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EnQuest boosts earnings

Posted by: | Posted on: September 4, 2021

first_img Show Comments ▼ KCS-content Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof North Sea oil explorer EnQuest reported a sharp rise in half-year profits and upped its production quota for the year yesterday after its drilling programme beat expectations. Just four months after the firm was formed from the demerged UK unit of Petrofac and Lundin, it saw pre-tax profits soar to $86.2m (£55.3m) from $2.9m a year ago. EnQuest boosts earnings whatsapp whatsapp Tuesday 17 August 2010 7:49 pm Tags: NULLlast_img read more


UK tax boost eases deficit as sales rise

Posted by: | Posted on: September 4, 2021

first_img BETTER-THAN-PREDICTED high street sales and unexpectedly low government borrowing figures gave UK markets a late summer fillip yesterday.Shoppers defied talk of weakening consumer confidence to send the nation’s till receipts up 1.1 per cent between June and July, far ahead of the 0.4 per cent rise pencilled in by economists. The Office for National Statistics said clothes and non-food purchases powered the increase, jumping 4.1 per cent, with internet-based revenues soaring 16.7 per cent.An improving corporate tax haul meant public borrowing levels also caught analysts unawares. The Treasury drew on £3.8bn net funds last month, less than the £5.3bn forecast by institutions and significantly below £6.1bn this time last year. Excluding the cost of bailing out Lloyds Banking Group and Royal Bank of Scotland, overall debt stood at £816.2bn or 56.1 per cent of GDP.The FTSE 100 rose by up to 33.48 points in the morning as investors took heart from the data. But the large cap index fell back to close 91.58 points down at 5,211.29 as a shock leap in US jobless claims to 500,000 sparked a sell-off of risky assets. Markets were additionally spooked by a warning of “daunting” challenges from?America’s fiscal agency.Nonetheless, Simon Ward, chief economist at Henderson Global Investors, said the UK’s healing economy and rising tax-take from companies meant the national deficit was likely to undershoot the Office for Budget Responsibility’s estimate of £149bn for the full year. Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Thursday 19 August 2010 8:59 pm Show Comments ▼ whatsapp KCS-content UK tax boost eases deficit as sales rise Tags: NULLlast_img read more


Burger King hikes profit but warns on jobs

Posted by: | Posted on: September 4, 2021

first_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share KCS-content whatsapp Burger King hikes profit but warns on jobs Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndocenter_img Tuesday 24 August 2010 7:47 pm BURGER King reported higher-than-expected quarterly profit as it kept a tight rein on expenses yesterday.Yet the fast-food chain, which counts the infamous Whopper beefburger among its products, said business would remain under pressure in the new year because of lingering unemployment and government austerity programmes in several European countries.Burger King is more vulnerable to a weak job market than rivals McDonald’s and Wendy’s because a larger share of its customers are young males, a group that has suffered massive job losses in industries like construction and manufacturing.“As we enter fiscal 2011, we anticipate that the challenging consumer environment will continue,” said chief executive John Chidsey.Burger King is attempting to increase its target market by appealing to a higher class of customer where it can, introducing stand-alone “Whopper Bars” in the US which serve premium items. Show Comments ▼ Tags: NULLlast_img read more


Property trust FCPT hires firm to manage portfolio on lower fee

Posted by: | Posted on: September 4, 2021

first_img KCS-content Share Thursday 16 September 2010 8:46 pm Tags: NULL PROPERTY investment trust FCPT has decided to re-hire F&C REIT to manage its portfolio, after considering changing managers in June in the wake of a failed takeover. F&C REIT has lowered its fees in order to retain the contract to manage assets worth £620m, which was thrown into doubt when FCPT owner Ignis failed to convince smaller shareholders of a merger with F&C REIT. People familiar with the deal said other firms had approached FCPT over the summer, but that F&C REIT had been retained without resorting to a beauty parade.FCPT deputy chairman Chris Russell told City A.M. the news should end talk of another takeover bid: “If a deal with this kind commercial logic has failed, then I think today’s agreement must close the door to future approaches in the near term – though you can never say never.” Property trust FCPT hires firm to manage portfolio on lower fee Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp whatsapplast_img read more


Orange JV announces 1,200 jobs will be axed

Posted by: | Posted on: September 4, 2021

first_img KCS-content Orange JV announces 1,200 jobs will be axed whatsapp Show Comments ▼ Thursday 30 September 2010 10:22 pm whatsappcenter_img Share EVERYTHING Everywhere, the tie-up between France Telecom’s Orange and Deutsche Telekom’s T-Mobile in the UK, said yesterday it would cut 1,200 back office and management jobs.The company said the roles were duplicated across the two businesses, which merged in July, and will affect around 7.5 per cent of its 16,000 strong workforce.Everything Everywhere said customer service staff and retail store workers would not be affected.The group, which has nearly 28m customers, has headquarters in London, Hatfield and Bristol.Earlier this week the joint venture said it has completed its merger integration ahead of plan.The firm announced in its second quarter results it has grown its contract customer base by 8.6 per cent year on year. It said Ebitda for the second quarter was £309m, with revenue growing one per cent. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULLlast_img read more


John Lewis sales stalled by strike and sunshine

Posted by: | Posted on: September 4, 2021

first_img RETAILER John Lewis said sales growth slowed last week, as a strike on London Underground and a brief Indian summer meant fewer shoppers in its stores.The employee-owned company, traditionally seen as a bellwether of the UK retail sector but which has outperformed competitors for over a year, said on Friday sales at its 28 department stores and two “at home” stores rose 7.2 per cent to £59.5m in the week to 9 October. That compares with growth of 13.9, 15.1 and 11.7 per cent in the previous three weeks respectively.“The tube strike on Monday (4 October) in London, added to the relatively good weather compared to a year ago, contributed to lower footfall in our shops,” said buying and brand director Peter Ruis.“However, the fantastically strong John Lewis Direct (Internet) sales (up 46 per cent) must give us confidence that consumer spending is still strong despite the potential impact of the upcoming public sector cuts,” he said.A survey on Wednesday said consumer confidence fell in September to its lowest level in a year, while one on Tuesday said retail sales growth halved in the same month, as uncertainty ahead of the government’s October 20 review made shoppers nervous.John Lewis also owns the 234-store Waitrose supermarket chain. Here sales rose 9.6 per cent to £92.8m underlining its status as one of the UK’s fastest growing grocers.Commercial director Mark Williamson said the outcome was boosted by the firm’s “Brand Price Match” campaign, where 1,000 branded lines are price matched with Tesco, Britain’s biggest retailer.Sales were also boosted by consumers eating in on Saturday to watch popular television shows “X Factor” and “Strictly Come Dancing,” with sales of pizza up 30 per cent and Italian ready-meals up 23 per cent. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Friday 15 October 2010 4:44 am whatsapp Sharecenter_img Show Comments ▼ Tags: NULL John Lewis sales stalled by strike and sunshine More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com John Dunne last_img read more


Greece could get 11 years to repay its €110bn debts

Posted by: | Posted on: September 4, 2021

first_imgSunday 28 November 2010 9:24 pm THE EU and the IMF could extend the period in which Greece must repay its bailout loans by five years, to make it easier for it to service its debt, an IMF official has said.“We have the possibility to extend the repayment period… from about six years to around 11,” Poul Thomsen, the IMF official in charge of the Greek bailout, said.Greek, EU and IMF officials have repeatedly mooted the possibility of extending the period in which Greece must repay its €110bn (£93.43bn) bailout loans.But the IMF official was more specific on how the repayment period could be stretched after Greece receives its last instalment in 2013.Most critical are the first two years, when the bulk of the debt to the EU and IMF falls due. Under current repayment schedules, Greece’s gross borrowing needs will balloon above €70bn a year in 2014-15 from around €55bn a year in 2011-2013.“(As things stand now) Greece must repay the bulk of its €110bn loans in the first two years after the programme expires,” Thomsen said.“This (the extension) would give markets the signal: ‘Don’t worry about the repayment of the €110bn, this is not going to affect your claims’,” he added.Greece in May became the first Eurozone member to turn to its partners and to the IMF for help. Share Tags: NULL KCS-content whatsapp Show Comments ▼center_img Greece could get 11 years to repay its €110bn debts whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof last_img read more


Tube strike begins… again

Posted by: | Posted on: September 4, 2021

first_img Share KCS-content whatsapp Show Comments ▼ More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Sunday 28 November 2010 10:05 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldcenter_img Tube strike begins… again A fourth “pointless” underground strike began last night, leaving millions struggling to get to work this morning.The strike, which began at 7pm yesterday, will continue until 7pm tonight, with many services not fully resuming until tomorrow morning.London Underground (LU) officials had hoped to strike an eleventh hour deal with its workers but talks between the two collapsed on Friday. Mike Brown, managing director of LU, branded the strike “pointless and unnecessary,” adding it will “achieve nothing whatsoever”.An LU spokesman said: “We will run as many tube services as we can but some lines may have a restricted service and some stations will be closed. It is not possible to say exactly what services we will be able to run and the situation may change throughout the day.”Unions claim job cuts at underground stations could have a knock-on effect on safety on the tube network. RMT boss Bob Crow said: “It is incredible that LU management would not agree to a 12-week suspension of the cuts to allow a thorough safety evaluation on the impact on each station of their cuts plans.”Icy conditions on roads leading into London are expected to heap further pressure on the already strained transport network.Today’s strike is the fourth this year over job losses at ticket booths. Officials argue fewer staff are needed due to the prevalence of self-service Oyster cards. Last strike London Underground said it kept around 40 per cent of its services running and carried 50 per cent of its usual passenger load. Overall it said 95 per cent of its usual Oyster journeys were carried out across the transport network, with extra busses and boats helping to ease pressure.FAST FACTS | HOW TO BEAT THE TUBE STRIKE● Walk or cycleUnderground bosses are urging people who live in central London to get on their bikes in a bid to ease pressure on the services they are able to maintain. Those living further afield should bear in mind the icy conditions and low temperatures expected throughout the day.● Go by riverExtra boat services will be laid on to give commuters more options. Those coming to and from the City can get boat services from piers including Putney. With the extra traffic expected on the roads, boats will be among the quickest ways of traversing the city. Expect queues.● Avoid the Circle LineThe entire Circle Line is expected to be closed all day, with bosses saying most stops are already covered by other lines.● Take the Northern or District LinesAll Northern Line branches are expected to remain open. District line trains will run between Ealing Broadway and Barking, and between Wimbledon and Barking. There will also be some services to Upminster.● Be wary of the Central LineCentral line LU intends to initially operate a service on the outer sections between Ealing Broadway/West Ruislip and White City and between Epping/Hainault and Liverpool Street.● Check airport transportThe Piccadilly line will not serve the central area but London Underground plans to run a service to Heathrow terminals 1, 2 and 3 from Acton Town.● Avoid driving where possibleExtra traffic will cause jams all day. whatsapp Tags: NULLlast_img read more


RBS sells Uzbek business to South Korea

Posted by: | Posted on: September 4, 2021

first_imgFriday 3 December 2010 6:10 am RBS sells Uzbek business to South Korea whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ Royal Bank of Scotland has agreed to sell the majority of its Uzbekistan operation to the Korea Development Bank today.The deal will see the South Korean bank buy 82.35 per cent of RBS NB Uzbekistan CJSC for an undisclosed amount.RBS Uzbekistan had about $365m (£234m) gross assets at 31 December 2009.The sale should complete in the second quarter of next year, subject to regulatory approvals. The deal is the latest in a number of asset sales by RBS in line with its five-year turnaround plan, to restructure the bank and dispose of non-core assets to return it to normal functioning. Earlier this week it also announced the sales of its Global Merchant Services business, to a private equity consortium, and assets held by its commodities trading joint venture, RBS Sempra Commodities. center_img alison.lock whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more


Winter freeze knocks retail sales growth

Posted by: | Posted on: September 4, 2021

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Share HIGH street spending took a severe hit from last month’s snow, the British Retail Consortium (BRC) confirmed today.Like-for-like sales in December dropped by 0.3 per cent on the previous year, the group reported, although for the whole of 2010 these sales increased by 0.8 per cent.“The unusually early winter weather made a difficult Christmas worse,” said the BRC’s head Stephen Robertson. “Catch up shopping gave a big boost in the week just before Christmas and the post Christmas clearances were strong,” he said, “but neither was enough to replace every sale lost earlier in the month.”In December 2009 retail sales shot up by 4.2 per cent on the previous year. Total sales, which include new stores and expansion in shop floor space, were up 1.5 per cent last month – yet this was the weakest monthly rise since April.The announcement was mirrored by figures from Visa, which showed a slowdown in sales growth for the final quarter of the year.“Sales growth was modest during the crucial pre-Christmas period, a situation exacerbated by poor weather conditions,” Visa reported.Consumer spending growth slowed to 2.6 per cent in the final quarter of 2010, Visa found, down from 6.9 per cent in the three months to September.However, consumer spending in 2010 still surpassed pre-recession levels, they said. “This is the sixth successive quarter where there has been an increase in consumer spending. The figures suggest that we have avoided a double dip recession,” added Dr Steve Perry of Visa Europe.Online sales were originally boosted by December’s bad weather, the BRC found, yet suffered later in the month as consumers feared they would not receive goods in time for Christmas.December’s non-store sales increased by 18 per cent on the previous year, yet this was virtually the same as November’s increase, simply reflecting a long term rise in internet purchases.Christmas in 2009 had seen a 26.5 per cent jump in online sales compared to the previous year. whatsapp Winter freeze knocks retail sales growth whatsapp Show Comments ▼center_img KCS-content Monday 10 January 2011 7:44 pm Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comlast_img read more