Friday 01 August 2014 | RSS Feed

What made the nationals: sponsored by PressChoice

Our daily newspaper review of the national press is powered by PressChoice, dedicated to improving communication between the worlds of business



Yuan Phoon, 26 April, 2012

THE BEGINNING OF THE NEW RECESSION AND THE ANNIVERSARY OF THE END OF THE OLD. THIS DAY MARKS END OF RECESSION IN 1993. FIRST FOR STRIKE SINCE 1970s

AND TWO THOUSAND JOBS TO GO AT HSBC

THE DAILY DOZEN OR SO OF THE MOST EYE CATCHING FINANCIAL NEWSPAPER ARTICLES

DAILY TELEGRAPH

LONGEST SLUMP IN PEACETIME AS BRITAIN SLIDES INTO RECESSION

By James Kirkup, Deputy Political Editor

Britain is suffering the longest peacetime slump in a century. The Office for National Statistics surprised the City by announcing that the economy shrank by 0.2 per cent in the first quarter of 2012, the second consecutive fall. Britain has suffered a longer and deeper decline than almost every other advanced economy. The ONS said the contraction meant that the economy was 4.3 per cent smaller than it was before the financial crisis, which began in 2007.

FINANCIAL TIMES

OSBORNE HOLDS FAST DESPITE DOUBLE DIP

By Chris Giles, George Parker And Jim Pickard

George Osborne said he had no intention of easing the government’s deficit reduction plan after the economy plunged into a double-dip recession and the longest downturn for more than a century. The chancellor blamed the eurozone for Britain’s economic plight, which has left output 4.3 per cent below the 2008 peak..

DAILY MAIL

DOUBLE-DIP PUTS PRESSURE ON THE BANK OF ENGLAND FOR FURTHER QE

By Hugo Duncan

Pressure was last night mounting on the Bank of England to restart the printing presses after it emerged that Britain suffered its first double-dip recession since the 1970s. The slump – the first double-dip since 1975 – triggered a fierce debate over whether the Bank should extend its £325billion quantitative easing (QE) programme

WWW.BBC.CO.UK

ON THIS DAY - 1993: RECESSION OVER - IT'S OFFICIAL

The government has reacted with relief to news that Britain's economy grew by 0.2% in the first three months of this year, and declared the longest recession since the 1930s officially over.

…. THE OTHER NEWS ….

FINANCIAL TIMES

FED SEES ECONOMY RECOVERING GRADUALLY

By James Politi and Robin Harding in Washington

Federal Reserve officials predicted lower unemployment rates and suggested the appropriate time for interest rate hikes was sooner than previously thought. They expect growth in gross domestic product between 2.4 and 2.9 per cent this year, higher than the 2.2 per cent to 2.7 per cent projections published in January.

DAILY TELEGRAPH

BRUSSELS TO RELAX 3PC FISCAL TARGETS AS REVOLT SPREADS

By Ambrose Evans-Pritchard

The European Commission is preparing a major shift in economic strategy, fearing that excessive budget cuts will inflict unnecessary damage on eurozone countries. Officials believe they have enough legal leeway to relax budget deficit targets for eurozone states without violating the Stability and Growth Pact, though the plans risk a serious showdown with Germany.

GUARDIAN

FORD FACES THREAT OF FIRST STRIKES SINCE 1970S

By Dan Milmo, industrial editor

Unite union will ballot 2,500 members at Ford UK over plans to close final salary scheme to newcomers and lower starting pay

GUARDIAN

RBS BOSS STEPHEN HESTER HITS BACK AT THE 'HOSTILE COMMENTARIAT'

By Juliette Garside

Speaking at the Manchester Business School, Hester said he had 'underestimated how intense, critical and long lasting' the spotlight would be on the bank. He said it was "uncomfortable" to work there and suggested the government's 82% stake in the bank was slowing down its recovery. He also hit back at the "commentariat" of politicians, media and commentators whose outcry forced him to waive his near £1m annual bonus, saying his motivation for staying on at RBS was to "prove the critics wrong".

THE SUN

HSBC TO SLASH 2,000 UK JOBS

By Steve Hawkes, Business Editor

Managers face axe in ‘wipeout’

Britain’s most profitable bank will today axe more than 2,000 jobs to slash costs.

HSBC chief exec Stuart Gulliver’s move will wipe out layers of middle management in the giant’s corporate banking and high street arms. It is the biggest round of cuts by the bank in Britain since the credit crisis began.

DAILY EXPRESS

HEATHROW GAINS BUT BAA AT A LOSS

BAA said record passenger numbers at Heathrow had helped it lift first-quarter sales. The Spanish-owned group, whose other airports include Stansted and Aberdeen, said Heathrow handled 15.7million passengers in the three months ended March 31, 4.4 per cent up on this time last year with transatlantic flights in greatest demand.

THE SCOTSMAN

NEW PENSION RULES WILL LIFT STANDARD LIFE WHILE Q1 SALES DEFY FORECASTS

By Gareth Mackie

Standard Life yesterday predicted it will benefit from a raft of regulatory changes as it reported a smaller-than-expected dip in its first-quarter sales. Investec analyst Kevin Ryan said: “The star was the core UK business, which was down 9 per cent at £3.6bn but ahead of consensus of £3.3bn.”




Your Comments
0 Comment(s)

Have Your Say

Loading