Tag: investment

SMMT: UK car production up in August

SMMT: UK car production up in August

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 […]

September 23, 2011 More
Small UK manufacturers swamped with orders

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 […]

May 4, 2011 More
CBI calls for economic growth focus

CBI calls for economic growth focus

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 […]

March 7, 2011 More
Indonesia’s economy expands at fastest rate since 2004

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 […]

February 7, 2011 More
FSA fines Barclays £7.7m

FSA fines Barclays £7.7m

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 […]

January 18, 2011 More
Brazil to become fifth largest economy within five years

Brazil to become fifth largest economy within five years

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 […]

December 29, 2010 More
UK car production up in October

UK car production up in October

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% […]

November 18, 2010 More
UK car production up in September

UK car production up in September

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 […]

October 21, 2010 More
CBI against breaking up big banks

CBI against breaking up big banks

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 […]

October 11, 2010 More
Property rich retired Britons ripe for equity release

Property rich retired Britons ripe for equity release

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 […]

September 9, 2010 More
Trading “buoyant” for UK manufacturers

Trading “buoyant” for UK manufacturers

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 […]

September 6, 2010 More
Number of second homeowners soar to record levels

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 […]

August 18, 2010 More
Green entrepreneur to buy Forest Green FC

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 […]

August 4, 2010 More
Government supports climate change with electric car investment

Government supports climate change with electric car investment

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 […]

July 28, 2010 More
Social enterprises avoid capital injections

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 […]

July 26, 2010 More
Chancellor Osborne unveils simpler tax system

Chancellor Osborne unveils simpler tax system

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 […]

July 20, 2010 More
Chancellor Osborne to unveil simpler tax system

Chancellor Osborne to unveil simpler tax system

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 […]

JP Morgan Chase profits exceeds expectations

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 […]

July 15, 2010 More
Google’s secret $100m flutter on gaming

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 […]

July 12, 2010 More
500 further jobs set to go at RBS

500 further jobs set to go at RBS

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 […]

June 2, 2010 More