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....The auto-enrolment scheme means more than six million British workers have now been signed up automatically to a pension savings scheme, but fears remain over how much is being set aside. The WEF said the retirement savings gap was forecast to rise from $70tn to $400tn by 2050 in the eight countries studied: Australia, Canada, China, India, Japan, Netherlands, the UK and the US. ... [Read full article on BBC ]
Friday 26th of May 2017 12:02:45 PM
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....4p, hitting a 12-month high. Analysts at Peel Hunt forecast a rise in non-food sales this year as M&S implemented changes that will "drive shoppers to the stores and, more importantly, to the tills when they get there". ... [Read full article on BBC ]
Wednesday 24th of May 2017 06:30:53 AM
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.... Half the children born in 2007 could expect to live until they were 103, putting a strain on the pension system. The pension savings’ gap in the US is forecast to rise almost fivefold from $28bn to $137bn by the middle of the century. ... [Read full article on Guardian ]
Friday 26th of May 2017 06:07:32 AM
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....3m on sales of £102m. This month, the company announced that its 2017 results would comfortably exceed City forecasts, indicating that the Fever-Tree star is still very much in the ascendancy. ... [Read full article on Guardian ]
Thursday 25th of May 2017 07:58:04 AM
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....He said the spending plan was "simply ludicrous". The budget forecasts about $2tr in extra federal revenue growth over the next 10 years, which it uses to pay for Mr Trump's "biggest tax cut in history". ... [Read full article on BBC ]
Wednesday 24th of May 2017 05:46:23 PM
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....Borrowing in 2016-17 was lowered by a number of one-off factors that will not be repeated this year. As a result, the Office for Budget Responsibility has forecast that the deficit will rise to £58bn in 2017-18. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 10:26:10 AM
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.... . But that forecast is well beyond the independent Congressional Budget Office assumptions of 1. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 03:31:49 PM
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....In meeting minutes released this week, policymakers expressed surprised at weak first quarter economic data, but said they wanted to be sure any slowdown was temporary before taking further action. But the improvement is unlikely to increase confidence in the economic forecasts that underpin the White House's budget proposal. ... [Read full article on BBC ]
Friday 26th of May 2017 01:36:45 PM
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....Tiffany's net sales rose slightly to $899. 6m (£694m), but that was also short of analysts' forecasts. ... [Read full article on BBC ]
Wednesday 24th of May 2017 12:53:20 PM
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....Ironically, the country that holds the key to the success of the Opec deal may be one not at the table: the US. The IEA has twice raised its forecasts for US oil production this year, as shale producers in Texas and New Mexico ramp up output to exploit the recovering oil price. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 11:27:42 AM
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....This was below the figure of £51. 7bn forecast by the Office for Budget Responsibility and was the lowest annual borrowing total since the financial year ending in March 2008. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 09:24:08 AM
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....Separate research from Retirement Advantage shows that most approaching retirement do not know how much state pension they will get. Pensions technical director Andrew Tully said people need to check their forecast: “What you get depends on how many qualifying years of National Insurance contributions you have made, with a minimum 10 years to receive anything. ... [Read full article on Daily Express ]
Tuesday 23rd of May 2017 07:53:00 PM
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....With a fortnight to go until the general election, the Guardian’s monthly tracker of economic news paints a mixed picture. Living standards are again falling, but while the economy has slowed markedly, as the latest GDP update showed, it continues to defy the gloomy forecasts of a Brexit recession made by some commentators this time last year. ... [Read full article on Guardian ]
Thursday 25th of May 2017 11:12:55 AM
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....“The surge in household debt is putting the economy in the danger zone,” O’Grady said, in response to a TUC analysis showing that the average unsecured debt per household stood at £13,200 last year – only £100 below the record reached in 2007. On the basis of forecasts for the future course of the economy produced by the independent Office for Budget Responsibility, the TUC said household debt would reach £13,900 this year and top £15,000 before the end of the next parliament. ... [Read full article on Guardian ]
Thursday 25th of May 2017 05:01:19 AM
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....”. He wants to see “more realism” in the EU’s growth forecasts for Greece and “a bit more specificity” on how the eurozone will ease the country’s debt burden in the long-run. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 07:05:04 AM
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....9m profit before tax. The carmaker, based in Gaydon, Warwickshire, also raised annual forecasts, predicting an operating profit of £170m in 2017 and a 30% increase in sales to nearly 4,800 cars. ... [Read full article on Guardian ]
Wednesday 24th of May 2017 05:41:58 PM
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....”. Some Opec delegates said they did not believe forecasts by the US government, which expect US production up 1m barrels a day year-on-year by December – a level that would offset more than half the cuts of the “Vienna group”. ... [Read full article on Guardian ]
Thursday 25th of May 2017 09:54:49 AM
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....3% after reporting a 19% rise in passenger numbers and 10% increase in revenues. The Budapest-based carrier also said it had enjoyed a strong start to the current financial year, and forecast group net profit would be between 250m and 270m euros. ... [Read full article on BBC ]
Thursday 25th of May 2017 08:01:17 AM
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.... The investor would buy the unit on a long-term lease from Store First Limited, and then sublet it to a management company which would subsequently rent it out. The brochure, issued by a property investment company, boasted of a “14% average annual yield” and claimed that when capital growth and income were combined, the “forecast net return” over six years for someone investing £11,250 would be £12,180, “or over 108%” – equating to a total return of £23,430. ... [Read full article on Guardian ]
Saturday 27th of May 2017 06:00:20 AM
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.... A survey of German business leaders found they expect exports to grow further despite reaching record highs. Surveys of British businesses have added to optimistic forecasts after the UK’s GDP growth in the first quarter was downgraded to 0. ... [Read full article on Guardian ]
Friday 26th of May 2017 06:37:09 PM
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....It was the lowest deficit since 2007-08, and meant that chancellor Philip Hammond essentially met his £51. 7bn target, set by by the Treasury’s independent forecaster, the Office for Budget Responsibility, at the time of the budget in March. ... [Read full article on Guardian ]
Sunday 21st of May 2017 02:14:58 PM
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....Alan Clarke, an economist at Scotiabank in London, noted that first-quarter growth was below what the Bank of England and most City economists had been expecting. “The outcome was in line with our forecast, but below the consensus expectation for 0. ... [Read full article on Guardian ]
Thursday 25th of May 2017 09:24:06 AM
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....Nationwide Building Society’s profits slumped last year after it shielded savers from the full extent of the Bank of England’s interest rate cuts. As the UK’s largest building society reported a 18% fall in profit to £1bn, its chief executive, Joe Garner, said customers were alert to the economic risks associated with the Brexit negotiations and forecast that house price growth would slow to its lowest pace in four years to 2% in 2017. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 04:13:14 PM
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.... I fully expect that inflation will continue its inexorable rise during 2017. Even though unemployment was better than forecast, official data confirmed pay growth failed to keep pace with inflation in the opening three months of 2017 and so wages were falling in real terms. ... [Read full article on Guardian ]
Thursday 25th of May 2017 11:14:25 AM
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Latest Finance News related to Forecast

Serious Fraud Office warns of £120m pension scam image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
.... The investor would buy the unit on a long-term lease from Store First Limited, and then sublet it to a management company which would subsequently rent it out. The brochure, issued by a property investment company, boasted of a “14% average annual yield” and claimed that when capital growth and income were combined, the “forecast net return” over six years for someone investing £11,250 would be £12,180, “or over 108%” – equating to a total return of £23,430. ...
FTSE reaches record high as UK opinion poll spooks sterling image
Source : Guardian [Read Article] Friday 26th of May 2017 06:37:09 PM
.... A survey of German business leaders found they expect exports to grow further despite reaching record highs. Surveys of British businesses have added to optimistic forecasts after the UK’s GDP growth in the first quarter was downgraded to 0. ...
US growth rate revised up to 1.2% image
Source : BBC [Read Article] Friday 26th of May 2017 01:36:45 PM
....In meeting minutes released this week, policymakers expressed surprised at weak first quarter economic data, but said they wanted to be sure any slowdown was temporary before taking further action. But the improvement is unlikely to increase confidence in the economic forecasts that underpin the White House's budget proposal. ...
Call to raise retirement age to at least 70 image
Source : BBC [Read Article] Friday 26th of May 2017 12:02:45 PM
....The auto-enrolment scheme means more than six million British workers have now been signed up automatically to a pension savings scheme, but fears remain over how much is being set aside. The WEF said the retirement savings gap was forecast to rise from $70tn to $400tn by 2050 in the eight countries studied: Australia, Canada, China, India, Japan, Netherlands, the UK and the US. ...
Don't want to work until you are 70? You will have to, says WEF image
Source : Guardian [Read Article] Friday 26th of May 2017 06:07:32 AM
.... Half the children born in 2007 could expect to live until they were 103, putting a strain on the pension system. The pension savings’ gap in the US is forecast to rise almost fivefold from $28bn to $137bn by the middle of the century. ...
'Workers are being punished by Brexit' – experts debate the data image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:14:25 AM
.... I fully expect that inflation will continue its inexorable rise during 2017. Even though unemployment was better than forecast, official data confirmed pay growth failed to keep pace with inflation in the opening three months of 2017 and so wages were falling in real terms. ...
Brexit economy: workers face squeeze but firms remain upbeat image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:12:55 AM
....With a fortnight to go until the general election, the Guardian’s monthly tracker of economic news paints a mixed picture. Living standards are again falling, but while the economy has slowed markedly, as the latest GDP update showed, it continues to defy the gloomy forecasts of a Brexit recession made by some commentators this time last year. ...
Oil price slides as Opec production cuts fail to impress markets image
Source : Guardian [Read Article] Thursday 25th of May 2017 09:54:49 AM
....”. Some Opec delegates said they did not believe forecasts by the US government, which expect US production up 1m barrels a day year-on-year by December – a level that would offset more than half the cuts of the “Vienna group”. ...
UK economy slows more than expected as inflation hits spending image
Source : Guardian [Read Article] Thursday 25th of May 2017 09:24:06 AM
....Alan Clarke, an economist at Scotiabank in London, noted that first-quarter growth was below what the Bank of England and most City economists had been expecting. “The outcome was in line with our forecast, but below the consensus expectation for 0. ...
FTSE ends flat as Wizz Air takes off image
Source : BBC [Read Article] Thursday 25th of May 2017 08:01:17 AM
....3% after reporting a 19% rise in passenger numbers and 10% increase in revenues. The Budapest-based carrier also said it had enjoyed a strong start to the current financial year, and forecast group net profit would be between 250m and 270m euros. ...
Fever-Tree co-founder makes £73m from selling shares image
Source : Guardian [Read Article] Thursday 25th of May 2017 07:58:04 AM
....3m on sales of £102m. This month, the company announced that its 2017 results would comfortably exceed City forecasts, indicating that the Fever-Tree star is still very much in the ascendancy. ...
TUC urges government to help boost pay as debt nears record levels image
Source : Guardian [Read Article] Thursday 25th of May 2017 05:01:19 AM
....“The surge in household debt is putting the economy in the danger zone,” O’Grady said, in response to a TUC analysis showing that the average unsecured debt per household stood at £13,200 last year – only £100 below the record reached in 2007. On the basis of forecasts for the future course of the economy produced by the independent Office for Budget Responsibility, the TUC said household debt would reach £13,900 this year and top £15,000 before the end of the next parliament. ...
Debit cards set to overtake cash as most frequently used payment method in UK image
Source : Daily Express [Read Article] Thursday 25th of May 2017 12:00:00 AM
. Rapid growth in the use of contactless cards means that, by the end of next year, cash will no longer be king as the payment method turned to most often, forecasts by Payments UK show. ...
White House denies 'egregious' budget accounting error image
Source : BBC [Read Article] Wednesday 24th of May 2017 05:46:23 PM
....He said the spending plan was "simply ludicrous". The budget forecasts about $2tr in extra federal revenue growth over the next 10 years, which it uses to pay for Mr Trump's "biggest tax cut in history". ...
Aston Martin roars back into profit as DB11 revs up sales image
Source : Guardian [Read Article] Wednesday 24th of May 2017 05:41:58 PM
....9m profit before tax. The carmaker, based in Gaydon, Warwickshire, also raised annual forecasts, predicting an operating profit of £170m in 2017 and a 30% increase in sales to nearly 4,800 cars. ...
Tiffany fails to sparkle as sales keep sliding image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:53:20 PM
....Tiffany's net sales rose slightly to $899. 6m (£694m), but that was also short of analysts' forecasts. ...
M&S annual profits fall by 64% as revamp costs bite image
Source : BBC [Read Article] Wednesday 24th of May 2017 06:30:53 AM
....4p, hitting a 12-month high. Analysts at Peel Hunt forecast a rise in non-food sales this year as M&S implemented changes that will "drive shoppers to the stores and, more importantly, to the tills when they get there". ...
The financial benefits of getting married in retirement image
Source : Daily Express [Read Article] Tuesday 23rd of May 2017 07:53:00 PM
....Separate research from Retirement Advantage shows that most approaching retirement do not know how much state pension they will get. Pensions technical director Andrew Tully said people need to check their forecast: “What you get depends on how many qualifying years of National Insurance contributions you have made, with a minimum 10 years to receive anything. ...
Nationwide profits drop 18% as it shields savers from interest rate cuts image
....Nationwide Building Society’s profits slumped last year after it shielded savers from the full extent of the Bank of England’s interest rate cuts. As the UK’s largest building society reported a 18% fall in profit to £1bn, its chief executive, Joe Garner, said customers were alert to the economic risks associated with the Brexit negotiations and forecast that house price growth would slow to its lowest pace in four years to 2% in 2017. ...
Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
.... . But that forecast is well beyond the independent Congressional Budget Office assumptions of 1. ...
Opec oil producers poised to extend production cuts image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 11:27:42 AM
....Ironically, the country that holds the key to the success of the Opec deal may be one not at the table: the US. The IEA has twice raised its forecasts for US oil production this year, as shale producers in Texas and New Mexico ramp up output to exploit the recovering oil price. ...
London economy subsidises rest of UK, ONS figures show image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 10:26:10 AM
....Borrowing in 2016-17 was lowered by a number of one-off factors that will not be repeated this year. As a result, the Office for Budget Responsibility has forecast that the deficit will rise to £58bn in 2017-18. ...
Government borrowing at three-year April high image
Source : BBC [Read Article] Tuesday 23rd of May 2017 09:24:08 AM
....This was below the figure of £51. 7bn forecast by the Office for Budget Responsibility and was the lowest annual borrowing total since the financial year ending in March 2008. ...
No bailout funds for Greece as eurozone finance chiefs fail to agree deal image
....”. He wants to see “more realism” in the EU’s growth forecasts for Greece and “a bit more specificity” on how the eurozone will ease the country’s debt burden in the long-run. ...
'Ordinary' people image
Source : BBC [Read Article] Monday 22nd of May 2017 11:27:59 PM
Growth slump as rising prices slowed consumer spending, figures to show image
....It was the lowest deficit since 2007-08, and meant that chancellor Philip Hammond essentially met his £51. 7bn target, set by by the Treasury’s independent forecaster, the Office for Budget Responsibility, at the time of the budget in March. ...
Five minute guide to investing in the UK's big banks image
Source : Daily Express [Read Article] Sunday 21st of May 2017 12:01:00 AM
.... Lloyds may struggle to grow in the mature, competitive and tightly regulated UK market. Mould says: “However, with a forecast yield of 4. ...
Alibaba revenues jump 60% as Chinese growth continues image
Source : BBC [Read Article] Thursday 18th of May 2017 04:48:01 PM
....Alipay takes on Apple in US expansion. Alibaba forecast up after Singles' Day. ...
What does increased consumer spending really mean for the UK? image
Source : Daily Express [Read Article] Thursday 18th of May 2017 03:47:00 PM
....This outperformance was mirrored in the annual result, with year-on-year retail sales printing at 4. 5 per cent instead of the forecast 2. ...
Election 2017: State pension triple lock battle lines drawn image
Source : BBC [Read Article] Thursday 18th of May 2017 02:32:16 PM
....5% pledge included by Labour and the Lib Dems from 2020. Wage growth is predicted to be more than 3% by 2019, potentially setting the mark for pension rises, although these forecasts are notoriously difficult. ...
UK wage growth lags inflation for first time since mid-2014 image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:33:02 AM
.... . Ben Brettell, senior economist at Hargreaves Lansdown, said: "With inflation forecast to carry on rising - Bank of England policymakers predict inflation will peak at a little below 3% in the fourth quarter - household budgets look certain to be squeezed further in the coming months. ...
The safety-first for savers and pensioners trying to secure shares image
Source : Daily Express [Read Article] Wednesday 17th of May 2017 12:01:00 AM
.... . Scottish Friendly savings specialist Calum Bennie said: “With wage growth forecast to be 2 per cent across 2017, even Diane Abbott can work out that household finances will be squeezed for a considerable time to come. ...
Sales growth grinds to a halt for TK Maxx image
Source : BBC [Read Article] Tuesday 16th of May 2017 03:15:57 PM
....TJX also said profits would decline in the current quarter, sending shares down more than 3% in New York. The forecast highlighted the challenges facing even discounters, which had been considered a retail bright spot. ...
Manchester United reports £3.8m loss but revenue rises image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:46:12 AM
....9m. Executive vice-chairman Ed Woodward said: "We are forecasting better full-year financial performance than expected and as such have raised our revenue and profit guidance for the year. ...
Energy price rises help drive UK inflation up to 2.7% image
Source : Guardian [Read Article] Tuesday 16th of May 2017 09:04:59 AM
....7% in April, its highest level in three and a half years. Increases in the cost of clothing, car tax and air fares were also blamed by the Office for National Statistics for the rise in consumer price inflation (CPI) that exceeded City forecasts of 2. ...
Vodafone reports hefty loss after hit from Indian unit image
Source : BBC [Read Article] Tuesday 16th of May 2017 08:12:13 AM
....Despite Vodafone reporting the hefty loss, its shares rose 3. 7% to 219p as investors appeared impressed with the company's forecasts. ...
EasyJet half-year loss widens on weaker pound image
Source : BBC [Read Article] Tuesday 16th of May 2017 07:28:42 AM
....The carrier said that bookings for the summer were ahead of last year, showing that demand to fly remains strong. It added that it expected to meet current forecasts for its performance for the rest of the year. ...
Jobs market will suffer a Brexit slowdown, say experts image
Source : Guardian [Read Article] Sunday 14th of May 2017 11:01:29 PM
....British workers should brace themselves for rising unemployment and falling real pay in the year ahead as the impact of a Brexit slowdown is increasingly felt in the jobs market, reports have warned. The era of rapidly increasing employment is over, according to the forecasting group EY Item Club, which on Monday predicted the unemployment rate will rise from 4. ...
UK unemployment rate to rise in 2018, says EY Item Club image
Source : BBC [Read Article] Sunday 14th of May 2017 11:00:31 PM
....8% in 2019, said the EY Item Club. The forecasting group said employment will fall for the first time since 2009, albeit only by 0. ...
Just do it: the experience economy and how we turned our backs on ‘stuff’ image
....And as we consume less, we are doing more. “If you think about the 20th century, the big dominant value system was materialism, the belief that if we had more stuff we’d be happier,” says James Wallman, a trend forecaster and the author of Stuffocation: Living More with Less, in which he charts the move from possessions to experience. ...
Theresa May will cause more poverty than Thatcher, Gordon Brown warns image
....He said child poverty, which stood at 34% when John Major lost the 1997 election, was reduced to just over 27% by the time David Cameron became prime minister in 2010, but was now back on the rise. Assuming current official forecasts for wage growth and inflation are correct, Brown said there would be 5. ...
Chapter closed? image
Source : BBC [Read Article] Friday 12th of May 2017 07:01:27 AM
....The Brazilian stock exchange has been on one big rally since Mr Temer came to power. Inflation and interest rates are falling sharply, and many analysts forecast that recession is already over, although growth is still likely to be moderate in 2017. ...
Sliding sales stoke fears for US department stores image
Source : BBC [Read Article] Thursday 11th of May 2017 04:39:56 PM
.... . Mr Gennette, who took over in March, said Macy's hoped to introduce a new store format next year, but the company is still forecasting a fall in sales for the full year. ...
Idris Elba and falling pound help Superdry emerge as Brexit winner image
Source : Guardian [Read Article] Thursday 11th of May 2017 04:39:17 PM
....Despite the upbeat picture, the shares fell almost 5% as the management team, led by chief executive Euan Sutherland, juggles higher sourcing costs (in common with other retailers, SuperGroup sources its clothing in dollars) and the runaway growth of its wholesale business, which has lower profit margins than retail. As a result, the sales surge did not shift the dial on annual profits, with Sutherland confirming they would be in line with existing City forecasts of between £86m and £87m. ...
Living abroad? What does the Bank of England rate decision mean for you? image
Source : Daily Express [Read Article] Thursday 11th of May 2017 03:49:00 PM
.... . However, in the almost 12 months since the EU referendum the domestic economy has shown remarkable resilience and defied all the gloomiest forecasts. ...
Bank of England warns of consumer spending squeeze image
Source : BBC [Read Article] Thursday 11th of May 2017 11:26:30 AM
....He was upbeat about wage growth beyond 2017 - but only if the government secures a "smooth" exit from the EU. It came as the bank trimmed UK economic growth forecasts for 2017 from 2% to 1. ...
Bank of England warns Brexit vote will damage living standards image
Source : Guardian [Read Article] Thursday 11th of May 2017 11:14:34 AM
.... One seat on the committee was empty – the result of resignation by the Bank’s deputy governor, Charlotte Hogg, when it emerged she had breached the Bank’s code of conduct. The forecasts published alongside the interest rate decision were for economic growth to edge up to 1. ...
Sterling falls after Bank report image
Source : BBC [Read Article] Thursday 11th of May 2017 07:59:40 AM
Nissan reports jump in annual profits image
Source : BBC [Read Article] Thursday 11th of May 2017 07:55:47 AM
.... . But Nissan forecast profits would drop by about 20% this financial year, partly due to currency fluctuations. ...
National minimum wage increases could cost jobs, IFS warns image
Source : BBC [Read Article] Wednesday 10th of May 2017 11:30:22 PM
.... . A Labour spokesperson said: "Labour's £10 an hour minimum wage is in line with reputable forecasts of the wage needed to maintain a decent standard of living by 2020 and put an end to poverty pay. ...
Snap shares slide as growth slows image
Source : BBC [Read Article] Wednesday 10th of May 2017 08:59:46 PM
.... . Revenue rose 286% for the quarter to almost $150m, but was also short of forecasts by about $9m. ...
Interest rates to stay at 0.25% until 2019 as living costs surge to 3.5%, says think-tank image
.... As a result, consumer spending growth is to grind to a halt by the end of the year. Rising prices as measured by the consumer prices index (CPI) will hit the highest level since early 2012 - before gradually easing back towards the bank's two per cent target, forecast the group. ...
Pret a Manger considers putting New York IPO on the menu image
Source : Guardian [Read Article] Wednesday 10th of May 2017 02:23:58 PM
....Listing in New York rather than London would allow Pret to raise its profile in one of its key growth markets. The US coffee shop market, where leading brands include Starbucks and Dunkin’ Donuts, was worth $41bn last year, according to a survey by the Allegra World Coffee Portal, and is forecast to reach $85bn by 2025. ...
TalkTalk slumps 11% on profit warning image
Source : BBC [Read Article] Wednesday 10th of May 2017 09:06:26 AM
....7%, while Barratt Developments ended 2. 2% higher after the housebuilder said annual profit would be at the top end of forecasts. ...
Toyota suffers first profit fall in five years image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:59:07 AM
....Toyota has warned next year's profits will be even lower, due to the strength of the Japanese currency. The carmaker's prediction is based on a forecast that the yen will average around 105 to the US dollar in the year through to March 2018, compared with 108 yen in the last financial year. ...
ITV revenues fall 3% as advertising continues to shrink image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:34:29 AM
....And it said that the weak pound, if it remained at its current level, could produce an additional £60m in revenue and £10m in profits from overseas sales over the whole year. The broadcaster said full year profits for the whole group were still in line with its forecasts. ...
UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
....The prediction for a spike in inflation of 3. 4% is well above the level forecast by the Office for Budget Responsibility, the Treasury’s independent forecaster, which said earlier this year inflation would reach 2. ...
UK pay growth outlook is 'among gloomiest in advanced economies' image
Source : Guardian [Read Article] Tuesday 9th of May 2017 11:01:04 PM
. The prospects for pay growth in the UK are among the gloomiest in advanced economies, with only Greece, Italy and Austria forecast to suffer bigger falls in real wages by the end of 2018, according to a TUC analysis. ...
Bank of England walks the tightrope over interest rates image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
. Slower economic growth and higher inflation present Bank of England policymakers with a delicate balancing act when they meet this week to set interest rates and agree new forecasts for the UK as it goes through an election and Brexit talks. ...
City firms say they won't be ready for Brexit in two years image
Source : Guardian [Read Article] Monday 8th of May 2017 05:59:55 AM
.... They concluded that one single EU member state would not benefit and that firms would react differently depending on how they were currently structured. James Smethurst, a partner at Freshfields, said that the plans could require fewer staff moves that might have been expected, but the report does not contain any forecasts. ...
Pearson shareholders reject chief executive's £1.5m pay package image
Source : Guardian [Read Article] Friday 5th of May 2017 01:32:23 PM
.... He would not be drawn on numbers. In January, the company slashed its profit forecast for this year by £180m and scrapped its target of £800m next year. ...
Oil hits five-month low amid warnings of commodities rout image
Source : Guardian [Read Article] Friday 5th of May 2017 01:51:47 AM
....Stocks fell across the Asia Pacific region for the third day running thanks to a 5% drop in the oil price on concerns of a supply glut. Analysts have forecast further losses amid signs that demand will not be strong enough to soak up the excess production. ...
Watch me, watch me image
Source : BBC [Read Article] Thursday 4th of May 2017 11:15:21 PM
....". Some researchers are forecasting that the live streaming business will be worth $70bn globally by 2021. ...
Energy bills: How YOU could save hundreds by NOT listening to this advice image
Source : Daily Express [Read Article] Thursday 4th of May 2017 01:28:00 PM
. Building modellers are employed to forecast energy usage on homes and recommend features to improve it. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
. Fashion chain Next has delivered another gloomy profit and sales forecast, highlighting tough trading conditions for UK retailers as rising inflation pushes up prices and consumer spending weakens. ...
FTSE 100 lifted by HSBC and Shell results image
Source : BBC [Read Article] Thursday 4th of May 2017 08:36:35 AM
.... Its shares fell 4. 4% after it reported falling sales and trimmed the top end of its full-year profit forecast. ...
Next shares fall as it cuts profit outlook image
Source : BBC [Read Article] Thursday 4th of May 2017 07:06:19 AM
....5% drop in total sales for the past three months. Next also cut the top end of its profit forecast, and now expects full-year profits of between £680m and £740m compared with an earlier forecast of £680m to £780m. ...
HSBC profits fall as bank bids to restore flagging revenues image
Source : BBC [Read Article] Thursday 4th of May 2017 06:19:35 AM
....But the fall in profits to $5bn (£3. 9bn) beat analysts' forecasts, and HSBC's shares rose 3%. ...
Buy a home, get a car free: offers galore as London estate agents struggle to sell image
.... About the only incentive they have not tried is a bogof [buy one, get one free]. ” The developer behind the giant Battersea Power Station development of 4,360 apartments in south London last week slashed its profit forecasts amid rising costs and wider economic uncertainty. ...
Billions wasted on home and car insurance as people fail to shop around, says new research image
....com suggest they could be wasting £286 on car insurance by neglecting to check the market for a better quote. Comparing the market will become even more vital as car insurance premiums look set to accelerate further, with a forecast rise of almost a third over the next 12 months. ...
Is NOW the right time to sell your foreign property? image
Source : Daily Express [Read Article] Wednesday 3rd of May 2017 12:00:00 AM
....But if you were thinking of taking advantage of the weaker pound and selling your foreign property, is now the right time to make the move?. In the immediate aftermath of the referendum, economic forecasters predicted a marked slowing of the UK economy and a steep, steady decline in pound exchange rates. ...

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