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Stronger expansion in UK but d

2010-10-01 13:38:23

with tracker mortgages has been boosted by record low UK base rates of 0.5%.

Second-quarter growth in the construction sector has been revised up from 6.6%, the ONS's figure when it published its first estimate of second-quarter GDP late last month, to 8.5%.

This offset a downward revision of second-quarter growth in the UK's dominant service sector from 0.9% to 0.7%. The UK manufacturing sector grew by 1.6% quarter-on-quarter in the three months to June.

Graeme Leach, chief economist at the Institute of Directors, said yesterday: "Today's figures are obviously good news but we shouldn't get carried away. Instead of looking armitron watches for men in the rear-view mirror at what has passed, it would be wiser for us to keep our eyes on the road ahead. We don't expect this level of growth to be sustained through the second half of 2010. But whether or not this slide will turn into a quarterly decline or a double-dip recession remains highly uncertain."

David Kern, chief economist at the British Chambers of Commerce, said: "The upward revision to GDP in the second quarter is good news. This puts the UK in a better-than-expected position as we prepare for the austerity measures that will be introduced over the next few years."

However, he added: "The figures do contain some worrying features. Growth in services has been revised down and capital investment fell after recording strong growth in the first quarter...It is important to bear in mind that the implementation of the tough deficit-cutting programme will inevitably have a serious dampening effect on demand, and risks of an economic setback remain.

"Given the fragility of the situation, it would be dangerous for the Monetary Policy Committee to consider raising interest rates any time soon. Businesses are still facing huge pressures and interest rates must stay as low as possible for as long as possible."

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Samuel Tombs, UK economist at consultancy Capital Economics, said: "The fact that net trade made no contribution whatsoever to GDP growth added to evidence suggesting that the weak pound is failing to provide much support to the external sector."

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The UK economy grew by 0.3% in the first quarter, having emerged from deep recession in the final three months of last year.

Tombs said: "While the recovery picked up considerable pace in the second quarter, the absence of any signs that the economy has become better balanced leads us to continue to expect pretty sluggish GDP growth over the next year or so. We maintain our view that the economy will expand by only 1.5% this year and next."

The Office for Budget Responsibility expects 2011 growth of 2.3%.

Andrew Goodwin, senior economic adviser to the Ernst & Young ITEM Club think-tank, said: "We're not getting too carried away by the apparent strength of these figures - big question-marks remain over the construction figures. Regardless of the debate over the accuracy of the data, Q2 looks like being the high watermark for growth. The expenditure data produced some surprises. The consumer sector is showing great resilience...given that incomes are being squeezed by high prices and weak earnings."

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Stronger HR solutions

2010-10-01 13:37:58

Christchurch is a great place to build an international software business, says Pivot Software managing director Philippa Youngman, whose company sells human resources software to large businesses throughout Australasia.

"We can access exceptional staff, be part of the dynamic local IT community and enjoy an excellent lifestyle. Because our business is basically online, we can largely service big organisations in Sydney and Melbourne from the comfort of our Christchurch office," she says.

Taking a smart approach to business by outsourcing functions such as marketing and software development has put Pivot in a better position to grow, Youngman says. "We could perform these functions ourselves cuff watches for men in-house but, by adopting this model, we are able to concentrate on our core set of skills and focus solely on what we know."

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She says this highly productive business model is one that could be replicated by many Canterbury software companies, delivering the high staff productivity rates and good baseline revenue per employee that Pivot enjoys.

Pivot's software-as-a-service (SaaS) solutions are used by organisations with workforces ranging from 400 to more than 13,000, in sectors such as banking, insurance, professional engineering, utilities, retail and government. More than 40,000 staff throughout large New Zealand organisations such as IAG, Christchurch City Council, New Zealand Post, Westpac, Meridian Energy, The Warehouse and Fulton Hogan use Pivot's software.

Performance management and remuneration-review processes are at the core of Pivot's focus. Organisations use Pivot's solutions to gain more control over these complex and often emotional human- resource processes. "These are what we call 'moments of truth' in any organisation. They are closely connected with the productivity, efficiency and morale of any labour force," Youngman says.

Organisations can take a smarter approach with Pivot's solutions - automating time- consuming tasks, empowering line managers and providing greater visibility of the processes.

Last year, Pivot grew export sales by more than 200 per cent, and secured some well-known clients in its target markets of finance, energy and engineering sectors.

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StrongMail Catapults Past 500t

2010-10-01 13:37:11

StrongMail Awarded Patents for Its Delivery Technology as It Passes the 500 Customer Mark With Key Enterprise Customers That Include AT&T Interactive, Tesco and TV Guide Digital

Corum Bubble XL Diamond Steel Purple Mens Watch 396-257-47-F166-FW30R REDWOOD CITY, Calif. -- StrongMail, a leading provider of online marketing solutions for email and social media, today announced that it has passed the 500 customer milestone and has been awarded multiple patents on its innovative delivery technology, which pushes its performance above competing solutions in terms of throughput, reliability, intelligent delivery, and real-time optimization and reporting. Recent StrongMail customers who helped push the company past the 500 mark include renowned global brands such as AT&T Interactive, Tesco and TV Guide Digital.

StrongMail's rapid growth among medium- to large-sized enterprises is being driven by its break-away email marketing and social media solutions that are unique in the industry, and give marketers definitive control to effectively engage consumers over email, social media, mobile and other digital channels. Companies that understand the value and criticality of their customer communications are turning to StrongMail as the only provider offering dedicated, cost-effective solutions alongside a comprehensive array of strategic, creative, deliverability and technical services. This blend of unique technology and broad services is a key component of StrongMail's success, which is challenging the status quo presented by traditional outsourced providers.

Since the company's founding, StrongMail has continued to drive innovation in the industry. With the release of its first email products, StrongMail reengineered the standard email delivery engine to address the crippling email deliverability challenges facing the industry. As a result, many of the world's largest brands are getting their email delivered with StrongMail's patented, groundbreaking technology, which facilitates the rapid, reliable and intelligent delivery of high-volume email.

In addition to investing in its email technology and services, StrongMail has also demonstrated its commitment to emerging channels by being the first top-tier email solution provider to integrate its Christian Louboutin solutions with social media, made possible by StrongMail鈥檚 acquisition of San Francisco-based Popular Media last year. StrongMail is also leveraging innovative new ways to better serve clients with the recent launch of its Spark online community, which provides direct access to StrongMail and industry experts.

"The typical StrongMail customer comes to us after hitting the wall with their current provider, at which point they quickly realize that we can easily address their challenges with powerful and cost-effective solutions that go above and beyond their needs both today and in the future," said Sam Cece, CEO of StrongMail. "From two of the three world's largest retailers, to some of the most popular brands in entertainment, financial services and the Web, StrongMail has amassed an impressive customer list that we are working hard for every day to maximize their investment in smart, effective online marketing."

About StrongMail Systems, Inc.

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