The Times reports that Britain's battered industry has begun to fight back from its year-long r...
The Times reports that Britain's battered industry has begun to fight back from its year-long recession, enjoying its first expansion in six months. Manufacturing's output rose by 0.4% in February, after January's 0.5% decline, marking the first increase in the sector's production since last August, official data revealed yesterday.
The Telegraph notes that Nortel Networks, one of the world's biggest telecoms equipment groups, yesterday cast further gloom over the industry by giving warning that its first-quarter sales would fall short of Wall Street targets.
Vodafone will have to take a huge charge on its investments in Japan, analysts said yesterday, after the country's leading operator said subscriber growth had collapsed reports the Telegraph.
The Telegraph also says Saudi Arabia ruled out imposing an oil embargo on the West yesterday, defying calls for the Arab world to place maximum economic pressure on Israel's allies.
Standard Life Investments yesterday moved swiftly to replace the star bond fund manager known as Mr Fixed Income by recruiting Rod Paris from Merrill Lynch with a mission to bring in international bond management business according to the Telegraph.
The FT writes that Post Office managers will receive details on Wednesday of a government-backed restructuring plan which is expected to result in the closure of up to 3,000 urban branches. The cuts, equivalent to one third of the urban network, will be accompanied by a £200m rescue package from the Treasury designed to compensate the owners of sub-post offices and limit the impact on rural areas.
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'Increasing engagement will only favour those prepared to put in the effort'