Public borrowing lower than expected in November December 21, 2011 Britain’s budget deficit narrowed more than expected in November compared to a year earlier, official data showed on Wednesday, although weak growth and worries about the euro zone still threaten the government’s attempts to balance the books. The figures are a bright spot for the government after ratings agency Moody’s warned on Tuesday that Britain [...]
New series of bearish data hits Eurozone November 7, 2011 A WAVE of poor economic data knocked confidence even further in the Eurozone yesterday, piling more pressure on the beleaguered single currency area. Retail sales across the 17 member states fell 0.7 per cent in September compared to August, official figures showed — far worse than economists expected. “It was a pretty disappointing figure,” said [...]
Banks fuel FTSE gains after Lloyds upgrade December 21, 2011 Banks led London’s blue chip index up in early trading – tracking gains in Wall Street and Asia. Exane BNP Paribas upgraded Lloyds to trigger a rise in the sector which has had a torrid year with the Eurozone debt crisis taking its toll. Lloyds was up 4.3 per cent as Exane BNP Paribas upgraded [...]
UK consumer morale dives again in April April 27, 2011 UK consumers remain sunk in gloom about both their personal finances and the economic outlook, a key barometer published today showed. The GfK NOP consumer confidence index fell in April, after holding steady in February and March, as fears over household finances and the affordability of major purchases increased. The fall, to -31 from -28 [...]
UK consumer morale dives again in April April 27, 2011 UK consumers remain sunk in gloom about both their personal finances and the economic outlook, a key barometer published today showed. The GfK NOP consumer confidence index fell in April, after holding steady in February and March, as fears over household finances and the affordability of major purchases increased. The fall, to -31 from -28 [...]
New watchdog: we don’t care if London is competitive or not November 1, 2011 THE NEW regulator charged with protecting consumers should not have to take into account the competitiveness of the City when making decisions, its incoming chief Martin Wheatley said yesterday. Appearing before the influential Treasury Select Committee, Wheatley, who will run the Financial Conduct Authority (FCA) when it is created next year, said that the body [...]
Eurozone inflation remains at 3pc November 30, 2011 Inflation in the 17-nation euro area remained at three per cent for the third consecutive month in November, according to a first estimate, suggesting the European Central Bank may have to consider delaying a further interest rate cut. The European Union’s statistics office Eurostat said in a statement that consumer prices rose by three per [...]
Eurozone inflation remains at 3pc November 30, 2011 Inflation in the 17-nation euro area remained at three per cent for the third consecutive month in November, according to a first estimate, suggesting the European Central Bank may have to consider delaying a further interest rate cut. The European Union’s statistics office Eurostat said in a statement that consumer prices rose by three per [...]
Eurozone economic sentiment worse than forecast November 29, 2011 Eurozone economic sentiment fell more than expected in November, data showed, as business mangers turned more pessimistic across almost all sectors of the economy, particularly in France and the Netherlands. The European Commission’s monthly survey showed the sentiment index at 93.7 against 94.8 in October, falling to levels last seen in late 2009. Economists polled [...]
Japan’s consumer morale plunges April 19, 2011 Japanese consumer confidence worsened at the fastest pace on record in March, after the devastating earthquake and tsunami. A sentiment index came in at 38.6 in March, down from 41.2 in February. A reading below 50 suggests consumer pessimism.