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22/08/2001
Gap in fortunes between UK service and manufacturing sectors widens
The Office for National Statistics (ONS) has released figures which show a widening gap in fortunes between the UK's buoyant services firms and its recession-hit factories.
ONS said that while service industries performed better in the spring than it had previously thought, producers had recorded a worse-than-expected decline.
Figures revealed that output from UK producers fell by 1.1 per cent in the April-June quarter, with production by manufacturers slumping 2 per cent.
However, the service sector output was revised upwards to 0.8 per cent during the quarter, from an original estimate of 0.6 per cent, thanks largely to unforeseen strength in the hotels and restaurant industries.
The ONS report left its estimate of overall UK economic growth unchanged at 0.3 per cent above the quarter before.
The report, which follows official confirmation that UK manufacturing has entered recession, has prompted concerns about the contrasting fortunes of service and production sectors. (MB)
ONS said that while service industries performed better in the spring than it had previously thought, producers had recorded a worse-than-expected decline.
Figures revealed that output from UK producers fell by 1.1 per cent in the April-June quarter, with production by manufacturers slumping 2 per cent.
However, the service sector output was revised upwards to 0.8 per cent during the quarter, from an original estimate of 0.6 per cent, thanks largely to unforeseen strength in the hotels and restaurant industries.
The ONS report left its estimate of overall UK economic growth unchanged at 0.3 per cent above the quarter before.
The report, which follows official confirmation that UK manufacturing has entered recession, has prompted concerns about the contrasting fortunes of service and production sectors. (MB)
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15 March 2002
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
11 October 2001
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
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