News Tag: annual
February 22, 2010
It has emerged today that Eric Daniels, chief executive of Lloyds Banking Group, will waive his £2.3 million annual bonus.
The move comes after Royal Bank of Scotland chief executive, Stephen Hester, opted not to take his £1.6 million bonus.
The decision by 49-year-old Hester came just one week after Barclays chief executive John Varley and president Bob Diamond both agreed to ...
Lloyds chief exec to waive annual bonus
by Kay Murchie
Taiwan and Thailand’s GDP surges due to demand from China
by Kay Murchie
January 29, 2010
In the first of the 2010 house price surveys, Nationwide has announced that the average price of a home rose by 1.2% in January, compared with a month earlier.
The ninth consecutive monthly increase puts the average value of a UK home at £163,481, showing a year-on-year gain of 8.6% (up from 5.9% in December 2009).
Furthermore, the building society's chief economist, Martin Gahbauer, ...
House prices up 8.6% year-on-year
by Gill Montia
January 7, 2010
In its latest survey of the UK housing market, Halifax reports that in December house prices increased for the sixth consecutive month.
The rise took the value of a typical home to £169,042, up 9.4% (£14,552) on the low of April 2009, and 1.1% higher on an annual basis.
Taking the three-month-on-three-month measure, prices rose for the second successive quarter; ...
House prices gain 9.4% on April 2009 low
by Gill Montia
December 8, 2009
UK house prices rose by 1.4% in November compared to a month earlier, according to Halifax.
The average cost of a home came in at £167,664, up 4.2% in the first 11 months of 2009.
The fifth consecutive monthly increase also eased the annual decline to 1.6%; a significant improvement on April's low of minus 17.7%.
Furthermore, prices over the period September to November ...
Halifax reports 1.4% house price rise
by Gill Montia
December 7, 2009
Iceland's economy plummeted at its fastest pace on record in the third quarter, falling by 5.7% compared to the previous quarter.
However, on an annual basis the economy contracted by 7.2% - the biggest fall on record.
The news comes as many economies throughout the world are now recovering as they emerge from recession.
However, Iceland was severely hit by the financial crisis last ...
Iceland’s economy shrinks at record pace
by Kay Murchie
October 23, 2009
According to the Society of Motor Manufacturers and Traders (SMMT), UK car production fell 16% in September compared with the same month last year.
However, the SMMT said it was the smallest fall for 12 months and was considerably less than the annual rate of fall of 31.5% reported in August.
The SMMT attributed the lower decline to the Government’s scrappage scheme, ...
UK car production slows but rate easing
by Kay Murchie
October 13, 2009
The Consumer Prices Index (CPI), a key measure of inflation, has fallen from 1.6% to an annual 1.1% in August - the lowest level since September 2004, the Office for National Statistics (ONS) said today.
While the decline in inflation was higher than analysts had expected, it was primarily due to lower food and energy costs.
According to the ONS, electricity, ...
UK inflation rate falls in September to 1.1%
by Kay Murchie
September 7, 2009
The annual Top 50 World’s Safest Banks list for 2009 has been published with the HSBC and the Nationwide Building Society rated 18th and 46th respectively.
The two banks are the only two UK financial institutions to make it into New York-based Global Finance Magazine’s annual Top 50 list, which is in its 18th year.
However, Lloyds ...
Two UK banks make it into World’s Top 50 Safest Banks list
by Kay Murchie
June 30, 2009
A scarcity of housing is propping up house prices in England and Wales, with growth in demand strongest in southern England.
So says housing intelligence firm, Hometrack, as it reports that prices remained stable in June, for the second consecutive month.
The market is now showing an annual decline of 8.7%, having eased from 9.6% in May and the percentage of post codes registering ...
House prices stable in June
by Gill Montia
June 26, 2009
Latest figures from the Land Registry show house prices in England and Wales declining by 0.2% in May, with the average property worth £152,497.
While the monthly change remained negative, the rate of fall eased from 0.3% in April and the annual rate of decline fell back to 15.9% compared with 16.2% in April.
In May, London saw house prices ...
Official figures show house price slide easing to 0.2%
by Gill Montia
June 2, 2009
Europe’s largest no-frills airline, Ryanair, has posted its first annual loss, which it attribute to rising fuel costs, lower fares and the write-down on the value of its stake in Irish rival Aer Lingus.
The airline made a net loss for the 12 months to the end of March of €169 million, compared with a profit of €481 million a year ...
Ryanair posts larger loss than expected
by Kay Murchie
May 15, 2009
The US Labor Department has announced today that US consumer prices remained unchanged in April - in line with expectations.
However, on an annualised basis, inflation fell 0.7% on April last year - the steepest decline in 54 years.
Core prices, excluding energy and food, rose by 0.3% in April compared with March, which was more than expected, this was boosted ...
US inflation in largest annual fall since 1955
by Kay Murchie
March 18, 2009
The Department for Communities and Local Government (DCLG) has released its UK house price statistics for January, based on mortgage completions during the month.
The figures show the average cost of a home falling 11.5% since January 2008, to £195,724.
However, the decline in prices eased during the three months to the end of January 2009, with the value of ...
Government figures show 11.5% decline in house prices
by Gill Montia
February 26, 2009
Nationwide has reported a 1.8% fall in UK house prices, in February.
The lender's monthly index puts the average cost of home at £147,746, or 17.6% less than a year ago (£179,358).
The building society's chief economist, Fionnuala Earley, suggests that a combination of falling prices and interest rates could mean that when confidence returns to the market, sales will ...
Nationwide house price index down an annual 17.6%
by Gill Montia
February 11, 2009
Credit Suisse, which is Switzerland's second-largest bank, has reported its biggest annual loss ever of SwFr8.2 billion (£5 billion) - the majority of which (SwFr6 billion) came during the October to December period in 2008.
Chief Executive, Brady Dougan, described the results as ‘clearly disappointing’ but added that they had started 2009 with a very strong capital position.
The fourth quarterly loss ...
Credit Suisse announces biggest ever annual loss
by Kay Murchie
February 10, 2009
Swiss banking giant, UBS, has reported a full-year loss of SwFr19.7 billion (£11.3 billion) following a turbulent year in the banking industry.
Furthermore, the bank, which is Switzerland's largest, reported a fourth quarter loss of SwFr8.1 billion.
UBS said it plans to refocus on its domestic market after a turbulent year overseas and is to create two new business units - wealth ...
UBS reports annual loss, further job losses
by Kay Murchie
February 5, 2009
Germany’s largest bank, Deutsche Bank, has highlighted the severity of the global financial crisis by announcing its first ever annual loss.
The bank made a net loss of €3.9 billion (£3.5 billion) in 2008 following a €6.5 billion profit the previous year.
Meanwhile, the last quarter of 2008 saw the biggest deficit, with the bank reporting a net loss of €4.8 ...
Deutsche Bank announces first ever annual loss
by Kay Murchie
January 30, 2009
The Land Registry has reported that house prices in England and Wales fell by 13.5% in 2008, with the average value of a home dipping a further 2% in December, to £158,846.
By way of comparison, yesterday Nationwide reported an annual decline of 15.9% in December.
According to the Registry, Wales was the only region to record a month-on-month rise ...
Land Registry reports 13.5% fall in house prices
by Gill Montia
January 26, 2009
Housing intelligence firm, Hometrack, has reported a 1% fall in UK property prices during January.
The sixteenth consecutive month of decline takes the annual drop to 9.4%.
The company expects values to fall a further 10% during 2009, with the decline continuing in 2010 but slowing to 3% over the year.
According to the survey, the average time a property spent on the ...
Hometrack reports 9.4% fall in house prices
by Gill Montia
