Tag: double

Bovis reports 130% rise in pre-tax profits

Bovis reports 130% rise in pre-tax profits

Housebuilder Bovis has today reported profits more than doubled in the six months to the end of June as a result of cost-cutting and rising house prices. The company said pre-tax profits surged to £8.1 million in the six month period compared with £3.5 million in the same period a year earlier, while revenue rose [...]

August 30, 2011 | 0 Comments More
Bank minutes suggest low rates for some time to come

Bank minutes suggest low rates for some time to come

Minutes of the Bank of England’s July 6-7 meeting have been released today and have revealed the Monetary Policy Committee (MPC) again voted 7-2 to lift interest rates and 8-1 to restart the Bank’s quantitative easing (QE) scheme. Adam Posen, again, called for an injection of £50 billion via the QE scheme to boost the [...]

July 20, 2011 | 0 Comments More
UK interest rates remain on hold

UK interest rates remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures show the economy [...]

June 9, 2011 | 0 Comments More
OECD: Bank of England should lift interest rates

OECD: Bank of England should lift interest rates

The Paris-based Organisation for Economic Cooperation and Development (OECD) has today said the Bank of England should lift interest rates to combat stubbornly high inflation. UK economic growth is being hampered by soaring inflation, which is having a major impact on consumer spending. As a result, the Organisation revised its growth forecasts for the UK, [...]

May 25, 2011 | 0 Comments More
UK inflation soars to 2½-year high in April

UK inflation soars to 2½-year high in April

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) surged to an annual rate of 4.5% in April – a level not seen since October 2008 and higher than forecasts of a rise to 4.2%. The surprise surge in inflation comes after the rate dropped to 4% in March and was attributed [...]

May 17, 2011 | 0 Comments More
UK inflation in surprise fall to 4% in March

UK inflation in surprise fall to 4% in March

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) fell to an annual rate of 4% in March, from February’s 28-month high of 4.4%. The fall was attributed to food prices, which fell 1.4%. While it was the first time in eight months inflation had slowed, it still remains double the target [...]

April 12, 2011 | 0 Comments More
Bovis sees encouraging start to the year

Bovis sees encouraging start to the year

Housebuilder Bovis Homes issued a positive statement today after saying 2011 had started well for the company and it will resume dividend payments. According to the company, pre-tax profits for 2010 were £18.5 million - more than double the £7.5 million it reported for the 2009 year. Revenues were up 6% at £298.6 million and [...]

March 14, 2011 | 0 Comments More
ONS: More over-65s opting to work

ONS: More over-65s opting to work

A report by the Office for National Statistics (ONS) has today revealed the number of people aged 65 and over in employment has doubled in the last decade. According to the ONS, the number of over 65s still in work has risen by almost half a million in the last 10 years. Approximately 412,000 people [...]

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
UK inflation surges to 4% in January

UK inflation surges to 4% in January

February 15, 2011 | 0 Comments More
Shell posts 90% rise in annual profits

Shell posts 90% rise in annual profits

Oil giant Royal Dutch Shell has today reported an almost doubling in profits for the 2010 year. The Anglo-Dutch firm, which is Britain’s second largest oil company, said profits soared 90% to $18.6 billion (£11.5 billion) compared with $9.8 billion in 2009. The rise was attributed to higher oil prices and rising output. Production levels [...]

February 3, 2011 | 0 Comments More
Inflation to surge after VAT hike

Inflation to surge after VAT hike

Leading business groups have warned that the recent hike in VAT from 17.5% to 20% will drive inflation up to around the 4% mark over the coming months. This would take inflation to double the Government’s target of 2%. Last month, the Office for National Statistics (ONS) revealed Consumer Price Inflation (CPI) rose to an [...]

January 5, 2011 | 0 Comments More
UK economy sees Q3 growth of 0.8%

UK economy sees Q3 growth of 0.8%

The Office for National Statistics (ONS) has today revealed UK economic growth for the third quarter slowed to 0.8%, albeit double the rate analysts had forecast. Today’s figures will reduce the chance of more quantitative easing from the Bank of England in the short-term, according to many. Some have been calling for an injection of [...]

October 26, 2010 | 0 Comments More
Fuel poverty soars amid higher energy prices

Fuel poverty soars amid higher energy prices

Statistics from the Department of Energy and Climate Change have revealed that fuel poverty has more than doubled in the last five years amid rising energy prices. Anyone spending over 10% of their household income on heating their homes are said to be in fuel poverty. The figures show that an increasing amount of people [...]

October 14, 2010 | 0 Comments More
Germany aiming for 3% growth this year

Germany aiming for 3% growth this year

Europe’s largest economy appears to be optimistic after its recent quarterly growth figures, suggesting it is now hoping for 3% growth in 2010. Last week, Germany’s statistics office Destatis, revealed the economy grew by a record 2.2% in the second quarter – the fastest quarterly growth in 20 years. The figures smashed analysts forecasts who [...]

August 15, 2010 | 0 Comments More
HSBC kicks off banking reporting season with doubling of profits

HSBC kicks off banking reporting season with doubling of profits

The UK’s banking reporting season has got off to a flying start today after banking giant HSBC reported profits more than doubled, exceeding analysts expectations. Europe’s largest bank has today announced a pre-tax profit of $11.1 billion (£7 billion) for the six months to the end of June, compared with $5 billion in the same [...]

August 2, 2010 | 0 Comments More
Royal Dutch Shell Q2 profits surge 94%

Royal Dutch Shell Q2 profits surge 94%

Oil giant Royal Dutch Shell has today announced second quarter profits almost doubled after completing its restructuring programme ahead of schedule. Shell posted profits of $4.5 billion (£2.9 billion) - a rise of 94% on the $2.3 billion reported a year ago. The Anglo-Dutch firm, which is Britain’s second largest oil company, has undergone a [...]

July 29, 2010 | 0 Comments More
UK economy sees Q2 growth of 1.1%

UK economy sees Q2 growth of 1.1%

The Office for National Statistics (ONS) has today revealed UK economic growth for the second quarter today surged ahead by 1.1% - almost double the rate analysts had forecast. Meanwhile, economic growth rose by 1.6% on an annualised basis - the highest in two years. The UK is the first G7 country to release its [...]

July 23, 2010 | 0 Comments More
Graduates face uncertain future

Graduates face uncertain future

Proposed cuts to public spending could see Graduate unemployment surge to record levels, according to the Higher Education Careers Service (HECSU). The HECSU said Graduates will be badly affected by the cuts since so many of them are recruited in the public sector. The body said if a fifth of the 39,000 graduates joining the [...]

July 2, 2010 | 0 Comments More
Japanese Government to double credit line for JAL

Japanese Government to double credit line for JAL

Struggling Japan Airlines (JAL) has had its credit line doubled to 200 billion yen (£1.3 billion) after an agreement by the Japanese Government today, according to Kyodo news agency. The extra funding was agreed by Deputy Prime Minister Naoto Kan, Transport Minister Seiji Maehara and other ministers at a meeting this weekend. A statement said: [...]

January 3, 2010 | 0 Comments More