US corporate results round up

first_img whatsapp Express KCS Share Wednesday 29 October 2014 8:22 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap Show Comments ▼center_img US corporate results round up by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun whatsapp HERSHEYHershey reported a 5.8 per cent rise in quarterly net sales yesterday as demand for chocolates ahead of Halloween was stronger than the company had expected. However, the maker of Hershey Kisses and Reese’s Peanut Butter Cups said net income fell to $223.7m (£140m) in the third quarter ended 28 September, from $232.9m a year earlier.GOODYEARGoodyear Tire & Rubber posted a three per cent drop in quarterly profit, due to lower vehicle production in Latin America, particularly in Brazil. Sales in the company’s Latin American unit, which contributes about 10 per cent to Goodyear’s total revenue, fell to $451m (£281.5m) from $527m. Revenue fell 6.8 per cent to $4.66bn. Net income in the quarter ended 30 September fell to $161m compared with $166m a year earlier.RALPH LAURENRalph Lauren warned yesterday that full-year sales would miss its earlier targets as foreign exchange headwinds hit results abroad. For the second quarter ended 27 September, it posted a profit of $201m (£125.5m) compared with $205m in the year-earlier period. Revenue grew four per cent to $1.99bn from $1.92bn a year earlier.REVLONCosmetics giant Revlon yesterday said third-quarter net income climbed to $14.6m (£9.1m) from last year’s $9.5m. Earnings per share grew to $0.28 from $0.18. Net sales climbed to $472.3m from $333.1m in the previous year. Consumer segment net sales edged down 0.9 per cent to $348.2m, compared with pro forma net sales of $351.3m in the third quarter of 2013. Tags: NULLlast_img read more

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Twitter chatter about BBC One’s Sherlock nets London £11m in free advertising

first_img whatsapp Jessica Morris Thursday 13 November 2014 11:29 am Show Comments ▼ whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndocenter_img Tags: BBC Twitter Twitter chatter about BBC One’s Sherlock nets London £11m in free advertising Twitter chatter about the BBC One drama Sherlock has generated millions in free advertising spend for London’s tourism industry, according to new research by Film London.The study crunched nearly 35 million likes, mentions and tweets from a range of websites such as Twitter, Facebook, Reddit and Pinterest to establish the “screen tourism” effect. Adrian Wootton, chief executive of Film London and the British Film Commission, said:Looking at a range of projects -from indies through to global blockbusters and television series’ – the results show productions get people talking about the destinations and locations they feature.Quite simply, this is free advertising, and emphasises the power of screen productions as a tourism driveScreen tourism has  helped other cities too. Malta raked in nearly £3m in free advertising spend for from Game of Thrones (2011), Gladiator (2000) and Popeye (1980). Ystad in Sweden and Apulia in Italy were also found to have benefitted from a similar effect.So which London landmarks play host to the most famous scenes?1. SHERLOCK (Source: Getty)The BBC’s crime drama Sherlock, starring Benedict Cumberbatch, pulled in £10.8m. It’s a modern-day retelling of Arthur Conan Doyle’s short stories and novels which were first published over 100 years ago. In the series, Sherlock Holmes still lives at 221b Baker Street and fans can watch the cast trapeze through some of London’s most well known locations including China Town, Russell Square Gardens and the South Bank.LOCATIONS:221b Baker Street: This is the fictional home of Sherlock Homes but the BBC version actually features version actually features North Gower Street.Diogenes Club: In Cohn’s books it’s located opposite Pall Mall but in the television series fans are really watching the The British Academy in Carlton Terrace.2. HARRY POTTER ​(Source: Getty)Warner Brothers’ series of Harry Potter films starring Daniel Radcliffe, Emma Watson and Rupert Grint sparked £10.4m in free advertising spend for London. Fans will recognise St Pancras International as the home of Platform 9 ¾ from which Harry and friends catch the Hogwarts Express. Charring Cross Road and Leadenhall Market are also used for scenes featuring wizard pub the Leaky Cauldron and secret street Diagon Alley.LOCATIONS:St Pancras International, Kings Cross: The huge station is home to Platform 9 ¾.Reptile House, London Zoo: This is where Harry first realises he can talk to snakes in Harry Potter and the Philosopher’s Stone 3. NOTTING HILL (Source: Getty)Notting Hill, starring Hugh Grant and Julia Roberts, garnered the most free advertising revenue – it generated a whopping £19.5m. The opening scene features the actor walking through the now-famous Portobello Road market.LOCATIONS: Portobello Road Market: The film opens with Hugh Grant walking through Portobello Road Market More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Sharelast_img read more

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Best of the Brokers for 16 December 2014

first_img Express KCS whatsapp Monday 15 December 2014 8:24 pm Best of the Brokers for 16 December 2014 Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Share To appear in Best of the Brokers, email your research to [email protected] DIRECTNumis reiterated its “buy” rating following “robust” first-half results, with sports retail sales’ growth of 1.5 per cent during the second quarter. The broker noted that Sports Direct’s portfolio was set to grow to include between 30 to 40 new stores by the end of 2015.DRAX GROUPWhitman Howard reiterated its “buy” rating, despite the government’s announcement that it might remove support for certain biomass projects. While the news initially caused the firm’s share price to fall by 10 per cent, the broker said it would not impact Drax’s three initial biomass conversions. whatsapp Show Comments ▼ Tags: NULLlast_img read more

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Consumer confidence edges down from its soaring highs

first_img whatsapp whatsapp Share Express KCS Thursday 18 December 2014 9:03 pm CONFIDENCE among UK consumers has dipped in December, according to two new sets of survey data. The GFK consumer confidence index published today dropped to minus four in December from minus two in November, according to figures released by the eponymous market research firm.However, it was minus 13 a year ago and near minus 40 at the trough of the recession. It remains in line with pre-recession levels.Another index compiled by the Centre for Economics and Business Research (CEBR) and YouGov today also shows consumer confidence slipping slightly in December.Their index declined by 1.2 points to 110.1 – the second lowest figure of 2014. A value of 96.6 represents the average of the index since it began in 2007. Despite the dip, confidence levels are comparable to those in 2007 and still far from recessionary levels of between 70 and 95.“The recent slip in consumer confidence has for the most part been driven by a slump in job security,” said Charles Davis, director at the CEBR. “While the headline unemployment rate has dropped rapidly over the last year or so, plenty of people are unsure about where their next pay cheque is coming from.” center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Consumer confidence edges down from its soaring highs by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveGive It LoveRemember These Rare Sisters? See Them NowGive It Love Show Comments ▼ Tags: NULLlast_img read more

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Booze Britain? Why over-65s are the UK’s fastest growing group of binge drinkers

first_img whatsapp We’ve all seen them: in bars, on the streets, in the parks. Yep, the alarming statistic is true: young people in Britain going teetotal. And if you think the world is turning tipsy-turvey consider this: the fastest growing group of binge drinkers is the over 65s.According to data published by the Office for National Statistics today, in 2013 binge drinking was higher among the 25-44 age group than it was in the 16-24 age group, where it has long been declining. A binge is categorised as six or more units for a woman or eight or more for a man. The over 65s may be the lowest group, but look what happens when we index the data (start it all from 100 per cent for 2005, so it only shows change). We should of course point out that the over-65s started off with very few binge drinkers – so pensioners are unlikely to be heading inexorably into a Monty Python sketch.And according to the figures, over a fifth of adults in the UK no longer drink any alcohol at all. Meanwhile, the percentage of adult respondents who engage in binge drinking has fallen. If that sounds shocking, wait for the next shot: the proportion of young adults, those aged 16-24, who said they were tee-total grew 40 per cent between 2005 and 2013, the last year for which the ONS has data.Interestingly, that change now makes the 16-24 age group the most likely to be teetotal. Some may point out that the legal drinking age is 18 and that might skew the sample. Underage teetotalism isn’t won’t to affect the rate of change, though – and 40 per cent is a big jump. The data also shows some other, perhaps less surprising facts: girls are less likely to binge than boys (19 per cent versus 12 per cent) and, statistically, you are less likely to binge if you live with dependent children.Finally, does geography make a difference? The map below suggests so. Here is a breakdown of the percentage of adults who binged in the week before the interview. whatsapp Billy Ehrenberg Booze Britain? Why over-65s are the UK’s fastest growing group of binge drinkers Show Comments ▼center_img Share Friday 13 February 2015 9:11 am Tags: NULLlast_img read more

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Apple’s iOS 9 Spotlight update: The new ad-blocking functionality is not the only threat to Google

first_img Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallUndoLoan Insurance WealthGrab A Tissue Before You See Richard Simmons At 72Loan Insurance WealthUndo Apple’s iOS 9 Spotlight update: The new ad-blocking functionality is not the only threat to Google whatsapp Show Comments ▼ Catherine Neilan Sharecenter_img Apple’s new mobile ad-blocking functionality has grabbed headlines recently, pitting the tech company against advertising giant Google. However, there’s something else Apple is building in to iOS 9 that has the potential to cause a seismic shift across the search advertising industry, and thus have a bigger impact on its main rival. It’s no secret that the beating heart of Google is its search advertising business and while ad-blocking represents an immediate threat to Google, the changes Apple has made to search will be even more disruptive. Apple has altered the way devices display search results. The importance of this goes beyond a change in design and user experience. With the release of iOS 9, Apple is allowing developers to optimise the content in their apps to make it discoverable through Spotlight search or Siri, delivering it ahead of web content. Any information a user might be interested in will be somewhere on their device, either in the apps they use, or in the wider App Store. For example, if someone is searching for a holiday, Apple will now deliver relevant results directing people to the exact page in an app. Previously, the searcher would receive the typical Google search results with the best performing site – according to Google – at the top of the results, plus any sponsored results. Read more: Apple News isn’t the big threat to publishers from iOS 9 – ad blocking is If Apple can provide its affluent customer base with their own curated, personal web on their device or within the Apple ecosystem, it could evoke a cultural shift in the way people search. It could also be the biggest challenge Google has ever faced to its reliance on search advertising revenues. In a New York Times piece in May, Goldman Sachs analysis claimed that 75 per cent of Google’s mobile search revenues came from iOS devices, so this is not insignificant. This won’t be an overnight problem for Google, but it will become one if the search giant doesn’t address it.  Google must find a way to win the ecosystem war with Apple.  whatsapp Thursday 10 September 2015 9:12 amlast_img read more

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Parents, stop pushing your first-born children so hard – you may be making them short-sighted

first_img Show Comments ▼ Share Parents, stop pushing your first-born children so hard – you may be making them short-sighted We all know first-born children have it best: they’re more likely to be more successful, ambitious and well-qualified.But a new study has found oldest children also have it hardest in one area: eyesight.  The findings, by Cardiff University’s Dr Jeremy Guggenheim, has found while oldest children tend to do better in exams, their eyesight could be far worse than their siblings’. And it could be partly down to their parents pushing them too hard.”Children with an earlier birth order do relatively better at school owing to parents investing more time, effort and/or resources in educating [them],” Guggenheim wrote.We all know sitting in front of a screen for too long gives you square eyes (it might sound like an old wives’ tale but, according to a 2010 study, it can cause slight myopia).But the research, of 90,000 individuals aged between 40 and 69, found parents’ insistence their oldest stayed indoors during childhood to read or study meant first-borns were 20 per cent more likely to develop severe myopia. An earlier study of people aged between 15 and 22 in the UK and Israel found short-sightedness was 10 per cent more common in oldest children, compared with their siblings.  Friday 9 October 2015 10:01 amcenter_img Guggenheim’s conclusion? “The attenuated effect size after adjusting for educational exposure supports a role for reduced parental investment in education of children with later birth orders in their relative protection from myopia.”Or, to put it concisely: stop pushing your kids so hard. You have been warned… whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationDefinitionAge Has Finally Caught Up To These CelebsDefinitionFinance DailySeniors (With No Life Insurance) May Get Up To $50k For $15/Mo If They Only AskFinance Daily Emma Haslett last_img read more

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Premium / Analysis: WiseTech Global – ‘a small fish’, but swimming strongly

first_img Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium “CargoWise is a single-platform software solution built upon a single guiding principle: increasing your productivity. It’s a single-database, enterprise-class management system for logistics businesses with 150,000 user licences.” – WiseTech Global.In a week inevitably dominated by the continuing fallout from Hanjin’s bankruptcy, I found myself gauging the performance of a freight and logistics software provider which is set to benefit from supply chain disruptions.Sydney-based WiseTech Global tracks the movement and storage of goods and information around the globe, providing essential … Reset Your Password By Alessandro Pasetti 16/09/2016 New Premium subscriber REGISTER Password* Please either REGISTER or login below to continue Premium subscriber LOGIN << Go back Forgotten your password? Please click here LOGIN Please Login Email* Email* Resetlast_img read more

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News / Don’t get too excited by spike in Asia-Med box rates, there’s ‘weakness in the east’

first_img© Ahmet Ihsan Ariturk The recent increase in Asia-Mediterranean container spot rates “shouldn’t be mistaken as a sign of permanent recovery”.Consultant Drewry suggests there is weakness in the east-Med region of the tradelane.Last week’s Shanghai Containerized Freight Index (SCFI) recorded a spot rate of $1,028 per teu for Mediterranean ports. This compares with the reading on 30 September last year of $583 per teu.Drewry said the steady growth in the more “mature” west-Med economies was in contrast to the weaknesses in the North Africa, and east-Med regions – particularly in Egyptian and Turkish trades.The consultant expects to see a final growth figure in the Asia-Med westbound trade for 2016 of 2.5%, compared with the previous year. This would result in the tradelane exceeding a yearly total of 5m teu for the first time.The west-Med market was the main driver of the growth last year, recording a 4.4% increase in the first 11 months, thanks to “solid volume growth” from Italy, Spain and France, noted Drewry.Despite some political upheaval, which did not appear to have an impact on its consumer spending, Italy posted a 5.6% traffic increase, while France recorded a 3% uplift and Spain 2.9%.Meanwhile, Turkish imports, which Drewry said accounted for nearly one-third of all Asian imports into the east-Med region, declined by 4.4% in the 11-month period, compared with the previous year.“This brought an abrupt end to the country’s bull run,” said Drewry – Turkey having seen a 44% spike in container volumes between 2012 and 2015.But the failed coup in July, a weakened currency and a retreat by investors spooked by political uncertainty halted growth in its tracks and shrank the economy in the third quarter of the year.Moreover, tourism – a major growth component of Turkey’s success – has been badly dented by a spate of terrorist attacks.Drewry’s view is that “a downturn in Turkish imports will continue to act as a drag on the trade’s performance in 2017”.Egypt, where tourism is a major contributor to the health of its economy, also suffered as a result of terrorist attacks. And according to Drewry, the flow of imported consumer goods from Asia slumped by a massive 16.4% in the 11-month period, compared with the previous year.However, Ukraine was a “shining beacon” in the east-Med/Black Sea region last year, its imports spiking by a third. Nevertheless it has much ground to make up on the lost volumes caused by the 2014 civil unrest and Russian intervention, noted Drewry.The Asia- Med trade remains overtonnaged, with utilisation levels “hovering around the 80% mark since March”, said Drewry, adding that the new alliance schedules “do nothing to address this issue”.Drewry concluded: “It is encouraging to see growth returning to some of the big Mediterranean markets, but the 2017 demand outlook will be tempered by weakness in places such as Turkey and Egypt. More big ships entering the trade will also serve to suppress freight rates.” By Mike Wackett 16/01/2017last_img read more

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News / Airfreight sector confidence gets a lift as 2016 ends with healthy growth

first_imgIncheon’s positive volume growth was also mirrored across Korea’s airfreight sector, leading Ms Ward-Muphy to suggest any weakness felt by the country’s shipping sector was likely an overhang from the Hanjin bankruptcy rather than economic issues.In Europe, ASR reported record growth of 5.4% in airfreight in October.However, November saw growth drop back – albeit aided by the pilot strike in Germany – but at the same time, Spain recorded a fourth consecutive month of 13% growth, which Ms Ward-Murphy said added weight to the idea that last year’s momentum would continue.December figures from Drewry indicate a more muted success, with British Airways and Lufthansa reporting month-on-month declines of 3% and 4%, though both recorded year-on-year growth over 2015 of 5% and 8% respectively.Similarly, European airports recorded year-on-year growth in volumes, with Amsterdam up 10% on December 2015, while Frankfurt was up 8% and Heathrow rose by 5%.However, Drewry noted that rates had fallen 6% in December compared with November, marking the first drop in rates since May – but even here there was a note of optimism.“As December traditionally sees a drop off in rates the latest slide was not unexpected,” said Drewry. “It is testament to the growing strength of the market, that the rate decrease from November to December was smallest of its kind since 2012.“We expect to see a further seasonal decrease to the index in January, once again smaller than usual.”Both Drewry and ASR noted a flat market in the US, although Delta was the only carrier to see volumes decline, with a 3% drop.Ms Ward-Murphy said the purchasing index for January remained positive, but with little data expected from China between now and February it was difficult to give a full assessment. However, she expects a positive first half performance.“Whether we see 10% growth until June remains to be seen, but the base level from last year is poor. Furthermore, there is the boost from China and businesses seem to be getting more confident about Trump,” she said.But she also cautioned that the US posed a potentially massive threat.“I don’t know how it will play out, but it doesn’t seem as if he [Trump] has thought through the massive cost increases US consumers will face if he begins imposing tariffs.“But with Asia showing the first signs of growth in June that led to this run of good form, I would say look to there as a bellwether for any potential slowdown,” she said. Airfreight will remain strong for the first half of 2017, bolstered by Chinese fiscal stimulus and US business optimism over President Trump’s pledges to reduce regulation and taxes.Absolute Strategy Research’s (ASR) global equity strategist, Zahra Ward-Murphy, told The Loadstar airfreight volumes in Asia were growing at around 10% and she expected this to be reflected in December’s numbers.“There is a reported pick-up in airfreight confidence,” said Ms Ward-Murphy. “The International Air Transport Association (IATA) says this is a lot to do with carriers improving efficiency.”Drewry also reported a healthy growth in Asian volumes in December, with Air China up 11%, Cathay Pacific up 10%, China Airlines up 13%, China Southern up 14%, EVA up 9% and Singapore Airlines up 10%; volumes at Hong Kong Airport and Incheon Airport were also up by 10% and 11%, respectively. By Alexander Whiteman 25/01/2017center_img © Eric Gevaert | Dreamstime.com – Loading cargolast_img read more

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