News Tag: rise
March 18, 2010
The Council of Mortgage Lenders (CML) is expecting "further modest volatility" in the UK housing market in the coming months.
The comment came as the body revealed a 6% rise in gross mortgage lending in February (to £9.2 billion) compared with January.
Given that the end of the stamp duty holiday distorted lending figures considerably in both December and January, the CML ...
Gross mortgage lending up 6% in February
by Gill Montia
UK car production jumps in February
by Kay Murchie
March 17, 2010
In order to tackle the UK’s deficit, tax hikes could well be on the agenda, according to reports today.
Last week, Chief Secretary to the Treasury Liam Byrne suggested that no new tax rises will be required in order to cut the UK’s ballooning deficit.
However, in a dramatic u-turn, asked by the BBC yesterday if he was ...
Labour admits taxes could go up in order to cut deficit
by Kay Murchie
March 16, 2010
New research from Moneyfacts.co.uk claims there has been a 70% rise in the number of mortgage products available in just under a year.
According to the financial website, borrowers now have 2,053 deals to choose from, compared with 1,209 in April 2009, when the figure bottomed out.
Furthermore, a significant boost has occurred since the beginning of January, with the number ...
Mortgage deals up 70% in under a year
by Gill Montia
March 15, 2010
Figures published by the Federal Reserve today revealed a marginal rise in US industrial production in February.
According to the US central bank, industrial output rose by just 0.1% in the month and followed a 0.9% increase in January.
However, the small rise was better than the zero percent that analysts had forecast after severe snowstorms swept most of the country during ...
US industrial output edges up in February
by Kay Murchie
March 14, 2010
Industrial production in the euro zone exceeded expectations in January, posting growth of 1.7%, which represented the biggest monthly increase since records began in January 1990.
The increase boosted hopes that the 16-member bloc’s economic recovery is gathering pace.
It was recently revealed the euro zone economy grew by just 0.1% in the fourth quarter of 2009 but many ...
Euro zone industrial production in record growth in Jan
by Kay Murchie
US retail sales surprise in February
by Kay Murchie
March 11, 2010
John Lewis Partnership, the renowned employee-owned department store, has revealed its staff will share a bonus pot of £151 million.
The announcement came after the 146-year-old group said annual pre-tax profits grew 9.7% to £306.6 million.
According to John Lewis chairman, Charlie Mayfield, the company's 70,000 staff - or partners, as John Lewis refers to them - will receive payouts equal ...
John Lewis staff share £151m bonus pot
by Kay Murchie
Chinese inflation rises for fourth consecutive month
by Kay Murchie
March 7, 2010
The Federal Reserve has announced borrowing by American consumers grew for the first time in a year in January.
According to the central bank, consumer credit rose 2.4% or $5 billion (£3.3 billion) compared with the previous month to a total of $2.45 trillion.
It was the first increase after a record 11 months of declines and represented ...
US consumer borrowing rises for first time in a year
by Kay Murchie
March 5, 2010
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced sales grew 14.8% to £50.4 million in the week to 27 February compared with the same period a year ago.
The figures at the renowned employee-owned department store suggest consumer spending recovered in February since it was the seventh consecutive double-digit percentage rise.
Howard Archer, ...
John Lewis posts further double-digit rise, Waitrose eyes growth
by Kay Murchie
March 4, 2010
The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales were up by 26.4% in February compared with the same month in 2009, boosted by the Government’s scrappage scheme.
The £400 million initiative, which was launched last May to boost the ailing car industry, pays drivers of cars at least 10 years old £2,000 off the price of ...
Car sales up 26.4% in February
by Kay Murchie
House sales soar in February
by Gill Montia
March 3, 2010
Ford Motor company overtook its rivals last month by announcing sales surged 43% - outperforming its major rival, General Motors (GM).
It also accelerated past Toyota, which has been suffering amid major recalls. Toyota has now recalled over 8 million cars over concerns about accelerator pedals and brake systems.
Ford said US sales rose 43% to 142,285 vehicles, while GM sold 141,951 ...
Ford monthly sales soar 43%
by Kay Murchie
Standard Chartered profits surge 13%
by Kay Murchie
UK consumer confidence up in February
by Kay Murchie
March 2, 2010
The Rics European Housing Review 2010 has revealed a mixed bag for European house prices.
The Royal Institution of Chartered Surveyors (Rics) found that only five countries reported growth in house prices - with the UK being one of them - rising by 1% in 2009.
Norway led the way with a 12% gain during 2009, while Finland, Sweden and ...
Handful of countries see house price growth in 2009
by Kay Murchie
Buffett confident of US housing market recovery
by Kay Murchie
March 1, 2010
According to the Commerce Department, US consumer spending rose faster than expected in January by 0.5% - the fourth consecutive monthly rise.
The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was better than expectations of 0.4%.
Meanwhile, the data said personal incomes crept up 0.1% - after a rise of 0.3% ...
US consumer spending up 0.5% in January
by Kay Murchie
Strong UK manufacturing growth boosts recovery hopes
by Kay Murchie
