Iraq’s oil minister says producers need to find a way of restoring ‘normal’ pricesLunchtime summary
12.10pm GMTAfter a bit of a wobble earlier on,the rally on European stock markets continues, underpinned by rising oil prices.
London’s main share index, and the FTSE 100,is the only exception, trading down 0.3% or 16 points at 6015.05. 12.00pm GMTHere is some reaction to the UK’s destitute productivity figures.
TUC general secretary Frances O’Grady said:For all the good news on rising employment, or the UK is still not creating enough quality jobs.
The yawning productivity gap between us and other countries shows how much room there is for us to do better.”There is increased need to prefer the potential of flexible working seriously. In research by Vodafone,which surveyed 8000 global employers and employees, 83% said they had seen an improvement in productivity after introducing flexible working arrangements. In addition, and 61% of respondents said profits had increased. This latest report adds to research suggesting that UK businesses could make productivity gains of £8.1bn by optimising flexible working.
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Source: theguardian.com