Page Group warns of lower profits amid economic uncertainty July 10, 2019 Recruiter Page Group today warned that global economic uncertainty will hurt profits this year, sending shares 10 per cent lower in early trading. Challenging macro-economic conditions will send 2019 operating profit down to £161.1m, with the company previously hoping to hit as high as £168m. Read more: Page Group CEO takes leave of absence after [...]
Exclusive: UK companies complacent on productivity, survey shows July 10, 2019 Nearly two-fifths of large UK companies called their productivity levels “very concerning” but big firms are investing only 0.25 per cent of their annual turnover to remedy the problem, new research has revealed. Read more: UK productivity drops for third quarter in a row A survey by the Centre for Economics and Business Research (CEBR) [...]
German factories set to cut workers’ hours to cope with downturn July 9, 2019 The number of German factories shortening their employees’ working hours to cope with the country’s economic slowdown is expected to rise significantly over the next three months, the Ifo Institute think tank has said. Read more: German malaise continues as factory orders tumble Almost four per cent of Germany’s manufacturing sector has in recent months [...]
British businesses attack post-Brexit immigration policy July 9, 2019 Over half of British business with staff from abroad would be hurt by government proposals that skilled migrant workers would have to earn £30,000 to get a UK visa after Brexit, a survey has shown today. Read more: ‘Low growth economy’: Brexit uncertainty plagues business investment Meanwhile almost 60 per cent of employers said they [...]
UK must prepare for a ‘low growth economy’ as Brexit uncertainty plagues business investment July 8, 2019 Investment in British business is set to suffer in 2019 as prolonged uncertainty surrounding Brexit tightens its grip on the willingness to commit to major projects, a leading forecaster has said. EY’s Item Club, which uses the Treasury’s model of the UK economy, says that business investment will contract 1.6 per cent – a decline [...]
Labour will split up Treasury and move half north, vows John McDonnell July 7, 2019 John McDonnell would break up the Treasury and move a large chunk of it to the north of England if Labour came to power, the shadow chancellor confirmed today. Read more: John McDonnell dismisses claims of civil war at top of Labour He said on the BBC’s Andrew Marr show that locating decision-makers and administrators [...]
US stock markets open down on interest rate worries July 5, 2019 US stock markets opened in the red after stronger-than-expected jobs figures cast doubt on expectations of an interest rate rise this month. Read more: Fed rate cuts in question as US job gains defy expectations Non-farm payroll data showed the US economy added 224,000 jobs in June. Economists had expected 160,000 new jobs. Before the [...]
Fed rate cuts in question as US job gains defy expectations July 5, 2019 The US economy defied expectations and added 224,000 jobs in June, according to official figures, after adding just 75,000 in May. Read more: Global stock markets rise after positive noises from US economy The rise in the non-farm payroll was significantly higher than the 160,000 figure economists had predicted. But the unemployment rate ticked up [...]
UK productivity drops for third quarter in a row as crisis continues July 5, 2019 UK productivity fell for the third successive quarter in the first three months of the year, according to official figures released today, as Britain’s productivity crisis rumbled on. Read more: Urgent action needed to tackle stagnating productivity, economists warn Labour productivity – output per hour worked – fell by 0.2 per cent year on year [...]
German malaise continues as factory orders tumble July 5, 2019 Germany’s economic woes continued this morning as official statistics showed new orders in manufacturing plunged by 2.2 per cent in May compared to the previous month. Read more: German think tank says receding manufacturing sector damaging growth The figure was much worse than the 0.1 per cent fall economists were expecting, and raises fresh worries [...]
