Category Archives: Economy

Climate change research sound, chief UK scientist says

The UK government’s chief scientist says his confidence in climate science remains unshaken despite allegations about the withholding of research data. Professor John Beddington told the......

Economic Recession to bring out Winners- Matsumoto

“When every one is in recession, grow your markets, serve your customers better and invest in people and technology. A contrarian approach may yield great results when your competitors are on co......

Council criticised over cuts plan

A county council planning to axe jobs and cut budgets to save £100m has come under fire for failing to consult before making the announcement. Robin Palfrey, of the Unison union representing sta......

Sales dip at ‘cautious’ WH Smith

Retailer WH Smith has said it remains “cautious” about trading after reporting a fall in sales. In the 10 weeks to 7 November, like-for-like sales at its High Street outlets – ......

China ‘boosts East Asian growth’

The World Bank has upped its 2009 growth forecast for China from 7.2% to 8.4%, but says the nation needs to encourage more consumer spending. The Washington-based body also raised its projection......

Low oil prices hit Total profits

Total has blamed lower oil prices and tight refining margins for a 54% drop in third-quarter net profits. In the three months to September, the French oil giant’s profits reached 1.9bn eur......

Jaguar to shut one Midlands plant

Jaguar Land Rover has said it will close one of its West Midlands plants by the middle of the next decade. The firm is considering the closure of either its Castle Bromwich plant in Birmingham o......

Growth in Chinese manufacturing

China’s manufacturing sector grew in October at its fastest rate in 18 months, a survey has suggested. The purchasing managers index (PMI) from the state-sanctioned China Federation of Log......

Next: ‘No Armageddon On The High Street’

High street fashion chain Next has improved its profit forecast for the third time in five months after announcing a £185m half yearly profit. Next said the recession has not been a bad as feare......