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. Troubled Royal Bank of Scotland has reported its first quarterly profit since the third quarter of 2015. ... [Read full article on BBC ]
Friday 28th of April 2017 06:26:06 AM
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....The economy shrugged off the shock of the Brexit vote last June and has been surprisingly resilient, with growth rates of 0. 5% in the third quarter of 2016 and 0. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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.... That’s 42% lower year-on-year”. Nationwide’s buy-to-let subsidiary, TMW, said in February its third quarter 2016-17 lending to landlords had fallen to £0. ... [Read full article on Guardian ]
Saturday 22nd of April 2017 05:59:06 AM
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....Shares in Royal Bank of Scotland were having a better day, rising 1. 7%, after it reported its first quarterly profit since third quarter of 2015. ... [Read full article on BBC ]
Friday 28th of April 2017 11:29:13 AM
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....The bank, 73% owned by the taxpayer, reported a £259m profit in the first quarter of 2017. The last time it turned quarterly profit was the third quarter of 2015. ... [Read full article on Guardian ]
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Latest Finance News related to Third Quarter

RBS and Lloyds IT faults cause online banking frustrations image
Source : Guardian [Read Article] Friday 28th of April 2017 03:24:55 PM
....Millions of Royal Bank of Scotland and Lloyds Banking Group customers have had difficulty accessing their accounts after the banks suffered IT meltdowns before the long weekend. On Friday, when RBS was trying to focus on its first quarterly profit since the third quarter of 2015 and Lloyds on the news that the taxpayer’s shareholding had fallen to below 1%, both banks instead faced questions about their digital operations. ...
Barclays pulls FTSE 100 lower image
Source : BBC [Read Article] Friday 28th of April 2017 11:29:13 AM
....Shares in Royal Bank of Scotland were having a better day, rising 1. 7%, after it reported its first quarterly profit since third quarter of 2015. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
....The bank, 73% owned by the taxpayer, reported a £259m profit in the first quarter of 2017. The last time it turned quarterly profit was the third quarter of 2015. ...
RBS reports first quarter profit as turnaround continues image
Source : BBC [Read Article] Friday 28th of April 2017 06:26:06 AM
. Troubled Royal Bank of Scotland has reported its first quarterly profit since the third quarter of 2015. ...
Buy-to-let slump puts first-time buyers in the driver’s seat image
Source : Guardian [Read Article] Saturday 22nd of April 2017 05:59:06 AM
.... That’s 42% lower year-on-year”. Nationwide’s buy-to-let subsidiary, TMW, said in February its third quarter 2016-17 lending to landlords had fallen to £0. ...
Burberry shares dive despite sales rise image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:32:28 AM
.... . Like-for-like retail sales, which strip out stores open for less than a year, rose by 3% in the third quarter, but by only 2% in the final quarter up to 31 March. ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
.... While it has some overseas manufacturing plants, all of the wheat that goes into Weetabix biscuits is grown within 50 miles of its base in Burton Latimer. The deal is expected to complete in the third quarter of 2017 and gives Post access to the UK market through an established brand, as well as an opportunity to find new markets for its own brands, including protein shakes and bars. ...
Toshiba warns over its survival as it forecasts £7bn losses image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:36:52 PM
....Toshiba, one of the biggest names in consumer electronics, has warned it is facing annual losses of more than £7bn and the future of the company is in doubt as a result of financial turmoil at its nuclear power plant construction business. The Japanese company finally released third quarter results, after twice delaying publication while auditors attempted to quantify the scale of the problems at Toshiba’s US nuclear engineering subsidiary Westinghouse, which filed for bankruptcy last month. ...
Weak productivity leaves UK trailing other G7 nations image
Source : Guardian [Read Article] Wednesday 5th of April 2017 11:19:49 AM
....4% in the final three months of 2016, up from 0. 2% in the third quarter, the fourth successive increase. ...
US fourth-quarter growth rate revised up image
Source : BBC [Read Article] Thursday 30th of March 2017 12:51:24 PM
....Consumer spending, which accounts for around two-thirds of US economic activity, was stronger than initially thought, the report showed. But the economy still slowed from third quarter growth of 3. ...
Johnston Press announces £300m pre-tax loss image
Source : BBC [Read Article] Thursday 30th of March 2017 07:28:23 AM
....This was most notable in job advertising, mainly by small and medium-sized enterprises, and down 27%. Johnston Press believes the sharp fall in the third quarter of last year was due to uncertainty following the Brexit referendum. ...
UK nuclear plans could be hit by Westinghouse financial crisis image
Source : Guardian [Read Article] Tuesday 28th of March 2017 06:47:55 PM
.... Within days the UK nuclear regulator is expected to approve a “generic design assessment” for the AP1000, the end of a four-year approval process. This year Toshiba has twice delayed publishing its financial results for the third quarter of 2016, which will reveal the scale of the impairment it faces with regards to CB&I Stone & Webster. ...
Australia goes 25 years without recession image
Source : BBC [Read Article] Wednesday 1st of March 2017 02:18:44 AM
....It brings the country close to breaking the Netherlands' record of modern-era uninterrupted economic growth. Australia's economy had contracted in the third quarter but the surprise 1. ...
UK inflation is forecast to come in shy of Bank of England's 2 per cent target image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:00:00 AM
....Strong consumer spending helped power growth in the final months of last year, with GDP expanding by 0. 6 per cent in the fourth quarter, in line with the second and third quarters. ...
Mortgage affordability unchanged despite rising house prices, report finds image
Source : Daily Express [Read Article] Friday 3rd of February 2017 12:00:00 AM
....Halifax said the percentage had remained at 30 per cent, despite house prices going up, due to a further dip in mortgage rates during 2016. The average percentage of borrowers' incomes taken up by mortgage payments is well below peak of 48 per cent reached in the third quarter of 2007. ...
TalkTalk hoping for rapid results as Dunstone gets his hands dirty image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:29:32 PM
....An optimist would make two points. First, TalkTalk seems more stable after last October’s “simpler” tariffs and rejig of contracts: the third quarter update said full-year operating profits will be as previously advertised, meaning around the £320m mark. ...
TalkTalk chief executive Dido Harding to step down image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:40:12 AM
....The previous highest fine ever issued by the Information Commissioner’s Office was £350,000, against Prodial, a spam-calling company responsible for more than 46m automated nuisance calls. TalkTalk’s results for the third quarter of its financial year, the three months to the end of December, were in line with analyst expectations. ...
Sony takes $1bn writedown on film division image
Source : Guardian [Read Article] Tuesday 31st of January 2017 11:24:34 AM
.... announced that a goodwill impairment charge for the pictures segment of ¥112. 1bn (approximately $962m) was recorded as an operating loss in the third quarter ending 31 December 2016. ...
UK GDP figures show solid end to 2016 despite Brexit vote image
Source : Guardian [Read Article] Thursday 26th of January 2017 03:13:11 PM
....4%, after three quarters of decline. The head of GDP at the ONS, Darren Morgan, said: “Strong consumer spending supported the expansion of the dominant services sector and although manufacturing bounced back from a weaker third quarter, both it and construction remained broadly unchanged over the year as a whole. ...
UK manufacturers upbeat as weak pound boosts exports image
Source : Guardian [Read Article] Wednesday 25th of January 2017 12:38:03 PM
....The CBI said the impact of sterling’s fall had been mixed. Domestic prices had risen at an above-average pace for the third quarter in succession, but competitiveness in EU and non-EU markets had seen a marked improvement. ...
UK Christmas retail: the winners and losers image
Source : Guardian [Read Article] Thursday 12th of January 2017 01:23:56 PM
Record Christmas at Sainsbury’s 'shows logic of Argos takeover' image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:29:40 AM
....5% in the quarter compared with a 1% fall in the previous six months. Britain’s second largest supermarket chain said online groceries, convenience stores, clothing and other non-food performed strongly in the third quarter. ...
Sainsbury's reports record Christmas sales of more than £1bn image
Source : BBC [Read Article] Wednesday 11th of January 2017 07:30:30 AM
....Argos, which Sainsbury's bought last year, had strong sales over Christmas and Black Friday. It reported a rise in third quarter like-for-like sales of 4%. ...
Aldi reports record Christmas sales image
Source : BBC [Read Article] Monday 9th of January 2017 12:05:48 AM
....Andrew Wade, from Numis Securities, thinks that M&S could report sales growth in clothing and homewares of 1%. "M&S performed so poorly in clothing and homewares through the third quarter last year, we see a good possibility that the division reports a small positive LFL [like-for-like] outcome this time," he said. ...
Consumer spending slowed over Christmas period, Visa figures show image
Source : Guardian [Read Article] Monday 9th of January 2017 12:01:01 AM
....New analysis from the TUC found that household debt rose sharply over 2016, with unsecured debt – that other than mortgages – reaching new highs. The TUC said weak wage growth had left more families reliant on borrowing to support their living standards, and that unsecured debt per household rose to £12,887 in the third quarter of 2016, a £1,117 increase on a year earlier. ...
Good Christmas? M&S set to surprise as retailers reveal festive sales image
Source : Guardian [Read Article] Sunday 8th of January 2017 02:14:45 PM
.... Major supermarkets Morrisons and Tesco, as well as department store chain John Lewis, are expected to have weathered the storm but groups exposed to a tough clothing market and a steep decline in high street shoppers have suffered. After only one Christmas in charge, M&S chief executive Steve Rowe is expected to report a small increase in like-for-like clothing sales in the third quarter aided by the inclusion of extra sale trading days in the period. ...
No one can afford to stop the new consumer credit crisis image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:05:11 AM
....Threadneedle Street has a second point to make, which is that banks can cope with the debts after years spent shoring up reserves, and a third line of defence, which highlights the lower cost of servicing outstanding debts. Also, the most recent figures show the stock of unsecured credit equalled around 15% of households’ disposable incomes in the third quarter, well below the peak of 21. ...
Why has the UK economy defied predictions of doom? image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:09:46 PM
Cuadrilla starts work on Lancashire fracking site image
Source : Guardian [Read Article] Thursday 5th of January 2017 11:06:04 AM
.... Over the next three months, it will establish a well pad and site in what is currently a field, the size of a rugby pitch, in the Lancashire countryside. Drilling is expected to begin in the spring, with fracking in the third quarter of the year. ...
UK services sector grows at fastest pace for more than a year image
Source : Guardian [Read Article] Thursday 5th of January 2017 10:56:43 AM
....5% in the final quarter of 2016, only a slight slowdown from 0. 6% in the third quarter and confounding forecasters who had predicted growth would grind to a halt before the end of the year because of Brexit worries. ...
UK economy ends 2016 on high – but rising import prices starting to bite image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....It said most firms in the manufacturing and services sectors were confident their turnover would improve, that job opportunities would grow and investment in plant and machinery would improve in the next year. Manufacturers were the biggest beneficiaries from the fall in sterling according to the survey, which found that a similar balance of firms reported a rise in exports, +16%, as in the third quarter. ...
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
.... Sentiment started to recover when the economy proved more resilient than expected in the months following the vote, with growth of 0. 6% in the third quarter matching the rate in the second quarter. ...
Business as usual for UK economy – but where will it go in 2017? image
Source : Guardian [Read Article] Friday 23rd of December 2016 11:30:41 AM
.... The expectation of the Bank of England, the International Monetary Fund, the Treasury and the Organisation for Economic Cooperation was that a vote to leave the EU would result in instant economic carnage. Threadneedle Street predicted that the economy would barely grow in the third quarter. ...
UK GDP growth better than expected in Brexit vote aftermath image
Source : Guardian [Read Article] Friday 23rd of December 2016 09:52:37 AM
....Britain’s economy grew faster than previously thought in the three months after the EU referendum, underlining the miscalculations by the Treasury and other forecasters who predicted that the UK would suffer a recession following a vote for Brexit. Official figures showed GDP growth in the third quarter rose by 0. ...
UK hits clean energy milestone: 50% of electricity from low carbon sources image
Source : Guardian [Read Article] Thursday 22nd of December 2016 03:06:26 PM
....Half of the UK’s electricity came from wind turbines, solar panels, wood burning and nuclear reactors between July and September, in a milestone first. Official figures published on Thursday show low carbon power, which has been supported by the government to meet climate change targets, accounted for 50% of electricity generation in the UK in the third quarter, up from 45. ...
US economic growth revised even higher image
Source : BBC [Read Article] Thursday 22nd of December 2016 02:06:48 PM
....9%. The rate of growth in the third quarter was the strongest for two years. ...
BT tops UK broadband complaints list image
Source : BBC [Read Article] Tuesday 20th of December 2016 12:20:17 PM
. BT's broadband services received the most complaints during the third quarter of 2016, show figures from regulator Ofcom. ...
BT, Plusnet and EE top broadband complaints list image
Source : Guardian [Read Article] Tuesday 20th of December 2016 11:50:55 AM
. BT, Plusnet and EE were the most complained about broadband providers in the third quarter of 2016, figures from Ofcom show. ...
Uber makes losses despite surge in revenues, reports say image
Source : Guardian [Read Article] Tuesday 20th of December 2016 08:42:50 AM
....5bn fundraising effort earlier this year but has remained secretive about its financial performance. People familiar with the matter said Uber had lost $800m in the third quarter and $2. ...
Lloyds Bank buys MBNA credit card firm for £1.9bn image
Source : BBC [Read Article] Tuesday 20th of December 2016 07:29:36 AM
....The price paid by Lloyds assumes £240m to cover claims for mis-selling payment protection insurance (PPI). Lloyds set aside an extra £1bn in October for PPI mis-selling as it revealed that pre-tax profits had fallen 15% in the third quarter to £811m. ...
Abu Dhabi becomes a top BP shareholder image
Source : BBC [Read Article] Sunday 18th of December 2016 12:42:36 PM
....In Abu Dhabi it owns stakes in several oil and gas operations, including a 15% interest in offshore oil and gas fields. In November BP blamed the falling price of oil for a near 50% fall in third quarter profits. ...
UK interest rates are going nowhere in 2017 image
Source : Guardian [Read Article] Thursday 15th of December 2016 01:22:56 PM
.... It wonders how long consumers will continue to spend so freely once rising inflation starts to affect living standards. It thinks the unexpected increase in investment in the third quarter was a flash in the pan. ...
Retail sales rise thanks to Black Friday boost in November image
Source : Guardian [Read Article] Thursday 15th of December 2016 11:33:01 AM
....”. Chris Williamson said it was understandable that retailers would feel buoyant after they enjoyed the strongest three-month spell of growth for almost two years in the third quarter, but figures for October and November showed “cracks may be appearing in the willingness of consumers to keep spending in the face of rising prices and wider financial worries”. ...
Retail sales rise on Black Friday discount boost image
Source : BBC [Read Article] Thursday 15th of December 2016 09:48:44 AM
....However, he warned that falling construction output and industrial production could prevent GDP reaching the 0. 5% growth recorded in the third quarter of the year. ...
This is a true age of uncertainty for the world economy | Barry Eichengreen image
Source : Guardian [Read Article] Wednesday 14th of December 2016 02:55:00 PM
.... Meanwhile, efforts to rebuild the Bretton Woods international monetary system had collapsed, casting a shadow over prospects for international trade and global economic growth. For all these reasons, the golden age of stability and predictability that was the third quarter of the 20th century seemed to have abruptly drawn to a close, to be succeeded by a period of greatly heightened uncertainty. ...
Housebuilder Bellway restarts land purchases image
Source : Guardian [Read Article] Tuesday 13th of December 2016 09:47:22 AM
....The update from Bellway is the latest sign that British consumers have so far shrugged off uncertainty arising from the Brexit vote. Consumer spending continued to be a key driver of economic growth in the third quarter of 2016. ...
UK's current GDP growth rate won't last, warns business body image
Source : BBC [Read Article] Monday 12th of December 2016 12:01:34 AM
....However, it said, business optimism was continuing to fall, and it expected "a bumpy road ahead in 2017 for British businesses and the economy". The BCC said its upgraded growth forecast for this year was driven by the stronger-than-expected performance of the economy in the third quarter when the economy grew by 0. ...
UK trade gap narrows despite fears of Brexit slowdown image
Source : Guardian [Read Article] Friday 9th of December 2016 11:40:23 AM
....“Given the steep fall in sterling, one would have expected this to be the other way round, with exports rising and imports falling,” said Chris Williamson, chief business economist at the consultancy IHS Markit. ONS statistician Hannah Finselbach echoed that: “Following the EU referendum the UK trade deficit widened in the third quarter of 2016 and then in October it narrowed again,” she said. ...
UK trade deficit narrows in October image
Source : BBC [Read Article] Friday 9th of December 2016 10:38:11 AM
....8bn from £5. 2bn previously, while the deficit for the third quarter of the year widened to £14. ...
Japan's third-quarter growth rate revised down sharply image
Source : BBC [Read Article] Thursday 8th of December 2016 11:01:36 AM
. Japan's economy grew much slower than initially estimated in the third quarter of the year, figures have revealed, as business investment fell. ...
UK industrial production falls at worst rate in four years image
Source : Guardian [Read Article] Wednesday 7th of December 2016 11:47:24 AM
.... The economy was stronger than expected in the months immediately after the Brexit vote in June, growing by 0. 5% in the third quarter. ...
UK manufacturing falls in October, ONS figures show image
Source : BBC [Read Article] Wednesday 7th of December 2016 10:21:58 AM
...."With much of the latest survey evidence being decent and retail sales surging in October, we had believed that there was a good chance that UK GDP growth in the fourth quarter could match the resilient 0. 5% quarter-on-quarter achieved in the third quarter," said Howard Archer, chief UK and European economist at IHS Global Insight. ...
UK service sector recovers after Brexit dip but inflation looms image
Source : Guardian [Read Article] Tuesday 6th of December 2016 06:01:04 AM
....5% in the final three months of the year based on the service sector report and its polls of the smaller construction and manufacturing sectors last week. That would match the pace of GDP growth in the third quarter and defy economists’ post-referendum warnings of a sharp slowdown this year. ...
UK service sector growth 'continues to strengthen' image
Source : BBC [Read Article] Monday 5th of December 2016 10:35:41 AM
.... Combined with previous surveys of the manufacturing and construction sector, IHS Markit forecasts that the economy as a whole will grow by 0. 5% in the last three months of 2016, the same rate as in the third quarter. ...
Brexit vote dents British demand for Spanish property image
Source : Guardian [Read Article] Friday 2nd of December 2016 03:17:29 PM
....The number of homes in Spain sold to British buyers has slumped since the Brexit vote and the fall in the value of the pound. Sales in the third quarter of this year declined 16% after steadily increasing since 2011. ...
US unemployment rate falls to nine-year low image
Source : BBC [Read Article] Friday 2nd of December 2016 01:33:12 PM
....Recent figures indicated that the US economy grew at an annual pace of 3. 2% in the third quarter of the year. ...
UK construction activity grows but costs hit five-year high image
Source : Guardian [Read Article] Friday 2nd of December 2016 10:32:05 AM
....Order books also improved at the fastest pace for eight months and construction firms hired new workers to match the rising demand. Tim Moore, a senior economist at IHS Markit, said the sector had continued to recover from a slow third quarter. ...
Pebble smartwatch users fear 'Fitbit takeover' image
Source : BBC [Read Article] Thursday 1st of December 2016 05:13:52 PM
.... . Its shares are down 71% so far this year, though, after investor concerns about the Blaze and an underwhelming reaction to its third quarter results. ...
US economic growth revised up for third quarter image
Source : BBC [Read Article] Tuesday 29th of November 2016 03:22:50 PM
. Strong consumer spending helped the US economy to grow faster than previously estimated in the third quarter. ...

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