Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
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
06/26 BRITISH AMERICAN TOBACCO : Wound healing goes up in cigarette smoke
06/22 BRITISH AMERICAN TOBACCO : Patent Issued for Capsule Formation (USPTO 9676150)
06/15 BRITISH AMERICAN TOBACCO : Vapor from novel tobacco hybrid device minimally impa..
06/15 BRITISH AMERICAN TOBACCO : BAT expects boost
06/15 BRITISH AMERICAN TOBACCO : Reynolds, BAT votes set for July 19 Reynolds, BAT sha..
06/15 TOYOTA MOTOR : New U.S. funds would mimic ADRs but cut currency risk - filing
06/14 BRITISH AMERICAN TOBACCO : Publication of Circular and Prospectus in connection ..
06/14 BRITISH AMERICAN TOBACCO : Publication of Circular and Prospectus in connection ..
06/14 BAT-REYNOLDS : Publication of Circular & Prospectus
06/14 BRITISH AMERICAN TOBACCO : First half Pre-Close Trading Update 2017
More news
Sector news : Tobacco - NEC
05/30 British American Tobacco to expand 'glo' smokeless tobacco sales in Japan fro..
05/26DJITC : India's ITC Net Profit Rose 12% in Latest Quarter
05/03DJImperial Invests in Caffeine Products to Counter Smoking Slump -- 2nd Update
05/03 Imperial Brands could launch heated tobacco product in months if needed
05/03 IMPERIAL BRANDS : results hurt by slowdown, investment
More sector news : Tobacco - NEC
News from SeekingAlpha
06/16 WALL STREET BREAKFAST : Havana Au Go-Go?
06/16 Youth tobacco use dropped in 2016
06/15 British American Tobacco (BTI) Presents At Deutsche Bank Global Consumer Conf..
06/14 Highlights from British American Tobacco's business update
06/13 S&P 500 Gets Destroyed By Low-Beta Index
Financials ( GBP)
Sales 2017 16 516 M
EBIT 2017 6 162 M
Net income 2017 5 155 M
Debt 2017 16 106 M
Yield 2017 3,40%
P/E ratio 2017 19,75
P/E ratio 2018 17,62
EV / Sales 2017 7,16x
EV / Sales 2018 6,80x
Capitalization 102 116 M
More Financials
Duration : Period :
British American Tobacco Technical Analysis Chart | BATS | GB0002875804 | 4-Traders
Full-screen chart
Technical analysis trends BRITISH AMERICAN ...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 57,7  GBP
Spread / Average Target 5,3%
Consensus details
EPS Revisions
More Estimates Revisions
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$)
ESSENTRA26.03%1 944
More Results