Tag: worst

High Street posts worst sales for two years

High Street posts worst sales for two years

Accountancy firm BDO has warned Britain’s retailers should prepare themselves for some tough times as pressure builds on consumers in the run-up to Christmas. According to the firm’s High Street Sales Tracker, sales figures for August fell 2.2% among mid-market retailers, attributed to the riots and cooler weather during the month. The riots, in particular, [...]

Research reveals 2010 has been harsh year for many Britons

Research reveals 2010 has been harsh year for many Britons

According to research from helpline charity, the Samaritans, 30% of people said 2010 had been one of the worst years ever – up from 24% who felt the same way about 2009. The annual survey of the nation’s happiness revealed the most common worries over the last 12 months were money, relationships, job security, domestic [...]

Worst is yet to come for insolvencies

Worst is yet to come for insolvencies

Recovery and restructuring company, Begbies Traynor, is forecasting a difficult time for businesses next year. Its report titled ‘Red Flag Alert’ is a monitor of early warning signs of company distress and its latest report reveals that during the July to September 2009 period, 134,000 businesses still showed “material signs of distress” with the engineering [...]

Japan’s economy in worst performance since records began

Japan’s economy in worst performance since records began

Green shoots of recovery leads OECD to believe worst of recession over

Green shoots of recovery leads OECD to believe worst of recession over

According to the Organisation for Economic Cooperation and Development (OECD), the worst of the recession may be over for Britain. The OECD has gathered its evidence by measuring a range of statistics, including trends in stock markets and business surveys. The influential think tank said while output is still shrinking, there have been some green [...]

CBI says recession has hit rock bottom

CBI says recession has hit rock bottom

The CBI said today that the worst of the recession is over since it took a deeper grasp than expected in the first quarter of 2009. However, the expectation is that the economy will slow more gently in the second part of the year. The group was keen to stress that despite the worst being [...]

Japan’s economy in worst performance since 1974

Japan’s economy in worst performance since 1974

The world’s second largest economy has suffered its worst ever decline in 35 years the Cabinet Office said in Tokyo today. In the period October to December, Gross Domestic Product (GDP) fell 3.3% – the third consecutive quarter in which GDP declined. In comparison, the euro zone suffered a 1.5% decline while the US, which [...]

World stock markets suffer worst ever year

World stock markets suffer worst ever year

With the global financial crisis and countries entering recession, it’s no wonder world stock markets have suffered their worst year on record. In London, the FTSE closed yesterday at 4,434 points, at the same point in 2007, it closed at 6,457. The annual decline was the worst since the FTSE was established in 1984. In [...]