News about Tim Moore

Britain's builders have their best month in more than two years

www.dailymail.co.uk, October 4, 2024
The latest S&P Global construction purchasing managers' index - where scores of more than 50 show growth - rose to 57.2 in September from 53.6 in August. That is its highest since April 2022, with civil engineering, commercial building and housebuilding all growing strongly. By contrast, builders in the eurozone recorded a score of just 42.9 last month. That was up from 41.4 in August, but still well below the 50 mark, signalling the industry remains deep in recession.

Growth in services sector accelerates amid easing inflation, data shows

www.dailymail.co.uk, September 4, 2024
Growth in the services sector picked up last month as businesses felt the benefits of lower borrowing costs and 'easing inflationary pressures', according to a new survey. Some firms in the sector said customers were more willing to spend after noticing a lull in decision-making earlier in the summer. The S&P Global UK services PMI survey scored 53.7 in August, up from the 52.5 recorded July and the highest reading since April.

In the face of resurgent inflation, the services industry in the United Kingdom slows

www.dailymail.co.uk, April 4, 2024
Last month, growth in the services industry slowed despite fears of'sticky inflationary pressures.' However, Tim Moore, S&P Global Market Intelligence's chief, said the services industry was still assisting the UK economy in the aftermath of last year's shallow recession.' According to a closely watched report, the services industry in the United Kingdom, which spans everything from hotels to pubs, continued to expand last month, but sales did slow and undershoot expectations.

Analysts predict there will be no end to Germany's building slump, but optimism in the UK is on the rise

www.dailymail.co.uk, February 6, 2024
S&P Global said in a bleak update, the index of industrial operation among German builders dropped to 36.3 last month, well below the 50-50 cut-off between growth and decline. It was 'one of the lowest' readings ever collected,' according to the data provider, and it indicated "a dramatic decline in overall building production."

Building costs in the Red Sea continue to rise as Houthi attacks bolster shipping costs in the hopes of causing disruption, which may delay production and raise prices for grocery and supermarkets

www.dailymail.co.uk, February 6, 2024
For the first time since last fall, Houthi attacks in the Red Sea have raised building costs. The increasing cost of building is just one area of the British economy that has been harmed by the Houthi assaults on shipping ships, which have caused shipping rates to skyrocket. The latest S&CIPS construction purchasing managers' index (PMI), which tracks supply and demand as well as market trends, revealed that overall input costs increased last month, with the fastest pace since May last year. According to S&P Global, some companies quoted higher prices for imported building materials as a result of the Red Sea attacks on ships. The company claims that this is mainly impacting Asian imports, which tend to travel through the Red Sea on the way to Europe.

As prices continue to rise, the UK service sector is growing at its fastest rate for six months

www.dailymail.co.uk, January 4, 2024
The service industry in the United Kingdom grew at its fastest rate in six months in December, beating expectations as the year came to an end in higher spirits. The service industry's rates soared at their fastest rate since last July. Restaurants, bars, bars, restaurants, hotels, and financial services are all included in the industry.

The British company is in the top of Europe, but interest rate cuts are likely to be delayed

www.dailymail.co.uk, November 23, 2023
According to the UK buying managers' index (PMI), Britain's private sector was just about back in expansion mode after three months of decline, and ahead of the eurozone, which continues to fail. The closely watched survey found that businesses were buoyed by rises in interest rate rises and falling inflation. Separate reports pointed to a dramatic rise in customer confidence, which may have cheered retailers ahead of Christmas.

Tim Moore, the North Carolina House Speaker, is accused of espionage by a former councilman

www.dailymail.co.uk, June 27, 2023
According to DailyMail.com, North Carolina's troubled House Speaker used this shady camera hidden in a bush to spy on a local official whose wife he is accused of bedding. Tim Moore, one of the most influential elected officials in Tar Heel State, is said to have hired a frightened goon to creep up to his one-time employee, Scott Lassiter, under cover of darkness to plant the device in shrubbery. The suspected caper returned to life, but when shocked Lassiter, 36, went to clear leaves from his driveway and discovered the tiny device, which is seen for the first time in exclusive DailyMail.com photos, it was backfired.

According to a lawsuit, the speaker of North Carolina had 'group sex with people seeking political rights.'

www.dailymail.co.uk, June 20, 2023
A former government official accuses the Republican Speaker of North Carolina of having group sex with people who wanted political favors. Tim Moore is now being accused by lawyer Scott Lassiter of starting an affair with his wife, which also includes photos of them on what he believed to be a date at a restaurant. Lassiter also claims in the lawsuit that his wife Jamie Liles Lassiter was afraid of ending it because it would end her work as Executive Director of the North Carolina Conference of Clerks of Superior Court.

The UK housebuilding industry has contracted at its slowest rate since the lockdown in May

www.dailymail.co.uk, June 6, 2023
Developers have cut back on housebuilding projects due to higher mortgage rates and'subdued market conditions,' according to data firm S&P Global. The downturn was the worst since May 2020, when building sites were forced to close due to Covid lockouts, with other signs of decline seen only during the 2009 recession.

Housebuilding is starting to decline at its slowest rate since May 2020's lockdown

www.dailymail.co.uk, May 5, 2023
The S&CIPS Global/CIPS UK Purchasing Managers' Index for the construction industry climbed to 51.1 in April, up from 50.7 in March, indicating that the whole market continued to expand last month. However, the increase was 'worryfully lopsided,' as it was only possible as a result of increased demand for industrial and civil engineering projects that helped offset the slowing of housebuilding.

As Britons withdraw large sums of cash from accounts, banking worries have sparked £4.8 billion withdrawals

www.dailymail.co.uk, May 5, 2023
As fears of the US banking crisis swarm around the world, Britons have removed significant amounts of cash from accounts. On another difficult day for the sector, shares in America's regional lenders plummeted on Tuesday, Bank of England (BoE) estimates reported £4.8 billion was pulled out of UK banks and building societies in March. The figure, which was the highest amount withheld since records began in 1997, marked a drastic change from recent years, particularly during Covid, where many people remained trapped at home had large sums in cash. Monthly negative cash withdrawals have only occurred five times, the last being in April 2018. Following the demise of US lender Silicon Valley Bank (SVB), which stifled morale and exposed new financial institution inefficiencies, experts said the figures show households are less likely to hold money in banks.

Inside The Godolphin, the 'exotic' Cornish hotel that's set bang opposite magical St Michael's Mount

www.dailymail.co.uk, March 14, 2023
Vicki Reeve checks in to the Godolphin hotel in Marazion's historic town. 'We are transfixed by the view through the large round window facing the bed, across the water to the Mount half a mile away,' she says. Why bother to draw the curtains?'

The UK's construction and car industry are fueling job growth

www.dailymail.co.uk, March 6, 2023
The construction industry saw its fastest rate of growth for nine months in a row, with sales of new cars up for the seventh month in a row. Retail profits remained robust in the third report. As rising costs and rising interest rates take their toll, a triple dose of positive news will assuage fears that the UK is headed for a long stagnation.

March Madness comes early to Jersey! With a wild finish, NJCU defeated Rowan in Division III

www.dailymail.co.uk, February 9, 2023
For one of the wildest finishes in recent memory, a Division III college basketball game in New Jersey has made national headlines. No. 83 is tagging No. 1. With five seconds remaining, 23 Rowan won by four points, but New Jersey City University defeated 73-71, thanks to a pair of miraculous shots and a well-timed steal. Ryan Savoy, a junior forward, who hoisted a 3-pointer from the corner, started the unforgettable sequence with an NJCU inbounds pass. As the NJCU Gothic Knights scrambled to get into their full court press, Rowan took the ball out under their own basket. Pharoh Allah of NJCU sprinted towards the baseline from mid-court, stretched out his arms, and tipped the hurried inbounds pass from Rowan. The deflected pass somehow found its way into the custody of NJCU's Jason Battle, whose 45-foot prayer banked in as time expired, putting the Gothic Knights and the few spectators in attendance into hysterics.

BoE chief warns interest rates are likely to rise again

www.dailymail.co.uk, February 6, 2023
According to Catherine Mann (right), a member of the Bank of England's Monetary Policy Committee, rates were more likely to rise than stick at the 15-year high of 4 percent that was set last week. The remarks, made at a conference this morning, came as closely watched PMI numbers showed that the market stayed in reversal last month. The index dropped to 48.4 percent in December, down from 48.8 in December, when anything under 50 indicates a decline. The biggest drag on the S&CIPS construction index was housebuilding, with the level of 44.4 attributed to increasing borrowing rates, unfavourable market conditions, and growing anxiety about the future.

Bank of England official warns against more rate rises

www.dailymail.co.uk, February 3, 2023
Just a day after rates were boosted to a 14-year high of 4 percent, Bank Chief economist Huw Pill warned against doing anything more in terms of future shifts. The ex-Goldman Sachs economist, who sits on the interest rate-setting commission, says the bank has already'done a lot' to stem sky-high inflation. The full effects of the rate rises, which have gone from 0.1 percent in December 2021 to 4 percent today, have yet to be felt fully by the economy, according to Hecker.

With little growth, the services industry is expected to reach its peak in 2022

www.dailymail.co.uk, January 5, 2023
Some companies cited rising inflation and high unemployment as the reason for a slowing demand, although uncertainty prevented some businesses from recruiting new people. The S&P Global/CIPS UK Services Purchasing Managers' Index (PMI) dropped to 49.9 from a previous flash reading of 50, with anything below 50 showing decline.

New orders for construction companies are the first to decline since May 2020

www.dailymail.co.uk, November 4, 2022
Clients were concerned about rising material and borrowing rates in October, the month when mortgage rates soared in the aftermath of the mini-Budget that rattled the economy, according to some companies. Company moral dropped sharply enough, hitting lows not seen since May 2020, with many businesses blaming falling political uncertainty and a slowdown in UK economic growth.

The construction industry in the United Kingdom has been dogged by gloomy expectations

www.dailymail.co.uk, October 6, 2022
In September, Britain's construction industry saw a return to growth, but recent reports showed that increasing interest rates, rising costs, and the threat of recession are all causing rising uncertainty. The latest closely watched S&CIPS construction purchasing manager's index revealed that consumer optimism dropped to its lowest level since July 2020 last month, and that the industry saw its worst month for new orders in nearly two-and-a-half years. The outlook shone off reports of the first rise in industrial output since June as supply chain woes eased and delayed projects went forward.

By the year's end, the UK will be in recession.'

www.dailymail.co.uk, October 5, 2022
S&P Global said output in the UK services and manufacturing markets decreased at its slowest rate since January 2021, in a bleak report underscoring Liz Truss' focus on growth. In September, the closely watched purchasing managers' index dropped to 49.1 percent from 49.6 in August and below the critical 50 mark, indicating no change for a second month running.

A judge in North Carolina has reinstated the 20-week abortion ban

www.dailymail.co.uk, August 18, 2022
After 20 weeks of pregnancy, abortions in North Carolina are no longer legal, according to a federal judge, eroding guarantees in one of the South's few remaining safe havens for reproductive rights. After announcing that Roe v. Wade's decision that placed an injunction on the 1973 state statute, U.S. District Judge William Osteen reinstated an unenforced 20-week abortion ban, with exceptions for urgent medical emergencies.