Restaurant Group in sales lift May 11, 2011 RESTAURANT Group yesterday said its total sales for the first 18 weeks of the new financial year grew 5.5 per cent, but warned of tough market conditions ahead due to fragile consumer confidence. The company, which owns the Garfunkel’s and Frankie & Benny’s chains, said yesterday sales of restaurants open for at least a year [...]
Restaurant Group in sales lift May 11, 2011 RESTAURANT Group yesterday said its total sales for the first 18 weeks of the new financial year grew 5.5 per cent, but warned of tough market conditions ahead due to fragile consumer confidence. The company, which owns the Garfunkel’s and Frankie & Benny’s chains, said yesterday sales of restaurants open for at least a year [...]
…as surveys highlight two tier economy in Eurozone April 19, 2011 GROWTH in the Eurozone’s economy has accelerated this month despite escalating fears over sovereign debt in several member states. An initial index reading of business output came in at 57.8 for April, up from 57.6 in March and the second highest since June 2007. All scores over 50 in the purchasing managers’ index (PMI) indicate [...]
ANALYST VIEWS: WILL CONFIDENCE BOUNCE BACK SOON? September 25, 2011 SAMUEL TOMBS | CAPITAL ECON “No – conditions may be deteriorating further. We expect figures from surveys like the CBI’s Distributive Trades Survey, which comes out in the UK tomorrow, to maintain the gloomy tone. And while August’s household borrowing figures, released this Thursday, may reveal a rise in mortgage approvals, we predict a fall [...]
FTSE up despite Europe summit concerns December 9, 2011 The UK’s top share index has closed higher as investors took the positives from the agreements at the European summit. Talk of potential Chinese investment in Europe and improving economic data in the US also lifted sentiment. While not the emphatic solution to the Eurozone’s two-year old debt crisis some had hoped for, EU countries [...]
FTSE up despite Europe summit concerns December 9, 2011 The UK’s top share index has closed higher as investors took the positives from the agreements at the European summit. Talk of potential Chinese investment in Europe and improving economic data in the US also lifted sentiment. While not the emphatic solution to the Eurozone’s two-year old debt crisis some had hoped for, EU countries [...]
Mortgage lending rises October 20, 2011 Gross mortgage lending rose four per cent on the year to £12.9bn in September, the Council of Mortgage Lenders said, although it said the level of housing market activity was subdued. The CML said gross lending in the third quarter of this year to £38.6bn, up 15 per cent from the second quarter, and two [...]
Economy may be shrinking October 24, 2011 GROWTH is weak and the UK’s economy may be contracting in this quarter, the monetary policy committee’s Martin Weale said yesterday. “The underlying rate of growth is weak, I wouldn’t be terribly surprised if we saw growth contract in the fourth quarter,” Weale told Channel 4 News. “The risk of recession is higher than it [...]
GLOOMY JUNE DATA NOT ALL DUE TO JAPAN June 6, 2011 WELL, that was a poor start to the new month. Last week saw the release of a stack of economic numbers from around the globe, the majority of which were significantly weaker than expected. The US data were particularly disappointing as the Chicago PMI, consumer confidence, S&P/Case Shiller house price index, vehicle sales, ADP employment, [...]
Greece drags on Deutsche Telekom sales November 10, 2011 Deutsche Telekom expects to close its US deal on time despite facing regulatory scrutiny, as its profits reached the higher end of estimates. Net profits for the last quarter rose 15 per cent to €1.07bn (£910m), while revenues dropped 4.1 per cent to €10.99bn. Its operations were hit by the Eurozone crisis and government austerity [...]