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NEWS - BUSINESS & ECONOMY

NEWS - BUSINESS & ECONOMY

UK industrial output rises for fifth straight month

June 11 ,2014 | by Sarah Parkin

UK industrial output rises for fifth straight month

Manufacturing in the UK is still showing signs of recovery, after ONS figures shows industrial production on the rise again.

The UK economic outlook has been improving of late, with a series of reports showing that activity is firmly on the rise. New figures from the Office for National Statistics (ONS) published yesterday, 10 June, show that April was yet another positive month for the manufacturing sector in particular.

According to the latest Index of Production estimates, manufacturing output rose by 0.4 per cent in April from the previous month, marking the fifth month of expansion in a row. But the annual rate of growth was even more impressive at 4.4 per cent.

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Post Office and Travelex run out of Brazilian Reals ahead of World Cup

June 06 ,2014 | by Sarah Parkin

Post Office and Travelex run out of Brazilian Reals ahead of World Cup

Two major foreign exchange suppliers, Travelex and the Post Office, have run out of Brazilian reals ahead of the World cup.

The World Cup is fast approaching, and with only a week left to go excitement is mounting within the UK and the rest of the world. It’s expected to pull in 3.7 million visitors to Brazil, just over half of whom will actually be attending events linked to the tournament.

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Queen’s Speech aims for business vote

June 06 ,2014 | by Sarah Parkin

Queen’s Speech aims for business vote

UK government uses the Queen’s Speech to unveil pro-business measures for the coming year.

It’s one of the highlights of the Westminster calendar, when the Queen descends on the House of Lords to unveil the government’s plans for the coming session.

Behind the pomp and ceremony of the most glamorous event that takes place in the Houses of Parliament, decision-makers have been working tirelessly on a list of measures that David Cameron described as “unashamedly pro-business”.

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UK customers spend less cash than ever as digital payments rise

June 03 ,2014 | by Hari Sri

UK customers spend less cash than ever as digital payments rise

Consumers are turning away from cash to use other means of payment, data shows.

Cash has been the principal method of payment in the UK for centuries, but the advent of new technologies means that this is slowly changing.

According to figures published yesterday by the British Retail Consortium (BRC), shoppers in the UK are actually using less cash than ever before as they turn to alternative payment methods. In fact, the proportion of sales transactions conducted in cash declined by 3.3 per cent last year compared to 2012. As a percentage of total sales turnover, cash transactions slipped by 4.5 per cent.

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From the world of business: May 2014 highlights

June 02 ,2014 | by Thiago Kiwi

From the world of business: May 2014 highlights

Welcome to our news round-up for May 2014. In this round-up of the most important business news from around the world, we point you to some of the biggest news stories that have had people talking during the past month.

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Argentina sets plans to repay $10 billion Paris Club debt

May 30 ,2014 | by Sarah Parkin

Argentina sets plans to repay $10 billion Paris Club debt

Argentina may have established a path back into the global community with a plan to settle its debts.

News has emerged that the Latin American country has reached an agreement with the Paris Club, an organisation which represents the creditor governments of industrialised countries.

The terms of the deal make clear that the nation will pay off some $10 billion in arrears over a period of five years, with the first repayment due in May 2015.

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Spain and Greece get higher credit ratings

May 27 ,2014 | by Sarah Parkin

Spain and Greece get higher credit ratings

Spain and Greece were among the eurozone countries that suffered the most during the recession. Both have had their credit ratings raised last week.

The past few years have seen many European economies take serious hits as a result of the economic downturn. But for Spain and Greece, news emerged on 23 May that may give their slow recoveries a much-needed boost – both have had their credit ratings upgraded.

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EU and US restart talks for transatlantic trade deal

May 27 ,2014 | by Sarah Parkin

EU and US restart talks for transatlantic trade deal

European Union (EU) and United States (US) officials are involved in a new round of talks to establish a huge new trade deal. After remarkable results in the latest European Parliament elections, what will this mean for businesses?

This week has seen the launch of a new wave of talks to create the biggest trade deal in history. Officials from the world’s two most developed economies, US and EU, are coming together to discuss the Transatlantic Trade and Investment Partnership (TTIP).

Both governments claim that TTIP would lead to huge economic benefits for each side. So what is this vast agreement and where could it lead?

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Big firms flock to be listed in London's stock exchanges

May 23 ,2014 | by Sarah Parkin

Big firms flock to be listed in London's stock exchanges

A raft of companies have announced plans to list in London over the past few days and weeks.

London has been a global financial centre for centuries, but the past few weeks have seen its status cemented as a wave of companies have announced that they plan to pursue initial public offerings (IPO) on London’s stock exchanges.

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Burberry continues global expansion with focus on Japanese growth

May 21 ,2014 | by Sarah Parkin

Burberry continues global expansion with focus on Japanese growth

After a strong set of financial results, Burberry has announced that it plans to continue focusing on achieving growth in Japan.

Burberry has become one of Britain’s most recognisable luxury brands in markets around the world. But now that it has put a troubling few years behind it with strong financial results, it plans to continue seeking out overseas growth.

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London Stock Exchange could buy Russell Investments in $3 billion deal

May 20 ,2014 | by Sarah Parkin

London Stock Exchange could buy Russell Investments in $3 billion deal

The London Stock Exchange (LSE) could be set to buy Russell Investments in a deal worth as much as $3 billion – the biggest in the exchange’s history.

Few entities have had as much significance in global finance as LSE, which has played a central role in money markets for more than two centuries. But today it has announced its intentions to stay at the forefront of global finance, after entering into $3 billion talks to acquire Russell Investments.

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AstraZeneca rejects ‘final offer’ for takeover by Pfizer

May 19 ,2014 | by Sarah Parkin

AstraZeneca rejects ‘final offer’ for takeover by Pfizer

AstraZeneca has rejected what Pfizer says is its “final offer” in their ongoing talks to acquire the UK firm. What next?

AstraZeneca and Pfizer have been trapped in a stalemate for the past couple of weeks over the US pharmaceutical firm’s bid to acquire its Anglo-Swedish rival. But it seems the UK firm is determined to remain independent, having confirmed that it has formally rejected Pfizer’s final proposal for acquisition.

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Retailers Carphone Warehouse and Dixons confirm £3.7 billion merger

May 16 ,2014 | by Sarah Parkin

Retailers Carphone Warehouse and Dixons confirm £3.7 billion merger

Carphone Warehouse and Dixons are to merge in a multi-billion pound deal, they have confirmed.

Two of Britain’s biggest retailers are planning a massive all-share merger valued at more than £3.7 billion. Carphone Warehouse and Dixons Retail have confirmed that they plan to establish a combined group known as Dixons Carphone PLC that will be equally owned by the shareholders of each of the two companies.

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UK factory output rises fastest since 2010

May 09 ,2014 | by Sarah Parkin

UK factory output rises fastest since 2010

UK factory output grew at the quickest pace in nearly four years in the first quarter of the year, ONS data shows.

After positive news emerged about UK manufacturing earlier this week, the Office for National Statistics (ONS) has published the latest figures demonstrating improvement across the sector.

The most recent Index of Production showed that factory output rose by 1.4 per cent in the UK over the first three months of this year – higher than the 1.3 per cent increase that was predicted last month and the fastest rate of quarterly improvement since 2010.

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Manufacturing grows and construction takes a hit in the UK

May 02 ,2014 | by Sarah Parkin

Manufacturing grows and construction takes a hit in the UK

New data shows that manufacturing kept growing last month, but construction fell.

Manufacturing kept growing in the UK last month, according to new data, but construction did not manage to equal its success.

The Markit/CIPS Purchasing Managers’ Index (PMI), published yesterday (May 1st), gave a score of 57.3 for the manufacturing sector in April, compared to a score of 55.8 obtained in March. That represented one of the strongest readings of the past three years – and since any figure over 50 indicates growth, it suggests that the UK’s manufacturers are performing well as the economy recovers.

Output jumped to

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From The World Of Business: April 2014 Highlights

May 01 ,2014 | by Sarah Parkin

From The World Of Business: April 2014 Highlights

Welcome to our news round-up for April 2014. In this round-up of the most important business news from around the world, we point you to some of the biggest news stories that have had people talking during the past month.

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Tube strike: the business impact

May 01 ,2014 | by Sarah Parkin

Tube strike: the business impact

Tube strikes have meant many Londoners having to go overground this week. How were businesses affected?

The second 48-hour strike this year has taken its toll on London’s commuters this week, but many businesses have also complained about the potential losses involved.

After the walk-out started at 20:30 BST on Monday (April 28th), the Tube network was reduced to limited services, with two lines not running at all. Extra buses and boat services were deployed to make the most of the capital’s roads and waterways.

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Why is Pfizer still pursuing AstraZeneca acquisition?

April 29 ,2014 | by Sarah Parkin

Why is Pfizer still pursuing AstraZeneca acquisition?

Pfizer has seen two previous bids to acquire AstraZeneca rejected by the company. Why is it making a third attempt?

US pharmaceutical company Pfizer Inc could be set to buy UK firm AstraZeneca Plc at a premium – on its third attempt. The world’s biggest drug group has announced that it has approached AstraZeneca twice already this year. But Pfizer’s proposition was rejected when the first overtures were made in January, and again when it renewed its interest on Saturday, 26 April, the company has confirmed.

...

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Uncertainty shadows the future of London’s iconic Gherkin building

April 28 ,2014 | by Hari Sri

Uncertainty shadows the future of London’s iconic Gherkin building

Years of defaults from one of its owners have put the Gherkin into receivership. What could happen to the famous building?

The Gherkin has been one of London’s most iconic landmarks ever since it was built a decade ago. But since one of its owners went into insolvency, the future of 30 St Mary Axe has been thrown into uncertainty.

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UK 2.5 per cent pay rises indicate strong salary growth

April 25 ,2014 | by Hari Sri

UK 2.5 per cent pay rises indicate strong salary growth

New figures show that employers awarded pay rises of 2.5 per cent in the first three months of the year, thus matching the rate of inflation in Britain.

The UK economy may be on the road to recovery, but until now many British workers have seen relatively little improvement in their finances at the end of each month. However, new data from research firm IDSPay.co.uk shows that wages are finally beginning to keep up with inflation.

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UK 2.5 per cent pay rises indicate strong salary growth

April 25 ,2014 | by Hari Sri

UK 2.5 per cent pay rises indicate strong salary growth

New figures show that employers awarded pay rises of 2.5 per cent in the first three months of the year, thus matching the rate of inflation in Britain.

The UK economy may be on the road to recovery, but until now many British workers have seen relatively little improvement in their finances at the end of each month. However, new data from research firm IDSPay.co.uk shows that wages are finally beginning to keep up with inflation.

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London Top Choice for European Businesses

April 17 ,2014 | by Sarah Parkin

London Top Choice for European Businesses

London is home to more companies’ European headquarters than any other city, according to new research from Deloitte. What keeps the capital so popular?

Most Londoners will say there’s something very special about the capital, but it seems that the world’s big businesses would agree with them. According to new research from Deloitte, London really is the business capital of Europe.

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UK earnings to surpass inflation: are people better off at last?

April 15 ,2014 | by Sarah Parkin

UK earnings to surpass inflation: are people better off at last?

Earnings are expected to increase faster than inflation when new figures are published this week. The squeeze on budgets in UK households is expected to show signs of easing when new figures are published.

Official data is expected to show that the average weekly earnings of a UK worker rose by 1.8 per cent in the three months up to February, Reuters reports. Since the last consumer price index (CPI) inflation measurements showed that prices had risen by 1.7 per cent, it seems wages are slowly beginning to rise in real terms.

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European firms prefer dividends over re-investing in businesses

April 11 ,2014 | by Sarah Parkin

European firms prefer dividends over re-investing in businesses

New analysis shows that companies across Europe are looking more at paying dividends than reinvesting in their operations.

From the moment a company considers pursuing an initial public offering (IPO), they know they are ceding some control to shareholders who will want to see returns on their investment. But in some companies around Europe in particular, new research has found that paying shareholder dividends is taking precedence over reinvesting cash in the business itself.

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Nissan Signs UEFA Champions League Deal

April 09 ,2014 | by Sarah Parkin

Nissan Signs UEFA Champions League Deal

UEFA has agreed a multimillion pound sponsorship deal with Nissan for the Champions’ League up to season 2017-18.

The UEFA Champions League is one of the biggest tournaments European football teams will compete in and draws some of the biggest viewing and attendance figures in the world. It’s easy to see why major companies view it as a great sponsorship opportunity, a chance to spread awareness of their brands on one of the sporting world’s biggest stages.

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