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RBS kicks off £1bn Priory sale

Posted On Sep 4 2021 by

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmHero WarsBig Boss of internet games!Hero Warsmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.com whatsapp Tuesday 24 August 2010 8:43 pm RBS kicks off £1bn Priory sale Royal Bank of Scotland has started the sale of the Priory Group, the mental-health specialist which it hopes could fetch about £1bn. RBS, which is being advised by Rothschild, has given bidders until mid-September to submit indicative offers. RBS abandoned plans to list Priory earlier this year. Advent International, Bain Capital, Blackstone Group, Carlyle Group, Cinven and KKR are thought to be preparing bids. center_img Share KCS-content whatsapp 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily 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


RBC plans for growth as hits City century

Posted On Sep 4 2021 by

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan whatsapp Tags: NULL KCS-content Share Show Comments ▼center_img RBC plans for growth as hits City century Wednesday 8 September 2010 7:47 pm ROYAL BANK OF CANADA (RBC) is looking to expand its wealth management and investment banking arms as it celebrates its 100th anniversary in the City of London.RBC, Canada’s largest company by revenue, is hiring bankers to push its private client business in the Middle East and Eastern Europe. It also plans to bolster its investment bank by bringing in more staff for equity capital markets, fixed income and currency trading in Europe and Asia.Pauline Egan, London head of RBC Wealth Management, said: “Four years ago our wealth management business employed 70 people and today we have almost 180. What we think stands out is the strength and stability of our name. We are a secure bank and we have come through the financial crisis in good shape.”Egan’s comments came as senior RBC figures raised a glass to a century in the Square Mile. The institution, founded in Nova Scotia in 1864, opened its first UK office on Princes Street in September 1910 with four employees. The group now has around 1,400 staff in the City in total.RBC, which manages C$240bn (£146.9bn) of client assets globally, has hired 1,100 people around the world in the past 12 months.Despite a tightening regulatory environment and the impending annual levy on banks’ balance sheets, chief executive John Burbidge used the opportunity to affirm the organisation’s enthusiasm for the UK. He said: “RBC remains committed to London and to growing our franchise across Europe and Asia, where we see significant opportunities.”FAST FACTS | royal bank of CanadaThe lender began as the?Merchants Bank, financing the fishing and timber industries of Halifax, Nova Scotia, in the 1860s.Between 1995 and 2001, then-boss John Cleghorn turned RBC into a multi-services bank. Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapplast_img read more


Government fails business expectations

Posted On Sep 4 2021 by

first_img whatsapp Government fails business expectations KCS-content Sunday 12 September 2010 10:45 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Show Comments ▼ center_img Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily 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 THE government has failed to meet the expectations of entrepreneurs, according to a new poll.The survey of more than 390 business owners conducted by RSM Tenon reveals a ten per cent drop in the number of business owners who believe the government is supporting them. Two weeks after the general election, 52 per cent of entrepreneurs felt the new government would support businesses with just 18 per cent believing they would be left unsupported. Three months on 40 per cent believe the coalition government has so far failed to support them compared with 42 per cent who feel it has.Nearly half (48 per cent) want a government u-turn on VAT, keeping the rate at 17.5 per cent. Meanwhile, 42 per cent of business leaders want to see a reduction in National Insurance and a third (35 per cent) want to see government incentives to increase the availability funding. Three quarters of company bosses also indicated they would freeze employee pay again this year. whatsapp Tags: NULLlast_img read more


Gold surges to fresh high as investors seek safety

Posted On Sep 4 2021 by

first_img Gold surges to fresh high as investors seek safety whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller 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.org KCS-content Gold hit record highs above $1,270 an ounce yesterday in its biggest one-day rally in four months, as the US dollar declined broadly after upbeat data failed to convince investors to shift into risk-linked assets.Gold is now on course for a 15 per cent gain in 2010, fuelled largely by investor nervousness that stemmed from the fallout from the Eurozone debt crisis and from economic data that has suggested global economic growth may be losing momentum.Spot gold was at $1,269.65 an ounce by mid-afternoon, up from $1,245.25 the day before, having hit a record high of $1,271.20 earlier in the session. US gold futures for December delivery were last up $24.3 an ounce at $1,271.20.“It’s continuing the trends that we’ve seen through this year,” said Tom Kendall at Credit Suisse. Share Show Comments ▼ Tuesday 14 September 2010 9:08 pm Tags: NULL whatsapplast_img read more


WHAT THE OTHER PAPERS SAY THIS MORNING

Posted On Sep 4 2021 by

first_img whatsapp FINANCIAL TIMESBLACKSTONE QUITS LIVERPOOL TALKSThe credit unit of Blackstone, which had been mooted as a possible leader of a £280m ($436m) refinancing of Liverpool Football Club, has pulled out of talks with its owners in a potential setback in their attempt to keep control of the company. People close to the situation said the unit of the US private equity company, called GSO Capital Partners, had considered the transaction but had decided against proceeding last week.HAIKE PUSHED INTO THE REDShares in Haike Chemical fell almost 57 per cent after the Chinese petrochemicals company dropped $21m (£13.5m) into the red in the first half. Haike, which has lost three of its five non-executive directors this year, signalled the losses in June when it reported a pre-tax loss of $1.8m on revenues of $591.3m for 2009.L’ORÉAL ENDS CONTRACTS TO BETTENCOURT’S FRIENDL’Oréal has abruptly ended consultancy contracts it had awarded to the controversial photographer friend of lawyered by David HooperLiliane Bettencourt, the 87-year-old daughter of the cosmetics group founder and its biggest shareholder. The Paris-based company terminated Francois-Marie Banier’s consultancy contracts, including a 10-year €4m ($5.2m) artistic contract, because media attention “was such that their continuation would have been damaging for L’Oréal,”SAHARA IN TALKS TO RESCUE MGMSahara India Pariwar, an Indian media-to-sports conglomerate controlled by billionaire industrialist Subrata Roy, is in talks to rescue Metro-Goldwyn-Mayer, the debt-ridden Hollywood studio, in a move that would deepen ties between Bollywood and Hollywood.THE TIMESTRAVELZEST FEUD LAID BAREBrotherly love is in short supply at Travelzest, the AIM-listed holiday group, which faces legal claims totalling about £5m. The company, best known for its ownership of Peng Travel, Britain’s biggest naturist tour operator, is being sued for wrongful dismissal by Edward and Shane Carroll — respectively father and brother of its chief executive Jonathan Carroll. SPAIN LOOKS FOR SUPPORT FROM WALL STREETThe Spanish Prime Minister will meet key Wall Street investors today in an effort to convince them that his Government’s austerity reforms are enough to drag Spain out of recession. Jose Luis Rodriguez Zapatero will attempt to explain how the socialist government is aiming to reduce the country’s deficit. Monday 20 September 2010 9:31 pm The Daily TelegraphPHARMA GIANTS TO WORK TOGETHERThe UK’s pharmaceutical giants are gradually shedding their secretive mindset and sharing experimental compounds with other organisations in a bid to develop more effective medicines, according to one of AstraZeneca’s most senior scientists. A chief scientist at Astra will say collaborating with other companies could help deliver cost-effective medicines.FACEBOOK DENIES SMARTPHONE PLANFacebook has denied several reports that it is developing a smartphone, in a move which would up the competition between itself and major rivals, Google and Apple. Reports yesterday alleged that Facebook is developing smartphone software. Yesterday TechCrunch, a technology site, ran a saying the company was developing mobile phone software.WALL STREET JOURNALPROXY FIRM SIDES WITH BURKLEIn a potential blow to Barnes & Noble, the US’s largest proxy advisory firm, Institutional Shareholder Services, is backing billionaire investor Ronald Burkle’s slate for the book retailer’s board. “Based on deteriorating operating performance, poor shareholder return, less-than-enthusiastic analyst recommendations, inadequate transparency, we believe the dissidents have demonstrated a compelling case that change is warranted,” it said. EUROPEAN STABILITY FUND GETS TRIPLE-A RATINGSThe European Financial Stability Facility — the vehicle that will issue guaranteed debt to raise money for euro-zone member countries that can’t borrow in the markets — has received the key triple-A credit ratings that should give it access to low-cost funding. Share Tags: NULL KCS-content center_img WHAT THE OTHER PAPERS SAY THIS MORNING whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼last_img read more


High street sales jump

Posted On Sep 4 2021 by

first_img THE British high street enjoyed a surprisingly healthy September, according to the CBI’s distributive trades survey with the balance of retailers reporting that sales were higher compared to a year earlier rising to the highest level since May 2004. A net 49 per cent said that sales volumes were greater than a year earlier thanks to the bank holiday weekend, the final discounting in the summer sales, and the launch of autumn fashion ranges.Household consumption growth gave GDP growth a major boost in the second quarter, with the headline growth figure confirmed at 1.2 per cent yesterday. “The CBI survey suggests that retail spending has remained firm in the third quarter, and is supportive of the view that consumer demand is solid, notwithstanding concerns about government cuts,” said Barclays Capital’s Simon Hayes.Retailers remained as optimistic about the outlook for October but some economists warned that households could not finance consumption by running down the amount they save forever. whatsapp Tuesday 28 September 2010 10:51 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp Share KCS-content Tags: NULL Show Comments ▼ High street sales jump last_img read more


CITY VIEWS: WHICH DEVICE DO YOU THINK WILL WIN THE TABLET WARS?

Posted On Sep 4 2021 by

first_imgTuesday 28 September 2010 10:36 pm KCS-content Share whatsapp ALEX GADEMANN | FOREX.COMI already own an iPad. It was the first time I bought an apple and I bought it because of the novelty. If you put me in the same place with the two products I would definitely look at what Blackberry has to offer.SARAH RICKWOOD | AVIVAI have a Blackberry and iPhone but I feel the iPhone is easier to use so I would probably look for an iPad over the Blackberry. If it was cheaper I would look at the pros and cons and maybe go with the Blackberry. GRANT ROBERTSON | LIBERTY LIVINGYou get the Apple fanboys who will buy anything that has the Apple logo stuck on it, but if people can produce the right device at the right price and make it a bit more open source that could change things. Show Comments ▼ whatsapp Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof CITY VIEWS: WHICH DEVICE DO YOU THINK WILL WIN THE TABLET WARS? last_img read more


Inchcape lifts guidance but still plans to shed 500 jobs

Posted On Sep 4 2021 by

first_img Show Comments ▼ More From Our Partners Police 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content whatsapp Inchcape lifts guidance but still plans to shed 500 jobs The company also said it would sell 10 dealerships.Inchcape, which employs about 14,300 people and sells and distributes cars for manufacturers including BMW and Mercedes-Benz, said it would take an exceptional restructuring charge of £18m in the fourth quarter. Third-quarter sales were slightly ahead of group expectations, driven by a strong recovery in Hong Kong, Australia and South America. Sharecenter_img CAR dealer Inchcape plans to cut 500 jobs due to a tough ongoing conditions in four of its markets, although 2010 profits will come in slightly ahead of its expectations.“Given the challenging outlook in 2011 for new car demand in four of our markets, namely the UK, Greece, Belgium and Singapore, we plan to reduce our cost base by £25m,” the firm said yesterday. Thursday 21 October 2010 7:54 pm whatsapp Tags: NULLlast_img read more


BarCap to cut hundreds of London jobs

Posted On Sep 4 2021 by

first_img BARCLAYS Capital has confirmed plans to shed hundreds of jobs in its UK office even as the firm continues to hire in growth hotspots in Asia.Both front and back office jobs are set to go as the firm cuts down on costs in line with a fall in revenues this year. BarCap – the investment banking division run by incoming Barclays chief executive Bob Diamond – said yesterday that it had begun a 90-day consultation period that will allow it to reduce its headcount, a process only required if a company plans to cut more than 100 workers. The firm has had a difficult year, with revenues dropping off in a slow market for investment banks. Its income was down 14 per cent in the third quarter to £2.8bn, having already fallen 15 per cent during the previous quarter. However, the UK office is the only one currently slated for job cuts globally. The firm had already cut 300 jobs in August but overall added 2,000 workers in the first half of 2010 to fill places in its new equities advisory division.Hiring is expected to continue as normal “across those parts of business that are growing”, the firm said in a statement. Growing areas include fixed income, commodities and equities and advisories, but headcount is likely to expand at a slower pace than during 2010.Tim Hedger, deputy managing director of City recruiting firm Marks Sattin, said that although finance jobs are overall being added in London, the Asian job market is much more vibrant. “The UK is failing to keep pace with global rival, Singapore,” said Hedger, pointing to the market for skilled accountants.“In Singapore [it] is burning white-hot: the average salary rise has hit 20 per cent this year, although we have seen rises of 50 per cent offered to tempt departing accountants to stay at the firm,” he added. Show Comments ▼ 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 NowMoneyPailSerendipity 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking 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 Proof BarCap to cut hundreds of London jobs center_img Wednesday 1 December 2010 9:25 pm KCS-content whatsapp Share Tags: NULLlast_img read more


CBI’s factory orders index hits two-year high

Posted On Sep 4 2021 by

first_img Show Comments ▼ alison.lock whatsapp Wednesday 8 December 2010 7:22 am whatsapp 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 NowMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Tags: NULL BRITISH factory orders looked to be their strongest in two and a half years after a surge in overseas demand, the Confederation of British Industry’s December industrial trends survey has showed.The CBI survey’s total order book balance unexpectedly jumped this month to -3 from -15 in November, well above economists’ forecasts of a reading of -13 and its highest since June 2008.The export order book balance also rose to +4 from -7, its highest in 15 years. The indexes are normally in negative territory.“These figures show that the recovery in the manufacturing sector is well underway. With total order books getting back to normal levels and overseas demand particularly strong, the outlook for UK manufacturing output growth is encouraging,” said CBI chief economic advisor Ian McCafferty.Howard Archer, chief economist at consultancy HIS Insight, said the results were “excellent.” The improvement in export orders showed that sterling weakness “is currently increasingly feeding through to support foreign demand for UK manufacturers,” he said.“Manufacturers have largely benefited through 2010 from healthier demand both at home and overseas, improved competitiveness in both domestic and foreign markets stemming from the weak pound and a major rebuilding of stocks after they had been slashed during the recession,” he added.Yet both he and McCafferty flagged concerns over rising cost pressures on firms. The survey index showed a net balance of +16 per cent of manufacturers expected to raise domestic prices in December to pass on rising input costs.“With oil and other commodity prices rising, cost pressures will remain a concern,” McCafferty said.The domestic price expectations index held broadly steady at +16 versus +17 in November. Share Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof CBI’s factory orders index hits two-year high last_img read more