High street sales growth in slowdown January 27, 2011 RETAIL sales for January are up on the same time last year, yet sales growth slowed considerably, according to the Confederation for British Industry (CBI). And consumer confidence has plummeted to a 12 month low, separate data from researchers GfK NOP revealed today. The positive balance of retailers reporting a year-on-year increase in sales dropped [...]
Snow losers for traders looking for volatility January 16, 2011 THE Christmas trading results branded companies as either winners or “snow losers” last week. Tesco shocked the market by offering figures that analysts felt paled in comparison to Sainsbury’s. Thanks to 12,000 tonnes of grit, the supermarket deserved to take the title of winner of the festive race. Toy, clothing and leisure retailers also offered [...]
FTSE opens higher ahead of key data October 25, 2010 The FTSE 100 rose on opening this morning with heavyweight miners likely to be buoyed by a softer dollar after the Group of 20 major economies agreed to avoid competitive currency devaluations. The blue chip index looks set to gain 43 to 48 points, or as much as 0.8 percent, according to financial bookmakers, after [...]
Consumer confidence fell in September September 29, 2010 BRITONS lost confidence in September as fears of a double-dip recession intensified, indicating that last month’s improvement was merely a blip, according to the GfK consumer confidence survey published today. Nick Moon, managing director of GfK NOP Social Research, said: “September’s slump suggests the rise in consumer confidence in August was a false dawn, as [...]
Obama speech fails to prop up markets August 30, 2010 US STOCKS accelerated declines yesterday after comments from US President Barack Obama did little to soothe investors anxious over the slowing pace of the recovery. Obama said he and his economic team discussed additional steps to promote economic growth, including looking at tax cuts for businesses. Stocks had been trading lower prior to the comments [...]
Consumer confidence falls again July 29, 2010 Consumer confidence fell for the fifth successive month in July, according to the latest barometer from GfK NOP published today. The overall consumer confidence index dropped three points to -22 with falls in consumers’ expectations for their personal finances over the next year, the current general economic situation and the economy over the next 12 [...]
Budget hits confidence June 29, 2010 THE most austere Budget since the Second World War has done nothing to improve consumer confidence, according to the GfK/NOP Consumer Confidence index, which fell for the fourth consecutive month in June. Published today, the overall index fell one point to -19. All the gains that had been made from December to February have now [...]
Election fails to boost UK confidence May 27, 2010 BRITISH consumers have not yet been convinced that the new Lib-Con coalition government will boost either the general economy or their own personal finances, the May consumer confidence survey from GfK NOP will show today. The overall consumer confidence index dropped for a fourth consecutive month and fell by two points to -18, a similar [...]
British consumers remain cautious over year ahead April 29, 2010 BRITISH consumers are still cautious about the future for both their personal finances and the general economic situation, the latest consumer confidence survey from GfK NOP will show today. The overall consumer confidence index dipped by one point in April to -16, but is still well above last April’s figure of -27. The uptick in the [...]
February sees bumper sales on high street February 25, 2010 BRITISH consumers returned to the high street in their droves in the first half of February, after January’s cold snap kept them at home. The Confederation for British Industry (CBI) said that in early February retailers had seen the strongest annual growth in sales volumes since May 2007. Almost half of all firms surveyed (46 [...]