Consumer confidence falls as Budget fuels pessimism on the UK economy July 13, 2010 FEARS about the emergency Budget gave consumer confidence another knock in June, according to the monthly Nationwide survey published today. The overall index of consumer confidence fell for the second month in a row to 63 points, a similar level to 12 months ago. Although the present situations index rose slightly, the expectations index was [...]
FTSE falls as Eurozone fear factor hits banks November 15, 2011 The FTSE edged down this morning, mirroring weaknesses in Asia, as rises in bond yields in Spain and Italy heaped more pressure on markets. Italy sold three billion euros of five-year bonds at 6.29 per cent yesterday – a euro-era record. The country’s 10-year bond yields rose to 6.76 per cent, also pushing Spanish 10-year [...]
Sentiment declines in Eurozone August 30, 2011 Economic sentiment in the Eurozone fell in August, the European Commission revealed yesterday. Its Economic Sentiment Indicator (ESI) shed 4.7 points to print 98.3, down from a revised 103 in July. “This decline resulted from a broad-based deterioration in sentiment across the sectors, with losses in confidence being particularly marked in services, retail trade and [...]
Regional slump weighs on Daily Mail owner March 28, 2011 Business to business revenue and events has supported growth at the Daily Mail’s parent group, but its regional news division has seen revenues slide. The Daily Mail and General Trust said revenues from business publishing such as its Euromoney Institutional Investor arm were up 11 per cent in the five months to the end of [...]
ANALYST VIEWS: IS DEBENHAMS HEADING IN THE RIGHT DIRECTION? March 15, 2011 HONOR WESTNEDGE | VERDICT RESEARCH Despite rising commodity prices and high levels of promotional activity on the rest of the UK high street, Debenhams has managed to improve its gross margin on the previous year. Through focusing on its own-bought product, the retailer is in a better financial position to face a tough second-half. JONATHAN [...]
Positive US jobless data gives hope September 29, 2011 US ECONOMIC growth for the second quarter was revised up while initial jobless claims dropped, according to US data out yesterday. The Bureau of Economic Analysis revised second quarter annualised growth up from one per cent to 1.3 per cent. Economists are warning that much of the increase on the previous quarter, which recorded growth [...]
Positive US jobless data gives hope September 29, 2011 US ECONOMIC growth for the second quarter was revised up while initial jobless claims dropped, according to US data out yesterday. The Bureau of Economic Analysis revised second quarter annualised growth up from one per cent to 1.3 per cent. Economists are warning that much of the increase on the previous quarter, which recorded growth [...]
Eurozone deal fails to breathe new life into markets September 30, 2011 The FTSE 100 opened down today as action to increase the Eurozone’s bailout fund failed to breathe new life into global markets. World stocks fell with European shares set to post their biggest quarterly decline since the collapse of Lehman Brothers three years ago, as investors grappled with a slowdown in global growth and the [...]
Eurozone deal fails to breathe new life into markets September 30, 2011 The FTSE 100 opened down today as action to increase the Eurozone’s bailout fund failed to breathe new life into global markets. World stocks fell with European shares set to post their biggest quarterly decline since the collapse of Lehman Brothers three years ago, as investors grappled with a slowdown in global growth and the [...]
Carpetright reckons it will remain strong despite challenging market September 8, 2011 CARPETRIGHT said yesterday that it remained a profitable business despite a “substantial” reduction in profits over the past year. The carpet and flooring company last month reported a 5.8 per cent decrease in trade for the year ending 30 April and, in spite of improvement, sales fell at a rate of 1.5 per cent for [...]