The Society of Motor Manufacturers and Traders (SMMT) have revealed UK car sales saw their first rise in 14 months in August. According to the trade body, car sales rose by 7.3% in August compared with the same month in 2010, with sales of smaller cars rising by more than 30%. The Ford Fiesta remained [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp fall in UK car production for the month of April, disrupted by supply shortages, resulting from the Japanese earthquake and tsunami. Japan’s three major carmakers (Toyota, Nissan and Honda) all have operations in the UK, with the latter halving its [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production for the month of February. UK car production rose 15.1% versus the same month a year ago, the SMMT said, with the total number of cars produced at 111,983. For the year-to-date, car production is 12% [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a strong rise in UK car production for the 2010 year. UK car production grew by 27.1% during 2010 to 1.27 million cars compared with 2009, with growth up 10.6% in December alone. In addition, commercial vehicles (vans and trucks) also saw [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production for the month of October. UK car production rose 6% versus the same month a year ago, the SMMT said with the total number of cars produced at 112,798. For the year-to-date, car production is 31% [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production for the month of September. UK car production rose 5.8% against the same month a year ago, the SMMT said. For the year-to-date, car production is 35% higher than in the same period last year, the [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp fall in UK car production for the month of July. Car production plummeted by 8.9% against the same month a year ago – the first such fall since October last year. The SMMT said there were 98,000 cars produced in [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp rise in UK car production for the month of February. Car production surged 62.7% against the same month a year ago and represents the fourth consecutive month that output has seen a year-on-year increase. The SMMT said there 97,255 cars [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a strong rise in UK car production for the month of January. Car production surged 64.8% against the same month a year ago – this represents the biggest year-on-year increase in monthly production since May 1976, according to the SMMT. The SMMT [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a severe fall UK car production. Car output fell 47.5% in December compared with a year earlier, with 53,823 cars produced. For the 2009 year as a whole, 1,446,619 cars were produced – a fall of 5.7% on the previous year. The [...]
It has been suggested that China, which is the world’s third largest economy, has overtaken Germany as the world’s biggest exporter, the Xinhua news agency reported today. China’s new status will come as no surprise to analysts who have described the economy’s recovery as impressive. Furthermore, it reflects the ability of its low-cost manufacturers to [...]
Minister of Industry and Information Technology Li Yizhong said China’s Government is targeting economic growth of around 8% in 2010. In a bid to boost China’s economy, which is the world’s third largest, the Government embarked on a massive stimulus package of infrastructure projects to create jobs. The stimulus package appears to have been successful [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production. Car output rose 15.7% in November compared with a year earlier – the first time car output rose since September 2008. According to the SMMT, there were 112,948 cars made in November and so far this [...]
China’s economy continues to show impressive strength after figures show that the manufacturing sector expanded in October at its fastest rate in 18 months. The purchasing managers index (PMI) from the state-sanctioned China Federation of Logistics and Purchasing rose to a seasonally adjusted 55.2 in October, up from 54.3 the previous month, Any figure above [...]
Official figures show that Chinese GDP growth surged to 8.9% in the July to September period, up from 7.9% in the April to June period. The strong result was due to all sectors performing strongly and was the fastest GDP growth since quarter three last year. Many analysts have described China’s recovery as “impressive”. In [...]
Chinese state media has reported that annual car production in China has accelerated and topped the 10 million mark for the first time and is set to overtake the world’s leading economies. Only the US and Japan (the world’s number one and two economies) have produced 10 million cars in a single year. China’s car [...]
The Society of Motor Manufacturers and Traders (SMMT) has revealed today that car production continued its downward spiral in May but was the small drop in more than six months. According to the SMMT, a total of 67,754 cars were made in the UK in May – a fall of 43% when compared to May [...]
The latest Bank of Japan’s quarterly Tankan survey has revealed that business confidence among major manufacturers in Japan has hit the lowest level ever. The survey of 10,000 companies, which is seen as a key indicator of the health of the country’s economy, revealed that confidence has plummeted to a 35-year low. The world’s second [...]
Figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed that the number of cars built in November in the UK was down 33% compared with the same month last year. A fall in demand for new vehicles in the UK and overseas was attributed to the severe decline. Meanwhile, production of commercial [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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