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30th of August 2010
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News Tag: optimistic

August 22, 2010

France lowers economic growth forecast

by Kay Murchie
France lowers economic growth forecast
The euro zone’s second largest economy has lowered its economic growth forecast following a meeting between the President Sarkozy and senior finance ministers. The French President requested that ministers interrupt their summer holidays to discuss how France is going to tackle its deficit. Following the meeting, a statement said the economy will expand by 2% next year, down from the previous forecast ...



July 30, 2010

British Airways hit by ash cloud and strikes

by Kay Murchie
”British
British Airways (BA) today announced losses widened after the airline was hit by disruption from the volcanic ash cloud and cabin crew strikes. The company said pre-tax losses widened 10.8% to £164 million for the three months to the end of June, compared with the £148 million loss it made in the same period a year earlier. Meanwhile, revenues dipped 2.3% ...



July 27, 2010

CBI survey reveals optimism among retailers

by Kay Murchie
’CBI
A survey by the Confederation of British Industry (CBI) today revealed shoppers hit the High Street in July, with sales increasing at the fastest pace in more than three years. According to the CBI’s monthly distributive trades survey, supermarkets, clothes and shoe shops received the most business as sales grew at the fastest rate since April 2007, boosted by the World Cup, ...



July 15, 2010

JP Morgan Chase profits exceeds expectations

by Kay Murchie
JP Morgan Chase profits exceeds expectations
Wall Street banking giant JPMorgan has kicked off the banking reporting season today with better-than-expected second quarter profits - due to better credit conditions. The bank reported net income of $4.8 billion (£3.1 billion) - a 75% increase on the $2.7 billion reported in the same period a year ago. Today’s figures from JP Morgan will no doubt raise hopes that other lenders ...



June 23, 2010

CBI: Consumers stock up on food and TVs for World Cup

by Kay Murchie
’CBI:
A survey by the Confederation of British Industry (CBI) today revealed a mixed June for retail sales with footwear stores hit but food and electrical retailers experienced good growth. According to the CBI's monthly distributive trades survey, over one third of retailers reported a rise in the volume of sales during the first two weeks of ...



June 17, 2010

IFA’s optimistic about emerging markets

by Kay Murchie
IFA’s optimistic about emerging markets
The Virgin Money Investors Intentions Index has revealed Independent Financial Advisers (IFAs) are confident about long-term investments from Emerging Markets and the Far East. While more than four out of five IFAs will recommend investing in UK Shares to clients over the next three months, they are more optimistic about other markets. According to the index, the number of advisers recommending UK Shares has ...



April 25, 2010

G20 summit unveils optimism for global recovery

by Kay Murchie
’G20
The finance ministers of the G20 group of developed and emerging economies issued optimism about the global economic recovery, after it met on April 23 in Washington, D.C. An announcement after the meeting stated that the global economy is emerging faster than expected from its worst recession since World War II. According to the G20 ministers, the recovery was primarily due ...



October 19, 2009

UK GDP will struggle in 2010 warns E&Y Item Club

by Kay Murchie
”UK
The Ernst & Young Item Club, a respected group of economists, believes that the UK economy will struggle to achieve 1% growth next year and it is still too early to declare a recovery. The influential think tank is forecasting some growth in the latter half of 2009 but Gross Domestic Product (GDP) will struggle next year as ...



October 7, 2009

Consumer confidence index reaches highest level since April 2008

by Kay Murchie
”Consumer
It appears that many consumers believe the worst of the recession could be over after the Nationwide Consumer Confidence Index rose from a revised 65 in August to 71 in September - the highest level since April 2008. According to the Nationwide, the index is also 24 points higher than it was this time last year, suggesting that consumers ...



October 1, 2009

UK factory activity dips in September

by Kay Murchie
”UK
The Chartered Institute of Purchasing & Supply (CIPS) index has revealed a fall in UK manufacturing activity in September by falling to 49.5 from 49.7 in August. The data shows that employers reduced headcount for the 17th consecutive month, while the rate of pick-up in new orders slowed. The fall was a surprise to many analysts who were expecting a rise to 50.3. ...



August 26, 2009

Housing market confidence breaks through

by Gill Montia
”Housing
Britons are regaining their confidence in the UK housing market, with 35% of vendors currently prepared to stick with their asking price, rather than drop to secure a sale. According to new research from The Co-operative Bank, a change in attitude is taking place among sellers, although home buyers are holding back, with only 12% prepared to offer the full asking price for ...



August 13, 2009

US Fed holds interest rates and is optimistic for the future

by Kay Murchie
”US
The US Federal Reserve has yet again unanimously kept interest rates on hold at between 0% and 0.25% - as widely expected. The US Central Bank said that the current low levels of interest rates will likely continue "for an extended period" to aid the continuing recovery of the world‘s largest economy. The Fed also talked of ...



July 15, 2009

Bank of Japan keeps interest rates on hold and is optimistic for the future

by Kay Murchie
”Bank
Japan's central bank has voted unanimously to keep interest rates on hold at 0.1%, as widely expected. However, while the Bank was optimistic for the future, it noted the continued weakness in consumer spending, as well as a sharp fall in capital spending by companies. Private consumption, which makes up for over half of the ...




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