Morrisons reveals growth ‘well ahead’ of rivals

Author: By Kelly Macnamara, Press Association

The supermarket chain said like-for-like sales, excluding fuel and VAT, were
up 4.3 per cent in the 13 weeks to 1 November, a slowdown from the previous
period as falling food inflation took its toll.

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Japanese growth beats expectations

Author: By Sean O’Grady, Economics Editor

The Japanese economy, which was hard hit by the slowdown in international trade, grew by a better-than- expected 1.2 per cent between July and September. The figure, equivalent to an annual growth rate of 4.8 per cent, represents Japan’s best performance in many years. It is also an acceleration of the 0.7 per cent quarterly rise seen in the spring.

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Britain faces ‘slow recovery and lower living standards’

Author: By Sean O’Grady, Economics Editor

While the employers’ organisation seems confident that the UK has emerged, technically, from recession in the past few months, it stressed that 2010 would be a “tough” year economically, with falling living standards and growth that would actually fall back slightly in the new year, fuelling fears that the UK could experience the much-feared “double dip” or “W-shaped” recession.

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Positive Changes Underway in the Houston Residential Real Estate Market

By Richard Soto.

Houston is a dominant presence in the state of Texas – and worldwide, for that matter – so it only makes sense that many industry analysts have kept their eye on the Houston real estate market. Given the fact that Houston boasts a huge cultural and economic presence, the success or decline of the region can then start a wave to other cities in Texas, as well as in the United States.

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David Prosser: A bogeyman only in our imagination?

Just one problem. Inflation, as measured by the Consumer Price Index, hasn’t yet fallen below 1 per cent, which would trigger a letter of explanation about missed targets from the Bank to the Chancellor, let alone into deflation territory. Indeed, we learnt yesterday that inflation did not fall at all last month.

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David Prosser: Airports face a terminal decline

A decade ago, Ryanair would not have been able to take on Manchester by moving its business elsewhere. If thousands of passengers had been told their flights were going to be departing from airports hundreds of miles away, they would just have moved to rival airlines.

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Friends Reunited could be sold for £15m

Author: By Graeme Evans, PA

ITV paid an initial £120 million for the business in December 2005, but the
popularity of websites such as Facebook and the slowdown in online
advertising due to the recession has dramatically reduced its value.

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David Prosser: Have MPC members lost their nerve?

Mervyn King has already produced one set of economic forecasts that were markedly less optimistic than Mr Darling’s prognosis for the future, predicting in May’s Inflation Report that the UK would not move into recovery phase before next year. Judging by the MPC’s statement yesterday, its members are no less gloomy three months on.

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Company liquidations hit 16-year peak

Author: By Mathieu Robbins

The number of companies entering liquidation isset to reach its highest level
in 16 years according to the research, by accountancy firm Wilkins Kennedy.

The number of businesses ceasing to trade in the year to March 31 2009 is
expected to reach 23,713, according to the firm, which analysed data from
Companies House. This would be a 17 per cent rise on the previous year and
the highest since 1992-93, when the UK economy began to emerge from the last
recession and liquidations, which tend to peak towards the end of a
slowdown, reached 28,700.

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Skills shortage in IT leads to rise in pay and jobs despite slowdown

Author: By Sarah Arnott

Nearly half (49 per cent) of the IT directors surveyed by ReThink Recruitment say they will be increasing employee numbers over the coming 12 months, and just 13 per cent anticipate having to lose staff. More than two-thirds (69 per cent) are also looking to either maintain or increase the number of contractors they employ.

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