Author: LoveWorld UK

Britain’s construction industry unexpectedly picked up speed in September, helped by a post-lockdown bounce in the housing market, a survey showed on Tuesday. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index accelerated to 56.8 from 54.6 in August, above all forecasts in a Reuters poll of economists which had pointed to a slight slowing. “Following August’s slowdown, growth in UK construction activity rebounded strongly in September,” Eliot Kerr, an economist at IHS Markit, said. “Forward-looking indicators point to a sustained rise in activity, with new work increasing at the quickest pace since before the lockdown and sentiment towards the 12-month…

Germany’s service sector barely grew in September, but strong manufacturing helped the private sector in Europe’s largest economy to remain on track for a solid recovery in the third quarter, a survey showed on Monday. IHS Markit’s final services Purchasing Managers’ Index (PMI) fell to 50.6 from 52.5 in the previous month. The reading, which came in higher than a flash reading of 49.1, marked the third month in a row that the services index was above the 50 mark dividing growth from contraction. The final composite PMI covering both the services and manufacturing sectors rose to 54.7 from 54.4…

The British government launched a new employment programme on Monday aimed at helping those left jobless due to the COVID-19 pandemic to get back into work. The Department for Work and Pensions said the Job Entry Targeted Support (JETS) scheme would be backed by a 238 million pound investment. The ministry said jobseekers put forward for the scheme would have access to tailored, flexible support to quickly get back into employment. This could involve specialist advice on how people could move into growing sectors, as well as coaching on CVs and interviews. “JETS will give recently unemployed people the helping…

Tottenham Hotspur’s Jose Mourinho delivered a sharp riposte to critics of his “defensive” style on Sunday, saying after their 6-1 Premier League win over Manchester United that they would have scored 10 if only they had a more attacking coach. Mourinho came in for criticism last season due to some defensive displays and disappointing results after he took over from the sacked Mauricio Pochettino in November. However, Sunday’s victory, which followed a 7-2 win over Maccabi Haifa in Europe on Thursday, saw Spurs join Premier League top scorers Everton and Leicester City on 12 goals from four games. “Imagine if…

British finance minister Rishi Sunak warned that a further lockdown would cripple both the economy and society, in an interview with The Sun newspaper, stating that lockdowns have a very strong economic and social impact. “Having a difficult economy has an impact on both our ability to fund public services like the NHS but also on individual people’s long-term health outcomes,” Sunak said, according to the newspaper bit.ly/3jxkj5k. Sunak spoke about his dissatisfaction with the 10 pm curfew on pubs and restaurants saying that, “Of course it’s frustrating. I know it’s difficult and wish we didn’t have to do these things.”…

Stocks rose on Monday as signs that President Donald Trump’s health was improving eased some of the political uncertainty caused by his coronavirus infection, which sent investors rushing for safety last week. Trump, 74, was flown to hospital for treatment for the coronavirus on Friday, but his doctors say he has responded well and could return to the White House on Monday. That helped U.S. S&P 500 e-mini futures EScv1 rise 0.62%, while Nasdaq futures NQc1 gained 0.89%. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.08%. Euro Stoxx 50 futures STXEc1 were up 0.82%, German DAX futures FDXc1 rose 0.72%, and FTSE futures FFIc1 gained by 0.91%. Overhanging the…

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Tottenham Hotspur boss Jose Mourinho has responded to England manager Gareth Southgate’s comments about managing Harry Kane’s workload by saying he will not play the striker in any of the football club’s friendlies. With fixtures coming thick and fast for Spurs, Mourinho had called on Southgate to protect Kane by not playing him in all of England’s upcoming games, including a friendly with Wales and Nations League matches against Belgium and Denmark in October. Southgate had hit back, saying concerns over Kane’s fitness worked both ways. He urged Mourinho to ensure the England captain was in good shape for Euro…

Ireland’s Prime Minister Micheal Martin said on Friday Britain must respect Brexit arrangements for the sensitive Irish border as this week’s talks between the bloc and London failed to close the gaps on a new trade deal. The EU launched a legal case against Britain on Thursday for undercutting their divorce deal and a senior UK minister said differences remained in talks on a post-Brexit partnership in everything from trade to energy to transport. British Prime Minister Boris Johnson was expected to talk on the phone with the head of the EU’s executive, Ursula von der Leyen, on Saturday to…