News Tag: analysts
February 25, 2010
Royal Bank of Scotland (RBS), which is 84% state-owned, has today posted a full-year loss of £3.6 billion.
RBS is the second major UK bank to report its 2009 results. Last week, Barclays announced record profits of more than £11 billion - a 92% rise on the previous year.
However, RBS’ loss is not as bad as analysts were expecting, many had predicted losses ...
RBS posts £3.6bn annual loss
by Kay Murchie
February 19, 2010
As expected, the snowy and icy conditions experienced in the UK in January has resulted in a fall in retail sales.
The severe wintry weather drove shoppers away from the High Street and resulted in a 1.8% fall in retail sales - the sharpest drop in 18 months.
The official figures, from the Office for National Statistics, were more than ...
UK retail sales slip due to January snowfall
by Kay Murchie
February 2, 2010
The Reserve Bank of Australia (RBA) has stunned the markets by electing to keep interest rates on hold at 3.75%.
The RBA has increased interest rates three times since October and many analysts said interest rates could hit 4.25% in the short-term.
Australia is one of the few developed economies not to have fallen into recession like its counterparts throughout the world.
The economy ...
Australia surprises with interest rate freeze
by Kay Murchie
January 29, 2010
The Commerce Department has today revealed that the US economy grew 5.7% in the final three months of 2009 - the fastest pace in six years and higher than analysts expectations.
The US economy emerged from recession in the third quarter after experiencing growth of 2.2% and today’s figures clearly show that after enduring the longest and deepest downturn since the Great ...
US Q4 economy growth beats expectations
by Kay Murchie
January 14, 2010
Australia’s unemployment rate fell in December to 5.5% from 5.6% in November, according to the latest figures from the Australian Bureau of Statistics.
In comparison, the unemployment rate in both the US and Europe are around the 10% mark.
Australia’s figures came as a surprise to many analysts who had expected the rate to remain flat or rise slightly.
Meanwhile, the ...
Australia continues to outperform as unemployment rate falls
by Kay Murchie
October 28, 2009
There were concerns over a recovery in the US housing market today after the Commerce Department revealed a fall in the annual rate of US new home sales in September.
According to the Commerce Department, new single-family home sales dived by 3.6% to a seasonally adjusted annual rate of 402,000 homes, down from a revised 417,000 units in August.
It was ...
New US home sales fall in September
by Kay Murchie
October 21, 2009
The maker of Dairy Milk chocolate, Cadbury, has exceeded analysts expectations in the third quarter after reporting a 7% rise compared with the same period a year ago.
Analysts had been expected growth of around 4% and the news sent shares up 0.9% to 808p in the British confectionery giant.
Cadbury chief executive, Todd Stitzer, said: "We have great momentum in our business ...
Cadbury sees strong third quarter
by Kay Murchie
October 16, 2009
There are signs of recovery within the US manufacturing sector after the Federal Reserve reported a rise in industrial production for the month of September.
The US central bank said output at the nation's factories, mines and utilities grew 0.7% during the month - higher than the 0.2% rise expected by analysts and follows the rise of 1.2% in August.
However, ...
US industrial production sees third straight monthly gain
by Kay Murchie
September 2, 2009
Official figures have revealed that the Australian economy exceeded expectations in the April to June period by experiencing growth of 0.6% compared with the previous quarter.
Analysts had only forecast growth of 0.2% after a severe fall was reported in export prices yesterday, Export prices in quarter two plummeted by 15.8% - the largest drop since records began ...
Australia continues to avoid recession as GDP exceeds analysts forecasts
by Kay Murchie
September 1, 2009
The Chartered Institute of Purchasing & Supply's monthly index of manufacturing fell to 49.7 in August from 50.2 in July - a figure below 50 indicates contraction.
Today’s figures have surprised many analysts who predicted a rise to 51.5, after growth was reported in July for the first time since April last year.
Meanwhile, the new orders index declined from 54.8 to ...
Weak manufacturing data sends FTSE down
by Kay Murchie
August 13, 2009
The US economy has surprised analysts again, this time by announcing a dip in retail sales for the month of July.
The fall of 0.1% for July follows two months of gains, according to the Commerce Department.
Analysts described the figures as disappointing as they had been expecting a rise of 0.7% in overall sales last month.
Petrol stations, department stores, electronics outlets ...
US retail sales dip in July
by Kay Murchie
July 14, 2009
Investment bank Goldman Sachs has again exceeded analysts expectations by reporting a net profit of $3.4 billion (£2.1 billion) for the April-June period of this year.
The bank, which had to be bailed out by the US Government, is currently under fire for plans to pay out staff bonuses averaging $226,000 per employee, totalling $6.65 billion.
The return of excessive ...
Goldman surprises analysts with strong Q2 performance
by Kay Murchie
April 14, 2009
Investment bank Goldman Sachs has exceeded analysts expectations by announcing a $1.8 billion (£1.2 billion) net profit for the three months ending 27th March.
In the previous quarter, Goldman posted its first quarterly loss since going public in 1999.
The markets are expected to respond positively to the results, which kicks-off some much needed good news to the US banking sector, ...
Goldman Sachs exceeds expectations by reporting $1.8bn profit
by Kay Murchie
March 4, 2009
The Bank of England's monetary policy committee (MPC) will cut interest rates tomorrow, according to a poll of industry economists.
Of the 11 experts polled, nine predicted a rate cut, whilst two said current economic conditions make it too close to call.
Economists polled included representatives from HSBC, Barclays, the Centre for Economics and Business Research, the Royal Institution of Chartered Surveyors, and ...
Analysts expect 0.5% rate cut tomorrow
by David Masters
