Tag: miss

Mortgage rescue scheme criticised by NAO

Mortgage rescue scheme criticised by NAO

The Mortgage Rescue Scheme has been criticised by the National Audit Office (NAO) for missing targets. The Scheme was established by the Labour Government in late 2008 to help struggling homeowners in England facing repossession and allowed people to sell their property to a local authority or housing association but stay on as a tenant. [...]

May 25, 2011 | 0 Comments More
Big five banks miss SME lending target

Big five banks miss SME lending target

Figures published by the Bank of England today have revealed that the “big five” banks loaned £16.8 billion to SMEs in the first quarter – around £2 billion short of the £19 billion target – agreed under the “Project Merlin”. Under the agreement, Project Merlin, Barclays, Royal Bank of Scotland, Lloyds, HSBC and Santander all [...]

May 23, 2011 | 0 Comments More
ONS: UK retail sales fall in February

ONS: UK retail sales fall in February

Retail sales fell last month - by a bigger than expected 0.8% on a monthly basis, the Office for National Statistics (ONS) has reported today. The fall followed a downwardly revised gain of 1.5% in January. Sales growth for January was attributed to heavy discounts and a rush to beat the VAT hike, which came [...]

March 24, 2011 | 0 Comments More
Sainsbury’s hit by tough trading environment

Sainsbury’s hit by tough trading environment

March 23, 2011 | 0 Comments More
US Q3 economic growth figures revised upwards

US Q3 economic growth figures revised upwards

The Commerce Department has today revealed the US economy grew by an annualised 2.6% in the July to September period – slightly higher than the second estimate of 2.5% but much faster than the first estimate of 2%. However, the growth rate was less than the 3% most analysts had expected. Today’s estimate is the [...]

December 22, 2010 | 0 Comments More
Japan’s export growth improves in November

Japan’s export growth improves in November

Government data has today revealed Japanese exports picked up in November - for the first time since February. Exports grew 9.1% to 5.44 trillion yen in November on an annual basis, against the 7.8% reported in October. However, the figure was still short of expectations for a 10.8% gain. The improvement was attributed to strong [...]

December 22, 2010 | 0 Comments More
Italian growth slows in Q3

Italian growth slows in Q3

Official figures today showed Italian economic growth slowed in the July to September period. Italy’s statistics office, Istat, said the economy expanded by 0.2% in the third quarter, slowing from the 0.5% growth recorded in the second quarter. The growth rate was half the 0.4% expected by analysts. On an annual basis, meanwhile, the economy [...]

November 12, 2010 | 0 Comments More
Yahoo revenue grows but falls short of expectations

Yahoo revenue grows but falls short of expectations

Online search giant Yahoo has published its second quarter results which disappointed the market, sending its shares diving more than 7%. Profits at the company grew by more than 50% in the quarter, but net revenues missed expectations. Revenue in the three months ending June 30 totalled $1.6 billion (£1.05 billion), compared with $1.57 billion [...]

July 21, 2010 | 0 Comments More
NAO warns of bigger spending cuts

NAO warns of bigger spending cuts

The National Audit Office (NAO) has warned that bigger spending cuts could be on the cards after suggesting the Government is not on target to meet savings. It said further tough measures would need to be implemented if it is to be successful in cutting costs and has questioned the £10.8 billion in savings already [...]

July 20, 2010 | 0 Comments More
Google results below expectations

Google results below expectations

US search engine giant, Google, has reported second quarter net profit of $1.84 billion (£1.2 billion) - a rise of 24% on the $1.48 billion reported in the same period a year earlier. Meanwhile, revenue for the three months ending June came in at $6.82 billion - also a sharp rise on the $5.52 billion [...]

July 16, 2010 | 0 Comments More