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News Tag: investment

September 23, 2011

SMMT: UK car production up in August

by Kay Mitchell
”SMMT:
Figures published by the Society of Motor Manufacturers and Traders (SMMT) revealed a strong rise in UK car production for the month of August. UK car production rose 10.7% in August versus the same month a year ago, the SMMT said, with the total number of cars produced at 86,250. Furthermore, for the year-to-date, car production is 4.4% higher than in the ...




May 4, 2011

Small UK manufacturers swamped with orders

by Gill Montia
Small UK manufacturers swamped with orders
The UK’s small and medium-sized manufacturers have seen the volume of orders at home and abroad grow at the fastest rate in 16 years, according to the latest Confederation of British Industry (CBI) SME Trends Survey. Headcount increased for the third consecutive quarter as firms tried to keep up with demand, and output is expected to rise again in the coming ...




March 7, 2011

CBI calls for economic growth focus

by Kay Mitchell
”CBI
The Confederation of British Industry (CBI) is urging Chancellor George Osborne to provide a "relentless focus" on economic growth and job creation when he presents his annual budget later this month. In a letter to the Chancellor, the business lobby group said action must be taken in order to boost the economic recovery. Over recent months, many business groups and economists have ...




February 7, 2011

Indonesia’s economy expands at fastest rate since 2004

by Kay Mitchell
Indonesia's economy expands at fastest rate since 2004
Indonesia, which is Southeast Asia's largest economy, experienced growth of 6.1% in 2010 compared with the previous year. This represented the fastest annual rate for six years - boosted by consumer spending and investment. The figures made it among the best performers in the G20 developing countries and the economy is now on track to see growth of 6%-6.5% in 2011. Meanwhile, ...




January 18, 2011

FSA fines Barclays £7.7m

by Kay Mitchell
”FSA
Banking giant Barclays has received a fine of £7.7 million - imposed by the Financial Services Authority (FSA) over poor investment advice. The City Watchdog has also ordered the bank to compensate up to £60 million to customers of two investment funds. The bank has apologised for the failures and said it will "put things right." The fine comes just a week after the Royal Bank ...




December 29, 2010

Brazil to become fifth largest economy within five years

by Kay Mitchell
”Brazil
Brazil appears to be bucking the trend after creating 1.3 million jobs last year - when other economies have battling with rising unemployment. The economy has been going from strength to strength, growing by an annualised rate of 5%. The country’s labour minister expects to create a further 2 million jobs in 2010 and, as a result, President Luiz Inacio ...




November 18, 2010

UK car production up in October

by Kay Mitchell
”UK
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production for the month of October. UK car production rose 6% versus the same month a year ago, the SMMT said with the total number of cars produced at 112,798. For the year-to-date, car production is 31% higher than in the same period last ...




October 21, 2010

UK car production up in September

by Kay Mitchell
”UK
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production for the month of September. UK car production rose 5.8% against the same month a year ago, the SMMT said. For the year-to-date, car production is 35% higher than in the same period last year, the Society added. Meanwhile, it was strong month for ...




October 11, 2010

CBI against breaking up big banks

by Kay Mitchell
’CBI
Employers’ group, the Confederation of British Industry (CBI) has today said it is against existing banking giants being broken up. The comments from the CBI come just a few weeks after Britain's Independent Commission on Banking (ICB) said it was looking at ways to increase competition and choice among high street banks. One option could see existing banking giants broken up and new ...




September 9, 2010

Property rich retired Britons ripe for equity release

by Gill Montia
”Property
Retired British homeowners have total property wealth of up to £775 billion, according to equity release firm, Key Retirement Solutions, with research also suggesting they have gained a collective £7.94 billion in the past three months alone, despite the fragility of the UK housing market. The biggest winners over the summer months were retired homeowners in Scotland, who gained around ...




September 6, 2010

Trading “buoyant” for UK manufacturers

by Gill Montia
Trading
Britain’s manufacturers are continuing to report "buoyant trading conditions" on the back of rising demand in overseas markets, according to a joint study from trade organisation, EEF, and accountancy firm BDO LLP. In their latest "Manufacturing Outlook" report, the pair suggest that the recovery begun at the end of last year has been sustained, with output and order balances reaching record levels for ...




August 18, 2010

Number of second homeowners soar to record levels

by Kay Mitchell
Number of second homeowners soar to record levels
Research by estate agent Knight Frank has found the number of second homeowners in England has soared to a record level of almost a quarter of a million. According to the estate agent, a change in holiday plans mean an increasing amount of buyers believe that a second home is “an investment, rather than a luxury”. These second homeowners are said ...




August 4, 2010

Green entrepreneur to buy Forest Green FC

by David Masters
Green entrepreneur to buy Forest Green FC
Eco-tycoon Dale Vince is poised to take over cash-strapped football club Forest Green, according to media speculation. Vince, 48, built his £85 million empire on wind power, making him Britain's wealthiest green entrepreneur. He is understood to have met up with Forest Green's executives, including chairman David Drew, operations director Colin Peake and manager Dave Hockaday to discuss a potential takeover. The football ...




July 28, 2010

Government supports climate change with electric car investment

by Kay Mitchell
”Government
Earlier this month, Business Secretary Vince Cable warned that the UK’s car industry will not receive any further funding from the Government but said it would consider investing in measures which would reduce emissions from cars and to help transform the UK into a low carbon economy. As a result, the Government has today unveiled it will support this area ...




July 26, 2010

Social enterprises avoid capital injections

by David Masters
Social enterprises avoid capital injections
A £3m fund designed to help social enterprises expand has closed after making only one investment in two years. Triodos, the bank operating the fund, said most social enterprises are not yet ready for large capital injections. "The recession is having an impact," said Charles Middleton, Triodos UK managing direction. "But our experience was mainly not finding the number of social enterprises that were ready ...




July 20, 2010

Chancellor Osborne unveils simpler tax system

by Kay Mitchell
’Chancellor
As expected, Chancellor George Osborne has today revealed plans to simplify the UK tax system, in a bid to encourage investment and stimulate economic growth. The Chancellor said the "spaghetti bowl" of UK tax law will be simplified and said: “The previous government took a complex tax system and made it even worse. A decade of meddling and intervening has made ...




Chancellor Osborne to unveil simpler tax system

by Kay Mitchell
”Chancellor
Chancellor George Osborne will today reveal plans to simplify the UK tax system, in a bid to encourage investment and drive economic growth. Since coming to power, the coalition Government has argued that the UK tax system is too complicated and has been proposing to make it simpler. Mr Osborne is set to announce that the Government will establish an Office ...




July 15, 2010

JP Morgan Chase profits exceeds expectations

by Kay Mitchell
JP Morgan Chase profits exceeds expectations
Wall Street banking giant JPMorgan has kicked off the banking reporting season today with better-than-expected second quarter profits - due to better credit conditions. The bank reported net income of $4.8 billion (£3.1 billion) - a 75% increase on the $2.7 billion reported in the same period a year ago. Today’s figures from JP Morgan will no doubt raise hopes that other lenders ...




July 12, 2010

Google’s secret $100m flutter on gaming

by David Masters
Google's secret $100m flutter on gaming
Google has secretly invested over $100 million in online gaming company Zynga, it has emerged. If the reports are true, the investment represent's the search engine giant's first major foray into web gaming. Zynga is responsible for some of the best-known online games, including Farmville and Mafia Wars on social networking site Facebook. The investment could see a rapid expansion of Google's gaming service, ...




June 2, 2010

500 further jobs set to go at RBS

by Kay Mitchell
”500
Royal Bank of Scotland (RBS), which is 84% state-owned, has today announced it will axe a further 500 positions within its wealth management division, as part of its three-year restructuring plan. Since its bailout at the height of the financial crisis, the bank has shed approximately 23,100 jobs and today’s announcement comes less than a month after the bank ...