TV purchases boost retail sales in May June 17, 2010 FOOTBALL-CRAZY Britons splashing out on new televisions ahead of the 2010 World Cup gave retail sales a much-needed boost in May. The healthy 0.6 per cent gain last month contradicted the surveys from the CBI and the British Retail Consortium (BRC), which pointed to much weaker growth in sales. The Office of National Statistics (ONS) [...]
TV purchases boost retail sales in May June 17, 2010 FOOTBALL-CRAZY Britons splashing out on new televisions ahead of the 2010 World Cup gave retail sales a much-needed boost in May. The healthy 0.6 per cent gain last month contradicted the surveys from the CBI and the British Retail Consortium (BRC), which pointed to much weaker growth in sales. The Office of National Statistics (ONS) [...]
Debenhams sees sales dip July 1, 2010 DEBENHAMS has posted a fall in underlying third-quarter sales but said it was winning market share and its gross margins were rising. Sales at stores open over a year fell 0.4 percent in the 42 weeks to 19 June. Debenhams, with about 160 stores in Britain and Ireland and more than 50 franchised outlets overseas, [...]
UK car sales rise again June 4, 2010 NEW car registrations in Britain rose an annual 13.5 percent in May to 153,095 vehicles, according to official industry figures. The Society of Motor Manufacturers and Traders (SMMT) said it was the 11th straight monthly rise. However, it warned that there were still tough times ahead. “May was another good month for the UK new [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 11, 2010 FINANCIAL TIMES CHINA BANKS FEAR FALLING CONFIDENCE Faltering confidence in the Chinese economy could threaten the plans of the country’s banks to shore up capital reserves, the head of China Construction Bank, has warned. On top of the projected $22bn initial public offering of Agriculture Bank of China, announced last week, CCB and Industrial and [...]
Eurozone confidence falls as debt worries start to spread May 31, 2010 LINGERING hopes that the EU sovereign debt crisis had not yet begun to affect the real economy were blown out of the water yesterday, as the eurozone economic sentiment monitor recorded an abrupt fall in May. Economic sentiment in the 16-country Eurozone area fell to 98.4 in May, down from 100.6 in April and below [...]
Eurozone confidence falls as debt worries start to spread May 31, 2010 LINGERING hopes that the EU sovereign debt crisis had not yet begun to affect the real economy were blown out of the water yesterday, as the eurozone economic sentiment monitor recorded an abrupt fall in May. Economic sentiment in the 16-country Eurozone area fell to 98.4 in May, down from 100.6 in April and below [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 12, 2010 FINANCIAL TIMES BARCLAYS REFUSES TO USE TARGETS The head of Barclays’ small business division has firmly refused to sign up to UK lending targets in a move that could fuel government criticism of the industry’s willingness to ease credit constraints in the economy. Speaking to the FT after Barclays broadened the remit of its business [...]
Bank of England rates paralysis to continue July 4, 2010 AS WE enter the first full trading week of the second half of the year, the markets remain in a foul mood. Bad news suggesting that the economic recovery has stalled invariably leads to daily sell offs while good news is ignored. In fact, when we get yet another Bank of England rate decision on [...]
UK car output up 50pc in May June 17, 2010 UK car production surged 54 per cent last month, compared to May 2009, signalling an underlying stability in the car industry. Figures from the Society of Motor Manufacturers and Traders (SMMT) showed that 104,365 cars were produced last month, marking a sharp upturn from the same time last year when companies like Honda temporarily suspended [...]