Tag: less

ONS: UK retail sales grow just 0.2% in July

ONS: UK retail sales grow just 0.2% in July

The Office for National Statistics (ONS) has today revealed UK retail sales grew by just 0.2% last month – slightly less than the 0.3% expected by analysts. The slight gain was much slower than the 0.8% increase the previous month as households continue to be squeezed by higher inflation, rising unemployment and sluggish wage growth. [...]

August 18, 2011 | 0 Comments More
Japanese exports fall more than expected

Japanese exports fall more than expected

Official figures today revealed Japan’s exports fell more than expected last month resulting in the country’s second consecutive month of trade surplus. According to the Ministry of Finance, exports were 3.3% lower on an annual basis in July – the fifth consecutive monthly fall – and lower than forecasts of a 2.4% fall. The figures [...]

August 18, 2011 | 0 Comments More
Germany unveils slower economic growth

Germany unveils slower economic growth

Germany, which is the euro zone’s largest economy, has today reported slower growth for the second quarter. According to figures from Destatis, the German economy grew by just 0.1% in the April to June period – much less than the 0.5% expected by analysts. The figures will undoubtedly be a disappointment since Germany has been [...]

August 16, 2011 | 0 Comments More
Japanese economy performs better in Q2

Japanese economy performs better in Q2

Japan’s economy performed better than in expected in the second quarter, suggesting the country is slowly recovering after the earthquake and tsunami, which struck in March. According to the Cabinet Office, the economy contracted by 0.3% in the April to June period – less than the 0.7% expected by analysts. On an annual basis, meanwhile, [...]

August 15, 2011 | 0 Comments More
Japan’s retail sales fall in May

Japan’s retail sales fall in May

June 28, 2011 | 0 Comments More
Research shows losses made on property since 2006

Research shows losses made on property since 2006

According to research from property website Zoopla, around 80% of properties acquired since 2006 are now worth less than their purchase price. However, 89% of homes bought since the housing market peaked in 2007 are also worth less than homeowners paid for them with the problem particularly bad in the North East. In the North [...]

June 22, 2011 | 0 Comments More
Sainsbury’s reports strong sales despite challenging environment

Sainsbury’s reports strong sales despite challenging environment

June 15, 2011 | 0 Comments More
UK manufacturing output disappoints in March

UK manufacturing output disappoints in March

The Office for National Statistics (ONS) has today revealed UK manufacturing output grew 0.3% in March on a monthly basis – much less than the 0.8% rise expected by analysts. The figure follows February’s shock fall and analysts had expected output to rebound in March. The fall was attributed to the ongoing maintenance work on [...]

May 12, 2011 | 0 Comments More
UK public borrowing less than expected in financial year

UK public borrowing less than expected in financial year

The Office for National Statistics (ONS) has today revealed UK public sector borrowing came in lower than expected for the fiscal year. According to the ONS, public sector net borrowing (excluding interventions such as bank bail-outs) was £18.6 billion in March, taking the total for the fiscal year 2010-11 to £141.1 billion – less than [...]

April 21, 2011 | 0 Comments More
Bank of Ireland’s losses less than expected

Bank of Ireland’s losses less than expected

The Bank of Ireland has today reported its losses narrowed - surprising analysts. The country’s biggest lender said net losses for 2010 totalled €609 million (£5.44 million) - analysts had expected at least double due to the problems in Ireland’s banking sector. The bank performed well under recent stress tests and its shares were up [...]

April 14, 2011 | 0 Comments More
Stock markets recover as euro zone banks borrow less than expected

Stock markets recover as euro zone banks borrow less than expected

Global stock markets were rocked yesterday with the news that euro zone banks may face funding difficulties after it was revealed that the European Central Bank (ECB) would not be offering 12-month loans. A year ago, the ECB was forced to offer European banks 12-month loans at low interest rates to help them survive the [...]

June 30, 2010 | 0 Comments More
Government borrowing hits £16bn in May

Government borrowing hits £16bn in May

The Office for National Statistics (ONS) has today revealed the UK Government borrowed £16 billion in May. However, the figure was lower than the £18 billion expected and was 8% less than the figure in May 2009. Overall, Government debt stands at £903 billion – the equivalent to 62.2% of GDP - the highest ever. [...]

June 18, 2010 | 1 Comment More
Government borrowing hits £10bn in April

Government borrowing hits £10bn in April

The Office for National Statistics (ONS) has today revealed the UK Government borrowed £10 billion in April. However, while the figure represented the highest amount for April on record, it was less than the £13 billion many economists had expected. Overall, Government debt stands at £893.4 billion – the equivalent to 62.1% of GDP. However, [...]

May 21, 2010 | 0 Comments More
UK public sector net borrowing less than expected in Feb

UK public sector net borrowing less than expected in Feb

The Office for National Statistics (ONS) has today revealed the UK Government borrowed a further £12.4 billion in February. However, while the figure represented the highest amount for February on record, it was less than economists had forecast. Overall, debt stands at £857.75 billion - the equivalent to 60.3% of GDP, up from 50.5% a [...]

March 18, 2010 | 0 Comments More
German unemployment rises less than expected in Feb

German unemployment rises less than expected in Feb

The Federal Labour Office has today announced the number of jobless in Germany grew by 7,000 in February compared with January, taking the country’s unemployment rate to 8.7% - from 8.6% the previous month. The total number of unemployed in Europe’s largest economy now stands at 3.43 million. However, today’s figures were less than economists [...]

February 25, 2010 | 0 Comments More
RBS posts £3.6bn annual loss

RBS posts £3.6bn annual loss

Royal Bank of Scotland (RBS), which is 84% state-owned, has today posted a full-year loss of £3.6 billion. RBS is the second major UK bank to report its 2009 results. Last week, Barclays announced record profits of more than £11 billion - a 92% rise on the previous year. However, RBS’ loss is not as [...]

February 25, 2010 | 0 Comments More
German unemployment rate up to 8.2%

German unemployment rate up to 8.2%

Unemployment in Europe’s largest economy rose to 3.43 million, taking the unemployment rate up from 8.1% in December to 8.2% this month. The jobless total rose by 6,000 people in January but this was less than economists had expected. According to the Federal Labour Office, the severe snowfall experienced in January put an end to [...]

January 28, 2010 | 0 Comments More
US shares rise as fewer jobs axed in private sector

US shares rise as fewer jobs axed in private sector

Figures released by ADP Employer Services have revealed that fewer jobs were lost in the private sector in April in the US. The news was welcomed on the stock markets with the Dow Jones industrial average up by 76.14 points to 8,486.79 in early trading. Furthermore, the euro rose against the dollar to $1.3355, while [...]

May 6, 2009 | 0 Comments More
Retailers in for challenging Christmas as UK consumers spend less

Retailers in for challenging Christmas as UK consumers spend less

According to business group, Deloitte, the retailing industry could face ‘one of the toughest in decades’ this Christmas as UK consumers tighten their purse strings. The organisation said the average consumer plans to spend 7% less than last year. In its 14th annual Christmas Retail Survey, Deloitte found that while 24% of UK consumers intend [...]

November 13, 2008 | 0 Comments More