US consumer confidence remained weak in September, the Conference Board has reported. The closely-monitored Consumer Confidence Index from the Conference Board edged higher to 45.4 this month from August’s upwardly revised reading of 45.2. However, not only was the reading less than forecasts of a level of 46.6, it was the lowest since April 2009 [...]
Consumer confidence slipped by two points in July, according to Nationwide’s index, returning to a level seen in the post-Christmas gloom of January. At 49 points, the lender’s main confidence index remains well below its long-run average of 79, and the building society is not expecting a substantial improvement during the remainder of this year. [...]
The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of September. The building society’s consumer confidence index plunged 9 points to 53 in September – its lowest level in over a year. Commenting on the survey, Nationwide chief economist Martin Gahbauer, said the forthcoming spending [...]
US consumer confidence took a dive in September to 48.5, down from a revised 53.2 in August – the lowest since February 2010. The reading from the closely-monitored Consumer Confidence Index from the Conference Board was worse than the 52.0 economists had expected. Furthermore, the index is far away from the 90 points required to [...]
US consumer confidence took a dive in June after rising for three consecutive months. The closely-monitored Consumer Confidence Index from the Conference Board plummeted to 52.9 in June, down from a revised 62.7 in May. June’s figure was short of analysts forecasts of 62 and remains far away from the 90 points required to show [...]
US consumer confidence rose in may, despite fears about the debt crisis in the euro zone. The closely-monitored Consumer Confidence Index from the Conference Board rose for the third consecutive month to 63.3 in May, up from 57.7 the previous month. However, despite the rise, the index still remains far away from the 90 points [...]
The Commerce Department today revealed that the world’s no.1 economy grew at a far slower rate in the third quarter than previous estimates showed. According to official figures, the US economy grew by 2.8% between the July and September period, rather than the 3.5% previously reported. Today’s figures confirm that the economy exited its worst [...]
US consumer confidence took a dive in October after the closely-monitored Consumer Confidence Index from the Conference Board fell to 47.7 from a revised 53.4 in September. It is the second time in two months that the index has fallen and analysts were surprised by the fall after they were expecting the reading to stay [...]
Despite positive comments from Federal Reserve chairman Ben Bernanke that the US recession is very likely over and President Barack Obama saying the economy is improving, it seems US consumers are not sharing their optimism after confidence fell unexpectedly in September. The closely-monitored Consumer Confidence Index from the Conference Board fell from a revised 54.5 [...]
Figures from Spain’s Labour Ministry have revealed that unemployment continued to rise in April for the 13th consecutive month, albeit the rise is slowing. A further 39,478 people registered as unemployed in April, against the 123,543 who registered the previous month. Spain has one of the highest unemployment rates in the euro zone after reaching [...]
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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