Posts Tagged ‘analysts’
Morgan Stanley posts 48% fall in Q1 profit
US banking giant Morgan Stanley has today announced first quarter profit fell 48% on an annual basis – primarily due to a $655 million pre-tax loss from its joint venture with Mitsubishi UFJ Financial Group. However, the fall was much less than analysts had forecast and shares rose 3.5% in early trading as a result. [...]
Japanese economy will recover from disasters say analysts
Last week’s earthquake and tsunami which hit Japan are set to cause “considerable” economic impact as the country faces a massive clean-up operation, a potential nuclear meltdown and power shortages. However, analysts have today said the world’s third largest economy will recover later this year. Over the weekend, the Japanese Government spoke of the 8.9 [...]
Government borrowing exceeds £14bn in June
The Office for National Statistics (ONS) has today revealed public sector borrowing totalled £14.5 billion in June.
While the figure was slightly lower than the £14.7 billion seen in June last year, it surprised economists who expected the figure to be around £13.1 billion.
Overall, Government debt stands at £926.9 billion – the equivalent to 63.9% of [...]
RBS posts £3.6bn annual loss
Royal Bank of Scotland (RBS), which is 84% state-owned, has today posted a full-year loss of £3.6 billion.
RBS is the second major UK bank to report its 2009 results. Last week, Barclays announced record profits of more than £11 billion – a 92% rise on the previous year.
However, RBS’ loss is not as bad as [...]
UK retail sales slip due to January snowfall
As expected, the snowy and icy conditions experienced in the UK in January has resulted in a fall in retail sales.
The severe wintry weather drove shoppers away from the High Street and resulted in a 1.8% fall in retail sales – the sharpest drop in 18 months.
The official figures, from the Office for National Statistics, [...]