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Friday 11th of June 2010

News Tag: tough

June 8, 2010

Spanish public sector workers in strike amid spending cuts

by Kay Murchie
Spanish public sector workers in strike amid spending cuts
Spanish public sector workers will go on strike today to protest against austerity measures, which include average cuts this year to public workers' salaries of 5%. As well as a 5% cut for civil servants, there will be severe cuts in public investment and development aid. Today’s strikes, which have been set up by Spain's biggest trade unions (the ...



June 6, 2010

Germany plans tough spending cuts

by Kay Murchie
Germany plans tough spending cuts
Germany has announced this weekend that it plans to bring its deficit down to meet EU rules. Chancellor Angela Merkel is heading up a two-day cabinet meeting to devise a savings plan for the country's budget, which is expected to see tough measures including road tolls, tax hikes and cuts to welfare. The country’s public deficit currently stands at 3.3% of GDP and ...



January 18, 2010

Retail sales soar in London in December

by Kay Murchie
”Retail
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 ...



January 12, 2010

BRC: December retail sales in sharp rise

by Kay Murchie
”BRC:
The British Retail Consortium (BRC) has today announced that the High Street experienced the strongest December for eight years, boosting hopes that the UK economy will have emerged from recession in the fourth quarter. According to the BRC, like-for-like sales grew 4.2% by value during December as last-minute Christmas shoppers boosted sales. However, the BRC did highlight that the figures compare with ...



January 10, 2010

BRC warns of tough year for retailers

by Kay Murchie
”BRC
Major retailers have experienced a bumper festive season but the British Retail Consortium (BRC) is warning the High Street not to be bullish as a "very tough" 12 months is in store. Last week, British retailing giant, Marks and Spencer, reported its first sales growth in over two years. The 125-year-old retailer which sells clothes, food and homewares, said like-for-like sales grew ...



January 6, 2010

M&S sales growth slightly below expectations

by Kay Murchie
”M&S
British retailing giant, Marks and Spencer (M&S;), has today reported its first sales growth in over two years. The 125-year-old retailer which sells clothes, food and homewares, said like-for-like sales grew 0.8% in the three months to 26 December compared with the same period a year earlier. However, the increase was below market expectations of a 2% rise. M&S; has been suffering ...



November 12, 2009

Strong performance at Asda boosts Wal-Mart

by Kay Murchie
Strong performance at Asda boosts Wal-Mart
The world's biggest supermarket, Wal-Mart Stores Inc, has described the current sales environment as “difficult”. The retailing giant said sales were down 0.4% in the three months to 31 October at stores open for more than 12 months. US consumers continue to rein in their spending as the economy continues to see a rise in unemployment, despite the US emerging from recession in ...



September 27, 2009

G20 nations agree to ‘tough new regulations’

by Kay Murchie
”G20
At last week’s G20 summit, the world's leading nations agreed to "tough new regulations". Following the summit, which took place in Pittsburgh on Thursday and Friday, US President Barack Obama announced that in order to prevent another financial crisis: "We have agreed tough new financial regulations to ensure that the reckless few can no longer be allowed to put the global ...



September 10, 2009

CFS announces results following Britannia merger

by Kay Murchie
”CFS
The Co-operative Financial Services (CFS), which recently completed its merger with Britannia Building Society, has reported its interim results for the 28 weeks to 25 July 2009. CFS, which is part of The Co-operative Group, is the UK’s biggest mutual retailer with more than 4 million members, over £14 billion turnover and has over 5,000 retail trading outlets. The banking business recorded a ...