Only timely exit strategies will restore trust in Club Med states February 24, 2010 ONE year after the global bank crisis, investors’ worries have shifted from bank debt to sovereign debt. Western governments’ public deficits have grown considerably in a double-whammy of bank bailouts and fiscal stimulus. Those who question the effectiveness of the various stimulus programmes need only look at the sluggish growth in the fourth quarter of [...]
Fresh fears over global recovery February 23, 2010 FEARS of a double-dip global recession intensified yesterday after a slew of depressing economic news highlighted the fragility of the world economy. Bank of England governor Mervyn King warned that Britain might have to resort to further quantitative easing (QE) if the UK economy deteriorates further. He highlighted the stalled recovery in the Eurozone – [...]
Moss Bros reports wider loss September 29, 2009 MENSWEAR retailer Moss Bros yesterday posted widening losses but said it was confident that it would return to profit “sooner rather than later”. Moss Bros reported a pre-tax loss of £3m for the six months to 1 August, compared to £2m for the same period the year before. The group, which also runs the Savoy [...]
Moss Bros reports wider loss September 29, 2009 MENSWEAR retailer Moss Bros yesterday posted widening losses but said it was confident that it would return to profit “sooner rather than later”. Moss Bros reported a pre-tax loss of £3m for the six months to 1 August, compared to £2m for the same period the year before. The group, which also runs the Savoy [...]
IMF: Revival will be quick October 1, 2009 THE UK’s journey out of recession will be quicker than previously thought, the International Monetary Fund (IMF) said yesterday. The international body revised its initial prediction of 0.2 per cent growth in 2010 to 0.9 per cent and also lifted forecasts for other economies, citing the effect of global stimulus measures, the return of consumer [...]
IMF: Revival will be quick October 1, 2009 THE UK’s journey out of recession will be quicker than previously thought, the International Monetary Fund (IMF) said yesterday. The international body revised its initial prediction of 0.2 per cent growth in 2010 to 0.9 per cent and also lifted forecasts for other economies, citing the effect of global stimulus measures, the return of consumer [...]
US earnings rut could be at an end October 11, 2009 Though today is Columbus Day, a public holiday in the US, most of its markets are trading regular hours. This week is going to be defined by US corporate earnings. Tomorrow we have Intel and Johnson & Johnson, JP Morgan Chase is on Wednesday; on Thursday Citigroup, Goldman Sachs, Google and IBM are all due [...]
US consumer woes offset housing cheer September 29, 2009 HOUSE prices in America rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fuelled worries about personal finances on the other side of the Atlantic, data showed yesterday. The data indicates the economic rebound is still in its early days following the [...]
US consumer woes offset housing cheer September 29, 2009 HOUSE prices in America rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fuelled worries about personal finances on the other side of the Atlantic, data showed yesterday. The data indicates the economic rebound is still in its early days following the [...]
Christmas will be make or break for our retailers November 8, 2009 WHEN the Christmas lights on Regent Street were switched on last week, it marked the beginning of the most important period of the year for high-street retailers. Many can earn 60 per cent of their annual profits in the peak weeks of Christmas. After a dismal end to 2008 when it seemed like retail chains [...]