Blue-chip UK defence firm BAE Systems has been notified by the US Department of Justice that it is the subject of an anti-corruption probe, worrying news that sent shares south.
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Latest figures from the Office for National Statistics (ONS) show that the UK economy grew more quickly than expected in the first quarter of 2007, buoyed by the services sector and raising expectations of a base rate rise.
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Four-fifths of manufacturers have suffered fuel bill surges of at least 30 per cent over the past year, according to a survey from The Engineering Employers’ Federation (EEF).
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According to a CBI survey, factory orders fell faster than expected in the year to May, though export orders put in a best performance for more than a decade.
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Investors in the manufacturing sector have had to endure an array of ambiguous statistics of late
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There was plenty to keep followers of the airports/airlines sector interested this month, with FTSE 100 airports operator BAA furnishing shareholders with details of its defence against the £8.75 billion bid from Spanish raider Ferrovial
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There is plenty to stoke interest in the airports and airlines segment of the sector this month, with news emerging that Macquarie has joined the Spanish-led team seeking to buy FTSE 100 listed airports operator BAA.
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Companies in manufacturing are continuing to feel the heat, with rising energy costs and raw material hikes hitting their bottom lines.
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Although the general recruitment industry seems to be back in action – a swathe of quoted companies such as Imprint, Harvey Nash and Michael Page have reported outstanding results in favourable markets — the opposite rings true in the City outplacement services game.
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Official data issued last month suggests manufacturing could be climbing out of the doldrums. Manufacturing output rose for the fourth month running in July, beating forecasts, according to the Office for National Statistics (ONS).
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