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Friday, 31-May-2013 19:42 Email | Share | Bookmark
PRESS DIGEST - British Business - May 30

Reuters has not verified these stories and does not vouch for their accuracy. The Telegraph CAPITA PLANS TO CLOSE O2 CALL CENTRES AND CUT THOUSANDS OF JOBS Capita Plc has secretly planned to shut down two O2 call centres that employ more than 1,200 staff as part of a major outsourcing deal announced last week. () HIGH STREET FEELS SQUEEZE AS SALES FALL Britain's high street was dealt a blow on Wednesday as a poll revealed that retail sales this month sank at their fastest pace in more than a year. () The Guardian SMITHFIELD FOODS SALE TO CHINESE FIRM GIVES US PORK GIANT ENTRY TO CHINA China's Shuanghui International has made a $4.7 billion bid to takeover Smithfield Foods, the world's largest pork producer, in what would be the biggest takeover of a U.S. company by a Chinese firm to date - if it passes regulatory hurdles. () NASDAQ TO PAY $10 MLN GOVERNMENT FINE OVER DISRUPTION TO FACEBOOK'S IPO Nasdaq OMX Group Inc has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook Inc's public stock offering last year. <br>For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/05/30/britain-press-business-idUSL3N0EA3T620130530

Chicago Business Barometer Jumps To One-Year High In May

With the much bigger than expected increase, the Chicago business barometer reached its highest level since March of 2012 after hitting a three-and-a-half-year low in April. The ISM said the rebound by the business barometer was highlighted by a surge in production, order backlogs, employment and supplier deliveries from contraction to expansion. The report showed that the production index soared to 62.7 in May from 49.9 in April, while the order backlogs index climbed to 53.1 from 40.6. The employment index jumped to 56.9 in May from 48.7 in April, indicating a rebound by regional employment. The supplier deliveries index also rose to 52.3 from 47.9. Additionally, the report said the new orders index advanced to 58.1 in May from 53.2 in April, suggesting an acceleration in the pace of new orders growth. On the inflation front, the prices paid index pointed to a faster rate of price growth, climbing to 55.3 in May from 51.0 in April. <br>For the original version including any supplementary images or video, visit http://www.rttnews.com/2128473/Chicago-Business-Barometer-Jumps-To-One-Year-High-In-May.aspx

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