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 [...]
The UK’s banking reporting season has got off to a flying start today after banking giant HSBC reported profits more than doubled, exceeding analysts expectations.
Europe’s largest bank has today announced a pre-tax profit of $11.1 billion (£7 billion) for the six months to the end of June, compared with $5 billion in the same period [...]
Oil giant Royal Dutch Shell has today announced second quarter profits almost doubled after completing its restructuring programme ahead of schedule.
Shell posted profits of $4.5 billion (£2.9 billion) – a rise of 94% on the $2.3 billion reported a year ago.
The Anglo-Dutch firm, which is Britain’s second largest oil company, has undergone a major a [...]
The Office for National Statistics (ONS) has today revealed UK economic growth for the second quarter today surged ahead by 1.1% – almost double the rate analysts had forecast.
Meanwhile, economic growth rose by 1.6% on an annualised basis – the highest in two years.
The UK is the first G7 country to release its quarter two [...]
Proposed cuts to public spending could see Graduate unemployment surge to record levels, according to the Higher Education Careers Service (HECSU).
The HECSU said Graduates will be badly affected by the cuts since so many of them are recruited in the public sector.
The body said if a fifth of the 39,000 graduates joining the public sector [...]
Struggling Japan Airlines (JAL) has had its credit line doubled to 200 billion yen (£1.3 billion) after an agreement by the Japanese Government today, according to Kyodo news agency.
The extra funding was agreed by Deputy Prime Minister Naoto Kan, Transport Minister Seiji Maehara and other ministers at a meeting this weekend.
A statement said: [...]