News Tag: record

March 18, 2010

BoE report reveals sharp fall in UK business lending

by Kay Murchie

The latest Bank of England quarterly lending survey has revealed lending to British businesses slumped in January. According to the report, net lending fell by 9.3% during the month - the sharpest decline since records began in 1999. Banks and building societies lent £6.5 billion in January and followed a drop of £3.4 billion in the previous month, the ...

Co-op profits boosted by Somerfield takeover

by Kay Murchie

Britain’s largest mutually-owned retailer, the Co-operative Group, has today posted "record sales and profits" for the 2009 year after its acquisition of Somerfield and its merger with the Britannia building society. The group said underlying operating profits before significant items soared 20% to £473 million over the year, while revenue was £13.7 billion. Meanwhile, the Co-operative group's grocery division, which is ...

March 15, 2010

Passenger numbers in record slump at UK airports

by Kay Murchie

Figures published by the Civil Aviation Authority (CAA) have revealed a severe decline in passenger numbers across UK airports in 2009. According to the CAA, the UK's airports handled 7.4% fewer passengers in 2009 than in 2008 - marking the biggest drop since records began just after World War II. It was also the first time levels have fallen two years ...

January 18, 2010

Retail sales soar in London in December

by Kay Murchie

The British Retail Consortium (BRC) said shops in Central London enjoyed their best December since records began in 2002, with sales up 12% on year. The report came just a week after the BRC reported that Britain experienced an annual 4.2% rise in sales during December. Both sets of figures will boost hopes that the UK economy will have emerged from recession ...

Shares in Japan Airlines fall to fresh low of 5 yen

by Kay Murchie

Shares in troubled Japan Airlines (JAL) plummeted again today to a fresh low of 5 yen as a bankruptcy filing seemed unavoidable. The airline, which is Asia’s largest carrier, is expected to file for bankruptcy protection tomorrow as part of a Government rescue plan. Like many other airlines, it has been struggling amid the global economic downturn ...

January 13, 2010

German economy contracts record 5% in 2009

by Kay Murchie

The Federal Statistics Office has today revealed that the German economy, which is Europe’s largest, contracted by a record 5% in 2009 - the first time in six years the economy had shrunk and the deepest since World War II. The record contraction was due to a slump in demand in exports and investment. In 2009, exports plunged by 14.7% on the ...

January 7, 2010

Sainsbury’s sees record Christmas performance

by Kay Murchie

...

December 30, 2009

Japan Airlines shares hit fresh record low

by Kay Murchie

Shares in troubled Japan Airlines (JAL) plummeted to a fresh low today, losing 24% to 67 yen. The stock plummeted for a second consecutive day amid reports that the carrier is heading towards bankruptcy under a state restructuring plan. The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led to a slump in demand. Many ...

December 29, 2009

Shoppers flood the High Street on Boxing Day

by Kay Murchie

Shoppers were out looking for bargains on Boxing Day after millions flooded the High Street. Shoppers were queuing from 4am at the Bullring shopping centre in Birmingham, while shoppers queued at Lakeside shopping centre in Essex as early as 5am. Retail analysts said around 12 million people hit the High Street on Saturday - with shoppers up by 20% compared to ...

December 21, 2009

Capital Shopping Centres sees bumper Saturday despite snow

by Kay Murchie

Capital Shopping Centres (CSC), which has stakes in 14 regional shopping centres including the Manchester Arndale, Lakeside in Essex and the Gateshead MetroCentre, said despite the snowfall over the weekend, retailers experienced their busiest weekend of the year. Figures show that shoppers braved the weather after figures revealed that over seven million people have visited the group's centres in the ...

December 7, 2009

Iceland’s economy shrinks at record pace

by Kay Murchie

Iceland's economy plummeted at its fastest pace on record in the third quarter, falling by 5.7% compared to the previous quarter. However, on an annual basis the economy contracted by 7.2% - the biggest fall on record. The news comes as many economies throughout the world are now recovering as they emerge from recession. However, Iceland was severely hit by the financial crisis last ...

John Lewis experience bumper week

by Kay Murchie

The John Lewis Partnership, which is seen as a barometer of British retailing, has experienced its biggest ever weekly sales figures despite the recession. In the week to December 5, the chain reported sales of £102.4 million - up 13.8% on the same week a year earlier and nearly £1 million more than the previous record set in 2007. The renowned employee-owned department ...

December 2, 2009

Gold continues to soar on back of weak dollar

by Kay Murchie

The price of gold continues to surge to record highs and has touched $1,201.63 an ounce on the London Bullion Market as the US dollar continues to be a turn off for investors. The rise of the price of gold over recent weeks has been attributed to a weakening US dollar, which typically moves in the opposite direction to ...

November 24, 2009

Lloyds outlines details of record rights issue

by Kay Murchie

Lloyds Banking Group has today embarked on the biggest rights issue on record by asking shareholders to buy 1.34 new Lloyds shares for each one they already own. The rights issue price of 37p is slightly higher than expected but still heavily discounted at 59.5% on Monday’s closing price of 91.47p. According to Lloyds, the average retail shareholder would pay £366.7 ...

November 19, 2009

UK’s public sector borrowing reaches £11.4bn in October

by Kay Murchie

The Office for National Statistics (ONS) has today revealed that the UK's public sector net borrowing rose by a higher than expected £11.4 billion in October. According to the ONS, the figure was the highest for the month of October since it began gathering data 16 years ago, and takes public sector net borrowing for the financial year to date ...

Morrisons sales up as customer numbers grow

by Kay Murchie

Supermarket giant Morrisons has announced that a record number of customers visited its stores in the three months to November. The UK's fourth-largest supermarket said 10.8 million customers visited its stores during the period and the group said its sales "continued to grow well ahead of the market". The group announced that like-for-like sales, excluding fuel and VAT, were up ...

October 27, 2009

Euro zone lending falls for first time on record

by Kay Murchie

According to the European Central Bank (ECB), bank lending to companies within the euro zone declined for the first time ever in September, sparking fears that weak lending could hind a recovery within the economy. The euro zone, which comprises 16 countries, is still officially in recession and the fall in lending comes at a time when European ...

October 8, 2009

US budget deficit to hit record level of $1.4tn

by Kay Murchie

The Congressional Budget Office (CBO) yesterday announced that the US budget deficit could hit a record $1.4 trillion (£877 billion) in the fiscal year to 30 September 2009. The previous record deficit was $459 billion - set last year. The CBO said the forecast federal deficit for the 2009 fiscal year was the highest shortfall since the aftermath ...

September 11, 2009

JD Wetherspoon bucks the trend with record sales

by Kay Murchie

Pub chain JD Wetherspoon has today announced its best ever annual results despite the economic downturn. The group, which has more than 700 pubs across the UK, said takings rose 1.2% in the year to 26 July, with underlying pre-tax profits up 13.6% to £66.2 million. The pub operator also reported sales of £955.1 million during the period - a record ...

July 31, 2009

Just Retirement posts record sales

by David Masters

Financial services provider Just Retirement this week posted record fourth quarter sales of £234.9 million, up 20% on the previous record. Chief executive Mike Fuller said the result for the three months ending 30th June 2009 was "very pleasing". "We have also improved our capital position whilst maintaining our rigorous focus on profitability", Fuller said. "Accordingly, I look forward to this coming financial year with ...


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FM News: Banking News Insurance News Property News Mortgage News Economy News Investment News Credit Card News Debt News Loan News Pension News FM Main: FM Home Finance News Finance forums Finance Blog	News Tag: record March 18, 2010 BoE report reveals sharp fall in UK business lending by Kay Murchie The latest Bank of England quarterly lending survey has revealed lending to British businesses slumped in January. According to the report, net lending fell by 9.3% during the month - the sharpest decline since records began in 1999. Banks and building societies lent £6.5 billion in January and followed a drop of £3.4 billion in the previous month, the ... Co-op profits boosted by Somerfield takeover by Kay Murchie Britain’s largest mutually-owned retailer, the Co-operative Group, has today posted "record sales and profits" for the 2009 year after its acquisition of Somerfield and its merger with the Britannia building society. The group said underlying operating profits before significant items soared 20% to £473 million over the year, while revenue was £13.7 billion. Meanwhile, the Co-operative group's grocery division, which is ... March 15, 2010 Passenger numbers in record slump at UK airports by Kay Murchie Figures published by the Civil Aviation Authority (CAA) have revealed a severe decline in passenger numbers across UK airports in 2009. According to the CAA, the UK's airports handled 7.4% fewer passengers in 2009 than in 2008 - marking the biggest drop since records began just after World War II. It was also the first time levels have fallen two years ... January 18, 2010 Retail sales soar in London in December by Kay Murchie The British Retail Consortium (BRC) said shops in Central London enjoyed their best December since records began in 2002, with sales up 12% on year. The report came just a week after the BRC reported that Britain experienced an annual 4.2% rise in sales during December. Both sets of figures will boost hopes that the UK economy will have emerged from recession ... Shares in Japan Airlines fall to fresh low of 5 yen by Kay Murchie Shares in troubled Japan Airlines (JAL) plummeted again today to a fresh low of 5 yen as a bankruptcy filing seemed unavoidable. The airline, which is Asia’s largest carrier, is expected to file for bankruptcy protection tomorrow as part of a Government rescue plan. Like many other airlines, it has been struggling amid the global economic downturn ... January 13, 2010 German economy contracts record 5% in 2009 by Kay Murchie The Federal Statistics Office has today revealed that the German economy, which is Europe’s largest, contracted by a record 5% in 2009 - the first time in six years the economy had shrunk and the deepest since World War II. The record contraction was due to a slump in demand in exports and investment. In 2009, exports plunged by 14.7% on the ... January 7, 2010 Sainsbury’s sees record Christmas performance by Kay Murchie ... December 30, 2009 Japan Airlines shares hit fresh record low by Kay Murchie Shares in troubled Japan Airlines (JAL) plummeted to a fresh low today, losing 24% to 67 yen. The stock plummeted for a second consecutive day amid reports that the carrier is heading towards bankruptcy under a state restructuring plan. The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led to a slump in demand. Many ... December 29, 2009 Shoppers flood the High Street on Boxing Day by Kay Murchie Shoppers were out looking for bargains on Boxing Day after millions flooded the High Street. Shoppers were queuing from 4am at the Bullring shopping centre in Birmingham, while shoppers queued at Lakeside shopping centre in Essex as early as 5am. Retail analysts said around 12 million people hit the High Street on Saturday - with shoppers up by 20% compared to ... December 21, 2009 Capital Shopping Centres sees bumper Saturday despite snow by Kay Murchie Capital Shopping Centres (CSC), which has stakes in 14 regional shopping centres including the Manchester Arndale, Lakeside in Essex and the Gateshead MetroCentre, said despite the snowfall over the weekend, retailers experienced their busiest weekend of the year. Figures show that shoppers braved the weather after figures revealed that over seven million people have visited the group's centres in the ... December 7, 2009 Iceland’s economy shrinks at record pace by Kay Murchie Iceland's economy plummeted at its fastest pace on record in the third quarter, falling by 5.7% compared to the previous quarter. However, on an annual basis the economy contracted by 7.2% - the biggest fall on record. The news comes as many economies throughout the world are now recovering as they emerge from recession. However, Iceland was severely hit by the financial crisis last ... John Lewis experience bumper week by Kay Murchie The John Lewis Partnership, which is seen as a barometer of British retailing, has experienced its biggest ever weekly sales figures despite the recession. In the week to December 5, the chain reported sales of £102.4 million - up 13.8% on the same week a year earlier and nearly £1 million more than the previous record set in 2007. The renowned employee-owned department ... December 2, 2009 Gold continues to soar on back of weak dollar by Kay Murchie The price of gold continues to surge to record highs and has touched $1,201.63 an ounce on the London Bullion Market as the US dollar continues to be a turn off for investors. The rise of the price of gold over recent weeks has been attributed to a weakening US dollar, which typically moves in the opposite direction to ... November 24, 2009 Lloyds outlines details of record rights issue by Kay Murchie Lloyds Banking Group has today embarked on the biggest rights issue on record by asking shareholders to buy 1.34 new Lloyds shares for each one they already own. The rights issue price of 37p is slightly higher than expected but still heavily discounted at 59.5% on Monday’s closing price of 91.47p. According to Lloyds, the average retail shareholder would pay £366.7 ... November 19, 2009 UK’s public sector borrowing reaches £11.4bn in October by Kay Murchie The Office for National Statistics (ONS) has today revealed that the UK's public sector net borrowing rose by a higher than expected £11.4 billion in October. According to the ONS, the figure was the highest for the month of October since it began gathering data 16 years ago, and takes public sector net borrowing for the financial year to date ... Morrisons sales up as customer numbers grow by Kay Murchie Supermarket giant Morrisons has announced that a record number of customers visited its stores in the three months to November. The UK's fourth-largest supermarket said 10.8 million customers visited its stores during the period and the group said its sales "continued to grow well ahead of the market". The group announced that like-for-like sales, excluding fuel and VAT, were up ... October 27, 2009 Euro zone lending falls for first time on record by Kay Murchie According to the European Central Bank (ECB), bank lending to companies within the euro zone declined for the first time ever in September, sparking fears that weak lending could hind a recovery within the economy. The euro zone, which comprises 16 countries, is still officially in recession and the fall in lending comes at a time when European ... October 8, 2009 US budget deficit to hit record level of $1.4tn by Kay Murchie The Congressional Budget Office (CBO) yesterday announced that the US budget deficit could hit a record $1.4 trillion (£877 billion) in the fiscal year to 30 September 2009. The previous record deficit was $459 billion - set last year. The CBO said the forecast federal deficit for the 2009 fiscal year was the highest shortfall since the aftermath ... September 11, 2009 JD Wetherspoon bucks the trend with record sales by Kay Murchie Pub chain JD Wetherspoon has today announced its best ever annual results despite the economic downturn. The group, which has more than 700 pubs across the UK, said takings rose 1.2% in the year to 26 July, with underlying pre-tax profits up 13.6% to £66.2 million. The pub operator also reported sales of £955.1 million during the period - a record ... July 31, 2009 Just Retirement posts record sales by David Masters Financial services provider Just Retirement this week posted record fourth quarter sales of £234.9 million, up 20% on the previous record. Chief executive Mike Fuller said the result for the three months ending 30th June 2009 was "very pleasing". "We have also improved our capital position whilst maintaining our rigorous focus on profitability", Fuller said. "Accordingly, I look forward to this coming financial year with ... Next Page »	Latest News: Lloyds Banking Group up on profits predicition Lloyds Banking Group eyes profit in 2010 Student Loans Company provided “unacceptable” service, say NAO Euro falls as Greece warns it could seek IMF help Barclaycard to close office in Glasgow with loss of 350 jobs BoE report reveals sharp fall in UK business lending Royal Bank of Scotland leads banks lower on sector downgrade US consumer prices unchanged in February Hundreds more jobs set to go at the Land Registry Gross mortgage lending up 6% in February Most Read News Today: Base rate rise threatened as inflation gathers pace Consumers in China push fast food expansion Mortgage options shrink for "unconventional" borrowers US economy growth figures revised upwards UK inflation rate falls in September to 1.1% Buy-to-let lenders wary of fraud VAT cut working as retail sales rise German unemployment rate up to 8.2% House builder Persimmon sold out for 2009 Tesco opens UK’s first self-service store Most Read News To Date: US dollar weaker on soft data 10 Ways Recession Can Help the Environment Britannia Building Society exposed to credit crunch Futures Trading: A few examples Banking Crisis: Which are the Safest UK Banks? HSBC Premier Banking - not the best service around BBC: Stock market crash in Autumn HBOS rights issue looks uncertain Tracker rates fail to reflect base rate cuts Record sum spent on credit and debit cards last year
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