Posts Tagged ‘outperform’

John Lewis posts another double digit rise in weekly sales

The John Lewis Partnership, which is regarded as a barometer of British retailing, today announced that sales grew 17.7% to £55.1 million in the week to 8 May, compared with the same period a year ago.
The renowned employee-owned department store said colder weather has not deterred shoppers and the firm will continue to outperform its [...]

Morrisons reports slower growth in Q1

Supermarket giant Morrisons has today reported same store sales rose by 0.8% in the 13 weeks to 2 May, much lower than the 6% growth reported in the year to January 31.
Despite the slower sales growth, the Bradford-based retailer said it is outperforming its competitors and industry data shows it remains the fastest-growing of Britain’s [...]

NIESR: UK to see positive growth in Q1

Influential think tank, the National Institute of Economic and Social Research (NIESR), said the UK economy avoided a double-dip recession in the first quarter of 2010 and is expected to see growth of 0.4%.
However, official figures for quarter one GDP will not be published until April 23 but it appears many are optimistic for growth [...]

BoE expected to keep interest rates and QE on hold

The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the 13th consecutive month.
In addition, the Bank is expected not to inject any more money into the economy through its quantitative easing (QE) scheme.
In February, the Bank announced it [...]

UK economy to surge ahead in Q2

The Organisation for Economic Co-operation and Development (OECD) has today said the UK economy will outperform its G7 rivals in the second quarter of 2010.
The forecast comes despite the UK economy lagging behind other major economies and being one of the last to emerge from recession – in the fourth quarter of 2009.
However, the OECD [...]