Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  British American Tobacco plc    BATS   GB0002875804

Delayed Quote. Delayed  - 02/21 05:35:12 pm
4993 GBp   +0.21%
02/20BRITISH AMERICA : annual earnings release
02/18 British FTSE 100 decreases 0.14%
02/10 BROKER RATINGS : Berenberg Upgrades BAT To Buy From Hold
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

British American Tobacco plc : British companies' hiring set to slow: surveys

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/12/2012 | 10:31am CET

British employers expect to take on fewer new staff in the months ahead, a report by recruitment firm Manpower Group showed on Tuesday, chiming with another survey indicating that growth in permanent job placements slowed in May.

While the polls highlight the risk that the recent fall in unemployment will not last, they also show some unexpected resilience at a time when the economy is back in recession and the euro zone debt crisis is renewed fresh dangers.

"When you're going head to head with a return to recession at home and a burgeoning euro zone crisis, by rights the jobs market should be in free fall - but that's not what we're seeing," Manpower's UK managing director Mark Cahill said.

"Firms are still looking to hire, albeit at a weaker pace than before."

Manpower's seasonally adjusted employment outlook balance ticked down to +1 for the third quarter of this year from +2 in the second.

But Cahill warned that many companies were cautious because of the huge uncertainty about the euro zone. "It is a wait-and-see attitude," he told Reuters.

A survey from the Recruitment and Employment Confederation (REC) and consultancy KPMG showed that the number of permanent placements grew in May at the slowest pace so far this year and the number of vacancies also increased at a slower rate.

"Clearly the economic backdrop and the euro zone crisis are making some employers think twice before taking on new staff," said REC chef executive Kevin Green.

"Looking ahead, it's likely that unemployment figures will rise over the next few months as another wave of young people leave education," Green said. "We have a weakening jobs market which will only improve once demand returns to the economy."

Britain's economy fell back into recession around the turn of the year and while unemployment has fallen in recent months, the outlook remains tough as the government is axing hundreds of thousands of public sector jobs in its attempt to erase a huge budget deficit.

The quarterly Manpower survey showed hiring expectations worsened in four out of nine industry sectors for the third quarter compared with the second quarter. Of the four sectors that expected to take on new workers, financial services and utilities reported the strongest hiring intentions.

Manpower said this could be due to one-off factors, such as banks taking on staff to handle complaints related to the misselling of Payment Protection Insurance. In the utilities sector, hiring intentions may have received a boost from plans to construct a new power plant.

(Reporting by Sven Egenter and Fiona Shaikh)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BRITISH AMERICAN TOBACCO P
02/20BRITISH AMERICAN TOBACCO PLC : annual earnings release
02/18 British FTSE 100 decreases 0.14%
02/10 BROKER RATINGS SUMMARY : Berenberg Upgrades BAT To Buy From Hold
02/10 BRITISH AMERICAN TOBACCO : *berenberg raises bat to 'buy' (hold) - price target ..
02/09 BRITISH AMERICAN TOBACCO : British American Tobacco recognised as a Top Employer..
02/09 BRITISH AMERICAN TOBACCO : Patent Issued for Heat Insulated Apparatus for Heatin..
02/09 BRITISH AMERICAN TOBACCO : recognised as a Top Employer in Europe for seventh co..
02/09DJReynolds American Profit and Revenue Climb
02/03 BRITISH AMERICAN TOBACCO : pounds sterling 13bn swoop for US giant by Dettol mak..
02/03 BRITISH AMERICAN TOBACCO : FTC Urged to Consider Allegations of British American..
More news
Sector news : Tobacco - NEC
02/16 FTSE retreats from one-month peak, mid-cap index snaps winning streak
02/14DJPHILIP MORRIS INTERNATIONAL : Thailand Slaps Philip Morris With More Tax Evasion..
02/09DJReynolds American Profit and Revenue Climb
02/07DJITC : Indian Government Sells 2% Stake in ITC for $997 Million
02/03DJALTRIA : Investigating Whether Recalled Products Were Tampered With -- 2nd Updat..
More sector news : Tobacco - NEC
News from SeekingAlpha
02/18 Tracking David Winters' Wintergreen Advisers Portfolio - Q4 2016 Update
02/17 Take The Road Less Traveled
02/14 Tracking Gardner Russo & Gardner Portfolio - Q4 2016 Update
02/14 PREMARKET GAINERS / LOSERS AS OF 9 : 10 am
02/07 Assessing Altria Group's Results For Q4 2016 (Including 2017 Dividend Project..
Advertisement
Financials ( GBP)
Sales 2016 14 855 M
EBIT 2016 5 456 M
Net income 2016 4 793 M
Debt 2016 15 432 M
Yield 2016 3,29%
P/E ratio 2016 19,27
P/E ratio 2017 17,73
EV / Sales 2016 7,29x
EV / Sales 2017 6,51x
Capitalization 92 892 M
More Financials
Chart BRITISH AMERICAN TOBACCO P
Duration : Period :
British American Tobacco p Technical Analysis Chart | BATS | GB0002875804 | 4-Traders
Full-screen chart
Technical analysis trends BRITISH AMERICAN ...
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 52,9  GBP
Spread / Average Target 6,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Nicandro Durante Chief Executive Officer & Executive Director
Richard George William Burrows Chairman
Alan Davy Group Operations Director
John Benedict Stevens Executive Director & Chief Information Officer
David O'Reilly Group Scientific Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BRITISH AMERICAN TOBAC..7.81%115 724
PHILIP MORRIS INTERNAT..13.30%160 817
REYNOLDS AMERICAN, INC..8.37%86 597
IMPERIAL BRANDS PLC5.49%44 633
SWEDISH MATCH AB-4.35%5 962
ESSENTRA PLC4.97%1 585
More Results