UK tax boost eases deficit as sales rise

first_img More From Our Partners Killer 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Tags: NULL Share KCS-content Thursday 19 August 2010 8:59 pm BETTER-THAN-PREDICTED high street sales and unexpectedly low government borrowing figures gave UK markets a late summer fillip yesterday.Shoppers defied talk of weakening consumer confidence to send the nation’s till receipts up 1.1 per cent between June and July, far ahead of the 0.4 per cent rise pencilled in by economists. The Office for National Statistics said clothes and non-food purchases powered the increase, jumping 4.1 per cent, with internet-based revenues soaring 16.7 per cent.An improving corporate tax haul meant public borrowing levels also caught analysts unawares. The Treasury drew on £3.8bn net funds last month, less than the £5.3bn forecast by institutions and significantly below £6.1bn this time last year. Excluding the cost of bailing out Lloyds Banking Group and Royal Bank of Scotland, overall debt stood at £816.2bn or 56.1 per cent of GDP.The FTSE 100 rose by up to 33.48 points in the morning as investors took heart from the data. But the large cap index fell back to close 91.58 points down at 5,211.29 as a shock leap in US jobless claims to 500,000 sparked a sell-off of risky assets. Markets were additionally spooked by a warning of “daunting” challenges from?America’s fiscal agency.Nonetheless, Simon Ward, chief economist at Henderson Global Investors, said the UK’s healing economy and rising tax-take from companies meant the national deficit was likely to undershoot the Office for Budget Responsibility’s estimate of £149bn for the full year. whatsapp UK tax boost eases deficit as sales rise Show Comments ▼last_img read more

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BHP FACES RISING BID DISCONTENT

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content Sunday 22 August 2010 10:41 pm whatsapp MINING giant BHP Billiton could be left with a diplomatic crisis on its hands if it does not move swiftly to address growing investor disquiet over the cost of the company’s mammoth $40bn (£26bn) hostile bid for Canadian fertiliser giant PotashCorp.BHP will this week attempt to calm shareholder fears at a gruelling series of roadshows across the globe, organised in line with its full-year results.Its efforts come after the first investors broke ranks to shoot down the deal. Last week, one of the company’s largest Australian investors, Perpetual, said the firm should launch a share buy-back in place of the acquisition of PotashCorp.BHP’s UK shareholders will prove equally difficult to convince of the rationale for a deal, particularly given fears over the cost of financing the takeover through debt alone.George Godber, a fund manager at Matterley who reduced his holding in the stock sharply when the bid was announced, said there is widespread scepticism over the deal among institutional investors in the City.“BHP Billiton is a wonderful company and very well run,” he said. “But with the amount of debt the company is taking on, it is paying a very full multiple for PotashCorp. I am a big strategic bull on agricultural consolidation, but I’d much prefer to see them do a $20bn buyback and buy something smaller. $130 per share doesn’t feel like a knock out price and the danger is that BHP will have to pay up if it really wants these assets.”Speculation over a potential “white knight” counter-bid for the Canadian company focused at the weekend on China, after state-owned chemical group Sinochem said it would pay “close attention” to BHP’s bid. PotashCorp already owns a 22 per cent chunk of Sinochem’s fertiliser subsidiary Sinofert.Analysts expect further interest from Chinese companies as the bid battle heats up, while rival miners Vale and Rio Tinto have also been touted as potential – though less likely – candidates to propose a tie-up. Show Comments ▼ whatsappcenter_img BHP FACES RISING BID DISCONTENT by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Share Tags: NULLlast_img read more

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US and Europe shun premium brands

first_img KCS-content whatsapp Thursday 26 August 2010 8:39 pm Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal Past whatsapp Show Comments ▼center_img US and Europe shun premium brands RECEIVED wisdom tells us that hard-pressed customers hit the bottle in times of economic woe. If they’re doing that this time round, they aren’t reaching for Smirnoff Vodka or Johnnie Walker whisky. Save for a 13 per cent rise in net sales at the international division, which accounts for Africa, South America and the Middle East, Diageo’s full-year numbers are pretty lacklustre. In theory, Diageo should boast high operational gearing, but it isn’t evidenced by these results: overall organic sales growth was just two per cent, while organic profits grew by exactly the same amount. This was partly due to higher marketing spend, which was increased by 50 basis points (pretty expensive marketing when you consider the anaemic sales growth). However, the main drag on profitability was stubbornly sluggish trading conditions in North America, which still accounts for a worrying 40 per cent of profits, and Europe. In these regions, customers are shunning premium brands, or buying them in supermarkets and off-licences, where Diageo’s margins are much lower. In North America, net sales were off three per cent while Europe dipped by two per cent. These results don’t inspire confidence, and management is far from bullish on the firm’s prospects, promising “improved” organic profit growth in the year ahead (an effective downgrade to the four to five per cent pencilled in by analysts).In the long-term, Diageo will come good. Emerging markets are falling in love with prestige alcohol brands, and iconic products like Guinness will thrive. But rising unemployment and spluttering economies in Diageo’s biggest markets make it impossible to recommend these shares. [email protected] More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULLlast_img read more

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Spyker to use BMW’s engines in new Sabb

first_img whatsapp LOSS-MAKING Swedish carmaker Saab is to use BMW engines in a move by Dutch owner Spyker to help boost its recovery and appeal.Undercapitalised Spyker Cars, which bought Saab in February from General Motors for $400m (£294m), said yesterday the luxury German group will supply four-cylinder 1.6 litre turbocharged gasoline engines for its new 9-3 model, from 2012.“BMW’s engines and their fuel savings innovations are widely regarded as a benchmark in the premium segment,” Saab chief executive Jan Ake Jonsson said.The two firms are open to exploring further opportunities, but both say it too soon to say what that could mean in the future.The deal will help Spyker, which wants to sell 120,000 cars per year in the long term, obtain new technology despite its negative shareholders equity value of €126m (£171m). KCS-content whatsapp Share 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndocenter_img Wednesday 29 September 2010 10:27 pm Show Comments ▼ Spyker to use BMW’s engines in new Sabb Tags: NULLlast_img read more

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ISA sales reach highest ever level after increase in personal allowances

first_img Monday 4 October 2010 8:53 pm 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp ISA sales reach highest ever level after increase in personal allowances Tags: NULL ISA sales more than doubled in the last year rising to a record figure of £400m a month taking the total sales figure to £14.6bn for the year, the Investment Management Association (IMA) said yesterday.The figures showed ISA sales had reached their highest level since they were launched in 1999 as savers showed a renewed enthusiasm for investing in stocks and shares ISAs in particular. The IMA said this was largely as a result of the increase in the annual tax free personal allowance from £7,200 to £10,200.Meanwhile, an IMA survey of over 2,000 savers found almost half (47 per cent) of savers would invest more into an ISA if the annual allowance was increased further. Just over a third of savers (36 per cent) said they would invest more if long term savings incentives remained consistent, while 44 per cent said they would invest more if there was a lifetime tax-free ISA allowance. The findings could cause a headache for the government which is believed to be considering lowering the personal allowance. Labour MP? and Treasury Select Committee member, Andy Love, suggested at a fringe event at the Labour party conference last week that the coalition government was considering the move as part of the comprehensive spending review due in a fortnight whatsapp Share Show Comments ▼ KCS-content last_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

first_imgBP LINKS PAY TO SAFETY IN FOURTH QUARTERBP, which faced accusations that it precipitated the Gulf of Mexico oil spill by placing profits before safety, said in an internal memo to its staff that safety would be the sole criterion for rewarding employee performance in its operating business for the fourth quarter. BP’s new chief executive, Bob Dudley, announced the step in an email to employees that was viewed by The Wall Street Journal.VW-PORSCHE DEAL FACES DELAYVolkswagen said that tax and legal disputes could delay its planned takeover of Porsche and might prompt it to deploy a backup provision to initially just acquire Porsche’s sports-car-making operations, instead of also merging with its holding company as planned. Share KCS-content The Daily TelegraphIRAN WARNS BRITISH OIL GROUPS IN REFUELLING ROWIran is threatening to retaliate against British oil companies for refusing to sell fuel to its commercial aircraft flying back from London. BP has cut off ties with Iran Air since the summer, while Shell and three other international groups signed an agreement with Washington last month to withdraw from operations in Iran altogether. AGENCY WORKER REFORM SCUPPERED BY “SOCIAL PARTNER” DEALThe government has said a stand off between the unions and CBI have scuppered its attempts to reform new employment legislation giving equal rights to 1.3m agency workers. Employment relations minister Ed Davey said the decision to retain the regulations in their current form was “clearly disappointing”.WALL STREET JOURNAL WHAT THE OTHER PAPERS SAY THIS MORNING whatsapp FINANCIAL TIMESINDIAN OIL PLANS RECORD $4.3BN IPOIndian Oil plans to raise a record Rs190bn ($4.3bn, £2.73bn) by selling 20 per cent of its shares in what would be India’s biggest IPO, as several state-run groups are rushing to tap the nation’s booming equity market. Sumit Bose, India’s minister of disinvestment, said yesterday that in the next few weeks the government would appoint the bankers for the issue, which is expected to hit the markets by the first quarter of 2011.C&W REASSURE ABOUT OFFICIAL CONTRACTSCable & Wireless Worldwide sought to reassure investors by saying it had retained its existing telecoms contracts with the government following a review in which ministers secured significant cost savings. C&W Worldwide had issued a profit warning in July.AD DISBURSAL RECOVERING FASTER THAN EXPECTEDGlobal advertising spending is recovering more quickly than expected by big agencies ahead of the Christmas season. Strong third-quarter results for the industry are showing that investment by clients in branding and promotions has rebounded from a record low last year as companies strive to gain market share.BLACKFRIARS TOWER SITE IN ADMINISTRATIONA 52-storey skyscraper project on London’s South Bank backed by Sergei Polonsky, the Russian property tycoon, has been put into administration by the Royal Bank of Scotland. The Beetham Organisation, a Liverpool-based developer, and Mirax, the property company founded by Mr Polonsky, planned to build a large mixed-use scheme on Blackfriars Road that was once expected to have an end value of as much as £1bn.THE TIMESOIL EXPLORERS TOP LIST OF ACQUISITION TARGETSUBS added Premier Oil and Heritage Oil to its watchlist of British takeover targets yesterday, saying that a wave of mergers and acquisitions was building in Europe. “We think it may finally be time for investors in European equities to ‘wax their surfboards’,” Daniel Stillit, a London-based analyst at the Swiss bank, said.IF YOU WANT TO MAKE ’EM SPEND, MAKE ’EM LAUGHLuminar will announce a licencing deal with Jongleurs this week to run comedy nights at some of its clubs as it seeks ways of pepping up its fortunes. The nightclub operator, which is trying to reverse a 20 per cent decline in like-for-like sales, recently signed a tie-up with Ministry of Sound to run branded club nights. Trade has been hit by youth job cuts. 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 ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Tuesday 19 October 2010 8:26 pm Show Comments ▼ Tags: NULLlast_img read more

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Deathly Hallows slays rivals

first_img Show Comments ▼ Monday 22 November 2010 5:24 am whatsapp KCS-content Deathly Hallows slays rivals Share The first instalment of Harry Potter and the Deathly Hallows made $125m in its opening weekend in the US and Canada, according to studio estimates, making it the sixth most successful opening of the year. The seventh Potter film comfortably beat the previous best weekend debut for the franchise, which was set at $102.7m by Harry Potter and the Goblet of Fire in November 2005. Warner Bros, which made the film, had expected the film to reach the $100m sales barrier. More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Tags: NULLlast_img read more

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Manufacturer input costs rise

first_img John Dunne Manufacturer input costs rise Tags: NULL whatsapp Manufacturers’ input costs rose slightly faster than expected in November and at the fastest annual rate since July, official data showed, according to the Office for National Statistics (ONS).The ONS said that annual producer input price inflation picked up to nine per cent from 8.2 per cent in October, above economists’ forecasts of a rise to 8.5 per cent. There were also upward revisions to the prior month. A rise in crude oil costs was the biggest driver, accounting for more than a third of the annual rise. Imported metals and chemicals were the second and third biggest drivers.Crude oil was also the biggest driver of the monthly increase, although this was partly offset by a fall in the cost of home-produced food products. Prices of imported materials as a whole rose 0.6 per cent on the month.Despite the slightly faster than expected rise in input prices, Friday’s output price figures were slightly softer than expected, suggesting firms are managing to absorb some of the higher costs.Producer output price inflation fell unexpectedly to 3.9 per cent in November from October’s four per cent, after the cost of petroleum products rose more slowly than in November 2009. whatsappcenter_img Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo Share Monday 13 December 2010 6:36 am 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’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 Wraplast_img read more

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Whitbread profit fuelled by Costa and Premier

first_img whatsapp Whitbread profit fuelled by Costa and Premier John Dunne whatsapp Britain’s biggest hotel and coffee shop operator Whitbread said it expected strong profit growth in its current financial year benefiting from increased sales at its Premier Inn and Costa Coffee chains.Whitbread, which also owns the Beefeater and Brewers Fayre restaurant chains, said sales at Premier Inn hotels open for more than a year grew 8.7 per cent in the third quarter to December 2 while sales at Costa Coffee outlets open for more than a year were up 11 per cent.“The positive momentum in our business gives us confidence that, despite tougher comparatives and an uncertain outlook for consumer spending, the outturn for the full year will be in line with market expectations for strong profit growth,” Chief Executive Andy Harrison, who joined the company last month, said in a statement. Market expectations for full-year pretax profit currently range between £247M and £290m. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Tuesday 14 December 2010 2:58 amcenter_img Share Tags: NULL More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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 ▼last_img read more

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Japan welcomes downgrade

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Japan welcomes downgrade THE Japanese Minister of Economy, Trade and Industry Banri Kaieda used the last day of the World Economic Forum in Davos to claim that Standard & Poor’s downgrade of Japanese debt this week was “good timing”.The minister said that the downgrade would help to spur public debate towards tackling the debt. “Japan’s fiscal situation is very difficult and… the tax and national debt balance need to change. That will be a step forward,” he said during a panel discussion.Japan’s government debt for 2010 is estimated at well over 200 per cent of its GDP. Its deficit is lower than some others’, at seven per cent, but there are concerns that the debt is simply too large to address in light of sluggish growth.Earlier in the day, Japanese Prime Minister Naoto Kan – who took over in the job in June – had emphasised that Japan is eager to open up its economy further by signing free trade agreements.“There is growing concern in Japan that in the midst of its economic stagnation the minds of its people, including the youth, are becoming inward-looking,” he said to delegates.“This spirit of opening up the nation is now called for in Japan. With this belief, this year, I have set ‘the third opening of Japan’ as a grand objective. One specific policy is the promotion of economic partnerships,” he added, indicating that the government would promote the Doha free trade negotiations and the trans-Pacific partnership agreement.The S&P downgrade threw the spotlight on Japanese public debt, embroiling the country in a global sovereign debt crisis that has so far focused mainly on the eurozone and the US deficit. whatsapp KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com whatsappcenter_img Sunday 30 January 2011 10:28 pm Share Show Comments ▼ Tags: NULLlast_img read more

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