Tag: exceed

ONS: UK retail sales recover in January

ONS: UK retail sales recover in January

February 18, 2011 | 0 Comments More
Barclays annual profits beat expectations

Barclays annual profits beat expectations

British banking giant Barclays has today kicked off the reporting season by announcing better profits than analysts had forecast. The bank posted pre-tax profits of £6.07 billion for the 2010 year - a rise of 32% compared with £4.59 billion in the previous year. Meanwhile, the bank said it lent over £43 billion to UK [...]

February 15, 2011 | 0 Comments More
ECB holds rates despite higher inflation

ECB holds rates despite higher inflation

The European Central Bank (ECB) today elected to keep interest rates on hold at the record low of 1% for the 20th consecutive month. The move came despite inflation exceeding the Bank’s target. Earlier this week, the European Union’s statistics office Eurostat revealed inflation in the euro zone rose more than expected in January. Inflation [...]

February 3, 2011 | 0 Comments More
Brazil lifts interest rates to curb inflation

Brazil lifts interest rates to curb inflation

Brazil, which is one of the world’s fastest growing economies, has admitted that inflation is spiralling out of control. As a result, the central bank has lifted its key interest rate half a percentage point to 11.25% in a bid to tame inflation, which at 5.91% exceeds the Government’s target of 4.5%. The interest rate, [...]

January 20, 2011 | 0 Comments More
Chinese economic growth continues to surge

Chinese economic growth continues to surge

China, which is the world’s second largest economy, experienced growth of 10.3% in 2010 - much higher than expected, according to the National Bureau of Statistics. While the growth is staggering, it has again raised fears of the economy overheating, which is adding to inflation pressures. In addition, fourth quarter growth was better than expected, [...]

January 20, 2011 | 0 Comments More
JPMorgan reports 47% rise in earnings

JPMorgan reports 47% rise in earnings

The reporting season for US banks has got off to a flying start after JPMorgan announced income surged 47% in the fourth quarter. Fourth-quarter profit increased to $4.8 billion, or $1.12 a share, from $3.3 billion, or 74 cents a share, compared with the year ago period. Analysts expected $1 a share. Meanwhile, revenue grew [...]

January 16, 2011 | 0 Comments More
Euro zone inflation exceeds ECB target

Euro zone inflation exceeds ECB target

The European Union’s statistics office Eurostat has today revealed inflation in the euro zone rose more than expected in December. Inflation rose 2.2% on an annual basis in December, up from 1.9% the previous month and represented the first time since October 2008 that it had exceeded the European Central Bank’s (ECB) target of just [...]

January 4, 2011 | 0 Comments More
NAR reports rise in US homes sales in November

NAR reports rise in US homes sales in November

The National Association of Realtors (NAR) has today revealed sales of previously owned homes rose more than expected in November, offering hope that the housing market may slowly be recovering from its slump. The industry body said sales grew 5.6% to a seasonally adjusted annual unit rate of 4.68 million, up from October’s 4.43 million [...]

December 22, 2010 | 0 Comments More
Consumer confidence remains at low level

Consumer confidence remains at low level

A survey showed today consumer confidence remains at low levels with the GfK NOP December consumer confidence index unchanged at -21. While it was marginally better than the -22 expected by analysts, it is two points lower than this time last year. Meanwhile, the survey’s “climate for major purchases” index surged ahead by 10 points, [...]

December 21, 2010 | 0 Comments More
US retail sales rise for fifth consecutive month

US retail sales rise for fifth consecutive month

The Commerce Department has revealed US retail sales grew for the fifth consecutive month in November. Sales grew by 0.8% - exceeding the 0.5% expected by economists and will boost hopes that the economic recovery picked up pace in the final quarter of the year. High unemployment remains a major concern in the world’s largest [...]

December 14, 2010 | 0 Comments More
US retail sales surge in October

US retail sales surge in October

The Commerce Department has revealed US retail sales grew by a better than expected 1.2% last month - this followed an increase of 0.7% in September. The rise, which was the fourth consecutive monthly gain, was fuelled by an increase in car sales. Retail sales figures are closely watched because consumer spending accounts for approximately [...]

November 16, 2010 | 0 Comments More
Swiss bank UBS unveils Q3 results

Swiss bank UBS unveils Q3 results

Swiss banking giant UBS has today reported a net profit of SwFr1.66 billion (£1.1 billion) for the July to September period – exceeding analysts’ expectations. The figures compare with a loss of SwFr564 million for the third quarter a year ago. For the first time since the financial crisis, the bank said it restored client [...]

October 26, 2010 | 0 Comments More
Euro zone Q2 economic growth beats expectations

Euro zone Q2 economic growth beats expectations

The EU statistics agency Eurostat has revealed the euro zone economy grew by 1% in the April to June period - boosted by its largest economy - Germany. Economic growth in the 16 nations that use the euro beat expectations, and followed growth of 0.2% in the first quarter and exceeded forecasts of 0.7%. Meanwhile, [...]

August 15, 2010 | 0 Comments More
Germany’s economic growth boosted by exports

Germany’s economic growth boosted by exports

Figures have today revealed Europe’s largest economy grew by a record 2.2% in the second quarter - the fastest quarterly growth in 20 years. The figures smashed analysts forecasts who had expected growth of around 1%. Meanwhile, on an annul basis, economic growth soared by 4.1%. Furthermore, first quarter growth has been revised upwards from [...]

August 13, 2010 | 0 Comments More
China’s inflation continues to accelerate

China’s inflation continues to accelerate

Chinese inflation continued to increase last month as devastating floods drove up the price of food as crops were wiped out. According to the National Bureau of Statistics (NBS), the closely-watched consumer price index rose 3.3% in July against 2.9% in June. A spokesperson for the Bureau said the rise was primarily due to “dramatic [...]

August 11, 2010 | 0 Comments More
Companies making “real progress” in profit rebuilding

Companies making “real progress” in profit rebuilding

According to a study by professional services firm Deloitte, 76% of companies in the UK, US and Europe have exceeded City forecasts when reporting their second quarter profits. As a result of the findings of the study which looked at 543 firms, Deloitte said companies are making “real progress” but warned that consumer incomes and [...]

August 9, 2010 | 0 Comments More
UK manufacturing activity slows further in July

UK manufacturing activity slows further in July

The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed further in July. The closely-watched CIPS/Markit manufacturing PMI dipped slightly from 57.6 in June to 57.3 in July. However, the reading exceeded forecasts of 57.0 and is still close to May’s 15-year high of 58.1. Furthermore, the sector has now expanded [...]

August 2, 2010 | 0 Comments More
HSBC kicks off banking reporting season with doubling of profits

HSBC kicks off banking reporting season with doubling of profits

The UK’s banking reporting season has got off to a flying start today after banking giant HSBC reported profits more than doubled, exceeding analysts expectations. Europe’s largest bank has today announced a pre-tax profit of $11.1 billion (£7 billion) for the six months to the end of June, compared with $5 billion in the same [...]

August 2, 2010 | 0 Comments More
Exxon Q2 profits surge 91%

Exxon Q2 profits surge 91%

Exxon Mobil, which is the world’s largest oil company, has today announced profits nearly doubled in the April to June period - easily exceeding analysts’ expectations. The oil giant said net earnings rose to $7.56 billion, or $1.60 a share, against $3.95 billion, or 81 cents a share, in the same period a year earlier. [...]

July 29, 2010 | 0 Comments More
UBS Q2 profits exceed expectations

UBS Q2 profits exceed expectations

Swiss banking giant UBS has today reported a net profit of SwFr2.0 billion (£1.2 billion, $1.9 billion) for the April to June period - exceeding analysts’ expectations. The news will be welcomed by many investors after the bank was among one of the worst hit victims of the credit crunch due to its exposure to [...]

July 27, 2010 | 0 Comments More