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Greggs issues warning over wheat price surge

first_img whatsapp Tuesday 10 August 2010 8:34 pm KCS-content whatsapp More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Show Comments ▼ Tags: NULL Greggs issues warning over wheat price surge Share HIGH street bakery Greggs yesterday warned that customers could be facing price rises as a result of the soaring cost of wheat.The company said the price of its bread and other items would be put under review if the wheat price did not come down from its current level of £158 a tonne.However, the group’s warning came alongside a rise in pre-tax profits for the first half of the year – up 12.3 per cent on a year earlier to £18.5m. Chief executive Ken McMeikan said: “Our results are very good but of course there is concern over the wheat price. We may have to raise some prices in our range if it does not come down, but they will only be very small rises, maybe a penny on a sausage roll.”The wheat price surge has been triggered by flooding in Pakistan and a drought in Russia. McMeikan said the company’s expansion plans are gathering pace and that its London operation is operating particularly well. “We are opening more shops and employing more people. We are offering meal deals which give our customers more choice and are very confident about the business,” he said, adding that the group’s new “concept” flagship stores are thriving. last_img read more

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Morrison to offer internet sales

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Morrison to offer internet sales Dalton Philips, the new chief executive at supermarket Wm Morrison, will use his first big presentation to the City to unveil plans to move into online grocery shopping this Thursday. The announcement will be part of the firm’s half-year results. Analysts have predicted a pre-tax profit of around £400m, a rise of 10 per cent on the same period last year. Philips’ presentation falls on the same day as online grocer Ocado’s first set of results since its float in July, which are expected to reveal a heavy loss. whatsapp Sunday 5 September 2010 9:56 pm Show Comments ▼ KCS-content whatsapp Tags: NULL Sharelast_img read more

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Growth in UK jobs weakens as doubts over recovery hit

first_img Growth in UK jobs weakens as doubts over recovery hit Share KCS-content Tags: NULL Show Comments ▼ Tuesday 7 September 2010 11:07 pm whatsapp 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 BRITAIN’S struggling job market continued to suffer in August with the number of permanent appointments rising at the slowest rate since October 2009, against a gloomy backdrop of public sector layoffs and downbeat business confidence. The monthly survey conducted by professional services firm KPMG and the Recruitment and Employment Confederation (REC) showed that the number of people placed in new jobs by recruitment consultancies continued to increase in August, but growth slowed further from March’s peak.Kevin Green, the REC’s chief executive, said: “We are concerned about the UK jobs market. Growth is rapidly slowing as public sector job freezes start to bite and private sector employers’ confidence remains fragile.There was also evidence of weakening pay pressures in August with permanent staff salaries rising at the slowest rate for seven months, while temporary staff pay growth hit a five-month low. Bernard Brown, partner and head of business services at KPMG, said: “In the months ahead we will see a substantial reduction in public sector headcount. The big question is whether the private sector can create new jobs in sufficient numbers and quickly enough to offset the downturn in the public sector.” whatsapp last_img read more

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Middle class benefits set to be slashed as cuts begin

first_img whatsapp Middle class benefits set to be slashed as cuts begin 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Genius Tags: NULL THE Prime Minister yesterday hinted that “middle class” benefits like child support could be scaled back to pay for the biggest overhaul of the welfare state in 40 years.David Cameron signalled that some universal payouts wouldn’t be “affordable” if the government pursues root-and-branch reform of the benefits system.Cameron’s comments come after the Treasury gave Ian Duncan Smith, the work and pensions secretary, the green light to announce massive changes to benefits for the unemployed and low-paid in his conference speech today.Duncan Smith will announce a new “universal credit” to replace the myriad of benefits that are currently available, including housing benefit and jobseekers’ allowance.Crucially, the credit will eventually be available to those working in low income jobs to ensure they don’t lose out when they move off of benefits and into employment.But chancellor George Osborne has demanded savings to the overall welfare bill to fund the upfront cost of the proposals, expected to total some £3bn. Although the plans will ultimately lead to a lower claimant count and less fraud, it will be several years before any savings to the £194bn-a-year welfare bill feed through.Duncan Smith has also agreed to phase in the changes over two parliaments to save on the initial outlay. The unemployed and economically inactive will be moved onto the universal credit in this parliament, while the low-paid will be transferred from 2015 onwards.The delay will come as a blow for the work and pensions secretary, as the plans are more likely to be shelved if the Tories lose the next election or Duncan Smith is replaced.Meanwhile, the Treasury has drawn up plans to axe child benefit for parents with children over 16. Currently, the benefit is paid to all parents with children that are 18 or under.According to internal Treasury projections, scrapping the payment of up to £1,055 for 2m parents with teenagers aged 17 and over could save around £2bn.Welfare reform has been a major source of tension in the coalition, with the Treasury claiming that Duncan Smith’s plans are unaffordable and undeliverable. But yesterday’s compromise suggests that Osborne and Duncan Smith have buried the hatchet. “Iain had to take George on an intellectual journey and prove that the reforms were affordable,” an aide to Duncan Smith said yesterday. CONSERVATIVE PARTY CONFERENCE AGENDA 2010Sunday 3rd October – People Power:14.00 – 15.15 – A Strong StartBaroness Sayeeda Warsi15.30 – 17.00 – People Power and the Big SocietyEric PicklesFrancis MaudeWilliam HagueMonday 4th October – Green Growth:10.00 – 11.15 – 21st Century EconomyPhilip HammondDavid WillettsBoris Johnson11.30 – 12.30 – The EconomyGeorge Osborne14.30 – 15.30 – Get Britain WorkingChris GraylingLord Freud15.45 – 17.00 – Environment and Climate ChangeCaroline SpelmanOliver LetwinTuesday 5th October – Tackling the Causes of Poverty:10.00 – 11.15 – Public ServicesAndrew LansleyMichael Gove11.30 – 12.30 – Cutting Crime, Reforming Justice.Ken ClarkeTheresa May14.30 – 15.30 – Reforming WelfareIain Duncan Smith15.45 – 17.00 – Tackling Global PovertyAndrew MitchellWednesday 6th October – Putting Britain First:10.00 – 11.00 – Defence and Foreign AffairsLiam FoxTimothy KirkhopeWilliam Hague11.00 – 11.25 – OlympicsJeremy Hunt11.30 – 12.25 –Devolved Nations and New PoliticsCheryl GillanOwen PatersonNick BourneAnnabel GoldieSir George Young14.30 – 15.30 – Prime Minister’s speech whatsapp Share KCS-content Sunday 3 October 2010 11:06 pm Show Comments ▼ last_img read more

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Canadian province formally rejects BHP’s bid for Potash

first_img Canadian province formally rejects BHP’s bid for Potash 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 A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ whatsapp KCS-content Thursday 21 October 2010 9:05 pmcenter_img The Canadian province that is home to Potash yesterday said it was opposed to a $39bn (£24.8bn) bid by BHP Billiton to buy the world’s largest fertiliser supplier.Saskatchewan will urge the federal government to block the Anglo-Australian miner’s hostile bid for Potash, which is based in the province.“In the interests of jobs for Sasketchewan families, in the interest of the quality of life that we prize that is funded by revenues to the government, in the interest of the place of our province and our country in the world we must say no to this hostile takeover,” Saskatchewan Premier Brad Wall said in a speech in the provincial capital of Regina.Under the Investment Canada Act, the federal government can only allow a takeover bid by a foreign company to proceed if it deems that a deal would bring a “net benefit” to Canada.“It’s our government’s belief that the people of Saskatchewan deserve nothing less than a potash industry unequivocally managed, operated and marketed for the benefit of Canada and Saskatchewan,” Wall added. Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida 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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI 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.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapp Tags: NULLlast_img read more

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Hands’ EMI payout capped

first_img Share whatsapp KCS-content Sunday 31 October 2010 10:23 pm TERRA Firma boss Guy Hands will only receive a quarter of the compensation he is seeking from Citigroup if his legal action is successful.A New York Judge has ruled Hands can receive no more than $2bn (£1.25bn) in his case against the bank, which he says misled him into overpaying for his ill-fated EMI takeover.Judge Jed Rakoff decided that it would be unfair to use a lost profit model for working out potential compensation. A fair market value theory now seems the most likely outcome, which could potentially cost Citigroup around $2bn.Last week Citigroup banker David Wormsley denied telling Hands that rival Cerberus Capital Management would bid 262p a share for EMI, forcing Hands into a snap decision.However, the banker said he did not remember the specifics of any of the key calls between the two former friends that lie at the heart of the trial.If Terra Firma loses the case it could be forced to hand over EMI to Citigroup, which provided £2.6bn in loans for the acquisition.The bank’s reputation for facilitating such deals could suffer if the jury decided that Hands had been defrauded.Terra Firma paid £4bn for EMI. The label, known for star musicians such as Nat King Cole, The Beatles, Pink Floyd and scores of others, is struggling under the weight of its debt.Earlier this year Hands was forced to go cap in hand to investors in order to make a key repayment. Hands’ EMI payout capped center_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity 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 HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Show Comments ▼last_img read more

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Paphitis reveals lingerie plans

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeScribolOur Jaws Dropped At Aircrew’s Shocking Find On Deserted IslandScribolNinjaJournalistSilly Workers Caught In Unbelievable MomentsNinjaJournalistArticles SkillThis Is Why People Were Intrigued With Prince Charles’ BroadcastArticles SkillHabit TribeDon’t Dress Yourself Old: These 17 Fashion Items Make You Look OlderHabit Tribezenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramThePennyHoarder.comBroke? Here’s How to Create a $1,000 Emergency FundThePennyHoarder.comTruthfinderEnter Any Name, Wait 105 Seconds, See Instant ResultsTruthfinderAtlantic MirrorAn Aircrew Saw Movement On A Remote Island, Then Took A Closer LookAtlantic Mirror More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ Dragons’ Den entrepreneur Theo Paphitis has said that his new lingerie range will be launched under the name Boux Avenue. The mid market brand will be launched at Shopping centres including the Trafford in Manchester. The brand will be up against La Senza, which Paphitis used to own, as well as Marks and Spencer and department stores.Paphitis told Retail Week: “I’m dead proud of it. The product, the brand, the marketing concept. It’s fresh. We’re launching in one of the most uncertain times in living memory, but I’m a long term player.” The retailer is expecting to open 30 shops starting from next March. Bras will be priced at up to £34. Thursday 4 November 2010 10:52 pm Paphitis reveals lingerie plans center_img KCS-content Share whatsapp Tags: NULLlast_img read more

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Slump in leisure spending leads to a surge in 24-hour licence applications

first_img whatsapp Show Comments ▼ Share Sunday 14 November 2010 10:23 pm HARD-pressed pubs and bars hit by the slump in leisure spending are turning to 24 hour licences in an effort to maintain sales.According to legal information provider Sweet & Maxwell, the number of 24-hour alcohol licences for pubs, bars and nightclubs jumped 12 per cent to 946 this year from 845 the year before. The 2005 changes to licensing laws have led to a radical shake up in the after hours drinking market. But the smoking ban and recession-related consumer spending slowdown have prompted more pubs and bars to seek longer opening hours.Pubs also face increased competition from supermarkets selling discount drinks, often with longer opening hours. Sweet & Maxwell found the number of stores with 24 hour licences increased by seven per cent to 1,659 this year.Licences for traditional late-night drinking venues like nightclubs have not seen the same rate of growth for alcohol licences. This comes as admissions to UK nightclubs fell 7 per cent to 169m in 2009 from 182m in 2005, when the licensing laws were changed. Many drinkers who previously were forced to visit a nightclub now prefer to go to a late-opening pub or buy alcohol from a late-licence supermarket for consumption at home.The report also found licences for non-profit clubs, like local football and rugby clubs, has declined by 2 per cent to 17,000 this year. This could be because many have been forced to cut costs because their income has fallen due to recession. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoMoney VersedWoman Shares The 5 Words She Said That Left Her Boyfriend In AweMoney VersedUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoRest WowCouple Enacts Revenge Towards Neighbor Who Made Their Life HellRest WowUndoGloriousaCouple Had Their Home Demolished Because Of ThisGloriousaUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCuteBizarre Hells Angels Rules, #10 Is MandatoryAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndocenter_img Slump in leisure spending leads to a surge in 24-hour licence applications whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Tags: NULLlast_img read more

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Ireland concedes it is in line for massive bailout

first_img Share Ireland concedes it is in line for massive bailout Show Comments ▼ John Dunne Thursday 18 November 2010 5:09 amcenter_img Ireland’s central bank chief said he expected the country to receive tens of billions of euros in loans from European partners and the IMF to help shore up its shattered banks and stabilise the economy.Central bank governor Patrick Honohan was speaking shortly before the start of talks with a joint mission of the European Commission, the European Central Bank and the International Monetary Fund on a possible rescue package.“The intention is and the expectation is, on their part and personally on my part, that negotiations or discussions will be effective and a loan will be made available and drawn down as necessary,” he told state broadcaster RTE.“We’re talking about a very substantial loan for sure – tens of billions, yes,” Honohan said, acknowledging that there had been substantial outflows of funds from the Irish banking sector since April.After 10 days of losses, European stock and bond markets and the euro recovered slightly on expectations that Ireland would become the second euro zone country after Greece to receive a bailout to cope with high debts and deficits.Dublin’s borrowing costs have gone through the roof since late October as concerns about the banks’ swelling liabilities and German-driven EU moves to create a system for restructuring stricken euro zone states’ debts unsettled investors.“To some extent the market is anticipating (a bailout), but once the announcement is made I think we will see these spreads come in,” said Nick Stamenkovic, a bond market strategist at RIA Capital Markets in Edinburgh.EU sources have told Reuters Ireland may need assistance of between 45 billion and 90 billion euros, depending on whether it needs help only for its banks or for public debt as well.In an indication of potentially tough negotiations ahead, France said Ireland may have to raise its ultra-low 12.5 per cent corporation tax rate – a taboo in Irish politics – in return for the assistance package.French Finance Minister Christine Lagarde said Irish business taxation was abnormally low by European standards, while income taxes were broadly in line with the EU average.“So we will have to see how these (corporate) rates can be changed without weighing down the Irish economy and driving away investors,” she told France-Inter radio.Higher-tax countries, including Britain, Germany and France, have long seen the Irish rate as a form of unfair competition.Irish Prime Minister Brian Cowen has repeatedly rejected suggestions that his government is discussing a bailout that would place public finances under EU-IMF supervision.Finance Minister Brian Lenihan insisted on Wednesday after talks with EU peers that the Irish corporate tax was “safe.” whatsapp Tags: NULL whatsapplast_img read more

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Manufacturing output maintains record high

first_imgMonday 6 December 2010 2:40 am Manufacturing output maintains record high Share whatsapp Manufacturing output has held steady in the fourth quarter at the previous three months’ record high and companies have stepped up hiring, but they are less confident about the outlook for 2011, according to a survey.The Engineering Employers’ Federation said a balance of 33 per cent of firms reported a rise in output in the fourth quarter, unchanged from the previous three months which was the highest level since the survey began in 1995.However, the balance of firms planning to raise prices climbed to its highest point in more than two years.Companies say they plan to pass on higher commodity prices and some also hope to rebuild margins that shrank during the recession, the EEF said.A balance of 16 per cent of companies expects to raise domestic prices in the next three months, compared to five per cent in the previous quarter.A balance of 12 per cent think export prices will go up, compared to five per cent in the previous three months.The Bank of England, wrestling with above-target inflation and a slow economic recovery, has forecast that price pressures will rise early in 2011 before falling back below its two per cent inflation target in 2012.“Manufacturers are ending the year on a high and should enter 2011 on a strong footing,” said Lee Hopley, EEF’s chief economist. “But the strong bounceback has also brought challenges, with some manufacturers struggling to get the skills they need and facing rising costs.”Separate figures last week showed a strong pick-up in the UK manufacturing purchasing managers’ index in November, while growth in the dominant services sector eased from a four-month high in October.Most economists expect GDP growth to slow sharply in the final three months of this year from the third quarter’s surprisingly robust 0.8 per cent expansion.The EEF said its fourth-quarter survey highlighted a strong performance across all manufacturing sectors, leading to a record high balance of 23 per cent of companies taking on workers.It was the third consecutive month of positive employment figures following an 18-month recession that ended in late 2009.However, the survey found anecdotal evidence that companies are using temporary staff and agency workers, rather than full-time staff, to meet demand.While growth is expected to slow in 2011, a balance of 17 per cent of companies still expect output to rise in the first quarter. That is above the long-run average for the series.However, the EEF said companies are worried about the effect of rising commodity prices, credit constraints, trade tensions and currency wars.“Manufacturers are still somewhat cautious about making significant investments in new machinery or taking on permanent employees,” the EEF’s report said. John Dunne center_img whatsapp Tags: NULL Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.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 FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionlast_img read more