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Tuesday 15th of February 2011

News Tag: weather

February 10, 2011

NIESR: UK economy recovered in January

by Kay Murchie
”NIESR:
Influential think tank, the National Institute of Economic and Social Research (NIESR), has today suggested the UK economy recovered in January after adverse weather conditions led to a shock contraction in the final quarter of last year. Last month, the Office for National Statistics (ONS) revealed the UK economy contracted by 0.5% in the October to December period. The figures shocked economists who ...



UK manufacturing output sees fall in December

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed UK manufacturing output fell in December - due to the severe wintry weather during the month. However, the coldest December for a century resulted in a sharp rise in energy production leading to an overall rise in output. According to the ONS, manufacturing output fell 0.1% in December after November’s 0.6% gain. Analysts had ...



February 9, 2011

UK trade deficit hits record high in December

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed the UK’s trade deficit hit a record high in December - fuelled by a sharp rise in imports of aircraft. According to the ONS, the goods trade gap widened to £9.247 billion in December from a revised £8.460 billion the previous month. The December figure represented the biggest deficit since monthly ...



February 3, 2011

Euro zone retail sales fall in December

by Kay Murchie
Euro zone retail sales fall in December
The European Union's statistics office Eurostat has today revealed retail sales fell unexpectedly in the euro zone last month. It represented the second consecutive monthly decline and followed November’s fall of 0.3%. According to Eurostat, sales fell 0.6% in December on the month, while on an annual basis, sales were down 0.9%. The figures surprised analysts who had expected a rise but food ...



January 21, 2011

Online retail sales surge to monthly record in December

by Kay Murchie
”Online
The severe wintry weather that gripped most parts of the country last month meant a surge in internet sales. While the High Street suffered as consumers opted to stay at home, internet sales surged 25% in December (compared with December 2009) to £6.8 billion, with the sale of clothing, footwear and alcohol particularly strong. The research, from IMRG Capgemini e-Retail ...



January 13, 2011

Tesco blames big freeze for poor Christmas sales

by Kay Murchie
”Tesco
Supermarket giant Tesco today announced like-for-like sales, excluding petrol, grew by just 0.6% in the six week period to 8 January compared with a year earlier. The figures were worse than expected for the Christmas period and the company blamed the heavy snowfall which gripped most of the country during the build up to the festive period. The figures come shortly ...



December 20, 2010

Bonus meeting delayed by bad weather

by Kay Murchie
”Bonus
A meeting between Business Secretary Vince Cable, Chancellor George Osborne and the bosses of the UK’s top five banks has been delayed after Mr Osborne is stranded in the US due to bad weather. The meeting, scheduled for this afternoon to discuss the controversial issue of bonuses, had to be cancelled due to transport problems. No new date has been agreed, although ...



December 16, 2010

Big freeze could bring trouble for retailers

by Kay Murchie
”Big
Christmas shopping could be hit with the expected return of heavy snowfall over the next few days, according to a report today. A survey by market research company, GfK NOP, found that almost one third of Christmas shopping in Britain is done in the two weeks prior to Christmas. Should the bad weather return, retailers could be in for a worrying time ...



July 27, 2010

CBI survey reveals optimism among retailers

by Kay Murchie
’CBI
A survey by the Confederation of British Industry (CBI) today revealed shoppers hit the High Street in July, with sales increasing at the fastest pace in more than three years. According to the CBI’s monthly distributive trades survey, supermarkets, clothes and shoe shops received the most business as sales grew at the fastest rate since April 2007, boosted by the World Cup, ...



April 15, 2010

Scottish economy stutters in first quarter

by Kay Murchie
”Scottish
The Scottish Chambers of Commerce (SCC) has today reported that the Scottish economy suffered in the early part of the year due to severe wintry weather, which hit both confidence and activity. The report, which reviewed the first three months of 2010, was carried out by the SCC in conjunction with Strathclyde University’s Fraser of Allander Institute. The report found that retail sales ...



March 25, 2010

Highland Airways enters administration

by Kay Murchie
”Highland
Scottish airline, Highland Airways, has gone into voluntary administration putting 100 jobs at risk. The company, which is based in Inverness and also has routes to Wales, called in administrators last night, PricewaterhouseCoopers (PwC), to take over the running of the business. The Civil Aviation Authority (CAA) said operations had been suspended "with immediate effect". The airline, which was established in 1991 as Air Alba, ...



March 16, 2010

Report reveals impact cold weather had on SMEs

by Kay Murchie
”Report
A study by Lloyds TSB Commercial has revealed the impact the big freeze had on the UK's small and medium-sized companies (SMEs) earlier this year. According to the research, the coldest winter in decades cost SMEs more than £7 billion. Seven out of ten small firms were severely affected with snow and ice hitting deliveries and resulting in the firms to ...



March 15, 2010

US industrial output edges up in February

by Kay Murchie
”US
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 ...



March 14, 2010

US retail sales surprise in February

by Kay Murchie
US retail sales surprise in February
US retail sales grew unexpectedly in February by 0.3% after economists had predicted a fall of 0.2% due to bad weather, which gripped most of the country during part of the month. According to the Commerce Department, the rise is the biggest since November, driven by hopes that economic recovery is gaining momentum. The news resulted in a rise in US stocks but ...



March 11, 2010

Treacherous weather conditions cost insurers £650m

by Kay Murchie
Treacherous weather conditions cost insurers £650m
The Association of British Insurers (ABI) today reported the heavy snowfall earlier in the year cost insurers £650 million in weather-related claims. Between December 18 and January 13, when snow and plummeting temperatures swept the country, there were around 335,000 claims, said the ABI. The majority of the claims came from motorists as a result of the treacherous conditions on Britain’s roads. January ...



March 10, 2010

UK factory output in surprise January fall

by Kay Murchie
”UK
The Office for National Statistics (ONS) today revealed UK industrial output unexpectedly fell in January - primarily due to the cold weather during the month. According to the ONS, output fell by 0.4% in January compared with the previous month and represented the largest monthly fall since August. Analysts had expected a 0.3% rise. However, on an annual basis, output was up ...



March 5, 2010

US home sales in surprise fall in January

by Kay Murchie
US home sales in surprise fall in January
The National Association of Realtors (NAR) has revealed a fall in sales of previously owned homes in the US for the month of January, suggesting the extension of the $8,000 tax credit for first-time buyers is having little appeal. The industry body said sales agreements fell 7.6% in January compared with December and the index that tracks sales agreements ...



February 24, 2010

US new home sales in third consecutive monthly fall

by Kay Murchie
US new home sales in third consecutive monthly fall
The Commerce Department has today revealed a fall in sales of new homes in the US for the month of January - the third consecutive month that sales have fallen. According to the Commerce Department, new single-family home sales dived by 11.2% to a seasonally adjusted annual rate of 306,000 units - the lowest since records commenced in 1963. The ...



February 19, 2010

UK retail sales slip due to January snowfall

by Kay Murchie
’UK
As expected, the snowy and icy conditions experienced in the UK in January has resulted in a fall in retail sales. The severe wintry weather drove shoppers away from the High Street and resulted in a 1.8% fall in retail sales - the sharpest drop in 18 months. The official figures, from the Office for National Statistics, were more than ...



January 27, 2010

CBI reports sharp fall in January retail sales

by Kay Murchie
’CBI
The CBI has today reported a sharp fall in retail sales for the month of January due, in part, to the severe wintry weather and the rise in VAT which has hit consumer demand. According to the lobby group's monthly survey (between January 4 and 15), more than a quarter (28%) of retailers said sales had risen in the ...



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