Tag: orders

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 | 0 Comments More
RBS offloads Spanish property portfolio

RBS offloads Spanish property portfolio

The Royal Bank of Scotland (RBS), which is 83% owned by the taxpayer, has today announced it has agreed to sell a portfolio of Spanish real estate loans and assets to Perella Weinberg Real Estate Fund I LP, in a deal worth £247 million (€286 million). RBS has been selling assets under the orders of [...]

March 23, 2011 | 0 Comments More
RBS offloads Priory Group for £925m

RBS offloads Priory Group for £925m

The Royal Bank of Scotland (RBS), which is 83% owned by the taxpayer, has today announced it has agreed to sell the Priory Group - the care home and clinic renowned for treating celebrities. The bank has offloaded the business to private equity firm, Advent International, in a deal worth £925 million. RBS has been [...]

January 18, 2011 | 0 Comments More
RBS looking to sell Spanish commercial property portfolio

RBS looking to sell Spanish commercial property portfolio

The Royal Bank of Scotland (RBS), which is 83% owned by the taxpayer, is understood to be looking at selling a £1 billion Spanish property loan portfolio, as it looks to offload unwanted assets. The speculation comes as the bank has been selling assets under the orders of the European Commission, as a punishment of [...]

October 18, 2010 | 1 Comment More
Japan core machinery orders in surprise rise

Japan core machinery orders in surprise rise

Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending - surged 10.1% in August - confounding expectations of a 4.5% fall. The increase in orders represented the third consecutive monthly rise, according to the Cabinet Office, and follows June’s 1.6% increase and July’s 8.8% growth. The surprise [...]

October 13, 2010 | 0 Comments More
RBS axes further 500 jobs

RBS axes further 500 jobs

It has been reported that the Royal Bank of Scotland (RBS) is axing approximately 500 administrative jobs at its investment banking division. The bank, which is 84% owned by the taxpayer, has axed around 26,000 jobs since the onset of the financial crisis. In a statement today, the bank said: “We continue to make efficiencies [...]

September 27, 2010 | 0 Comments More
Santander to acquire Williams & Glyn’s network from RBS

Santander to acquire Williams & Glyn’s network from RBS

It has been reported that Spanish banking giant, Santander, is set to acquire the 318 Williams & Glyn’s network of branches from the Royal Bank of Scotland (RBS). According to the Financial Times and Times newspapers, RBS, which is 83% owned by the Government, is expected to confirm the deal later today. However, the deal [...]

August 3, 2010 | 0 Comments More
US factory orders up 1.2% in April

US factory orders up 1.2% in April

The Commerce Department reported a rise in US factory orders, suggesting the US economy is continuing to grow strongly. According to the Commerce Department, orders for manufactured goods grew 1.2% in April, easing slightly from the 1.7% rise in March. The manufacturing sector has been one of the strongest performers, boosted by the recovery in [...]

June 4, 2010 | 0 Comments More
German factory orders see unexpected fall in October

German factory orders see unexpected fall in October

The Economy Ministry in Berlin has today revealed a fall in German factory orders for the month of October. The monthly fall of 2.1% was the first in eight months and came as a surprise after analysts had expected the recent rise in orders to continue. The fall was led by a slump in export [...]

December 7, 2009 | 0 Comments More
More positive news for US economy

More positive news for US economy

The Commerce Department has today revealed a rise in orders for US durable goods and an increase in new home sales in the world‘s largest economy. Orders for US goods (expected to last several years) rose 4.9% in July - the most since July 2007 and exceeded analysts expectations of a 3% gain. Orders for [...]

August 26, 2009 | 0 Comments More
Rise in UK manufacturing activity

Rise in UK manufacturing activity

There is some good news for the economy today after a rise has been reported in manufacturing activity. For the first time in almost 18 months, there was a growth in activity, benefiting unexpectedly from an influx of new orders - the fastest since November 2007. The headline manufacturing purchasing managers’ index (PMI) rose from [...]

August 3, 2009 | 0 Comments More
60,000 orders placed for UK’s car scrappage scheme

60,000 orders placed for UK’s car scrappage scheme

June 15, 2009 | 0 Comments More
UK manufacturing contracts at slowest pace in a year

UK manufacturing contracts at slowest pace in a year

The latest CIPS/Markit purchasing managers’ index (PMI) has revealed some good news for Britain’s manufacturing industry today after a rise was noted in new manufacturing orders. According to the PMI, new manufacturing orders increased to a 14-month high, while UK manufacturing contracted at its slowest pace in a year in May. May marked the third [...]

June 1, 2009 | 0 Comments More
US durable goods up 3.4 percent

US durable goods up 3.4 percent

Last month saw an unexpected rise in the number of orders for US durable goods having rebounded by 3.4 percent following an increase in demand for machinery and defence goods, the Commerce Department announced Wednesday. After six consecutive declines, February’s increase is the sharpest since August 2005 and is well above the 1.2 percent decline [...]

March 27, 2009 | 0 Comments More
European factory orders slump, German confidence at 26-year low

European factory orders slump, German confidence at 26-year low

Figures from Eurostat have revealed a sharp fall in European industrial orders for the month of December. The official figures show that new industrial new orders in the euro zone fell 5.2% compared with November and 22.3% compared with December 2007. The drop was attributed, in part, to fewer orders for machinery and electronic equipment. [...]

February 24, 2009 | 0 Comments More
US new home sales drop/factory orders tumble

US new home sales drop/factory orders tumble

There is more bad news for the US economy today as the Commerce Department revealed that new home sales fell by 14.7% last month. Meanwhile, for the full 2008 year, sales fell by 37.8% to 482,000 homes - the fewest since 1982, when 412,000 homes were sold. However, on a positive note, while sales of [...]

January 29, 2009 | 0 Comments More
UK manufacturers’ orders slump further

UK manufacturers’ orders slump further

January 22, 2009 | 0 Comments More