Editor's Picks
John Lewis sales continue poor run
Friday 17 Apr 2009
Even Easter failed to prevent John Lewis department stores from racking up a 12th straight week of falling sales, although shoppers flocked to Waitrose supermarkets.
Sony Ericsson to cut 2,000 jobs after loss
Friday 17 Apr 2009
Mobile phone giant Sony Ericsson said it plans to cut another 2,000 jobs after it swung to a quarterly loss.
Almost 1m in negative equity
Friday 17 Apr 2009
The slump in house prices has left 900,000 homeowners in negative equity, according to latest figures from the Council of Mortgage Lenders (CML). Today’s numbers reveal the average shortfall is between £6,000 and £8,000, although nearly 250,000 borrowers have a mortgage worth around £20,000 more than the value of their home.
MPC newboy says worst of recession may be over
Thursday 16 Apr 2009
David Miles, the economist joining the Bank of England’s Monetary Policy Committee in June, has said the worst of the UK recession may be over.
JP Morgan trumps forecasts
Thursday 16 Apr 2009
US bank JP Morgan Chase made a profit of $2.1bn in the first quarter, down 10% on the same time last year but much bigger than analysts had expected. Net income of 40 cents a share trumped forecasts for 32 cents, or $1.38bn, while revenue leapt 48% to $25.03bn. Its investment banking unit turned last year’s $2.4bn loss into a profit of $1.6bn this time.
Retail sales keep falling in March
Thursday 16 Apr 2009
Furniture sales plunged to their worst for at least nine years in March, forcing retail sales down again last month.
Halfords pedals higher on profit outlook
Thursday 16 Apr 2009
Bike and car parts seller Halfords predicts bigger full-year profits despite a dip in fourth quarter sales and plans to shut its chain of stand-alone cycle stores.
Government to give car buyers £5,000
Thursday 16 Apr 2009
The government is to unveil plans to give subsidies of up to £5,000 to car buyers who purchase electric vehicles. The plan is part of a £250m plan to promote low carbon transport. "Less than 0.1% of the UK's 26m cars are electric, so there is a huge untapped potential to reduce emissions," said Transport Secretary Geoff Hoon.
Chinese growth slows, signs of recovery
Thursday 16 Apr 2009
A government report showed that the Chinese economy grew 6.1% in the first quarter, the slowest rate in nearly a decade, but officials said the economy performed better than expected.
SABMiller volumes hit by weakening demand
Thursday 16 Apr 2009
Brewing giant SABMiller reported a 1% drop in lager volumes in the fourth quarter as economic conditions deteriorated and consumer demand fell in most of its markets. Expectations were for a 1% rise. Lager volumes for the full year were 2% ahead of the prior year and level on an organic basis. Soft drinks volumes for the full year grew organically by 5%.
Government to give car buyers £5,000
Thursday 16 Apr 2009
The government is to unveil plans to give subsidies of up to £5,000 to car buyers who purchase electric vehicles. The plan is part of a £250m plan to promote low carbon transport. "Less than 0.1% of the UK's 26m cars are electric, so there is a huge untapped potential to reduce emissions," said Transport Secretary Geoff Hoon. .
Margins under pressure at Bunzl
Thursday 16 Apr 2009
Distribution and outsourcing group Bunzl said deteriorating economic conditions had put pressure on margins and depressed sales in the first quarter of 2009.
Margins under pressure at Bunzl
Thursday 16 Apr 2009
Distribution and outsourcing group Bunzl said deteriorating economic conditions had put pressure on margins and depressed sales in the first quarter of 2009.
Margins under pressure at Bunzl
Thursday 16 Apr 2009
Distribution and outsourcing group Bunzl said deteriorating economic conditions had put pressure on margins and depressed sales in the first quarter of 2009.
Government to give car buyers £5,000
Thursday 16 Apr 2009
The government is to unveil plans to give subsidies of up to £5,000 to car buyers who purchase electric vehicles. The plan is part of a £250m plan to promote low carbon transport. "Less than 0.1% of the UK's 26m cars are electric, so there is a huge untapped potential to reduce emissions," said Transport Secretary Geoff Hoon.
Government to give car buyers £5,000
Thursday 16 Apr 2009
The government is to unveil plans to give subsidies of up to £5,000 to car buyers who purchase electric vehicles. The plan is part of a £250m plan to promote low carbon transport. "Less than 0.1% of the UK's 26m cars are electric, so there is a huge untapped potential to reduce emissions," said Transport Secretary Geoff Hoon.
Government to give car buyers £5,000
Thursday 16 Apr 2009
The government is to unveil plans to give subsidies of up to £5,000 to car buyers who purchase electric vehicles. The plan is part of a £250m plan to promote low carbon transport. "Less than 0.1% of the UK's 26m cars are electric, so there is a huge untapped potential to reduce emissions," said Transport Secretary Geoff Hoon.
Government to give car buyers £5,000
Thursday 16 Apr 2009
The government is to unveil plans to give subsidies of up to £5,000 to car buyers who purchase electric vehicles. The plan is part of a £250m plan to promote low carbon transport. "Less than 0.1% of the UK's 26m cars are electric, so there is a huge untapped potential to reduce emissions," said Transport Secretary Geoff Hoon.
Government to give car buyers £5,000
Thursday 16 Apr 2009
The government is to unveil plans to give subsidies of up to £5,000 to car buyers who purchase electric vehicles.
Chinese growth slows, signs of recovery
Thursday 16 Apr 2009
A government report showed that the Chinese economy grew 6.1% in the first quarter, the slowest rate in nearly a decade, but officials said the economy performed better than expected.
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