Tag: beat

Standard Chartered reports rise in H1 profits

Standard Chartered reports rise in H1 profits

London-based emerging markets bank, Standard Chartered, has today posted half-year pre-tax profits of $3.6 billion (£2.2 billion) – a rise of 17% compared with the same period a year ago. The figures represented its ninth consecutive first half of record profits and beat expectations of $3.47 billion. The bank, which has a strong presence in [...]

August 3, 2011 | 0 Comments More
Japan’s retail sales recover in June

Japan’s retail sales recover in June

July 28, 2011 | 0 Comments More
Morgan Stanley shares rise after strong Q2 results

Morgan Stanley shares rise after strong Q2 results

Wall Street banking giant Morgan Stanley has today reported a rise in quarter two revenues – beating forecasts. The US bank reported a 17% rise in revenues for the three months to the end of June totalling $9.3 billion (£5.7 billion) - up from $8 billion in the same period a year ago. However, the [...]

July 21, 2011 | 0 Comments More
Citigroup Q2 profits surge 24%

Citigroup Q2 profits surge 24%

US banking giant Citigroup reported a 24% rise in second quarter profits as losses were reduced from bad loans. The bank, which is in the third largest in the US, reported net income of $3.34 billion (£2.07 billion) in the three month period to the end of June. The results beat market forecasts and represented [...]

July 18, 2011 | 0 Comments More
JP Morgan profits up 13%

JP Morgan profits up 13%

The US banking reporting season has got off to a good start today after JP Morgan reported a 13% increase in profits to $5.4 billion (£3.3 billion) – exceeding analysts’ expectations. Furthermore, revenues were 7% higher in the three months to the end of June at $27.4 billion. The good performance comes despite losses from [...]

July 14, 2011 | 0 Comments More
New Zealand economic growth beats expectations in Q1

New Zealand economic growth beats expectations in Q1

Official figures today revealed New Zealand’s economy surged in the January to March period despite the devastating earthquake which hit Christchurch, the country’s second largest city, on 22 February. The economy grew by 0.8% in the three month period – the fastest pace for over a year, according to Statistics New Zealand. The figure was [...]

July 14, 2011 | 0 Comments More
UK manufacturing output recovers in May

UK manufacturing output recovers in May

The Office for National Statistics (ONS) has today revealed UK industrial output grew at its fastest rate since March 2010 last month after plunging in April due to the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain. April’s fall represented the biggest since August 2009. However, output rose [...]

July 7, 2011 | 0 Comments More
DCLG: House prices rise 0.3% in February

DCLG: House prices rise 0.3% in February

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.3% in February compared with January, with the average UK home costing £204,164. On an annual basis, house prices rose 0.7% - beating expectations for a 0.1% rise. The data from the DCLG is based on mortgage [...]

April 12, 2011 | 0 Comments More
M&S reports better than expected sales

M&S reports better than expected sales

British retailing giant Marks and Spencer (M&S) has today reported like-for-like sales, which strip out new store openings, grew 0.1% in the 13 week period to 2 April. The figures were marginally better than expected and sent shares up 13.3p today to 353.5p. The 127-year-old retailer which sells clothes, food and homewares said general merchandise [...]

April 6, 2011 | 0 Comments More
UK construction activity eases in March

UK construction activity eases in March

The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity eased slightly in March. The PMI edged lower to 56.4 in March, from February’s 8-month high of 56.5 - albeit better than forecasts of 54.8. However, the index remains above the crucial 50 mark, which indicates [...]

April 4, 2011 | 0 Comments More
UK manufacturing output recovers in January

UK manufacturing output recovers in January

The Office for National Statistics (ONS) has today revealed UK manufacturing output bounced back in January after December’s weather related fall. According to the ONS, manufacturing output rose 1% in January - its fastest monthly pace in 10 months. It also beat analysts expectations who forecast a rise of 0.8%. In the meantime, output was [...]

March 10, 2011 | 0 Comments More
Japan core machinery orders surge in January

Japan core machinery orders surge in January

Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending – rose 4.2% in January on a monthly basis - easily beating expectations of a 3.1% increase. The increase in orders represented the second consecutive monthly rise, according to the Cabinet Office, and follows December’s 1.7% rise and [...]

March 9, 2011 | 0 Comments More
South Korea industrial output hits 17-month high

South Korea industrial output hits 17-month high

Statistics Korea today said South Korea’s industrial output has expanded at its fastest pace since September 2009. Output grew by 4.6% in January compared with December, while on an annual basis, output grew by 13.7% - much higher than the 10.6% annual gain posted in December. The figures easily beat analysts expectations of a 1.4% [...]

March 3, 2011 | 0 Comments More
Taylor Wimpey returns to full-year profit

Taylor Wimpey returns to full-year profit

Taylor Wimpey, which was formed by the merger of Taylor Woodrow and George Wimpey, today said it had returned to profitability but remains cautious. The housebuilder, which is the country’s third largest by value, said pre-tax profit before exceptional items came in at £75.1 million for the 2010 year - against a loss of £96.1 [...]

March 3, 2011 | 0 Comments More
BoE: Mortgage approvals pick up in January

BoE: Mortgage approvals pick up in January

The Bank of England has today revealed mortgage approvals rose in January. According to the Bank, there were 45,723 loans approved in the month, up from December’s 42,719 - a month when the country was hit by the coldest weather in more than a century. The level of approvals easily beat analysts forecasts of a [...]

March 1, 2011 | 0 Comments More
Euro zone sentiment rises more than expected

Euro zone sentiment rises more than expected

A monthly survey by the European Commission has reported a rise in euro zone economic sentiment in February. The Indicator rose to 107.8 in February, up from 106.8 in January and exceeded forecasts of a reading of 106.8. In a statement, the Commission said: “The ESI (Economic Sentiment Indicator) is now above its long-term average [...]

February 24, 2011 | 0 Comments More
NAR reports rise in US homes sales in January

NAR reports rise in US homes sales in January

The National Association of Realtors (NAR) has revealed sales of previously owned homes in the US rose in January. The industry body said sales grew 2.7% in January to a seasonally adjusted annual rate of 5.36 million units – beating forecasts of 5.23 million units. Sales were also up 5.3% compared with January 2010 levels. [...]

February 24, 2011 | 0 Comments More
US manufacturing output beats expectations in January

US manufacturing output beats expectations in January

The latest survey from the Institute for Supply Management (ISM) has revealed a rise in US factory output. According to the ISM, the manufacturing activity index rose to 60.8 in January, from December’s 58.5. The reading, which was the highest since May 2004, was better than analysts expected and drove US stocks up to a [...]

February 2, 2011 | 0 Comments More
UK construction activity recovers in January

UK construction activity recovers in January

The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity recovered last month on the back of better weather. The PMI rose to 53.7 in January, up from December’s 49.1 - which represented the first fall in 10 months due to the severe wintry weather during [...]

February 2, 2011 | 0 Comments More
UK manufacturing activity hits record high in January

UK manufacturing activity hits record high in January

The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity surged at a record pace in January. The closely-watched CIPS/Markit manufacturing PMI jumped to 62.0 in January from December’s upwardly revised reading of 58.7. Not only was the reading the highest since records began in 1992, [...]

February 1, 2011 | 0 Comments More