Topic filter : Forecast

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Railway Airline KLM Bank Account Technology TSB Inflation Cost Of Living Brexit Branded Product Premier Foods Mr Kipling Recession Euro Investigation Tax Avoidance Recruitment British Gas High Street Sanction Treasury Tax Relief Mortgage Interest-only Fracking Profit Annual Profit Mike Ashley Sports Direct Economy Airbnb Rupert Murdoch Sky Compensation Channel 4 Million Customers Stock Exchange State Pension Pension Life Expectancy Labour

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....”. Like most forecasters, PwC was surprised by the resilience of the economy in the six months after the EU referendum in June 2016. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 05:01:11 AM
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....The company has also been hit by rising costs linked to the fall in the pound since the Brexit vote. Premier stuck to its forecasts for the full year, saying it would return to sales growth in the second quarter and post flat sales for the first half. ... [Read full article on Guardian ]
Thursday 20th of July 2017 08:29:00 AM
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. The UK needs to prepare itself for weaker economic performance, two major forecasting groups have said, in the latest studies predicting the downsides of the Brexit vote. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:01:34 PM
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Monday 17th of July 2017 07:29:54 AM
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....6% last month, beating the 0. 4% increase forecast by economists and following a sharp 1. ... [Read full article on Guardian ]
Thursday 20th of July 2017 02:21:55 PM
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....But shares in the retailer closed up nearly 11. 5% at 335p as it announced the appointment of a finance director for the first time since 2013 and forecast that earnings for the year ahead would rise by between 5% and 15%. ... [Read full article on Guardian ]
Thursday 20th of July 2017 06:53:53 AM
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.... In May the consumer prices index stood at 2. 9% and the Reuters poll of City economists resulted in a forecast for June of 2. ... [Read full article on Guardian ]
Sunday 16th of July 2017 06:00:14 AM
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....Look, he’s finally hired a permanent finance director, one Jon Kempster, after three years of stand-ins. Following a year in which profits fell almost 60%, Ashley is also making an investor-pleasing forecast of improvements in the pipeline: top-line earnings are predicted to improve 5-15% this year. ... [Read full article on Guardian ]
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Latest Finance News related to Forecast

The promise of a new era at Sports Direct must also mean new personnel image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:48:36 PM
....Look, he’s finally hired a permanent finance director, one Jon Kempster, after three years of stand-ins. Following a year in which profits fell almost 60%, Ashley is also making an investor-pleasing forecast of improvements in the pipeline: top-line earnings are predicted to improve 5-15% this year. ...
Mr Kipling maker hit by shoppers' switch to own-label products image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:29:00 AM
....The company has also been hit by rising costs linked to the fall in the pound since the Brexit vote. Premier stuck to its forecasts for the full year, saying it would return to sales growth in the second quarter and post flat sales for the first half. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
....But shares in the retailer closed up nearly 11. 5% at 335p as it announced the appointment of a finance director for the first time since 2013 and forecast that earnings for the year ahead would rise by between 5% and 15%. ...
Shares in Asia head for 10-year high on back of US profit surge image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:19:56 AM
....83 to the dollar early on Thursday. The Bank of Japan ended its two-day policy meeting on Thursday by keeping rates on hold but cut its inflation forecasts again. ...
UK business confidence at lowest point for six years, say forecasters image
. The UK needs to prepare itself for weaker economic performance, two major forecasting groups have said, in the latest studies predicting the downsides of the Brexit vote. ...
Rise in credit card default rate adds to concerns over household finances image
.... This will particularly affect people who only have a small deposit for their house. Howard Archer, the chief economic adviser to forecasting group EY Item Club, said it was crucial that banks acted responsibly at a time when consumer finances were stretched. ...
UK public finances face twin threat from Brexit and downturn, says OBR image
Source : Guardian [Read Article] Thursday 13th of July 2017 12:07:53 PM
. Britain’s public finances are in worse shape to withstand a recession than they were on the eve of the 2007 financial crash a decade ago and face the twin threat of a fresh downturn and Brexit, the Treasury’s independent forecaster has warned. ...
Electric cars to account for all new vehicle sales in Europe by 2035 image
Source : Guardian [Read Article] Thursday 13th of July 2017 11:33:41 AM
....However, ING warned that with battery-powered vehicles accounting for 100% of registrations in 2035 across the continent, European carmakers would lose out to their rivals in the US and Asia who already lead on battery production. The forecast is much more aggressive than most other projections, such as the UK’s National Grid which on Thursday said it expects 90% of new cars in Britain to be electric by 2050. ...
Southern rail: unions say £13.4m fine is ‘less than a slap on the wrist’ image
....”. GTR’s owner, Go-Ahead Group, which operates other rail franchises including Southeastern, said the fine was in line with its forecasts and resolved financial uncertainty. ...
US 'will become one of the world's top gas exporters by 2020' image
Source : Guardian [Read Article] Thursday 13th of July 2017 07:00:01 AM
....But an increase in US gas production over the next five years will cause another revolution as the country begins liquefying and shipping gas to Asia, Europe and the Middle East, the International Energy Agency said. In a report published on Thursday, the IEA forecast the US would generate almost 40% of the rise in global gas output between 2016 and 2022. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
.... For months, the company has been one of the UK stock market’s most shorted companies – meaning that investors have been placing bets on a fall in the company’s share price. The short-sellers have also been motivated by Carillion’s dependence on support services, which account for about 70% of operating profits and an area where companies regularly embarrass themselves with overly optimistic profit forecasts. ...
Electric cars will fuel huge demand for power, says National Grid image
Source : Guardian [Read Article] Thursday 13th of July 2017 04:30:44 AM
....5GW, a smaller amount but still a similar capacity to the new reactors being built at Hinkley Point in Somerset. The forecasts are contained in the grid’s Future Energy Scenarios report, published just days after Volvo said all its new cars would be electric or hybrid from 2019 and France pledged to ban sales of new petrol and diesel cars by 2040. ...
Chancellor needs to find an extra £33bn a year to end austerity, says IFS image
....“It would imply a £17bn boost to planned spending on public services alongside a £5bn net tax cut and an £11bn increase in planned benefit spending – ie a giveaway of £33bn a year. [That] would, on current forecasts, leave us with a deficit at its current level – 2. ...
FCA warns it may intervene as millions take pension cash early image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:33:01 PM
.... Instead, older people are free to do whatever they like with their retirement cash – although those withdrawing large sums may well incur a considerable tax bill. Earlier this year it emerged that the reforms had raised five times more tax for the Treasury’s coffers than was originally forecast, suggesting that people were withdrawing larger sums than expected. ...
Energy networks' £7.5bn windfall 'should be returned to consumers' image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:01:08 PM
....On Wednesday, Ofgem will announce plans for the next set of price controls on energy networks, which will start in the 2020s. The regulator said one question would be whether eight-year periods were a sensible length for the controls, with Citizen’s Advice saying that forecasting interest rates and other variables over such a long time was “an impossible task”. ...
Why a population of, say, 15 million makes sense for Australia image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:54:13 AM
....With Australian female fertility sitting well below replacement level, we can achieve a slow and natural return to a lower population of our choice without any drastic or coercive policies. This can be done simply by winding back the large and expensive program of importing consumers to generate GDP growth – now about 200,000 people a year and forecast to increase to almost 250,000 by 2020. ...
Mark Zuckerberg’s got some cheek, advocating a universal basic income | Sonia Sodha image
.... But while technology has always replaced some jobs, it has also created more than enough new ones. There’s no reason to think the forecasts of today’s utopian dreamers are more accurate than those of their predecessors. ...
Taylor Swift swan frolic prompts huge expansion in sales of inflatables image
....“Pop it in your pool, pose with your pal and hit ‘post’ – you’ll be racking up the likes in seconds!” says Twyman. Sarah Owen, an analyst at the trend forecaster WGSN, said floaties had struck a chord with millennials and generation Z (those born between 1995 and 2000) consumers who are interested in experiences – rather than owning stuff – and religiously document their lives on social media. ...
Ending austerity means increasing taxes or deficit, warns thinktank image
Source : Guardian [Read Article] Saturday 8th of July 2017 07:00:02 AM
....”. The foundation said weaker than expected economic expansion and pay growth this year meant there was a significant risk that the independent Office for Budget Responsibility would downgrade its forecasts for the public finances in the budget. ...
Butter price at all-time high as dairy production curdles image
Source : Guardian [Read Article] Friday 7th of July 2017 11:28:15 AM
.... We know that as an industry. I know that from our forecasting,” Peder Tuborgh said. ...
UK house price fall takes annual growth rate to slowest in four years image
....The average cost of a home fell by 1% over the month to £218,390 according to Halifax, one of the UK’s biggest mortgage lenders. It was the first drop reported by Halifax in five months and surprised economists who had forecast a 0. ...
France to ban sales of petrol and diesel cars by 2040 image
Source : Guardian [Read Article] Thursday 6th of July 2017 01:20:06 PM
....France’s announcement came as Bloomberg New Energy Finance predicted electric cars would come to dominate the automotive market more quickly and dramatically than previously thought. Electric vehicles will make up 54% of all light-duty vehicle sales by 2040, up from the 35% share Bloomberg was forecasting just last year, according to a new report by the research group. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
.... What it’s more likely to do is lead to a cap on rate rises, with no Bank of England governor prepared to risk a meaningful increase in base rate when there is so much uncertainty over the economy during the Brexit negotiations. The central forecast from Nationwide is that house prices will trickle along this year, possibly rising by 2% nationally, with local falls here and there. ...
AB Foods lifted by Primark sales boost image
Source : BBC [Read Article] Thursday 6th of July 2017 08:19:29 AM
....AB Foods said third-quarter revenues were up 13% when exchange rate movements were stripped out, and 20% higher at actual exchange rates. The firm said its results were better than forecast because of "stronger profit delivery from Primark". ...
Massive cyber-attack could cost Nurofen and Durex maker £100m image
Source : Guardian [Read Article] Thursday 6th of July 2017 07:38:33 AM
....”. The Slough-based company now expects like-for-like net revenue in 2017 to increase by about 2%, down from an earlier growth forecast of 3%. ...
Family of four needs 'at least' £40,800 a year, says thinktank image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:01:34 AM
....Campbell Robb, chief executive of the JRF, said: “Struggling families tell us, as well as juggling the bills, it’s things like after-school clubs and swimming lessons that have to be sacrificed to cover the essentials. “With the Bank of England forecasting inflation will increase even higher this year, families are facing no respite. ...
Fuel savers image
Source : BBC [Read Article] Wednesday 5th of July 2017 11:12:32 PM
....He is still in talks with some potential customers, but says that there are many ways in which AI could improve efficiency. Better forecasting of energy demand, for example, could help operators decide when to fire up generators with greater accuracy. ...
Bank of England's Michael Saunders: 'Prepare for higher interest rates' image
....Michael Saunders used a Guardian interview to explain why he had voted for a rate rise last month and to emphasise that it was no longer necessary for Threadneedle Street to keep its foot to the floor with record low borrowing costs. The external member of the monetary policy committee (MPC) said the economy had confounded gloomy forecasts made in the aftermath of the referendum and he warned inflation would climb higher and stay well above the Bank’s target for longer without action. ...
Subway: What's behind the sandwich chain's UK success? image
Source : BBC [Read Article] Tuesday 4th of July 2017 03:32:42 PM
....But it's still only a small consideration, with 86% of consumers saying they buy food on-the-go for practicality or enjoyment, he adds. Food-to-go outlets are forecast to outgrow all other High Street food and drink options, reaching £7bn of sales by 2021, according to grocery specialists IGD. ...
Sainsbury's sales helped by hot weather image
Source : BBC [Read Article] Tuesday 4th of July 2017 07:07:05 AM
.... . The growth was also slightly stronger than expected, with analysts having forecast like-for-like sales to grow 2%. ...
One in seven UK private tenants pays more than half income in rent – study image
.... It emerged last year that 54,581 units of social housing have been sold since David Cameron’s government boosted the discounts in 2012, but work has begun on only 12,472 replacements. The Association of Residential Letting Agents is forecasting that rents will start to rise again in coming months. ...
Channel 4's Bake Off set 'will be product-placement-free' image
Source : Guardian [Read Article] Sunday 2nd of July 2017 02:25:38 PM
....Unfortunately for Channel 4, it is also pitching as economic conditions force companies to tighten their belts, with ad spend often the first expense cut or withheld. Last month Group M, the media arm of WPP, downgraded the forecast for the £4. ...
Horror stories told by central bankers will not end in an interest rate shock image
....The governor of the Bank of Canada joined the frenzy of hawkish comments in an interview that had him saying low rates had “done their job”. Federal Reserve chair Janet Yellen, in London for a speech at the Royal Academy, pledged the US central bank to raising rates in accordance with its stated policy, despite some forecasts showing that recent growth upgrades could prove to be a false dawn. ...
Consumer confidence is lowest since Brexit vote aftermath, survey finds image
....Based on polling of 2,000 people before and after the inconclusive general election, the index hit -10 for June. That was down markedly from -5 in May and worse than forecasts for a -7 reading in a Reuters poll of economists. ...
US growth rate revised higher image
Source : BBC [Read Article] Thursday 29th of June 2017 02:15:41 PM
....Even so, many say growth for the year is all but certain to fall short of the 3% goal outlined by US President Donald Trump. Mr Faucher forecasts growth around 2. ...
Extra £1bn for Northern Ireland will barely dent public finances image
Source : Guardian [Read Article] Tuesday 27th of June 2017 05:04:26 PM
.... Another £350m will be spent on health and education services. Treasury forecasts show the government will spend £802bn this financial year and £817bn in the next. ...
Central banks raise alarm over new crash after steep rise in lending image
Source : Guardian [Read Article] Sunday 25th of June 2017 10:30:27 AM
....He warned that a raft of reforms proposed in the wake of the 2008 crash had yet to be enacted while “new and emerging vulnerabilities” were piling up and adding to the number of risks that need to be tackled. Claudio Borio, the chief economist at the BIS, welcomed a turnaround in global growth over the past year that had “strengthened considerably and [was] forecast to return to long-term averages soon”. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
. The number of properties bought by landlords has almost halved in a year after a tax and regulatory clampdown, prompting a leading banking body to downgrade its forecasts for buy-to-let lending in 2017 and 2018. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
.... The deficit on public finances narrowed in May but is expected to widen this year as Philip Hammond grapples with spending demands in the wake of the election shock. Compared with economists’ forecasts, there was a worse than expected performance in four of the eight categories. ...
Google and Facebook 'will lose millions in ads over extremism fears' image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:14:48 AM
....Sir Martin Sorrell’s GroupM, which buys more than $75bn (£60bn) of advertising space on behalf of clients globally, has slashed its growth prediction for UK digital advertising and has blamed some of the adjustment on an advertiser backlash over the inability of Silicon Valley giants to stop ads appearing around inappropriate content. The latest forecast says that spend on major digital platforms like Google, Facebook and YouTube in the UK – or “pure play” internet advertising, in the industry jargon – will grow by 11% to nearly £10. ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....The economy has slowed dramatically since the start of the year as the prospect of Brexit negotiations unnerved businesses and the lower value of the pound fed through into increased inflation, causing living standards to fall. The chancellor, Philip Hammond, revised the government’s pledge to bring down the deficit in his autumn statement last year when he set a target for a balanced budget by the middle of the next decade, rather than his predecessor’s forecast of 2020. ...
UK economy will slow amid Brexit talks and pay squeeze, warns CBI image
Source : Guardian [Read Article] Monday 19th of June 2017 11:01:49 PM
....Business group the CBI has warned the UK economy will shift down a gear as Brexit talks get under way and households are squeezed by rising prices. However, the cautious outlook was accompanied by an increase in the CBI’s growth forecasts for this year and next, due to a stronger than expected performance in 2016 when the economy defied expectations to grow strongly in the wake of the vote. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
.... This week sees publication of the public borrowing total for May and it is not expected to make pleasant reading. Together with April’s shocker, when government borrowing was higher than the same month last year, the first two months of this financial year are forecast to show the borrowing requirement for the year is on track to be higher, not lower than last year. ...
Record levels of green energy in UK create strange new world for generators image
....However, it is clear that the growth of renewables has made prices a lot spikier than they used to be. As well as low or negative prices during high wind and solar periods, prices can leap very high when wind doesn’t materialise as forecast. ...
Morrisons' indignation over shareholder rebellion is misplaced | Nils Pratley image
.... Furniture and carpet stores have always seemed peculiarly vulnerable to hot weather, cold snaps, late Easters, and most other supposed plagues of the shopkeeping game. All the same, DFS’s warning that it will miss full-year operating profit forecasts – it now expects £82m to £87m compared with £94. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
.... Forbes leaves the MPC later this month and investors are awaiting an announcement on her replacement. Policymakers will provide a fuller update on their thinking when they release quarterly economic forecasts and vote again on interest rates in August. ...
Global oil glut set to continue despite efforts to prop up price image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:26:40 PM
....Growth in oil supply will outstrip growth in demand during 2018, driven by increasing production from US shale and other countries outside Opec, the International Energy Agency (IEA) said. The watchdog said its first forecast for 2018 made “sobering reading for those producers looking to restrain supply”. ...
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Netflix and Amazon 'will overtake UK cinema box office spending by 2020' image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:01:18 AM
....“Demand for internet video shows no signs of slowing down,” said Phil Stokes, UK head of entertainment and media at PwC. However, he warned against forecasting the death of blockbusters or the big screens where they are shown. ...
The fast track to becoming a bricklayer | Brief letters image
Source : Guardian [Read Article] Tuesday 13th of June 2017 07:01:28 PM
.... Now I find myself having to spend at least an hour reading a good third of the paper as it desperately struggles to re-engage with so many of your correspondents who, like me, have obviously despaired at your editorial line. My wife does like Country Diary, Nature notes and the weather forecasts – oh yes, and Michele Hanson. ...
Our leaders have lost touch with reality – just like the banks did | Aditya Chakrabortty image
.... Any questioning of an economic system in which the poor pay for the rich and the rest of the country subsidises London was futile. The fundamental problem here is not the cocksure forecasting, it’s about the failure of understanding – in particular, to understand how much Britain has changed since the banking crash. ...
Bosses are right: political uncertainty will damage the economy | Nils Pratley image
.... They did not materialise, or at least not in the style imagined. The Brexit flunk was a brief affair and the Bank of England and almost every other forecaster was obliged to admit that Armageddon would not be arriving as previously advertised. ...
Bad EU trade deal 'disastrous' for UK jobs, investment and growth image
Source : Guardian [Read Article] Monday 12th of June 2017 01:07:11 PM
....Figures out this week are expected to add further pressure on Theresa May as she fends off criticism of her plans to maintain cuts to government spending and restrict public sector pay. Analysts forecast the UK’s inflation rate will remain at elevated levels under May while wages remain stagnant, forcing ministers to admit that living standards will continue to plummet during the summer and most likely into the autumn. ...
Oil giants need to invest heavily in renewables by 2035, says analysis image
....More than a fifth of investment by the largest oil and gas companies could be in wind and solar power in just over a decade, according to analysis of how global changes in energy will reshape the sector. Slowing demand for oil and forecasts of rapid growth in renewables posed both a threat and and opportunity BP, Shell and Total among others cannot ignore, said research group Wood Mackenzie. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
....Official figures due this week are widely expected to confirm that workers suffered another drop in real pay in April as wage growth weakened further and failed to match rises in living costs. Separate figures for May are forecast to show inflation held at 2. ...
Private schools to save £522m in tax thanks to charitable status image
Source : Guardian [Read Article] Sunday 11th of June 2017 05:06:19 PM
....16bn over the next five years. Extrapolating from the data received from councils, it forecast that £634m would be paid, with £522m saved through the schools’ charitable status. ...
Double whammy for British tourists as pound plunges and prices rise abroad image
....Simon Phillips, of currency exchange firm No 1 Currency, said sterling’s instability was likely to continue in the near future. “I don’t think we are going to see a flat, easy, forecastable sterling-euro or sterling-dollar figure for some time yet,” he said. ...
Clouds gather over UK economy as data points to lacklustre growth image
Source : Guardian [Read Article] Friday 9th of June 2017 03:49:32 PM
. Manufacturing output and broader industrial output made only small gains in April, dashing economists’ forecasts for a rebound for the economy after a slow start to 2017, which has put the UK at the bottom of the European growth league. ...
UK industrial output weaker than expected image
Source : BBC [Read Article] Friday 9th of June 2017 10:05:52 AM
....2% in the month, much lower than the 0. 8% increase forecast by economists. ...
Boohoo co-founder sells £80m in shares as he reveals 'supersite' plan image
....The retailer exceeded expectations for first-quarter sales, which more than doubled to £120m in the three months to 31 May. Boohoo also raised its guidance for full-year sales growth to 60%, from an earlier forecast of 50%. ...
UK economy falls to bottom of EU growth league image
Source : Guardian [Read Article] Thursday 8th of June 2017 05:33:45 PM
....Recent business surveys have suggested the UK economy has picked up some momentum in the second quarter after its slow start to 2017. But with higher inflation weighing on consumer spending, most forecasters expect growth to be lacklustre over 2017 as a whole and even weaker in 2018. ...
ECB forecasts higher growth but keeps rates on hold image
Source : BBC [Read Article] Thursday 8th of June 2017 12:05:28 PM
. The European Central Bank (ECB) has increased its forecasts for economic growth in the eurozone but kept interest rates on hold. ...
China trade healthier than expected image
Source : BBC [Read Article] Thursday 8th of June 2017 08:22:28 AM
. China's exports and imports rose by more than forecast in May, indicating that economic growth remains resilient amid concerns about a slowdown. ...
Electric cars accelerate past 2m mark globally image
Source : Guardian [Read Article] Wednesday 7th of June 2017 01:06:40 PM
....The agency estimates that there will be 140m electric cars by 2030 globally if countries meet the Paris climate deal’s goal of avoiding dangerous temperature rises. Previous forecasts for the growth of the cleaner vehicles has been overly optimistic. ...
Pound V euro: GBP exchange rate against EU strengthens as Tories tipped to win election image
....Meanwhile the euro may tumble on Thursday as the European Central Bank (ECB) gathers for its latest monetary policy meeting. Analysts forecast that the bank will again vote to leave interest rates at 0. ...

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