Business News in Brief: 21/11/2010
Sunday 21 November 2010
Reed pleads for cash help for those seeking work
Reed in Partnership says that almost all long-term Job Seeker's Allowance claimants are too poor to return to work without help.
Of the 4,000 long-term job seekers Reed has helped into employment in the past year, 96 per cent needed money for travel, interview clothing, childcare and other expenses. Reed estimates that the average cost of finding a job is £146. It wants the Government to say what it is doing to help the long-term unemployed pay these costs.
Obama hopes for boost from economy
US president Barack Obama is expecting some much needed cheer on Tuesday when the country's latest DGP data is released. It is expected that the US will have grown 2.4 per cent in the last quarter, up from 2 per cent during the previous three months. The news will help the president's fightback after devastating mid-term elections, which saw the opposition Republican Party make massive gains due to widespread discontent over the economy.
Compass, the caterer, set to post £900m profit
Contract caterer Compass Group is expected to announce a full-year pre-tax profit of around £900m next week, as a swathe of companies announce final and interim results. Mitchells & Butlers, the Beefeater and Toby Carvery restaurant chain owner, is not expected to pay-out a dividend, despite raising hundreds of millions in a series of pub disposals this year. Engineering consultant Atkins, speciality chemicals group Johnson Matthey and utility Severn Trent also report.
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
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