Tag: Quarterly

BCC survey reveals fragile economic recovery

BCC survey reveals fragile economic recovery

A quarterly survey by the British Chambers of Commerce (BCC) revealed that the UK economy was “fragile”. The BCC’s survey for the three months to the end of June showed a slow recovery and estimates that the economy grew by 0.3% in the period – slower than the 0.5% growth in the first quarter. Commenting [...]

July 11, 2011 | 0 Comments More
New Financial Policy Committee holds first quarterly meeting

New Financial Policy Committee holds first quarterly meeting

The Bank of England’s new Financial Policy Committee (FPC) is set to hold its first quarterly meeting today. The FPC, which was first unveiled by Chancellor George Osborne a year ago, has been established to regulate financial services and markets. The idea behind the FPC follows the Government’s criticism of the Financial Services Authority (FSA) [...]

June 16, 2011 | 0 Comments More
Survey reveals financial services sector grew in Q1

Survey reveals financial services sector grew in Q1

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that business volumes grew in the three months to the end of March. The financial services sector, which represents around 8% of GDP, has been badly affected by the credit crunch and debt crises [...]

April 4, 2011 | 0 Comments More
UK Q2 economic growth figures remain unchanged

UK Q2 economic growth figures remain unchanged

The Office for National Statistics (ONS) has today revealed the UK economy grew by 1.2% in the April to June period – unrevised from its second estimate last month. While the reading was expected to remain the same - it represented the fastest pace in nine years and took the annual rate of growth to [...]

September 28, 2010 | 0 Comments More
Survey reveals financial services sector is growing

Survey reveals financial services sector is growing

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that the industry is growing, albeit at a slower pace than expected. According to the survey, activity in the sector in the last three months has grown at its fastest rate since September 2007, [...]

June 28, 2010 | 0 Comments More
Like-for-like sales grow 1.1% at Sainsbury’s

Like-for-like sales grow 1.1% at Sainsbury’s

June 16, 2010 | 0 Comments More
Bank of England unveils Quarterly Inflation Report

Bank of England unveils Quarterly Inflation Report

In its latest Inflation Report, the Bank of England is predicting that inflation would remain above the 2% target for the remainder of 2010. Last month, it was revealed the UK’s rate of inflation rose to 3.4% in March, up from 3% in February. The CPI inflation rate is a benchmark for the Bank of [...]

May 12, 2010 | 0 Comments More
CBI survey reveals conditions are improving

CBI survey reveals conditions are improving

A quarterly survey by the Confederation of British Industry (CBI) has revealed a pick up in export growth due to a weak pound. Small and medium sized businesses in the UK noted that conditions were improving in demand and production of goods. The CBI said more than one third of 402 manufacturing firms reported an [...]

May 4, 2010 | 0 Comments More
BoJ Tankan survey reveals sentiment up in Japan

BoJ Tankan survey reveals sentiment up in Japan

The Bank of Japan’s closely watched quarterly Tankan survey has revealed an improvement in business confidence in Japan. The Tankan index revealed business confidence among major manufacturers had picked up for the fourth consecutive quarter, rising to -14 in March from -25 in December and significantly higher than the record low of -58 seen this [...]

April 1, 2010 | 0 Comments More
Apple profits surge 50% due to high demand

Apple profits surge 50% due to high demand

Apple has benefited from the continued popularity of iPhones and posted a net profit of $3.4 billion (£2.08 billion) in the three months to 26 December - a 50% rise compared with a year earlier. The California-based technology giant, which has bucked the trend in the economic downturn, impressed analysts after sales grew 32% in [...]

January 26, 2010 | 0 Comments More
Dell announces 54% fall in quarterly profit

Dell announces 54% fall in quarterly profit

US computer giant Dell today posted a 54% fall in quarterly profit. Net profit at the company was $337 million (£202 million) in the three months to October, compared with $727 million in the same period a year earlier. The news sent shares in the company down 6% as the company continues to lose market [...]

November 20, 2009 | 0 Comments More
Electronic Arts to slash 17% of workforce amid quarterly losses

Electronic Arts to slash 17% of workforce amid quarterly losses

US video game maker Electronic Arts (EA) is to embark on a further cost-cutting exercise as the market for videogames remains weak. The company, famous for its Rock Band and Madden videogame franchises, is to eliminate 1,500 jobs by the end of March (around 17% of its workforce) and the job losses are in addition [...]

November 10, 2009 | 0 Comments More
BCC cast doubt over Q3 recession exit

BCC cast doubt over Q3 recession exit

The British Chambers of Commerce (BCC) has cast doubt over the UK’s exit from recession in the third quarter. Many reports are suggesting that the UK will emerge from recession in the July to September, however the leading business group said while business confidence has strengthened, the economy was still “frail”. Recently, there has been [...]

October 13, 2009 | 0 Comments More
Google announces rise in quarterly profit

Google announces rise in quarterly profit

US internet search company Google has exceeded market expectations by reporting strong second quarterly results, despite the economic turmoil. The company reported profit of $1.4 billion (£851 million) compared with $1.25 billion in the same quarter a year ago. Meanwhile, revenue rose 3% for the period at $5.52 billion with 53% from outside the US. [...]

July 17, 2009 | 0 Comments More
CBI survey suggests financial sector picking up

CBI survey suggests financial sector picking up

A quarterly survey from the CBI suggests that the UK’s beleaguered financial services sector is on a “gradual” road to recovery. While the organisation warned of considerable job losses and cuts to investment, there are indications that the sector is emerging from the worst of the downturn. The CBI also cautioned that the situation remains [...]

June 29, 2009 | 0 Comments More
Sainsbury’s report strong quarterly sales and confirms expansion plans

Sainsbury’s report strong quarterly sales and confirms expansion plans

Supermarket giant Sainsbury’s has reported that like-for-like sales were up 7.8% for the 12 week period to 13 June. The news comes just a day after fellow supermarket Tesco posted a 4.3% rise in quarterly sales and said it had made a “solid” start to its financial year. Meanwhile, Sainsbury’s, which is Britain’s third-largest supermarket, [...]

June 17, 2009 | 0 Comments More
Japan’s economy in worst performance since records began

Japan’s economy in worst performance since records began

May 20, 2009 | 0 Comments More
UK in for slow recovery warns BoE

UK in for slow recovery warns BoE

In its quarterly Inflation Report, the Bank of England said economic recovery in the UK is likely to be slow. However, the Bank said the rate of decline in Gross Domestic Product (GDP) will slow this year. The Bank expects GDP to fall at an annual rate of 4.5% at the start of the April [...]

May 13, 2009 | 0 Comments More
Google sales finally feel impact of economy

Google sales finally feel impact of economy

The fall in advertising revenue has resulted in the first drop in quarterly sales for the first time since its incorporating as a public listed company. The recession has had an impact on slower profits and sales, as users of the search engine are not clicking on ads as often. As a result, sales in [...]

April 19, 2009 | 0 Comments More
UK retail sales fall as consumers continue to rein in spending

UK retail sales fall as consumers continue to rein in spending

According to the Office for National Statistics (ONS), UK retail sales continue to fall as consumers continue to cut back on spending amid the recession. The official figures show that retail sales were far worse than expected by analysts after annual growth slowed to 0.4% in February, which represents the smallest increase for over 13 [...]

March 26, 2009 | 0 Comments More