Bank of England says inflation expectations picked up in May June 5, 2015 INFLATION expectations over the coming year rose to 2.2 per cent in May, from a 13-year low of 1.9 per cent in February, according to a closely-watched survey released yesterday by the Bank of England. Additionally, expectations over the next two years rose to 2.3 per cent from 2.1 percent, and were unchanged at 2.8 [...]
Morrisons is the only big four grocer “currently on right track”, says Nielsen June 5, 2015 Morrisons waits for good news for months and then three come along at once. The supermarket – which has, until now, been one of the more unloved – has already had one set of figures prove it's the only one of the big four in growth, which in turn prompted a share price rally, [...]
Bank of England says inflation expectations rose in May June 5, 2015 Inflation expectations over the coming year rose to 2.2 per cent in May, from a 13-year low of 1.9 per cent in February, according to a closely-watched survey released today by the Bank of England. Additionally, expectations over the next two years rose to 2.3 per cent from 2.1 percent, and were unchanged at 2.8 [...]
From Field Day to the Chelsea Fringe, the best of summertime in London June 4, 2015 The summer season is finally upon us! This means music festivals, rooftop drinking and lounging around in the park. Don’t wait for the weather to arrive, take advantage of all the adventures you can have outdoors this weekend Field Day Saturday and Sunday, Victoria Park, fielddayfestivals.com This may have been Field Day’s [...]
Germany keeps jobless numbers down in May June 2, 2015 GERMANY’S unemployment rate stayed at a record low last month, indicating that private consumption will propel growth in the country’s economy this year. Data from the German labour office showed the number of people out of work decreased by 6,000 on a seasonally adjusted basis to 2.786m. Meanwhile, the Eurozone returned to inflation in May [...]
Shops most upbeat for 27 years May 26, 2015 RETAIL sales are picking up sharply, a study from the Confederation of British Industry (CBI) showed yesterday, with firms’ expectations for next month at their highest level in 27 years. Orders to suppliers rose at their fastest pace since December 2010 in May, while sales are well above average for the time of year – the [...]
UK retail sales smash expectations rising 4.7 per cent year-on-year May 21, 2015 The retail sector smashed expectations as warm weather encouraged shoppers on to high streets across the UK last month. Retail sales volumes (excluding fuel) were up 4.7 per cent year-on-year, gaining 1.2 per cent from March, beating economist expectations of 3.7 per cent and 0.4 per cent. This was driven by textiles, clothing and footwear, [...]
Enjoy it while you can! Analysts say deflation will not be here to stay May 19, 2015 Deflation has finally arrived in the UK for the first time since the 1960s, but economists are almost unanimous in saying it will be temporary. Inflation – as measured by the year-on-year change in the consumer price index (CPI) – was minus 0.1 per cent in April. The last time inflation was this low, [...]
The UK in deflation: 33 charts showing how UK inflation rate compares to every inflation rate in every EU country May 19, 2015 The UK officially entered deflation today: prices shrank by 0.1 per cent in the 12 months to April 2015 – the first time it's dipped into negative territory since the 1960s. Read more: Inflation turns negative for the first time in over 50 years – but it should only be a blip The fall was caused by dropping energy [...]
Inflation turns negative for the first time in over 50 years – but it should only be a blip May 19, 2015 Britain fell into deflation for the first time since the 1960s after data released today showed the consumer price index (CPI) had dipped into negative territory. The Office for National Statistics said prices fell 0.1 per cent in the year to April on a fall in air and sea fares due to the timing of [...]