People & Business: Crying wolf
Thursday 06 May 1999
The title does not just refer to the CBI's April Industrial Trends survey, which shows a sharp recovery in UK manufacturer's optimism. It also reflects the experience a week ago of Kevin Gardiner, head of the economics team at Morgan Stanley. For Mr Gardiner was on the BA flight from San Francisco to London which announced that it was "about to make an emergency landing on water."
Mr Gardiner recalls: "I do remember ... noticing we were still over land. But I had to take the announcement at face value. My heart beat went from very slow to very fast."
Happily the pre-recorded message was revealed as a mistake 30 seconds later. Mr Gardiner thinks there is a link here with the way the CBI "cried wolf" about the British economy last year, only for its latest survey to show the sharpest rebound in its 30 year history.
Its a smooth ride from now on for UK equities, according to the Morgan Stanley team.
- 1 Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
- 2 What supermodels really think about posing in the nude
- 3 North Korean defector flees to Finland 'with evidence of chemical testing on humans'
- 4 Black teen in critical condition after store employee 'shoots him for stealing 79-cent pack of cookies'
- 5 Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
Greece debt crisis explainer: A history of just how the country landed itself in such a mess
North Korean defector flees to Finland 'with evidence of chemical testing on humans'
Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
Isis schoolgirl Amira Abase who fled London to join terrorists in Syria mocks victims of Tunisia massacre
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...