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Kiss Flights collapses leaving 13,000 passengers overseas
IATA reports rise in demand for premium tickets
Japanese growth expected to moderate in Q2
Greece’s woes continue as economy contracts further
Australia unemployment rate rises to 5.3% in July
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Kiss Flights collapses leaving 13,000 passengers overseas
Approximately 13,000 British holidaymakers are stranded abroad after budget travel firm Kiss Flights has collapsed. The firm, which operated flights to Greece, Egypt, Turkey and the Canary Islands, is the latest in a long line of travel firms that have...
Published
08-18-2010 8:48 AM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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IATA reports rise in demand for premium tickets
It appears the airline industry is recovering after a devastating time during the recession, which saw a slump in air travel. According to the airline industry body, International Air Transport Association (IATA), the number of passengers purchasing premium...
Published
08-16-2010 5:58 PM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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BAA
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IATA
,
premium
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tickets
Japanese growth expected to moderate in Q2
Official figures out tomorrow are expected to reveal growth in the world’s number two economy slowed in the April to June period. Japan fell into a severe recession following the global financial crisis but was one of the first major economies to emerge...
Published
08-15-2010 6:42 PM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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Greece’s woes continue as economy contracts further
Greece’s statistics agency, Elstat, has today revealed the economy contracted by a further 1.5% in the April to June quarter – suggesting the country’s recession is far worse than originally anticipated. The fall follows the 0.8% decline in...
Published
08-12-2010 6:10 PM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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Elstat
Australia unemployment rate rises to 5.3% in July
Figures today revealed Australia’s unemployment rate rose unexpectedly to 5.3% in July from 5.1% in June. According to the Australian Bureau of Statistics, 24,600 more people were out of work surprising analysts who had expected no change. However, experts...
Published
08-12-2010 8:38 AM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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July
German exports up 29% on year
Germany’s federal statistics office has today reported exports grew 3.8% in June compared with May. On an annual basis, exports were 29% higher and has fuelled hopes that the euro zone’s largest economy grew faster in the second quarter of the year...
Published
08-09-2010 10:57 AM
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Australia continues to put brakes on rate hikes
The Reserve Bank of Australia (RBA) has again elected to leave interest rates on hold at 4.5% after a series of aggressive rate hikes since October. It is the third consecutive month in which rates have been at this level but economists say the central...
Published
08-03-2010 8:38 AM
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British consumer confidence plunges to 11-month low
British people continue to be concerned about the economic outlook after the GfK/NOP Consumer Confidence index fell for the fifth straight month in July. The index fell 3 points to -22 – the lowest reading since August 2009 – when the economy...
Published
07-30-2010 8:57 AM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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July
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11-month low
Massive spending cuts could derail recovery
The Treasury Select Committee has warned that cutting the deficit too quickly could risk pushing the UK back into recession. Since coming to power, the new coalition Government has made cutting the deficit its top priority. However, many leading business...
Published
07-21-2010 10:24 AM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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David Blanchflower
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threat
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Treasury Select Committee
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double dip
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coalition Government
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priority
,
Chancellor George Osborne
,
Geoffrey Dicks
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...
Published
07-20-2010 1:40 PM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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June
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Debt charity warns of impending repossessions rise
A leading debt charity has warned that repossessions could increase, despite a rallying of the UK economy. The Consumer Credit Counselling Service (CCCS) believes that a recovering housing market could make lenders less lenient and more likely to repossess...
Published
07-20-2010 7:35 AM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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Moody’s downgrades Ireland rating to Aa2
Published
07-19-2010 8:18 AM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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National Asset Management Agency
One in three chance of double-dip recession
Britain has a one in three chance of going back into recession before 2012 because of the government’s spending cuts, a Legal & General economist has claimed. James Carrick said the government’s growth forecasts are too optimistic, and...
Published
07-18-2010 11:47 AM
by
Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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Australia revises growth forecast downwards
Australia has today revised its annual growth forecast from 3.25% to 3% due to uncertainty surrounding the global economic recovery. Australia is one of the few developed economies not to have fallen into recession like its counterparts throughout the...
Published
07-14-2010 10:20 AM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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OBR member warns of double dip risk
The massive spending cuts, implemented by the Government, have increased the chance of a double dip recession – according to a senior member of the Office for Budget Responsibility (OBR) – the economic forecasting body. This is the opinion...
Published
07-14-2010 9:47 AM
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Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News
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Geoffrey Dicks
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