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

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

Delayed Quote. Delayed  - 08/25 05:35:16 pm
4816 GBp   +0.32%
08/23 TUESDAY SECTOR : Food, Cigarettes & Tobacco Stocks
08/18 FTSE edges up, helped by miner rally
08/18 LONDON MARKET C : Ex-Dividends Limit Gains, Sterling Above USD1.31
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CEST

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
08/23 TUESDAY SECTOR LAGGARDS : Food, Cigarettes & Tobacco Stocks
08/18 FTSE edges up, helped by miner rally
08/18 LONDON MARKET CLOSE : Ex-Dividends Limit Gains, Sterling Above USD1.31
08/18 WINNERS & LOSERS SUMMARY : Kaz Minerals Leads Mining Sector Gainers
08/18 LONDON MARKET OPEN : Miners' Rally Offsets FTSE 100 Ex-Dividend Losses
08/18 BRITISH AMERICAN TOBACCO PLC : ex-dividend day for interim dividend
08/06 BRITISH AMERICAN TOBACCO : Only bat nominee on itc board resigns
08/01 BRITISH AMERICAN TOBACCO : Director Declaration
08/01 BRITISH AMERICAN TOBACCO : *berenberg raises bat price target to 4900 pence - 'h..
07/29 BRITISH AMERICAN TOBACCO : *deutsche bank raises bat price target to 5300 pence ..
More news
Sector news : Tobacco - NEC
08/23DJSABMiller Says U.K. Court Agrees Largest Shareholders Can Be Separate Class
08/23DJCourt Lets SABMiller Treat Biggest Shareholders as Separate Class in Takeover..
08/23DJCourt Lets SABMiller Treat Biggest Shareholders as Separate Class in Takeover..
07/30DJBrewer Clears Path to Deal -- WSJ
07/29DJSABMiller Board Backs AB InBev's Higher Offer -- 6th Update
More sector news : Tobacco - NEC
News from SeekingAlpha
08/24 Should Income Investors Consider The U.K. Tobacco Giants?
08/19 Tracking David Winters' Wintergreen Advisers Portfolio - Q2 2016 Update
08/16 Tracking Gardner Russo & Gardner Portfolio - Q2 2016 Update
08/02 Invesco International Growth Fund A (AIIEX) July Summary
07/26 PHILIP MORRIS : Long-Term Play
Advertisement
Financials ( GBP)
Sales 2016 14 432 M
EBIT 2016 5 463 M
Net income 2016 4 487 M
Debt 2016 15 078 M
Yield 2016 3,42%
P/E ratio 2016 19,88
P/E ratio 2017 18,40
EV / Sales 2016 7,25x
EV / Sales 2017 6,74x
Capitalization 89 498 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
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 48,8  GBP
Spread / Average Target 1,7%
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..27.30%118 301
PHILIP MORRIS INTERNAT..13.90%155 334
REYNOLDS AMERICAN, INC..9.90%72 395
IMPERIAL BRANDS PLC11.70%50 767
SWEDISH MATCH AB1.70%6 784
ESSENTRA PLC-38.16%1 779
More Results