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Friday 28th of January 2011

News Tag: business

January 21, 2011

German business confidence at all time high

by Kay Murchie
”German
The Munich-based Ifo think tank today announced confidence among German firms rose in January to another record high. The closely-watched Business Climate Index rose to 110.3 in January, up from 109.8 in December - the eight consecutive monthly increase. It also represented the second straight record high since the country's reunification in 1990 and slightly beat expectations of a reading of ...



December 17, 2010

German business confidence at all time high

by Kay Murchie
”German
The Munich-based Ifo think tank today announced confidence among German firms rose in December to a record high. The Business Climate Index rose to 109.9 in December, up from 109.3 the previous month. Not only did the reading exceed expectations of 109.4, it represented the seventh consecutive increase. The closely-watched expectations index also rose to a record level - edging up to ...



July 29, 2010

Euro zone economic sentiment surges in July

by Kay Murchie
Euro zone economic sentiment surges in July
The euro zone received a boost today after a report revealed business and consumer confidence surged to its highest level since March 2008. Confidence in the 16-member nation rose to 101.3 in July, up from a revised 99 in June, according to the European Commission’s economic sentiment index. However, the Commission highlighted that the rise was led by Germany, which experienced a ...



July 23, 2010

German business confidence sees record rise

by Kay Murchie
German business confidence sees record rise
The Munich-based Ifo think tank today announced confidence among German firms has returned. The Business Climate Index jumped to 106.2 points in July from 101.8 the previous month - the strongest rise for 20 years. The reading also exceeded expectations of a fall to 101.5 points. Germany, which is Europe’s largest economy, contracted by a record 5% in 2009 – the first ...



June 14, 2010

Survey reveals record fall in UK business confidence

by Kay Murchie
”Survey
A survey among UK companies has found that confidence has plunged to a level not seen since 1995, as a result of the Government’s tough spending cuts. BDO’s Business Trends index, which covers 11,000 companies from a range of industries, slumped to 97 in May from 103.3 in April - the largest fall since the survey commenced. The survey, which is ...



April 1, 2010

BoJ Tankan survey reveals sentiment up in Japan

by Kay Murchie
BoJ Tankan survey reveals sentiment up in Japan
The Bank of Japan’s closely watched quarterly Tankan survey has revealed an improvement in business confidence in Japan. The Tankan index revealed business confidence among major manufacturers had picked up for the fourth consecutive quarter, rising to -14 in March from -25 in December and significantly higher than the record low of -58 seen this time last year. In the ...



February 23, 2010

German business confidence hit by cold weather

by Kay Murchie
German business confidence hit by cold weather
The Munich-based Ifo think tank today announced confidence among German firms has unexpectedly fallen for the first time in 10 months. The Business Climate Index fell from 95.8 in January to 95.2 in February - analysts had expected a rise. The euro dipped after the news but according to Hans-Werner Sinn, the Ifo's president, business sentiment will rise again as the weather ...



August 26, 2009

Survey shows rise in German business confidence in August

by Kay Murchie
Survey shows rise in German business confidence in August
The Ifo think tank has today announced that confidence among German firms has grown for the fifth consecutive month and has risen to its highest level since September 2008. The business climate index from the Ifo Institute increased to 90.5 in August from a revised 87.4 the previous month. The rise in morale comes just a week after it ...



August 20, 2009

Final salary pension schemes face extinction

by David Masters
Final salary pension schemes face extinction
Final salary pension schemes may not have breathed their last breath, but they are certainly on the throes of extinction, an industry expert has claimed. Dr Ros Altmann, a former academic and independent expert on pensions policy and retirement, said when final salary pensions were first conceived, it was assumed they would be funded through equity returns. These assumptions were fuelled by "exceptional" ...



July 17, 2009

Glimmers of confidence for British business

by David Masters
”Glimmers
Inklings of confidence are returning to British business, with many firms expecting an increase in sales by the end of the year. The survey of 2,500 UK firms by Lloyds TSB Commercial found 31% of businesses expect an upturn in sales before the end of 2009. Three in ten (30%), however, are braced for a sales decline. Some 15% of companies predicted an increase ...



July 1, 2009

BoJ Tankan survey reveals sentiment up in Japan

by Kay Murchie
”BoJ
The Bank of Japan's closely watched quarterly Tankan survey has revealed an improvement in business confidence in Japan Today’s figures will add to the belief that the worst is over for the world’s second largest economy. Earlier this week, the Ministry of Economy, Trade and Industry announced that industrial production was up 5.9% in May from a month earlier. Meanwhile, the ...



June 19, 2009

Sharp increase in house purchase activity

by Gill Montia
”Sharp
John Charcol claims there has been a "sharp increase" in house purchase activity so far this year year. The broker says that in May, mortgage applications for house purchases were higher than for remortgaging for the first time since 2007. The firm's Monthly Mortgage Index shows that business connected to house purchases hit 53.4% last month, compared to an average 25% during 2008. Furthermore, ...



May 25, 2009

Survey reveals renewed optimism among businesses

by Kay Murchie
”Survey
A survey by the Institute of Chartered Accountants has revealed confidence among businesses has rose to -28.2 at the end of March, from -45.3 at the end of the previous quarter. The rise represents the first since the third quarter of 2007, but is still far away from the 4.8 mark measured at the time. According to the Institute's head, Michael Izza, ...



April 1, 2009

Japan’s economy hit by more bad news as business sentiment at record low

by Kay Murchie
”Japan’s
The latest Bank of Japan's quarterly Tankan survey has revealed that business confidence among major manufacturers in Japan has hit the lowest level ever. The survey of 10,000 companies, which is seen as a key indicator of the health of the country's economy, revealed that confidence has plummeted to a 35-year low. The world’s second ...



February 16, 2009

Business tax scheme gives £1bn boost to economy

by David Masters
Business tax scheme gives £1bn boost to economy
A government scheme designed to reduce the tax burden on British businesses has proved a success, helping over 60,000 firms deal with cash-flow problems. The Business Payment Support Service (BPSS), announced last November in the Chancellor's Pre-Budget Report, provides a fast-track service for businesses who need more time to pay their tax bills. These businesses can agree terms with HM Revenue ...



January 15, 2009

Got a business idea? Act now

by David Masters
Got a business idea? Act now
Twenty nine is the best age for setting up a new business, a recent survey has revealed. Abbey Business Banking asked owners of small and medium sized businesses (SMEs) what they consider the ideal age to go it alone. Twenty nine was the average age given by respondents, although almost a quarter (24%) said 25 is the best age for starting a business. Abbey ...



August 7, 2008

Accountants most trusted source for business advice

by Kay Murchie
”Accountants
The latest Pulse survey from Sage (UK) Ltd has revealed that accountants continue to be the most trusted source for business advice with 35% agreeing that accountants are the first port of call for advice. Last year‘s survey also revealed that independent business leaders ranked accountants as the most valuable counsel. The survey was commissioned to unveil the current attitudes and perceptions ...