HOW WOULD YOU RATE WM MORRISON’S PERFORMANCE? September 10, 2009 NICK BUBB PALI INTERNATIONALThe results were in-line with expectations, but that shouldn’t take anything away from what was a very good performance. Dare I say it, it was better than Sainsbury’s. The stores they bought from the Co-operative Group opened earlier than expected, and that bodes well for the longer-term push into smaller stores. SAM [...]
Britons more bullish on jobs and outlook September 8, 2009 BRITISH consumers are more confident about the future economic situation and sentiment about the present has also improved, the Nationwide consumer confidence survey will say today. The survey indicates that all the confidence indices rose during August with the expectations index rising by three points to 94. The present situation index, which has generally been [...]
THE LONDON REPORT September 8, 2009 BRITAIN’S top share index rose for a third straight session yesterday, buoyed by the return of M&A activity and supported by hawkish economic data and with heavyweight mining. Energy stocks lead the gainers. The FTSE 100 closed 14.16 points higher, or 0.3 per cent, at 4,947.34, hitting a fresh highest closing level in 11 months. [...]
Inflation rate holds steady but will drop August 18, 2009 INFLATION unexpectedly held steady in July, as rises in the prices of games, toys and hobbies offset falls in the cost of food and drinks. But economists warned that deflation still looms. The Office for National Statistics said that the consumer price index (CPI) – the government’s preferred measure – was unchanged from June, keeping [...]
Budget goods boost Asda’s market share August 13, 2009 WAL-MART owned Asda yesterday said it was stealing market share from other supermarkets as customers shopped around for low prices during the downturn. Asda said over three months to 31 July it had grown its market share of the grocery sector to 17 per cent, up from 16.7 per cent the quarter before. Tesco continues [...]
Careful not to cut spending too soon August 11, 2009 ANOTHER day and further signs there is some life left in the poor battered UK economy.. Yesterday it emerged that house prices rose for the third month in a row in June, according to government figures. And takeovers are back, it would seem, with the blue-chip insurer Friends Provident succumbing to an increased £1.85bn bid [...]
Retail sales mixed in July August 10, 2009 SPENDING on home improvements and seasonal clothing clearances boosted retail sales in July. According to figures published by the British Retail Consortium (BRC) today, retail sales values rose by 1.8 per cent on a like-for-like basis compared to the previous July. On the three-month weighted average of May to July, like-for-like retail sales values rose [...]
Mix banging techno with minke whales in spectacular, friendly Iceland August 9, 2009 THE high cost of a pint of beer used to mean that Iceland was out of bounds for all but the most well-heeled traveller. But the financial catastrophe the country has suffered in the wake of the credit crunch, while devastating for its population, has made it far more accessible, and tourism is expected to [...]
Pressure to raise QE after mixed data August 4, 2009 ANNUAL growth in broad money supply slowed to its weakest since 1999 in the second quarter, according to data released yesterday by the Bank of England, just two days before its monetary policy decision. The figures showed that broad money supply growth excluding intermediate other financial corporations such as pension funds, fell to 3.1 per [...]
ONLY A WEAK YEN POINTS TO REAL GROWTH August 2, 2009 JANE FOLEYRESEARCH DIRECTOR,FOREX.COM President Obama last week claimed that the US may be seeing the “beginning of the end” of the recession and his words coincided with subtle improvements in the tone of some central banks, whose rhetoric provides a useful gauge as to how the world is moving on in the wake of the [...]