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NY:  Empire State Manufacturing Survey

The monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York.

Business activity continued to grow at a solid clip in New York State, according to firms responding to the January 2018 Empire State Manufacturing Survey. The headline general business conditions index, at 17.7, was little changed from last month’s level. The new orders index and the shipments index both showed ongoing growth, although at a slower pace than in December. Unfilled orders and delivery times increased slightly, and inventory levels were higher. Labor market conditions pointed to a modest increase in employment and steady workweeks. Both input prices and selling prices increased at a faster pace than last month. Firms remained very optimistic about future business conditions, and capital spending plans were robust.

Conditions Remain Favorable

Manufacturing firms in New York State reported that business activity continued to expand strongly. The general business conditions index was little changed at 17.7. Thirty-two percent of respondents reported that conditions had improved over the month, while 15 percent reported that conditions had worsened. The new orders index moved down seven points to 11.9, and the shipments index declined nine points to 14.4—readings that indicated ongoing growth in orders and shipments, although at a slower pace than last month. The unfilled orders index climbed into positive territory and, at 4.3, indicated a small increase in unfilled orders. The delivery time index was 3.6, indicating that delivery times lengthened somewhat, and the inventories index rose to 13.8, a sign that inventory levels grew moderately.

Price Increases Pick Up for a Second Consecutive Month

The index for number of employees fell nineteen points to 3.8, a level suggesting only a small increase in employment levels. The average workweek index fell to a level near zero, indicating that hours worked were unchanged. Price increases continued to pick up. The prices paid index climbed seven points to 36.2, and the prices received index moved up ten points to 21.7.

Firms Remain Optimistic about Future Conditions

Looking ahead, firms remained optimistic about the six-month outlook. The index for future business conditions edged up two points to 48.6. The index for future inventories rose to 20.3, a record high, indicating that firms expect to build up inventories significantly in the months ahead. The index for future number of employees rose three points to 26.9, a multiyear high. The capital expenditures index edged up to 34.8, also a multiyear high, suggesting capital spending plans were solid.

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London teen (16) sentence increased to 12 year for park rape

Teenager has sentence increased after the Attorney General referred his original sentence to the Court of Appeal as unduly lenient

A 16 year old boy has had his sentence increased after Attorney General Jeremy Wright QC MP referred his original sentence to the Court of Appeal as unduly lenient.

The teenager from down town South East London, who cannot be named due to his age, was originally sentenced to 6 years in a detention centre last October at Woolwich Crown Court.

The Court has increased the sentence to a 12 year extended sentence comprising of 6 years detention and a 6 year extended licence.

On 19 April 2017 the offender approached the 46 year old victim who was walking through Sutcliffe Park in Eltham. He showed her a knife that was concealed in his waistband and told her to ‘walk normal’. He threatened to stab her in the face if she tried to run away.

After leading the victim to some bushes, he instructed her to remove the lower part of her clothing and he raped her.

After the attack, the victim tried to run away but the offender caught up with her and grabbed her bag. There was a struggle over the bag before the offender managed to run away and the victim was able to call for help.

Speaking after the hearing, the Attorney General said: This attack left the victim fearing for her life. The original sentence failed to take proper account of the seriousness of the offence and the danger this young man poses to the public. I am pleased the Court has now seen fit to increase his sentence, and I hope it can bring some comfort to the victim and her family.

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London: Man (19) pleads guilty to wounding his own mother; the man stabbed his mother 23 times

A man who stabbed his mother 23 times has pleaded guilty to wounding with intent.

Police and the London Ambulance Servuce were called and found the 51-year-old woman with multiple stab injuries. The victim was taken to hospital in a critical condition, but survived the ferocious attack.

The attack was believed to be as a result of a psychotic episode, that the court heard may have been contributed to by cannabis misuse.

Jabbie had fled the scene, but was later arrested at an address in Lewisham and charged on Tuesday, 18 May

He was originally charged with attempted murder; but a plea of wounding with intent was accepted.

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UK Inflation overall has been running at roughly the same rate since last spring

London: Inflation has been running at roughly the same rate since last spring following significant increases, partly due to the weaker pound after the European referendum. It remains too early to say whether today’s slight fall is the start of any longer-term reduction in the rate of inflation.

“Rising air fares having a smaller impact on headline inflation than last year and the falling cost of various toys and games helped nudge down inflation in December. These were partially offset by rising tobacco prices.

“Increasing costs of tobacco and chemicals, partially offset by slowing petroleum price rises, helped push up the price of goods leaving factories. However, there was a slowdown in the increase in raw material costs, mainly due to falling crude oil prices.

“House price growth has been little changed in recent months, with a cooling London property market offset by price rises in the Midlands.”

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Bombardier and Conair Announce Purchase Agreement for Six Q400 Aircraft for Conversion into Q400 Multirole Airtankers

The first six aircraft to be supplied to Conair under its airtanker teaming agreement with Bombardier

Aircraft will be modified to incorporate Conair’s proven Retardant Delivery System and interiors to accommodate passenger, cargo, combi, and medivac requirements

Enhanced Q400 Multirole aircraft will join Bombardier’s fleet of over 1,000 specialized aircraft operating around the world

Bombardier Specialized Aircraft announced today that Conair Group Inc., the world’s leading provider of fixed wing aerial firefighting aircraft, has purchased six Q400 aircraft. Based on the current list price, the firm order is valued at approximately $206 million US. Conair operates the world’s largest fleet of privately owned fixed wing airtankers and supplies specialty aerial firefighting aircraft and products worldwide. These six Q400 production aircraft will be modified to incorporate an enhanced version of Conair’s proprietary Retardant Delivery System. In the Q400 Multirole configuration, the retardant tank can be removed and reinstalled in the field in a few hours. This enables the aircraft to efficiently perform additional roles in emergency response, passenger and cargo transport, medivac, and coastal patrol without compromising its exceptional firefighting capabilities.

“The enhanced Q400 Multirole has the most advanced airtanker capabilities of any aircraft in service today,” said Barry Marsden, Chairman & CEO, Conair. “The Q400 Multirole’s versatility delivers optimal value by accommodating year-round service in passenger, cargo, combi transport, medivac, emergency response, surveillance and patrol without compromising state-of-the-art airtanker capabilities.”

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UK CPI inflation eased to 3%t over the 12 month period to December from 3.1% in November. Euro currently more or less neutral (-0.08%) vs. Pound Sterling at £0.8885

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BMW Group acquires Parkmobile, LLC to become world’s leading provider of digital parking solutions

Munich. The BMW Group has acquired Parkmobile, LLC, the largest provider of mobile parking services in North America, in January 2018, making the BMW Group the leading international provider of digital parking solutions.

With its corporate strategy NUMBER ONE > NEXT, the BMW Group is firmly focused on the mobility of the future and investing heavily in tomorrow’s technologies, including expanding its range of mobility services. With the acquisition of Parkmobile, LLC, the company can better address an essential element of urban mobility: parking solutions.

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UK Inflation has dropped slightly to 3% (EUR -0.02% at £0.8888)

London: rate of inflation has eased for the first time since June last year, falling to 3% in December as growth in food costs slowed.

The UK Office for National Statistics (ONS) said a weaker increase in air fares compared to the same month in 2016 also contributed in the fall in consumer price inflation from 3.1% in November - then a post-Brexit vote high.

Higher import costs because of the collapse in the value of the pound has been largely responsible for driving living costs up in 2017.

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Central bank of China (People’s Bank of China) suggested Chinese authorities should impose a complete ban on the trading of cryptocurrencies like Bitcoin,  ban all businesses and individuals that provide associated services.

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Jan Dunning Dutch CEO of Russian Lenta told :  “The Lenta chain has met its targets for opening new hypermarkets and supermarkets in 2017”.

During the year, Lenta opened 40 hypermarkets and 49 supermarkets, adding 236,329 sq. m. of total selling space.  It entered six new cities – Novosibirsk, Yekaterinburg, Tula, Vladimir, and Ivanovo – while expanding its selling space in Moscow by 72%.

As of end-2017, it operated 231 hypermarkets and 97 supermarkets across 83 cities, totalling 1,382,477 sq. m. of space.

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About 47 children have been injured - six seriously - after a school bus crashed into a SHOP in southern Germany this morning.

(D), Eberbach: About 47 children have been injured - six seriously - after a school bus crashed into a shop in southern Germany this morning.

The accident, which saw a bus smash into an electronics shop, happened in Eberbach, 20 miles from Heidelberg in southern Germany. It is believed the vehicle crashed into several other cars before hitting the building.

Dieter Klumpp, a police spokesman, said: “I can confirm six seriously hurt children, 21 casualties in all. Dozens of emergency vehicles are in attendance.” The driver of the bus is said to have escaped with light injuries in the accident which happened shortly before 09.00 hrs. The cause of the crash is unknown? 

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ABNAMRO: Digitaal platform voor valutatransacties en internationaal betalingsverkeer geeft MKB-ers volledige regie

MKB-ondernemers die internationaal zakendoen, kunnen vanaf vandaag terecht bij Franx: een nieuw digitaal platform voor valutatransacties en internationaal betalingsverkeer. Nederland kent zo’n 50 duizend MKB-bedrijven die zaken doen in landen met een vreemde valuta. Franx bedient deze groeiende groep MKB-ers. Franx is een dochteronderneming van ABN AMRO en biedt ondernemers de mogelijkheid om vanaf één multi-valutarekening in 26 valuta’s internationale betalingen te doen en daarbij zelf het valuta risico af te dekken.

Bij internationale betalingen in vreemde valuta is er vaak sprake van valutarisico. Bij Franx kunnen ondernemers een betaling uitvoeren en daarnaast hun valutarisico afdekken. Franx is uniek in het aanbieden van één IBAN-rekening, waarop zij alle valuta’s kunnen ontvangen en betalen. Alle inkomende en uitgaande betalingen lopen daarmee overzichtelijk via één rekening. Franx heeft één digitaal platform voor hun transacties en betalingen waarbij de MKB-ondernemer zélf aan de knoppen zit.

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HUGO BOSS increases pace of growth and achieves its annual targets

Q4 2017

·      Currency-adjusted Group sales up 5% in the fourth quarter

·      Retail comp store sales up 7% on prior year

·      Online sales up by 42%

Fiscal year 2017

·      Currency-adjusted sales up 3%

·      EBITDA before special items on prior year level on a preliminary basis

·      Final results to be published on March 8, 2018

“We achieved our goals for 2017”, comments Mark Langer, Chief Executive Officer of HUGO BOSS AG. “The final quarter was particularly pleasing. The strong development in own retail shows that we are on the right path with the changes we are making to our collections and stores. With the current Spring/Summer collection which has just been launched in the stores, the realignment of BOSS and HUGO is now fully visible for the first time. We strive to carry the momentum gained in the last months into 2018. Our online business is now on track, too, and will make a sustainable contribution toward the growth of the company.”

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Value8 verkoopt optie SnowWorld aan Alychlo

Value8 meldt dat zij overeenstemming heeft bereikt met Alychlo over de verkoop van haar optierecht op 5 procent van het aantal uitstaande aandelen SnowWorld. De uitoefenprijs van deze optie bedraagt 8 euro en de optie loopt tot 1 december 2018.

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Groupe PSA sold 3,632,3001 vehicles worldwide!  Strong acceleration in 2017: Groupe PSA worldwide sales up 15.4% 

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Germany's population stood at 82.5 million at the end of 2016 risen mainly due to immigration!

Population estimated to have reached at least 82.8 million in 2017

Berlin: Germany's total population rose by 346,000 in 2016 on a year earlier (+0.4%) to stand at 82.5 million at the end of the year. In 2015, the increase was significantly higher (978,000 people or +1.2%).

As in the preceding years, the population increase in 2016 was mainly due to immigration, with a surplus of 498,000 people (2015: +1,139,000).

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Berlin: Consumer prices in 2017: +1.8% on the previous year; Inflation rate at +1.7% in December 2017 in Germany

Consumer prices in Germany rose by 1.8% on an annual average in 2017 compared with 2016. The increase was above the relevant levels of the past four years. Between 2014 and 2016, the year-on-year-rates of price increase were even below one percent each.

Consumer price index ranged between +1.5% and +2.2% in the individual months of 2017. In December 2017, the inflation rate stood at +1.7%. 

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GREGGS plc : Total sales up 7.4% IN 2017

FOURTH QUARTER TRADING UPDATE

Greggs is the leading bakery food-on-the-go retailer in the UK,

with more than 1,850 retail outlets throughout the country

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Nieuwe Chief Executive Officer Beter Bed Holding

De Raad van Commissarissen van Beter Bed Holding N.V. is voornemens om John Kruijssen te benoemen als Chief Executive Officer (CEO) en statutair bestuurder. 

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