Tag: annual

Nationwide reports rise in underlying pre-tax profits

Nationwide reports rise in underlying pre-tax profits

Britain’s largest building society, Nationwide, has today posted a surge in underlying pre-tax profits. Nationwide said pre-tax profits fell 7% to £317 million – primarily due to accounting changes. However, underlying profits surged 30% to £276 million in the year to 4 April. Meanwhile, the amount written off for bad loans to customers dropped by [...]

May 25, 2011 | 0 Comments More
M&S profits up but is cautious about consumer spending pressures

M&S profits up but is cautious about consumer spending pressures

British retailing giant Marks & Spencer (M&S) has today reported a 13% rise in annual profits to £714.3 million. Meanwhile, international sales grew 6.1%, while sales in the online operation rose 31%. However, despite the positive figures, the 127-year-old retailer which sells clothes, food and homewares, said the coming year will be challenging due to [...]

May 24, 2011 | 0 Comments More
Profits continue to rise at Standard Chartered

Profits continue to rise at Standard Chartered

London-based emerging markets bank, Standard Chartered, has today posted annual pre-tax profits of $6.122 billion (£3.76 billion) compared with $5.151 billion in 2009. The bank, which has a strong presence in Asia, said the rise was driven by a fall in loan impairment losses, which dropped 56% to $883 million. The bank has weathered the [...]

March 2, 2011 | 0 Comments More
HSBC annual profits double

HSBC annual profits double

HSBC has today posted pre-tax profits of $19 billion (£11.8 billion) for the 2010 year, compared with $7.1 billion for the 2009 year. While the banking giant saw profits double, the results disappointed investors as they were slightly below the $20 billion analysts had expected. Shares in the bank were up 2% prior to the [...]

February 28, 2011 | 0 Comments More
German exports up 0.5% in December

German exports up 0.5% in December

Statistics office Destatis has revealed German exports rose 0.5% in December on a monthly basis - albeit half the 1% rise expected by analysts. However, for the 2010 year, exports were up 18.5% to €951.9 billion. The figures sent the euro slightly higher to $1.3651 from $1.3627 late Tuesday. Germany is the world’s second largest [...]

February 9, 2011 | 0 Comments More
Oil spill related costs lead BP to annual loss

Oil spill related costs lead BP to annual loss

Oil giant BP has today posted a loss of $4.9 billion (£3.1 billion) for the 2010 year - much higher than analysts has expected. The loss, which was the first in almost 20 years, was attributed to costs related to the oil spill in the Gulf of Mexico. An explosion on a BP oil rig [...]

February 1, 2011 | 0 Comments More
House prices up just 0.4% on year

House prices up just 0.4% on year

The latest house price index from the Nationwide Building Society has revealed a 0.4% rise for the month of December compared with November. The latest rise means house prices are now just 0.4% higher than this time last year with the average UK home costing £162,763. Commenting on the figures, Nationwide’s chief economist Martin Gahbauer, [...]

December 31, 2010 | 0 Comments More
UK Q3 economic growth figures revised down

UK Q3 economic growth figures revised down

The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.7% in the July to September period – down from its previous estimate of 0.8%. On an annual basis, meanwhile, growth was also revised down to 2.7% from 2.8%. Both figures surprised economists who had expected quarterly and annual growth to [...]

December 22, 2010 | 0 Comments More
Research reveals 2010 has been harsh year for many Britons

Research reveals 2010 has been harsh year for many Britons

According to research from helpline charity, the Samaritans, 30% of people said 2010 had been one of the worst years ever - up from 24% who felt the same way about 2009. The annual survey of the nation’s happiness revealed the most common worries over the last 12 months were money, relationships, job security, domestic [...]

December 20, 2010 | 0 Comments More
Official: annual house price inflation 5.2%

Official: annual house price inflation 5.2%

The Land Registry has reported annual house price growth of 5.2% across England and Wales in September, marking the eleventh consecutive month in which annual property price inflation has remained above zero. However, the value of the typical home was at its lowest since December 2009 and the monthly change of -0.2% was the first [...]

October 29, 2010 | 0 Comments More
David Cameron delivers speech at CBI annual conference

David Cameron delivers speech at CBI annual conference

Prime Minister David Cameron has delivered a speech today at the CBI’s annual conference and has outlined a “strategy for growth” for Britain’s private sector - just days after his Government unveiled its harsh Comprehensive Spending Review. The spending cuts introduced by the Coalition Government have received mixed responses; many have been critical of them [...]

October 25, 2010 | 0 Comments More
Nationwide: house prices steady in September

Nationwide: house prices steady in September

Nationwide has reported a 0.1% rise in the average UK house price in September (compared to August), taking the value of the typical home to £166,757. The movement left the annual rate of gain at 3.1%, down from 3.9% in August and 6.6% in July. Meanwhile, the three-month-on-three-month rate of change, which is a more [...]

September 30, 2010 | 0 Comments More
DCLG: house prices down in July

DCLG: house prices down in July

New figures from the Department for Communities and Local Government (DCLG) show the average UK house price falling by 0.3% in July, with the annual rate of inflation slowing to 8.4%, compared with 9.9% in June. On a country basis, annual house price rises were evident in England 9.0%; Scotland 3.7% and Wales 10.1%, while [...]

September 15, 2010 | 0 Comments More
House prices stable in August

House prices stable in August

UK house prices rose by 0.2% in August, following on from a 0.6% increase in July, according to Halifax. Much of the decline seen in the three preceding months has now been reversed, leaving the annual rate of inflation at 4.6%, slightly below the 4.9% measured in July. With the typical value of a home [...]

September 8, 2010 | 0 Comments More
Nationwide: house prices fall for second month in a row

Nationwide: house prices fall for second month in a row

UK house prices saw their second consecutive monthly fall in August, according to Nationwide. The lender recorded a 0.9% decline in the average value of a home, following a 0.5% month-on-month fall in July. The annual rate of inflation remained in positive territory at 3.9% but was down sharply, from 6.6% in July and 8.7% [...]

September 2, 2010 | 1 Comment More
Halifax: house prices up 0.6% in July

Halifax: house prices up 0.6% in July

Halifax has reported that UK house prices increased by 0.6% in July, reversing a fall of 0.6% in June. Prices were 4.9% higher year-on-year, having lost ground on a month earlier when the annual rate of growth registered at 6.3%. At £167,425, the value of the average home stood 8.3% above its April 2009 trough [...]

August 4, 2010 | 0 Comments More
Australia continues to put brakes on rate hikes

Australia continues to put brakes on rate hikes

The Reserve Bank of Australia (RBA) has again elected to leave interest rates on hold at 4.5% after a series of aggressive rate hikes since October. It is the third consecutive month in which rates have been at this level but economists say the central bank will only leave rates on hold for the short-term. [...]

August 3, 2010 | 0 Comments More
Nationwide: house prices down 0.5%

Nationwide: house prices down 0.5%

UK house prices fell back in July, for the first time since February, as buyer demand remained weak. According to Nationwide, the average value of a home declined by 0.5%, to £169,347, taking the annual rate of inflation down to 6.6%, compared with 8.7% in June. The lender notes that the sizeable drop is due [...]

July 29, 2010 | 0 Comments More
House prices lose 0.6% in June

House prices lose 0.6% in June

UK house prices fell by 0.6% in June, following a similar decline in May, Halifax has reported. The average value of a home stood at £166,203, with the annual rate of gain easing back to 6.3%, compared with 6.9% in May. That being said, prices in the April to June quarter were largely unchanged compared [...]

July 8, 2010 | 0 Comments More
Nationwide: house prices up 0.1% in June

Nationwide: house prices up 0.1% in June

UK house prices managed a 0.1% rise in June, compared with a month earlier, taking the average value of a home to £170,111, according to Nationwide. A flurry of new instructions following the abolition of Home Information Packs may have slowed the rate of gain, which fell back from 0.5% in May. The smoother three-month-on-three-month [...]

June 30, 2010 | 0 Comments More