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Germany - Industry plans +14% more investments despite falling economic sentiment

24 August 2011

Two seemingly contradictory reports came out of Germany yesterday. According to the latest enterprise survey published by the Ifo Institute for Economic Research, a significant increase in capital expenditure in the West German manufacturing sector is expected for 2011 after the investment slump in 2009...

UK - Manufacturing orders and output expectations holding up, says CBI

24 August 2011

UK manufacturers are reporting healthy order books and expectations for output growth are above their long-run average, while pricing pressures have eased following strong inflation during the first two quarters of this year, according to the Confederation of British Industry (CBI).

Of the 510 manufacturers...

UK - HCL advisor alleged to have conflict of interest

23 August 2011

Three of the largest shareholders of Healthcare Locums Plc (HLO:LSE), the beleaguered specialist health and social care staffing firm, have accused the board of a conflict of interest in appointing advisers linked to the investor most likely to benefit from a proposed 64.25 million Pounds fundraising...

UK - Pertemps continues on acquisition trail

23 August 2011

Privately owned staffing firm Nurture People Limited is the latest company to be acquired by staffing firm Pertemps Recruitment Partnership Limited. The move comes shortly after Ashton Consulting (UK) Ltd and Fishtank Recruitment Solutions Limited merged with Pertemps on 8 August 2011 for an undisclosed...

OECD Countries - GDP growth held back by Europe

23 August 2011

Growth of Gross domestic product (GDP) in the Organisation for Economic Co-Operation and Development area (OECD) slowed to +0.2% in the second quarter of 2011, down from +0.3% in the previous quarter. This is the fourth consecutive quarter of slower growth.

The slowdown was particularly marked in the...

Germany - Central bank forecasts continued growth

23 August 2011

In its latest monthly report, the German Central Bank (Bundesbank) forecasts Gross Domestic Growth (GDP) growth of +3% for 2011 despite increasing concern about world economies and turbulences on the international stock markets.

The bankers say in a statement "from our current perspective, the German...

France - Private sector picks up slightly due to demand for services

23 August 2011

Output growth at private sector firms in France rose at a marginally faster rate in August 2011, edged up to 53.6 from July's 23-month low of 53.2, according to the latest 'Flash France Composite Output Index' published by research firm Markit.

The acceleration was driven by a stronger expansion of service...

UK - Steady growth and increasing foreign ownership forecast

23 August 2011

British businesses predict steady growth, an increase in real Gross Domestic Product (GDP) and an improved business landscape over the next decade but they also expect foreign ownership of UK companies and assets to increase, according to 'Business in 2021' research released by Barclays Corporate.


Germany - More and more work after retirement

23 August 2011

660,000 old age pensioners aged between 65 and 74 worked during their retirement in 2010, an increase of +58.6% compared with only 416,000 in 2000, according to new analysis by Saarbrücker Zeitung newspaper based on official data from the Ministry of Employment.

According to the analysis, 400,000 old...

Sweden - Increased labour demand drives up pay

23 August 2011

The number of employed persons amounted to 4,186,300 in Q2 2011, an increase of +3.3% when compared with the same period last year. The number of employed persons increased by +4.7% in the private sector and by +0.3% in the public sector, according to the latest data, published today, by Statistics Sweden...