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Headlam sees challenge meeting original goals

LONDON (Reuters) - Flooring distributor Headlam Group reported a 1.7 percent rise in first-half profit on Monday and said it might find it tough to hit its targets for 2008.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 23:52
House prices fall 5.3 pct in August

LONDON (Reuters) - House prices fell for an 11th straight month in August to stand 5.3 percent lower than a year earlier, a survey by property consultants Hometrack showed on Monday.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 23:48
FT says media misinterpret Darling comment

TOKYO (Reuters) - The media wrongly gave the impression that the Chancellor was predicting the deepest recession in 60 years, the Financial Times said on Monday, slightly lifting the battered sterling.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 23:28
The Republican National Convention

Daily dispatches from St PaulTHE most important feature of this year’s Republican convention is not its location, purpose or personalities. It is timing: for the first time in decades, the two parties convene in successive weeks. While most people celebrate the Labour Day holiday at home, the journalist class will arrive in St. Paul barely having recovered from Denver: the heat, the death-march-length walk from the security perimeter to the Pepsi Centre, the lack of seats, the alcohol….
Original Source: http://feeds.feedburner.com/economist


  31 August, 2008| massmedia | Comments (0) @ 23:03
Oil prices rise as Gustav looms

Oil prices gain more than $1 after energy firms shut down almost all oil and gas production in the Gulf of Mexico….
Original Source: news.bbc.co.uk


  31 August, 2008| massmedia | Comments (0) @ 22:56
House prices fall 5.3 pct y/y in Aug

LONDON (Reuters) - House prices fell for an 11th straight month in August to stand 5.3 percent lower than a year earlier, a survey by property consultants Hometrack showed on Monday.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 22:43
Manufacturers’ confidence falls in Q3

LONDON (Reuters) - Manufacturers are braced for a sharp fall in orders and weaker profit margins as a stagnant economy takes its toll, a survey by the Engineering Employers Federation showed on Monday.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 22:40
Commerzbank to buy Dresdner

FRANKFURT (Reuters) - Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion (8 billion pounds) all-German deal that will break the country’s banking mould and cost 9,000 jobs.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 22:22
Pound tumbles on concerns about economy

TOKYO (Reuters) - The pound fell versus the dollar to its lowest level in more than two years and slid to a record low against the euro on Monday, after Chancellor Alistair Darling said the country’s economic downturn might be the worst in 60 years.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 22:19
Bank says will not extend special liquidity scheme

LONDON (Reuters) - The Bank of England said on Sunday it had no plans to extend an innovative six-month scheme designed to ease strains in the mortgage market.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 22:15
Oil rises on storm fears

HONG KONG (Reuters) - Oil rose above $116 a barrel on Monday, as a quarter of U.S. crude production was shuttered because of Hurricane Gustav, while Asian stocks were stung by slumping technology shares.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 22:09
Oil gains as Gustav shuts U.S. output

PERTH (Reuters) - Oil prices rose more than $1 on Monday after energy firms in the U.S. Gulf shut down nearly all offshore oil output and a host of flood-prone coastal refineries ahead of Hurricane Gustav, the biggest threat since 2005’s devastating Katrina.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 20:16
Gold steady after piggybacking on oil gains

SINGAPORE (Reuters) - Gold was trading largely unchanged on Monday, after gaining $5 early in the day on the back of oil-led gains ahead of Hurricane Gustav, but volumes will likely remain low because of a U.S. holiday.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 20:10
Lehman in talks with KDB to raise billions

SEOUL (Reuters) - Lehman Brothers Holdings has “intensified” talks with Korea Development Bank (KDB) to raise as much as $6 billion (3.33 billion pounds) in a share sale that could be concluded this week, the Sunday Telegraph reported.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 18:19
Oil tops $117 as hurricane shuts U.S. Gulf production

PERTH (Reuters) - Oil rose nearly $2 to over $117 on Monday as U.S. energy companies raced to shut down offshore oil production and flood-prone refineries in the Gulf Coast ahead of Hurricane Gustav, which is evoking memories of 2005’s devastating Hurricane Katrina.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 17:49
Sterling slides on worries about economy

TOKYO (Reuters) - Sterling fell versus the dollar to its lowest level in more than two years and slid to a record low against the euro on Monday, after comments by Britain’s finance minister highlighted the UK economy’s weakness.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 17:43
Gold bounces on oil-led buying

SINGAPORE (Reuters) - Gold advanced on Monday, tracking a gain of more than $1 in crude oil as Hurricane Gustav took aim at a swath of U.S. oilfields and refineries in the Gulf of Mexico.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 17:40
Two million Britons juggle jobs and start-up hopes

LONDON (Reuters) - More than two million Britons who are in permanent employment are at the same time trying to turn their favourite hobby into a business, according to a new survey released on Monday.


Original Source: feeds.reuters.com


  31 August, 2008| massmedia | Comments (0) @ 16:08
Housing market ‘needs more help’

Government must take “decisive action” to help the housing market, say the Royal Institution of Chartered Surveyors….
Original Source: news.bbc.co.uk


  31 August, 2008| massmedia | Comments (0) @ 16:01
Manufacturing jobs ‘now at risk’

An employers group urges the government to tackle economic concerns “head on” to reduce the impact on manufacturing jobs….
Original Source: news.bbc.co.uk


  31 August, 2008| massmedia | Comments (0) @ 15:59
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