DMGT sees jump in market share as its CFO stands down

first_imgTuesday 28 September 2010 10:41 pm Share whatsapp KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Show Comments ▼ whatsapp DMGT sees jump in market share as its CFO stands down DAILY Mail & General Trust (DMGT) received a welcome boost from its flagship Daily Mail newspaper yesterday, which reported robust trading amid a gain in market share.DMGT said that advertising revenues at its national newspaper division have risen by 13 per cent year-on-year in the past three months. Print revenues at Associated Newspapers, home to the Daily Mail and Mail on Sunday, are up 10 per cent thanks to the rise in display ads. For the year to the end of August underlying, or like-for-like, revenues at Associated Newspapers were up three per cent with circulation revenues two per cent down year-on-year. Total underlying ad revenues were up six per cent for the period.The company’s regional arm Northcliffe Media, which owns more than 100 papers, reported that total revenues fell six per cent for the 11 months to the end of August.Chief executive Martin Morgan was cautious despite the positive update. He said: “We’ve really got to see a pickup in demand for jobs before we’re really on solid ground again.”DMGT said it expects to report exceptional gains of about £60m in its full-year results for the year to 3 October. On average, analysts expect DMGT to report pre-tax profits of £240m for 2010.The firm also announced its stalwart finance director Peter Williams will step down in March. Williams has been with DMGT since 1982 and has held the position since 1991. He will be replaced by Dow Jones chief financial officer Stephen Daintith.STEPHEN DAINTITHDMGTDAILY Mail & General Trust’s long-standing finance director Peter Williams will retire after 19 years in the job. He will be replaced by Dow Jones’s chief financial officer Stephen Daintith in March.Daintith, 46, has a wealth of experience in the field. He has been with news agency Dow Jones for two years, serving in the firm’s New York office from April 2008.In January he was also appointed chief operating officer of the firm, whilst remaining as chief financial officer. At the firm he was responsible for the company’s finance functions, including business unit finance, corporate accounting, general accounting, credit, internal audit and tax as well as corporate technology and general services.Before Dow Jones, Daintith was chief financial officer of News International, joining the British newspaper arm of Rupert Murdoch’s News Corp in 2005.Before that, he was with British American Tobacco where he held several executive positions since joining in 1996. He was the managing director of the company’s Swiss unit in 2004 after two years as managing director in Bangladesh. He also served as a finance director in Pakistan from 2000, and prior to this in South Africa as a finance director and strategic planning and business development manager.He led internal audits at Forte after graduating from Leeds University as an accountant and working for PriceWaterhouse. Tags: NULLlast_img read more

SEC sets limits on derivatives industry in US

first_imgWednesday 13 October 2010 7:41 pm Tags: NULL SEC sets limits on derivatives industry in US whatsapp KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp THE top US securities regulator last night took its first stab at policing the $615 trillion (£387 trillion) over-the-counter derivatives market with a plan to mitigate conflicts of interests at venues that will handle the swaps.The Securities and Exchange Commission voted 5-0 to propose ownership limits on the swaps trading venues and clearinghouses, which will assume the risk if one party defaults.The derivatives — financial instruments companies use to hedge risk such as interest rates — have been fingered for contributing to the worst financial crisis since the Great Depression.“This proposed rule is intended to make these entities less susceptible to promoting the interests of a few participants to the potential detriment of others,” said SEC chairman Mary Schapiro.The SEC and fellow market regulator the Commodity Futures Trading Commission are crafting dozens of rules to regulate the opaque market under the Dodd-Frank financial reform bill.The SEC proposed two plans to crack down on potential conflicts at clearinghouses whose members could try to limit which products could be cleared.Under the SEC’s first plan, a clearinghouse member could only hold up to 20 per cent of a clearinghouse. Members collectively could only be allowed to hold up to 40 per cent of a clearinghouse, and a third of the clearinghouse’s board of directors must be independent.Under the alternative plan, a clearinghouse member would only be allowed to own a five per cent voting stake and the majority of the venue’s board would have to be independent directors. The SEC’s proposal is similar to a plan the CFTC floated earlier in October, though the securities regulator is pushing for more independent board directors. Show Comments ▼ Share last_img read more

Battle for £120m Bluewater stake

first_img A BATTLE for a £120m stake in the Bluewater shopping centre is in the offing, with some of the world’s largest pensions and sovereign wealth funds competing to invest.The Government of Singapore Investment Corporation (GIC), the Canada Pension Plan Investment Board (CPP), and Oxford Properties, property arm of the Ontario Municipal Employees Retirement System (Omers), are thought to be preparing bids within the next two weeks.Minority stakeholders Hermes Real Estate is selling its 7.5 per cent interest in the Kent shopping centre, which it holds on behalf of the BT pension fund.Hermes may reconsider a sale, as new chief executive Chris Taylor rates Bluewater highly. Share KCS-content whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Sunday 7 November 2010 8:36 pm whatsapp Tags: NULL Battle for £120m Bluewater stake Show Comments ▼last_img read more

Business insolvencies fall

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat News Monday 22 November 2010 8:47 pm whatsapp Share whatsappcenter_img KCS-content Business insolvencies fall More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com The number of business insolvencies fell 17 per cent to 1,635 in October compared to a year earlier business information provider Experian said yesterday. The downward trend in the number of companies going out of business is being maintained, despite worries about the economic outlook and some high-profile casualties. The figures back up official statistics released earlier this month by the Insolvency Service showing insolvencies in the third quarter at 3,974 were 2.2 per cent down on the second quarter and almost 14 per cent lower than last year. Tags: NULLlast_img read more

Spain feels the pain as the cost of its debt soars

first_imgTuesday 14 December 2010 9:29 pm whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Spain paid over 100 basis points more to sell its treasury bills at an auction yesterday compared to last month, but met strong demand as investors piled in to scoop up an attractive yield. The Treasury sold €2.51bn (£2.13bn) in 12- and 18-month bills, in the middle of a €2-3bn target range. The results had little impact on bond markets, but yields at the tender jumped dramatically from last month’s auctions after a renewed sell-off that has driven up borrowing costs for Spain. More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Sharecenter_img Show Comments ▼ Tags: NULL Spain feels the pain as the cost of its debt soars whatsapplast_img read more

Nokia US deal falls through

first_img Tags: NULL Nokia US deal falls through KCS-content Nokia’s woes continued yesterday with the announcement that a deal to launch its X7 smartphone on US carrier AT&T has fallen through. The news is a blow for the Finnish firm, which is desperate to push its new range of high-end smartphones. It is understood Nokia lost confidence in the US firm, believing the phone would not receive enough marketing and subsidisation from the carrier. Nokia’s failures in the smartphone market have largely been blamed on its Symbian operating system, which critics argue falls short of Google’s Android and Apple’s iOS4. The Finnish firm hopes to combat this with the imminent release of its new MeeGo operating system it hopes will compliment acclaimed new hardware such as its Nokia N8. Show Comments ▼ Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp whatsapp Thursday 20 January 2011 8:00 pmlast_img read more

Exxon posts a surprise 53pc rise in profits

first_img Exxon posts a surprise 53pc rise in profits Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 31 January 2011 9:00 pm Share whatsapp whatsapp KCS-content EXXON Mobil reported a better-than-expected 53 per cent increase in quarterly profit yesterday, helped by a lower tax rate and a surge in natural gas production in the US and Qatar.The oil company’s results and the spike in crude oil price past $100 a barrel helped push Exxon shares to their highest in two years in US trading, in turn propelling the Dow index up.Exxon, based in Texas, reported a fourth-quarter profit of $9.25bn (£5.78bn), or $1.85 per share, compared with $6.05bn or $1.27 per share in the same quarter a year earlier.Oil demand rose last year and the US government expects another 1.5 per cent gain this year.“The global economy appears to be stabilising with signs of modest growth in the United States and Europe and continued strong growth in the developing world, mainly in the Asia-Pacific and Latin America regions,” David Rosenthal, Exxon’s head of investor relations, told analysts on a conference call.Exxon’s exploration and production results were also lifted by higher oil prices, which climbed 12 per cent from a year earlier to average around $85 per barrel in the fourth quarter.Exxon said its fourth-quarter tax rate was about 43 per cent, down from 45 per cent in the third quarter due to changes in where taxes were collected and on what products, the company said on its earnings call.Exxon also saw higher profits in its chemicals and refining units. Tags: NULLlast_img read more

OECD index is pointing to growth

first_img Share KCS-content THE growth outlook for major industrialised economies is picking up, although big differences in momentum remain between countries, the OECD’s leading indicator for December showed yesterday.The Paris-based Organisation for Economic Development and Co-operation (OECD) said its December composite leading indicator (CLI) for 29 of its member countries rose to 102.8 from a revised 102.5 in November, pointing to stronger growth momentum.Japan, the United States and Germany were leading the charge, it said, with a more moderate outlook for Canada, France and Britain, and signs emerging of a downturn in Italy. It had previously given its OECD-area indicator for November as 102.8. Japan’s reading jumped to 103.9 from a revised 103.3 and Germany’s rose to 105.0 from 104.7. France’s indicator inched up to 102.3 from 102.2, while Italy’s reading slipped to 102.3 in December from 102.4 in November.The OECD revised down its recent readings for China, which is not a member of the club of industrialised nations, and said the CLI for December slipped to 100.5 from a revised 100.7 the previous month.“New data for China point to a downturn, reversing the tentative signs of regained growth momentum reported in last month’s assessment,” said the OECD. Tags: NULL OECD index is pointing to growth Monday 14 February 2011 8:37 pm Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap whatsapp Show Comments ▼ whatsapplast_img read more

Perform lists despite eleventh hour delay

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Thursday 7 April 2011 8:32 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementGameday News40 Abandoned Stadiums That Once Made Sports HistoryGameday NewsAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnyzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory Share DRASTIC reforms to gambling laws in Germany caused online sports media firm Perform to delay the pricing of its London listing yesterday, though the firm is still due to begin trading today.The group last night priced its initial public offering (IPO) at 260p per share, after stalling to consult investors over the German ruling. Germany’s proposals set out earlier this week include plans to tax sports betting from next year at 16 per cent of turnover, and a ban on in-game wagers.Perform, which provides online bookmakers with live video streams of sporting events, told investors its revenues would not be hit in the short to medium term by the plans.Germany was forced to make changes to its gambling laws, which currently protect its states’ “Lotto” betting monopolies, following a European Court of Justice decision.Private firms can now apply for seven national licenses for sports bets, with the added tax caveat and ban on live-play bets. Perform had tightened the price range to between 260p and 280p per share, after tough market conditions forced it to abandon a higher bracket of between 255p and 325p.The firm will bring in net proceeds of £67.5m through a primary share offer, increasing its market capitalisation to £586m.Russian-American billionaire Len Blavatnik’s Access Industries, which owns 58 per cent of the firm, will net up to £40m through the sale of some of its existing stock.Access will retain 45.3 per cent, while management will own a 23.1 per cent stake in the company.Perform’s chief executive Oliver Slipper said: “This is the right time in our development to move to the public markets.” center_img Tags: NULL whatsapp whatsapp Perform lists despite eleventh hour delay KCS-content last_img read more

UK manufacturers see output and orders rise

first_img Share UK manufacturers see output and orders rise alison.lock Show Comments ▼ Tuesday 26 April 2011 9:28 am Tags: NULL whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org UK manufacturers painted an upbeat picture of output and new orders over the past three months, new data from the Confederation of British Industry shows.Strong growth in production led to constraints on companies’ production capacity and pushed up hiring in the quarter to April, while firms pushed up their selling prices to cover the soaring costs of raw materials.Over the quarter, a net 20 per cent of manufacturers saw growing output as both domestic and export orders increased. A net 24 per cent of companies said export orders grew – the fastest rate since April 1995. But a net 53 per cent of firms said average unit costs had gone up, the highest since October 2008, leading 29 per cent to raise domestic prices and 30 per cent to up export prices in response.A total 55 per cent of companies said they were working at below capacity – down from 62 per cent a year ago – while 29 per cent said lack of plant capacity may constrain their output in the coming quarter, up from 14 per cent in April 2010.“The manufacturing recovery remains firmly on track. Strong demand at home and abroad and rapid restocking over the past quarter have led to another solid rise in production, with growth expected to continue over the next quarter,” said CBI director-general John Cridland.April’s monthly result gave economists some cause for concern, as it showed a dip in order books for a net 11 per cent of firms – those who said orders rose minus those who said they fell). April’s result was a fall from March, where a net five per cent of firms said their order books rose, but is a more volatile set of results. “It appears that both domestic and foreign demand lost momentum in April as the export orders balance retreated,” said IHS Global Insight chief UK economist Howard Archer.“The concern is that manufacturers will find life increasingly challenging over the coming months as stock rebuilding wanes and tighter fiscal policy weighs down on domestic demand.” whatsapplast_img read more