Posts Tagged ‘2010’
RBS posts 2010 loss of £1.13bn
Royal Bank of Scotland (RBS), which is 84% owned by the taxpayer, has today reported a net attributable loss of £1.13 billion for the 2010 year. While the loss is down from the £3.6 billion reported for 2009, it was higher than analysts had expected. The results are also a significant improvement on the £24.1 [...]
Hong Kong’s economy performs strongly in 2010
Official figures have today revealed Hong Kong’s economy grew by 6.8% in 2010 – boosted by business ties with mainland China. As a result, Hong Kong’s Financial Secretary John Tsang, expects the economy to expand by between 4% and 5% this year. According to analysts, Hong Kong has been benefiting from an increasing number of [...]
Germany aiming for 3% growth this year
Europe’s largest economy appears to be optimistic after its recent quarterly growth figures, suggesting it is now hoping for 3% growth in 2010. Last week, Germany’s statistics office Destatis, revealed the economy grew by a record 2.2% in the second quarter – the fastest quarterly growth in 20 years. The figures smashed analysts forecasts who [...]
Taylor Wimpey: UK housing market “relatively robust”
Taylor Wimpey has reported “relatively robust” UK housing market conditions over the first half of 2010, having achieved 4,804 legal completions, up slightly from 4,702 a year earlier.
The group sold 3,925 homes to private buyers and 866 to affordable housing providers, with the remainder joint ventures.
Encouragingly, the developer’s cancellation rate scaled back to 16% in [...]