review

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco Relish Shining light on a murky regulatory review More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Tags: NULL KCS-content whatsapp Wednesday 22 September 2010 8:21 pmcenter_img Show Comments ▼ Share WHEN Vince Cable told the Liberal Democrat conference, “I am shining a harsh light into the murky world of corporate behaviour,” that was his cryptic way of announcing to the nation a comprehensive regulatory review. With potentially far-reaching impact, this rather shadowy proposal deserves more light than Cable gave it in his remarks.The detailed announcement says: “We will look at the economic impact of takeovers, shareholder responsibility, corporate incentives and pay – all the factors that can help us build a framework founded on long-term economic logic.” But what does it mean?Some of this is old news – the Takeover Panel has been running its review of M&A rules since the summer – but Cable is by no means just reheating political announcements. His detailed statement makes this plain: “My department is complementing this work with a comprehensive review that will ask fundamental questions about corporate governance and short-termism.”In translation, that seems to indicate that Cable wants the popular outrage against the Cadbury takeover reflected in changes to the rules around shareholder power. Cable goes on to say, “we aim to put responsible shareholders back in the driving seat of the economy”. Responsibility here is redefined solely in his terms, putting Cable in that driving seat: he is supremely confident in his own judgement. Yet his highhanded assumption that shareholders have been irresponsible is as questionable as his belief that the financial crisis can be laid squarely at the feet of “financial gamblers who value a quick buck above all else”.The Cadbury bid may have been a blow for British pride but it was a reflection of problems with Cadbury that had been evident in sluggish performance over much of the past decade. Economic nationalism showed little hope of solving these fundamental weaknesses. The takeover premium was 50 per cent up on Cadbury’s share price the August before, scarcely a derisory offer.It would be less troubling if Cable were a cynic, playing the mystic chords of economic populism only so long as they bring him power. But it seems he really does believe that “shareholders that act like long-term owners” will be better for the economy than those who seek to move capital to its most productive uses.A consultation on Cable’s plan will launch this autumn. Business must be ready to put its case firmly if it is not to find itself carrying a regulatory burden based on questionable assumptions and tabloid pandering. whatsapplast_img read more

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BP says oil spill costs have hit £7.1bn

first_img John Dunne 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Friday 1 October 2010 4:41 am BP says oil spill costs have hit £7.1bn as the company undergoes a shake-up by incoming chief executive Bob Dudley. whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comcenter_img whatsapp BP says oil spill costs have hit £7.1bn Show Comments ▼ Share Tags: NULLlast_img read more

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Songbird edges closer to acceptance for open offer

first_img Songbird edges closer to acceptance for open offer whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp KCS-content Monday 11 October 2010 8:55 pmcenter_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 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.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo Show Comments ▼ CANARY Wharf-owner Songbird Estates yesterday said it had received the backing of shareholders representing 95.3 per cent of the new ordinary shares under an open offer designed to raise £140m.The new ordinary shares are expected to shortly commence dealing on the Alternative Investment Market as the company, which counts Qatar Holdings and China Investment Corporation among its largest shareholders, looks to pay down its debts.Last month Songbird said bumper demand for offices across its estate had held firm despite the lacklustre economic outlook. It reported the market value of its investment portfolio rose to £4.8bn in the half year to the end of June, reflecting a six per cent rise in adjusted net asset value of 178p a share.Proceeds from the fully underwritten open offer will be used to finance the repurchase of a £135m shareholder loan taken out at the time of a £1bn corporate refinancing a year ago.Songbird was hit by the collapse of failed US investment bank Lehman Brothers two years ago, which resulted in it losing more than £50m in lost rent on its Bank Street offices. That contributed to an 85 per cent fall in underlying half-year profits to £13.1m in the six month period. Tags: NULL Sharelast_img read more

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Virgin chases US train deal

first_img Show Comments ▼ whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com Monday 15 November 2010 9:17 pm Virgin Group has joined the race to build and run the first high-speed railway line in the US.The transport operator, owned by Sir Richard Branson, has joined one of eight consortia bidding to operate the 168mph rail-link, set to open for bids early next year with a completion date slated for 2015.Virgin’s partners include Alstom and Vinci of France as well as Spain’s Obrascón Huarte Lain. National Express is also bidding for the contract as part of a team that includes Canada’s Bombardier and Kiewit of the US.The $2.6bn (£1.6bn) route will run between Tampa and Orlando in Florida – which Virgin already serves though with Virgin Atlantic, its long-haul airline. The first phase of the route from Tampa to Orlando International Airport is 84 miles long, with a stop at Disney World. The second stage of the link, a 240-mile line from Orlando to Miami, has not received stimulus funding but $8m is being invested in a feasibility study. Florida has secured $2bn of the $2.6bn budget from the government’s stimulus fund. The completion of the project would see US President Barack Obama also fulfill one of his transport priorities. Virgin chases US train deal Tags: NULLcenter_img KCS-content 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 TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.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.comBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health Share last_img read more

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CITY MOVES | WHO’S SWITCHING JOBS

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal 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 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 More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp whatsapp Sunday 16 January 2011 9:58 pm Sharecenter_img KCS-content Show Comments ▼ AllianceBernsteinThe global investment manager has appointed Wolfgang Kostner (pictured) to its distribution team. Having worked in London for Goldman Sachs Asset Management for nearly ten years in international marketing strategy, Kostner will now be based in Munich in his new role as vice president of strategic marketing and research. He will be concentrating on expanding services in Germany, Austria and Italy and will report to Georg Kyd-Rebenburg.Arbuthnot SecuritiesThe investment banking arm of Arbuthnot Banking Group has appointed two new natural resources analysts: Gavin Wood and Sam Wahab, with effect from the end of this month.Wood joins the company as a senior analyst with a focus on mining stocks. He has experience in the sector from similar roles at Evolution Securities and JP Morgan Cazenove. He has also worked in corporate development at Katanga Mining.Wahab will join as a junior analyst, dividing his time between assisting Wood with mining stocks analysis and Dougie Youngson on oil & gas. He has moved over to the company from PricewaterhouseCoopers.SWIPScottish Widows Investment Partnership has promoted Kevin Addison to head of wholesale.He has been at the company since 2008 and has previously worked at SWIP as head of discretionary sales. He will be based in the London office, reporting to John Brett. Addison formerly worked in sales at Gartmore.Williams de BroeDougal Fraser has joined the fund manager, which is part of the Evolution Group, as executive director and co-head of its London office, having left his job at BNP Paribas Wealth Management towards the end of last year.Fraser will be working alongside Andrew Butler-Cassar, the other co-head in London.Saunderson HouseThe financial advisory has appointed Lawrence Mason as associate director and investment advisor. He will take up his new role next week, having previouls been a wealth manager at Lloyds Private Bank. CITY MOVES | WHO’S SWITCHING JOBS Tags: NULLlast_img read more

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Jobless claims plummet in US

first_imgThursday 10 February 2011 8:12 pm KCS-content Show Comments ▼ whatsapp Share Tags: NULL whatsapp Jobless claims plummet in US More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Claims for unemployment benefit in the US fell to 383,000 in the week ending 5 February, it was revealed yesterday. The considerable drop (from 419,000 the previous week) surprised observers and was a two and a half year low – pointing to a firming undertone in the labour market as the economic recovery gathers momentum. Although the decline partially reflected the unwinding of a weather-related spike in late January, analysts said it was consistent with other indicators suggesting a strengthening jobs market. last_img read more

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Manufacturing PMI holds record high in February

first_img Share Tuesday 1 March 2011 5:30 am John Dunne whatsapp Show Comments ▼ Manufacturing growth held at a record level in February and factory costs stayed near January’s survey high, suggesting price pressures are continuing to build, a survey showed.The Markit/CIPS headline manufacturing Purchasing Managers’ Index (PMI) stood at 61.5 in February, unchanged from a downwardly revised 61.5 in January. That was the highest since the survey began in January 1992 and above the consensus forecast of 61.Signs of robust manufacturing growth and surging manufacturing costs could add to calls for the Bank of England to raise interest rates sooner rather than later to curb inflationary pressures.Consumer price inflation is running at double the central bank’s two per cent target and is set to rise further, while interest rates have been at a record low of 0.5 per cent since March 2009.“Input cost and output price inflationary pressures remain elevated, which may raise a further eyebrow amongst the members of the Bank of England’s Monetary Policy Committee,” said Rob Dobson, senior economist at Markit.The PMI’s input price sub-index’s reading of 83.7 was close to January’s revised survey high of 84.1 and was led by rising prices for raw materials such as cotton, energy and metals.Output prices rose for the 16th consecutive month in February to reach their highest rate since August 2008, with the steepest increases in chemicals, food and drink and timber.The PMI survey showed that employment in the manufacturing sector grew at a record pace in February.New orders in February eased slightly from a 16-year high in the previous month, although the reading was still among the highest in the survey’s history. Manufacturing PMI holds record high in February whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULLlast_img read more

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Polish industrial expansion slows

first_img Polish industrial expansion slows A troublesome day for the Polish central bank saw industrial growth slow to seven per cent while producer prices rose by 8.2 per cent (both year-on-year). An interest rate hike is expected in May. KCS-content Show Comments ▼ whatsapp 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 Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.com whatsapp Tuesday 19 April 2011 8:14 pm Tags: NULLlast_img read more

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