Topic filter : Second Quarter

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.... The average sale price in the £2m-£5m bracket fell by 8. 4% in the second quarter compared with a year earlier, according to LonRes. ... [Read full article on Guardian ]
Friday 18th of August 2017 02:39:09 PM
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....Wright, the former chief executive of Southern Water, took over the UK arm of the Danish state-owned Dong in June, shortly after the company sold off its remaining oil and gas business for £1bn to Ineos. Dong announced last week that its operating profits were up by 74% in the second quarter of the year on the back of new windfarms. ... [Read full article on Guardian ]
Sunday 13th of August 2017 04:39:07 PM
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....The overall result was much stronger than expected by the market, as economists had predicted the country would grow by 2. 5% on an annualised basis in the second quarter. ... [Read full article on Guardian ]
Monday 14th of August 2017 02:23:48 AM
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....3% month-on-month, accounting for approximately 16% of all retail spending. B&Q and Screwfix owner, Kingfisher, Europe’s largest home improvement retailer, reported on Thursday that second quarter sales had slumped, driven by a 10. ... [Read full article on Guardian ]
Thursday 17th of August 2017 11:26:01 AM
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.... But Walmart’s figures indicated that Asda’s sales rise had partly been at the expense of profits, with operating income and gross margins down during the quarter. Asda’s president and chief executive, Sean Clarke, said: “Our continued focus on delivering great value and service meant 275,000 new customers chose to shop at Asda in the second quarter, particularly during Easter. ... [Read full article on Guardian ]
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Latest Finance News related to Second Quarter

Global super-rich agreeing to rent luxury London homes without visiting image
Source : Guardian [Read Article] Friday 18th of August 2017 02:39:09 PM
.... The average sale price in the £2m-£5m bracket fell by 8. 4% in the second quarter compared with a year earlier, according to LonRes. ...
Asda returns to sales growth thanks to price cuts and inflation image
Source : Guardian [Read Article] Thursday 17th of August 2017 12:17:23 PM
.... But Walmart’s figures indicated that Asda’s sales rise had partly been at the expense of profits, with operating income and gross margins down during the quarter. Asda’s president and chief executive, Sean Clarke, said: “Our continued focus on delivering great value and service meant 275,000 new customers chose to shop at Asda in the second quarter, particularly during Easter. ...
Rising inflation leads to sales falls in all UK retail sectors apart from food image
....3% month-on-month, accounting for approximately 16% of all retail spending. B&Q and Screwfix owner, Kingfisher, Europe’s largest home improvement retailer, reported on Thursday that second quarter sales had slumped, driven by a 10. ...
Pound V euro: GBP slumps against EUR as UK inflation holds steady image
Source : Daily Express [Read Article] Tuesday 15th of August 2017 11:43:00 AM
....According to data published by Germany’s Federal Statistics Office, the German economy is currently expected to have grown by 0. 6 per cent in the second quarter, the same rate as the start of the year but below economists’ forecasts of 0. ...
Intercontinental Hotel Group flying despite lack of capital - SHARE HUNTER image
Source : Daily Express [Read Article] Monday 14th of August 2017 08:35:00 AM
....Analysts expect steady growth from here. Unfortunately, it’s not all plain sailing, as revenue per available room, or RevPAR as it’s called in the hotel industry, suffered during the second quarter, due to a struggle in the US market as a result of oil prices taking a downwards turn. ...
Japanese economy posts longest expansion in more than a decade image
Source : Guardian [Read Article] Monday 14th of August 2017 02:23:48 AM
....The overall result was much stronger than expected by the market, as economists had predicted the country would grow by 2. 5% on an annualised basis in the second quarter. ...
Rise of electric car solves little if driven by fossil fuels, warns windfarm boss image
....Wright, the former chief executive of Southern Water, took over the UK arm of the Danish state-owned Dong in June, shortly after the company sold off its remaining oil and gas business for £1bn to Ineos. Dong announced last week that its operating profits were up by 74% in the second quarter of the year on the back of new windfarms. ...
Vanishing app: Snapchat struggles as Facebook bites back image
Source : Guardian [Read Article] Friday 11th of August 2017 05:40:23 PM
.... The only problem is that Facebook is crushing all newcomers. In the second quarter of the year, Snap reported that it had 173 million daily active users. ...
Snapchat takes another hit on Wall Street image
Source : Guardian [Read Article] Thursday 10th of August 2017 09:38:31 PM
.... Losses at Snapchat’s parent company have nearly quadrupled in the last three months, the company announced, sending the social media company’s shares to a new low in after hours trading. Snap Inc lost $443m in the second quarter. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
....But this view looks rather less compelling with the passage of a couple of additional quarters. British consumer confidence is down, with spending in the second quarter of this year falling to its lowest level in four years. ...
Paddy Power Betfair blames bad results on bad results image
Source : Guardian [Read Article] Tuesday 8th of August 2017 10:12:14 AM
.... First-half revenue of £827m included a £40m boost from the weakness of the pound since the Brexit vote, which flattered overseas sales. The slowdown in growth reflected a weak second quarter, with revenues down 2%, was partly due to a tough comparable period, with the bookmaker cashing in last year from Euro 2016. ...
Britons shunning two-week holidays in favour of short breaks image
Source : Guardian [Read Article] Monday 7th of August 2017 12:27:00 PM
....10 on Monday. The consultancy Deloitte said its latest research showed holiday spending had risen in the second quarter of this year from the first. ...
Next shares climb 10% on news of online sales surge during heatwave image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:49:40 PM
....1% fall recorded in the first quarter. By comparison its home shopping arm, Directory, which accounts for 40% of sales, had a bumper second quarter, with sales up 11. ...
UK economy is about to surge back to life, says leading forecaster image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:01:30 PM
....NIESR said it was bringing forward the timing of the first increase in interest rates to the first quarter of next year following its more upbeat assessment of the next six months. Previously it forecast that a rate rise would take place after the second quarter of 2019, when Britain had left the European Union. ...
Elon Musk hands over first Tesla Model 3 electric cars to buyers image
Source : Guardian [Read Article] Saturday 29th of July 2017 04:59:50 AM
....Were Tesla to produce, and sell 500,000 cars per year, the company would likely outsell the BMW, Mercedes, or Lexus brands in the United States. Production delays and quality issues marred the launches of Tesla’s Model S and Model X vehicles, and the company blamed production problems for a shortfall during the second quarter of this year. ...
AstraZeneca shares dive after failure in key lung cancer drug trial image
Source : Guardian [Read Article] Thursday 27th of July 2017 07:36:16 AM
.... Lung cancer is seen as the biggest market opportunity. The Mystic setback came as AstraZeneca reported another drop in revenues in the second quarter, hit by a loss of patents on blockbuster medicines such as the cholesterol pill Crestor. ...
Facebook posts $3.89bn quarterly profit, up 71% from last year image
Source : Guardian [Read Article] Wednesday 26th of July 2017 11:45:51 PM
....89bn – up a whopping 71% from the year before. “We had a good second quarter and first half of the year. ...
GSK to cut drug development projects to focus on 'winners' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:36:06 PM
....Walmsley said GSK would make the US its “No 1 priority market” – adding this had nothing to do with Brexit. GSK’s revenues in the second quarter rose 12% to £7. ...
THIS is how much savers are taking from pensions: How do YOU compare? image
Source : Daily Express [Read Article] Wednesday 26th of July 2017 03:42:00 PM
. The typical withdrawal from nest eggs was £9,300 in the second quarter of 2017, official HMRC figures showed. ...
UK film industry on a roll as it helps keep economy growing image
Source : Guardian [Read Article] Wednesday 26th of July 2017 02:44:53 PM
....The 8. 2% surge recorded in the second quarter by the wider film, TV and music sectors – mostly accounted for by the boom in motion picture activity – made it the second largest contributor to the 0. ...
UK suffers 'notable slowdown' as GDP rises by just 0.3% in Q2 2017 - business live image
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UK factory output grows at fastest rate since mid-1990s image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:24:14 PM
....“It’s great to see the benefits from the decline in sterling for UK exporters feeding through. But the flipside is the broader hit to consumer spending power across the economy from stronger inflation, which is likely to have fuelled the slowdown in the economy in the first quarter and is expected to pull down growth in the second quarter. ...
TNT parcels 'backed up to ceiling' in wake of massive cyberattack image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:34:00 AM
.... But the full scale of the attack’s impact and resulting losses to some big businesses are only now starting to emerge. On Monday the consumer group Reckitt Benckiser, the maker of Durex and Nurofen, blamed the same IT attack for a 2% fall in second quarter like-for-like sales. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
.... Growth in services, Britain’s biggest sector, was particularly weak, as consumer-facing businesses including hotels and restaurants were hit by the squeeze on household incomes. The PMIs are tracked for early clues on official GDP figures, and the authors of the reports said that despite weakness in June, the second quarter overall was on track to beat 0. ...
'Britain is fast becoming the sick man of Europe' – experts debate Brexit data image
....Senior economic adviser at the PwC consultancy and member of the Bank’s MPC from October 2006 to May 2011. The evidence from business surveys and other economic indicators is consistent with continued slow growth in the UK economy in the second quarter. ...
Brexit economy: sterling fall hits public finances and fails to boost trade image
....In a period in which business confidence took a hit from the government’s loss of its overall majority in the general election, the Guardian’s monthly tracker found little evidence that the impact of a more competitive currency was offsetting a slowdown in consumer spending caused by dearer imports. The latest data suggests the first official estimate of growth in the second quarter – due on Wednesday – will show a modest pickup from the 0. ...
Number of firms issuing profit warnings falls - but there may be worse to come image
. The number of UK companies issuing profit warnings fell sharply in the second quarter, but experts warned there could be worse to come. ...
Greed is no longer good – bond boom comes to an end image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:00:32 AM
....On Wall Street, Goldman Sachs took the biggest hit. This week the firm reported profits had plunged 40% in the second quarter on its bond, currency and commodities trading desks. ...
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. ...
Cost of UK car insurance leaps 11% to record high image
Source : Guardian [Read Article] Monday 17th of July 2017 11:01:03 PM
....The price paid for comprehensive motor insurance was £462 in the first quarter of 2017. It rose to £473 in April, £480 in May and £498 in June, an average of £484 over the the second quarter. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....Shareholders in companies listed on London’s main market received £33. 3bn in payments during the second quarter of this year, up 14. ...
Low-paid should receive inflation-only rises, say business leaders image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:13:15 PM
....One of the main effects of rising inflation has been to cut disposable incomes, which, along with sluggish wages growth and rising debt levels, has meant the biggest decline in consumer confidence in more than two years, according to the Consumer Tracker report from Deloitte. The quarterly survey of 3,000 people, carried out from 16-18 June, saw overall consumer confidence fall to -10% in the second quarter of 2017, deteriorating from -7% in the first quarter. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
.... Yet for the past few decades, the trend has been unmistakable: less money for investment, more set aside for dividends. In the UK, 2017 is expected to be a record year after analysis by Capita showed that shareholders grabbed north of £33bn in the second quarter. ...
JP Morgan chief blasts US dysfunction: 'It's almost an embarrassment being American' image
....The world’s largest bank reported a profit of $7. 03bn for the second quarter, 13% higher than last year. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
.... A slump in the property market is the fervent wish of young adults and families who see mounting evidence that the longed-for day of reckoning on house prices may, at last, be nigh. London house prices suffered a sharp slowdown in the second quarter of this year, rising at their weakest rate in five years according to Nationwide. ...
Reckitt Benckiser warns of permanent sales hit from cyber attack image
....The attack disrupted manufacturing and ordering systems at the company, whose products include Nurofen and Dettol. Although it had "largely contained" the attack, Reckitt said the disruption meant like-for-like revenue growth in the second quarter would be down 2%. ...
AB Foods lifted by Primark sales boost image
Source : BBC [Read Article] Thursday 6th of July 2017 08:19:29 AM
....Shares in consumer health giant Reckitt Benckiser fell 2% after the company cut its revenue growth forecast as a result of last week's cyber-attack. Reckitt- whose products include Nurofen and Cillit Bang - said like-for-like revenue growth in the second quarter of the year would be cut by 2% as a result of the disruption to manufacturing caused by the attack. ...
Massive cyber-attack could cost Nurofen and Durex maker £100m image
Source : Guardian [Read Article] Thursday 6th of July 2017 07:38:33 AM
....Reckitt Benckiser said it was still assessing the financial impact of the attack on the company. “We expect that some of the revenue lost from the second quarter will be recovered in the third quarter. ...
UK services sector growth hits four-month low amid Brexit fears image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:39:28 AM
....“Although the three PMI surveys are running at levels that are historically consistent with GDP growing by around 0. 4% in the second quarter, it’s clear that the economy heads into the third quarter losing momentum. ...
UK car sales fall in June for third month in a row image
Source : Guardian [Read Article] Wednesday 5th of July 2017 09:54:18 AM
....4m vehicles, which was still the second biggest first half on record. In the second quarter overall, new car sales fell by 10. ...
Household income falling at fastest rate since 1976 as UK savings rates crash image
....4% in the fourth quarter. The only recent parallel for such a prolonged squeeze occurred four decades ago, when a combination of a sterling crisis, pay restraint and public spending cuts agreed with the IMF resulted in real household income falling by around 6% between the fourth quarter of 1976 and the second quarter of 1977. ...
US growth rate revised higher image
Source : BBC [Read Article] Thursday 29th of June 2017 02:15:41 PM
....Policymakers at the time said they did not believe the slowdown in the first quarter was the start of a trend, pointing to one-off factors, including a relatively mild winter. Stronger-than-expected trade figures published Wednesday also led some to predict better growth in the second quarter. ...
London house price growth slows as rest of UK bounces back image
Source : Guardian [Read Article] Wednesday 28th of June 2017 09:37:05 AM
. London house prices suffered a sharp slowdown in the second quarter, rising at the weakest rate in five years and falling behind the rest of the UK according to the latest snapshot of the property market from Nationwide. ...
UK manufacturing soars thanks to weak pound and global recovery image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:55:53 AM
....”. Andrew Wishart, a UK economist at Capital Economics, said UK manufacturing was poised to record a strong performance in the second quarter of 2017. ...
Bosses are right: political uncertainty will damage the economy | Nils Pratley image
.... The government could give the public sector a pay rise, for example, but that may not be enough to shift the dial on real incomes. The second quarter GDP figures may not be affected by the uncertainty since most surveys suggested an improvement from the first. ...
House price growth cools further in May, says Halifax image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:52 AM
....2%. This was only the second quarterly drop since November 2012. ...
Eurozone growth remains fastest for six years, says PMI survey image
....IHS Markit, which compiles the data, said the eurozone's "big two" nations, Germany and France, drove the growth. It also said May's reading adds to evidence that single currency-nations are "enjoying a strong second quarter". ...
Manufacturing 'buoyant' but services slow, surveys find image
Source : BBC [Read Article] Sunday 4th of June 2017 11:05:12 PM
.... . "Despite slower growth [for services] in May, the surveys indicate that the economy has regained some momentum in the second quarter," said IHS Markit economist Chris Williamson. ...
UK manufacturing in healthy shape despite election uncertainty image
Source : Guardian [Read Article] Thursday 1st of June 2017 05:24:04 PM
.... The index (pdf) briefly fell below that watermark after last June’s EU referendum but has now been in growth territory for 10 months. “The strong PMI numbers suggest the manufacturing sector has gained growth momentum in the second quarter after the sluggish start of the year,” said Rob Dobson, a senior economist at survey compiler IHS Markit. ...
UK policymakers face a dilemma over public's slowing demand for credit image
Source : Guardian [Read Article] Wednesday 31st of May 2017 07:17:49 PM
....Now there are signs that the credit habit is returning as almost zero interest rates work their magic again, Easter’s spending is out of the way and wage rises are being outpaced by inflation. Analysts say GDP growth in the second quarter will be higher for this very reason. ...
UK comes bottom of G7 growth league as Canada takes lead image
Source : Guardian [Read Article] Wednesday 31st of May 2017 04:28:02 PM
.... If we continue to get growth numbers like this, absent trade policy risks, it’s going to be tougher for the Bank of Canada to avoid rate hikes at some point in the distance,” Holt said. The Canadian economy also appeared to be on a solid footing going into the second quarter, with growth rising by a better-than-expected 0. ...
Labour’s hope doesn’t usually play well in an age of anxiety image
Source : Guardian [Read Article] Saturday 27th of May 2017 04:00:32 PM
....A deeper look into the figures shows that much of the deterioration in the UK’s net trade position was down to higher import costs, mostly in response to the declining value of sterling – not a fall in exports. Also, business investment rose on an annual basis for the first time in over a year, and the second quarter began with a bit more momentum than previously believed. ...
UK economy slows more than expected as inflation hits spending image
Source : Guardian [Read Article] Thursday 25th of May 2017 09:24:06 AM
....“Should we be concerned? No, the dip is probably temporary,” he said. “With both soft and hard data improving in the second quarter, the quarterly growth rate is likely to rebound to 0. ...
UK economic growth estimate revised down image
Source : BBC [Read Article] Thursday 25th of May 2017 08:49:40 AM
....However, the net trade position weighed on the economy, following an increase in imports. The downward revision to the first-quarter's growth rate came as a surprise, but analysts said there was a good chance the growth rate could recover in the second quarter of the year. ...
Sterling's fall buoys UK manufacturers as export orders rise image
Source : Guardian [Read Article] Friday 19th of May 2017 01:17:38 PM
....UK factories have cashed in on the sharp fall in the pound since the Brexit vote, with export orders at the joint highest level in three and a half years. The stronger than expected findings from a survey by the CBI, the UK business trade body, suggest manufacturers had a decent start to the second quarter, boosting hopes that the sector will help prop up the wider economy as a consumer slowdown takes hold. ...
GM to stop making cars for Indian market image
Source : BBC [Read Article] Friday 19th of May 2017 05:19:34 AM
....The firm is aiming to make significant savings through these steps. "As a result of these actions, GM expects to realise annual savings of approximately $100m (£77m) and plans to take a charge of approximately $500m in the second quarter of 2017," it said in a statement. ...
Election 2017: State pension triple lock battle lines drawn image
Source : BBC [Read Article] Thursday 18th of May 2017 02:32:16 PM
....For example prices, as measured by inflation, are predicted to rise by about 2. 3% in the second quarter of 2020, according to the Bank of England - very close to the 2. ...
UK economy gets boost as service sector growth hits four-month high image
Source : Guardian [Read Article] Thursday 4th of May 2017 11:14:24 AM
.... Costs have risen due to higher crude oil prices and because the pound’s drop since the Brexit vote makes imports more expensive. Chris Williamson, chief business economist at the PMI report compilers, IHS Markit, said the polls for services, construction and manufacturing together pointed to GDP growth accelerating at the start of the second quarter. ...
UK service sector growth picks up in April image
Source : BBC [Read Article] Thursday 4th of May 2017 09:49:29 AM
...."The three surveys collectively point to GDP growing at a rate of 0. 6% at the start of the second quarter," said IHS Markit economist Chris Williamson. ...
Morrisons sales jump as recovery continues image
Source : BBC [Read Article] Thursday 4th of May 2017 07:51:41 AM
....Like-for-like sales, which exclude new store openings, rose 3. 4% in the 13 weeks to 30 April, surpassing the second quarter's 2. ...
Apple reports surprise drop in iPhones sales, again image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 11:06:10 PM
. Apple reported a surprise fall in iPhone sales for the second quarter on Tuesday, suggesting that customers had delayed purchases in anticipation of the 1oth-anniversary edition launch of the company’s core product. ...
China factory output growth slows image
Source : BBC [Read Article] Sunday 30th of April 2017 09:51:37 AM
....Mr Zhao also highlighted increased production of consumer goods and improvements in small business activity as positive signs for the economy. However analysts said growth may slow in the second quarter. ...
Personal insolvencies soar to highest level in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 02:34:07 PM
....7% higher than the same period a year earlier. It was the highest number of individual cases since the second quarter of 2014, according to the Insolvency Service, which published the figures. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
.... . Chris Williamson, chief business economist at IHS Markit, said the trend appeared to have continued into the second quarter. ...
Netflix says opportunity 'gigantic' despite slowing growth image
Source : BBC [Read Article] Monday 17th of April 2017 09:40:50 PM
....In the US, the firm added a third fewer new members than the same period a year ago, while overseas members fell 22%. Netflix blamed the drop partly on shifting some of its popular shows to the second quarter of the year. ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....The Bank’s quarterly survey of lenders showed a net balance of 18. 8% expect to tighten the availability of unsecured credit – money not borrowed against a home – to consumers over the second quarter of 2017. ...

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