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.... A better performance in the smaller construction sector was not enough to offset that weakness and the compilers of the reports – the Markit/CIPS purchasing managers’ indices – said GDP growth looked to have shifted down a gear to 0. 4% in the first quarter from the relatively strong 0. ... [Read full article on Guardian ]
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....Tim Moore, a senior economist at IHS Markit, said: “UK households reported greater pressure on their financial well-being in March, as rising inflation has started to erode incomes and reduce cash available to spend. On average in the first quarter of 2017 survey respondents have reported the sharpest increase in their everyday living costs for three-and-a-half years. ... [Read full article on Guardian ]
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Latest Finance News related to First Quarter

Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
.... A better performance in the smaller construction sector was not enough to offset that weakness and the compilers of the reports – the Markit/CIPS purchasing managers’ indices – said GDP growth looked to have shifted down a gear to 0. 4% in the first quarter from the relatively strong 0. ...
UK households most downbeat about finances since 2013 image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:35:41 PM
....Tim Moore, a senior economist at IHS Markit, said: “UK households reported greater pressure on their financial well-being in March, as rising inflation has started to erode incomes and reduce cash available to spend. On average in the first quarter of 2017 survey respondents have reported the sharpest increase in their everyday living costs for three-and-a-half years. ...
US interest rate rise signals end of ultra-low borrowing costs image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:31:25 PM
....But the economic news has not all been upbeat. US growth was modest in the final three months of 2016 and the early evidence is that the first quarter of 2017 was no great shakes either. ...
Lloyds Banking Group sets aside an extra £350m for PPI image
Source : BBC [Read Article] Friday 10th of March 2017 02:05:39 PM
....Anyone who has had complaints rejected will receive a letter explaining that they could have new grounds for a claim. In a filing to the US Securities and Exchange Commission, Lloyds said the additional £350m provision will be reflected in the its results for the first quarter which will be announced on 27 April, and has no impact on guidance. ...
Warren Buffett, 'Oracle of Omaha', criticises Wall Street and praises immigrants image
....66 closing price. Berkshire became one of the top 10 Apple investors, taking a stake of more than 9m shares in the first quarter of 2016 and then accelerating purchases in the last three months of the year. ...
'The economy looks set to be slowing again' – experts debate Brexit watch data image
....All this suggests the consumer will be much less supportive of growth this year than last, and this will add to the impact of increased uncertainty on investment spending. We could well see the first clear signs of this slowdown in the GDP figures for the first quarter of this year when they are available in a few months. ...
Made in the UK goods could cost more as import prices rise image
Source : Guardian [Read Article] Monday 20th of February 2017 01:17:41 PM
....Gregory said: “Admittedly, the drop in the pound is having a clear impact on price pressures, with the price expectations balance rising to its highest in nearly six years. “But the sector looks on course to provide a positive contribution to GDP growth in the first quarter. ...
Twitter loses ad revenue despite gaining 2 million users and Trump 'boost' image
Source : Guardian [Read Article] Thursday 9th of February 2017 12:50:28 PM
.... “Making Twitter safer is a primary focus in 2017, and we are approaching safety with a greater sense of urgency,” it said. “We’ve rolled out a number of product changes already in the first quarter, and this focus will continue until we’ve made a significant impact. ...
UK inflation warnings intensify as service sector costs rise image
Source : Guardian [Read Article] Friday 3rd of February 2017 01:43:13 PM
....“The PMI surveys are collectively signalling that GDP will increase by a robust 0. 5% in the first quarter, if current growth is sustained in coming months,” said Williamson. ...
UK industry is on a roll – but inflation could send it on the slide | Larry Elliott image
.... Rising domestic demand is prompting firms to increase output. On the basis of the findings manufacturing output could rise by 2% in the first quarter. ...
Pokémon Go and no sign of stopping: Apple’s App Store sales boom image
Source : Guardian [Read Article] Saturday 28th of January 2017 03:59:04 PM
.... It is little wonder that Apple thanked developers recently while gently reminding them that “our products” – an ecosystem of phones, tablets and the store itself – make it all possible. In the first quarter of last year, sales of the iPhone suffered their first ever decline, leading some analysts to speculate that the world may have reached “peak Apple” and prompting the company to ensure its content operation continues to run like clockwork. ...
Tesco hails turnaround as festive sales increase image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:18:49 AM
....2bn of operating profit this year “and maybe slightly more”, as the sales rise had been achieved alongside improvements in efficiency. Tesco won back market share in the UK for the first quarterly period in five years before Christmas as shoppers responded to price cuts and investment in customer service. ...
Jamie Oliver to close six restaurants in 'tough market' after Brexit vote image
....Jamie Oliver is to close six of his Italian restaurants after tough trading and the “pressures and unknowns” following the Brexit vote. Oliver intends to close Jamie’s Italian restaurants in Aberdeen, Exeter, Cheltenham, Richmond, Tunbridge Wells and Ludgate Hill, near London’s St Paul’s Cathedral, by the end of the first quarter of the year. ...
British bosses at their most optimistic in 18 months, Deloitte finds image
Source : Guardian [Read Article] Thursday 29th of December 2016 09:54:28 AM
....In the latest survey, 27% of CFOs said they were more optimistic about prospects for their companies than they were three months ago, while 22% said they were less optimistic. It was the first quarter since the second quarter of 2015 where a net balance of CFOs were more optimistic. ...
Canadian packaging firm buys up £5 note supplier image
Source : Guardian [Read Article] Tuesday 20th of December 2016 09:07:15 AM
.... The company’s chief executive, Mark Robertshaw, said CCL would be “an excellent long-term owner” for its staff and customers. CCL said it expected Innovia to generate net revenue of about £343m in 2017, taking its own sales to £3bn by the time the acquisition is scheduled to complete in the first quarter of the year. ...
TUC and businesses urge Theresa May to act on rights of migrants image
Source : Guardian [Read Article] Saturday 17th of December 2016 08:17:56 PM
....According to the Office for National Statistics, 2. 1 million EU nationals were employed in the UK in the first quarter of 2016 – 224,000 more than in the same period in 2015. ...
Manufacturing slump shows economy is more imbalanced than ever image
Source : Guardian [Read Article] Wednesday 7th of December 2016 11:53:33 AM
....Manufacturing output in the three months to October was 5. 7% below its level when the economy nosedived into recession in the first quarter of 2008. ...
Tata to sell UK speciality steels business in £100m deal image
Source : Guardian [Read Article] Monday 28th of November 2016 11:39:17 AM
....The deal is subject to due diligence and clearance from competition authorities. The agreement will not be completed until the first quarter of next year at the earliest. ...
Black Friday sales rush reported by retailers image
Source : BBC [Read Article] Friday 25th of November 2016 12:16:05 AM
....Looking ahead, the cost of imported items in the UK is forecast to rise, as the weaker pound finally feeds through into retail prices. AO World chief executive John Roberts said: "Obviously, with the Brexit currency movements, prices are going to go up in the first quarter of next year. ...
Countrywide shares plummet as transactions fall image
Source : BBC [Read Article] Thursday 24th of November 2016 09:49:08 AM
.... . The lettings side of the business was affected by the rush to beat the changes in stamp duty at the end of the first quarter of the year, which resulted in a larger than usual supply of rental properties, it said in its statement. ...
Countrywide warns over profits amid housing slowdown image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:56:50 AM
....The Association of Residential Letting Agents has warned that the policy could be counterproductive, because the costs would be passed on to landlords who would in turn raise rents to recoup the costs. Countrywide said changes to stamp duty in the first quarter resulted in a larger-than-usual supply of rental properties, weighing on rental growth. ...
Autumn Statement: Big increase in borrowing predicted image
Source : BBC [Read Article] Wednesday 23rd of November 2016 01:29:37 PM
....The OBR said that its forecasts were "somewhat less pessimistic" than the Bank of England's predictions from earlier this month and also the Treasury's analysis from before the EU referendum. The Treasury had predicted that the economy would contract in the first quarter after a vote to leave the EU, although that was based on the assumption that Article 50 would be triggered immediately, starting the process of leaving. ...
Does Trump’s election spell globalisation's end? image
Source : Guardian [Read Article] Thursday 17th of November 2016 03:43:16 PM
....World trade growth would be slowing down, even without Trump in office. Its growth was already flat in the first quarter of 2016, and it fell by nearly 1% in the second quarter. ...
German economy slows in third quarter image
Source : BBC [Read Article] Tuesday 15th of November 2016 08:20:49 AM
....This was slower than economists had expected and well below the 0. 7% rate recorded in the first quarter. ...
UK construction rises despite Brexit vote image
Source : BBC [Read Article] Wednesday 2nd of November 2016 11:13:17 AM
....While construction rose according to the survey, figures for commercial construction stabilised during the month, but civil engineering decreased slightly. There was only a moderate growth in new business in October and the increase was much weaker than in the first quarter of the year. ...
Tesla reports first quarterly profit for three years image
Source : BBC [Read Article] Wednesday 26th of October 2016 10:27:57 PM
....". Tesla, which went public in 2010, had not made a net quarterly profit since the first quarter of 2013. ...
Boeing set to deliver more planes in 2016 image
Source : BBC [Read Article] Wednesday 26th of October 2016 06:35:07 PM
....The balance peaked at $28. 7bn in the first quarter and has since declined. ...
Emerging markets boost Banco Santander image
Source : BBC [Read Article] Wednesday 26th of October 2016 12:02:51 PM
.... . "I am delighted to announce another strong quarter, with substantial growth across lending, deposits and customer accounts, as well as the bank reporting its first quarterly underlying profit," said chief executive Craig Donaldson. ...
Furniture shoppers go big or stay home in the sunshine image
Source : BBC [Read Article] Thursday 6th of October 2016 07:41:39 AM
....However, Dunelm said that "unusually warm weather" had dampened the number of people in its shops and sent its same store sales, which strips out the effect of new store openings, down 3. 8% in the first quarter. ...
What Brexit slowdown? GDP UP as economy performs BETTER than expected after EU referendum image
....British business investment grew by a stronger than previously estimated 1. 0 percent from the first quarter, defying earlier expectations that nervousness about the referendum would weigh on companies' spending plans. ...
German economy expecting golden autumn, says Ifo head image
Source : BBC [Read Article] Monday 26th of September 2016 09:11:30 AM
....4% in the three months to June, from 0. 7% expansion in the first quarter. ...
First-time buyers must wait seven years longer for home in south-east England image
Source : Guardian [Read Article] Thursday 22nd of September 2016 11:01:24 PM
.... The Bank of England has told the government that the end of the guarantee will not have detrimental effects on the supply of home loans. The Bank’s governor, Mark Carney, said use of the scheme had declined significantly and just 3% of mortgage lending was conducted through the scheme in the first quarter of the year. ...
Right to buy: one-for-one replacement pledge not being met, data suggests image
Source : Guardian [Read Article] Thursday 22nd of September 2016 06:16:00 PM
....Maximum discounts currently stand at £103,900 in London and £77,900 in the rest of England. The average receipt per dwelling sold in the first quarter of 2016-17 was £84,000, up from £80,000 in the same quarter of 2015-16. ...
Help to buy closure will not affect those with small deposits, says Bank image
Source : Guardian [Read Article] Thursday 22nd of September 2016 03:20:18 PM
....Carney said: “Over the past year, use of the scheme has declined significantly. In [the first quarter of ] 2016, loans in the scheme accounted for only 3% of total mortgage lending for house purchase and 25% of lending at LTV [more than 90%], compared to 6% and 70% respectively in 2014”. ...
Help to Buy mortgage guarantee not needed, says Bank image
Source : BBC [Read Article] Thursday 22nd of September 2016 11:00:00 AM
....The move is unlikely to affect other Help to Buy schemes, which include equity loans to buy newly-built homes, as well as the Help to Buy Isa savings scheme which is aimed at those saving for a deposit. In its review of the Help to Buy Mortgage Guarantee Scheme, the Financial Policy Committee (FPC) said that the scheme accounted for 3% of total mortgage lending in the first quarter of the year. ...
Global banking watchdog warns over Chinese banks image
Source : BBC [Read Article] Sunday 18th of September 2016 08:30:53 PM
....China's credit-to-GDP gap hit 30. 1 in the first quarter of 2016, it said. ...
Scunthorpe sale costs hit Tata Steel image
Source : BBC [Read Article] Monday 12th of September 2016 12:08:25 PM
. Costs related to the sale of its Scunthorpe operations pushed Tata Steel into the red for its first quarter. ...
Construction industry shows signs of recovery, PMI survey says image
Source : BBC [Read Article] Friday 2nd of September 2016 10:53:09 AM
....7% in the second quarter, following a 0. 3% fall in the first quarter, meaning the industry recorded two consecutive quarters of negative growth for the first time since 2012. ...
Canada's economy takes largest hit since 2009 image
Source : BBC [Read Article] Wednesday 31st of August 2016 03:48:30 PM
....The Canadian economy was hit hard by wildfires in its oil sands region, reducing its production. In the first quarter of the year, Canada's economy grew by 2. ...
Mortgage approvals at 18-month low, says Bank of England image
Source : BBC [Read Article] Tuesday 30th of August 2016 09:08:06 AM
....The number of approvals has been falling steadily since March, when there was a rush to buy ahead of tax changes. "Mortgage approvals for house purchases have progressively slowed after being buoyed in the first quarter by buy-to-let and second home sectors rushing to beat April's Stamp Duty increase for these sectors," said Howard Archer, chief UK and European economist at IHS Global Insight. ...
German business confidence falls post-Brexit, says Ifo image
Source : BBC [Read Article] Thursday 25th of August 2016 10:30:35 AM
....That was a slower pace than the 0. 7% growth in the first quarter, but double what economists had expected. ...
South Africa finance minister won't submit to police image
Source : BBC [Read Article] Wednesday 24th of August 2016 10:48:59 AM
....It was the second time Mr Gordhan had accepted the job - he was the finance minister before Mr Nene. South Africa's economy is teetering on the brink of recession, having recorded a contraction in the first quarter of this year. ...
Sudden slide of world's weakest currency  image
Source : BBC [Read Article] Wednesday 17th of August 2016 05:41:38 AM
....Making matters worse has been the government's inconsistent approach to investment laws and mining agreements, causing many foreign firms to rush for the exit. Foreign direct investment in Mongolia plummeted by 85% since 2011 to the first quarter of last year, according to the US State Department. ...
Japan's economic growth weaker than forecast image
Source : BBC [Read Article] Monday 15th of August 2016 12:13:28 AM
Ralph Lauren and Michael Kors report weak sales image
Source : BBC [Read Article] Wednesday 10th of August 2016 03:30:05 PM
....Luxury brands Ralph Lauren and Michael Kors have both reported weak sales against a backdrop of fewer customers visiting department stores and the strong dollar hitting tourists. Ralph Lauren said first quarter net revenues fell 4% to $1. ...
UK industrial output grows strongly image
Source : BBC [Read Article] Tuesday 9th of August 2016 09:30:15 AM
....Industrial output grew 2. 1% compared with the first quarter of the year, the Office for National Statistics said. ...
Toyota shares rise despite weak earnings and outlook image
Source : BBC [Read Article] Friday 5th of August 2016 01:39:40 AM
.... . On Thursday, Toyota reported a 15% drop in its first quarter net profit, with the strong yen weighing down the company's exports. ...

To save us all time and money, we should walk away from the EU now
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Source : Telegraph [Read Article] Thursday 4th of August 2016 06:12:17 PM
....In the referendum debate, Remain claimed that not only would the economy go into recession if voters foolishly chose to Leave, but also that even economic activity in the second quarter of the year would be hit by polls showing a good chance of Brexit. Today, now that the second quarter has in fact shown a 50 per cent rise in growth on the first quarter, this latter prediction is conveniently forgotten by the doom-mongers. ...
Growth in new UK car sales slows in July image
Source : Guardian [Read Article] Thursday 4th of August 2016 10:03:57 AM
....A total of 1,599,159 new cars have been registered so far this year, putting demand 2. 8% higher than for the same period in 2015 following a strong first quarter. ...
Strong yen weighs on Toyota profits image
Source : BBC [Read Article] Thursday 4th of August 2016 07:17:16 AM
. Japanese carmaker Toyota has reported a 15% drop in its first quarter net profit with the strong yen weighing down the company's exports. ...

Countryfile Live is the perfect way to kick off the summer of the staycation
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....A record-breaking 7. 3 million people took breaks in England in the first quarter of 2016, up 10 per cent on the same period in 2015, according to Visit England. ...

Guns, jobs and angry white men: five reasons Donald Trump could win the White House
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....2 per cent in the second quarter, less than half what was expected. Growth in the first quarter was revised down to 0. ...
Eurozone GDP growth halves as French economy stalls image
Source : BBC [Read Article] Friday 29th of July 2016 10:26:19 AM
....3% between April and June, in line with expectations but below 0. 6% growth in the first quarter. ...
Ford profits fall as it warns on US economic risks image
Source : BBC [Read Article] Thursday 28th of July 2016 03:35:56 PM
....65%. The company said that sales in the US and China were lower than anticipated in the quarter, and Ford also announced its first quarterly loss in Asia Pacific for three years. ...
Brexit risks for booming car manufacturing, says SMMT image
Source : BBC [Read Article] Thursday 28th of July 2016 11:25:43 AM
...."Ahead of the EU referendum, the second quarter new vehicle market growth rate moderated to 1% from 5. 1% in the first quarter," it said. ...

'Staycation' boost to UK economy as millions of families shun foreign holidays 
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...."Staycations" have been steadily gaining popularity since the start of the year with a record-breaking 7. 3 million people holidaying in England in the first quarter of 2016, up 10pc compared to the same period in 2015, according to Visit England. ...
GE agrees deal with China's Huawei to improve productivity image
Source : BBC [Read Article] Wednesday 20th of July 2016 07:18:01 AM
....China's economy grew at an annual rate of 6. 7% in the first quarter of the year, its slowest quarterly growth for seven years. ...
Royal Mail revenues rise 1% in 'quieter period' image
Source : BBC [Read Article] Tuesday 19th of July 2016 07:01:56 AM
....Had that not been the case, letter volumes would have been 4% lower. Royal Mail said overall trading in the first quarter was in line with expectations, with no material change in overall trends. ...
Brexit fallout to hit UK economic growth: EY Item Club image
Source : BBC [Read Article] Sunday 17th of July 2016 11:16:42 PM
....A new survey from Deloitte found 82% of chief financial officers of both FTSE 350 and large privately owned companies expected to cut capital spending in the next year. That was the biggest proportion on record and more than double the 34% in the first quarter, Deloitte said. ...
Pound jumps as Bank keeps rates on hold image
Source : BBC [Read Article] Thursday 14th of July 2016 08:36:29 AM
....Halfords shares slid 1. 3% after it said sales of bikes had fallen in the first quarter, which the company blamed on poor weather and the timing of Easter. ...
Halfords looks to Rio Olympics to boost bike sales image
Source : BBC [Read Article] Thursday 14th of July 2016 07:24:42 AM
....9%. Halfords said that sales of premium bikes, which are priced between £500 and £5,000 and include the Pinarello model ridden by Team Sky, performed well over the first quarter. ...
Yum Brands raises profits outlook ahead of China spin-off image
Source : BBC [Read Article] Thursday 14th of July 2016 12:23:07 AM
.... . Sales in China, at restaurants open at least one year, rose by 6% in the first quarter of the year, up from a 2% increase for both the third and fourth quarters of last year. ...
Burberry's sales down 3% in 'challenging' first quarter image
Source : BBC [Read Article] Wednesday 13th of July 2016 07:22:06 AM
. Burberry has reported a 3% fall in like-for-like sales and flat retail revenues of £423m after what it called a "challenging" first quarter. ...
Marks and Spencer clothing sales plunge in first quarter image
Source : BBC [Read Article] Thursday 7th of July 2016 06:35:46 AM
....Marks and Spencer said like-for-like sales at its clothing arm fell by 8. 9% in the first quarter, as a "weak market" and fewer promotions hit sales. ...

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