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Tag Archives: growth

UK economic growth slow dramatically, latest survey suggests

LONDON: Britain’s economy is losing momentum, knocked by weaker household spending and worries about the global outlook, according to the latest in a string of downbeat business surveys. Business activity grew at the slowest pace for more than two years in Britain’s dominant services sector last month, according to the closely watched Markit CIPS PMI report. The authors said it ... Read More »

Emakina Group sales rise by 20%, operating margin up 50% in first half of 2015

BRUSSELS: Emakina Group published its results for the first half of 2015. Compared with the first half of 2014, consolidated sales rose by 20%, and earnings before interest, taxes, depreciation and amortisation are up by 49%. Consolidated net profit (excluding goodwill amortisation) amounts to EUR 1,067,684 compared with EUR 129,115 last year. This performance is mainly due to the growth of ... Read More »

Germany growth to remain strong in H2

BERLIN: German growth will remain strong in the second half of this year on rising consumption and growing exports but the global outlook is clouded by the increasing risk of a big economic slowdown in China, the Bundesbank said here the other day. The upbeat outlook comes after Germany, Europe’s biggest economy, reported solid but unspectacular growth figures on Friday, ... Read More »

Italian service-sector growth slows in July, growth reaches 12-month high

ROME: Italy’s services expanded more slowly in July than in June, when growth reached a 12-month high, a survey showed on Wednesday, as the euro zone’s third-biggest economy slowly emerges from a three-year slump. The Markit/ADACI Business Activity Index for services companies fell to 52.0 from 53.4 in June, remaining above the 50 mark that separates growth from contraction for ... Read More »

Italian service-sector growth slows in July, growth reaches 12-month high

ROME: Italy’s services expanded more slowly in July than in June, when growth reached a 12-month high, a survey showed on Wednesday, as the euro zone’s third-biggest economy slowly emerges from a three-year slump. The Markit/ADACI Business Activity Index for services companies fell to 52.0 from 53.4 in June, remaining above the 50 mark that separates growth from contraction for ... Read More »

Infosys eyes growth in Ireland with AIB partnership deal

DUBLIN: Leading provider of consulting, technology, outsourcing and next-generation services, Infosys Ltd. (INFY – Analyst Report) recently forayed into the Republic of Ireland, where the company plans to make noteworthy investments, going forward. In particular, the India-based technology giant has been selected by financial services group Allied Irish Banks, p.l.c. (“AIB”) to serve as its strategic partner.s Per the agreement, ... Read More »

South Africa Slow growth hits local industries, Turnover estimates R1.95t

CAPE TOWN: Slowdown in economic growth in the first quarter hit local industries hard, with official data showing on Tuesday that the total turnover they generated fell over the period. South African industries recorded an estimated total turnover of R1.95-trillion, a 5.2% decline compared with R2.06-trillion in the fourth quarter of last year, Statistics SA’s quarterly financial statistics (QFS) showed. ... Read More »

UK 300 business leaders forum hears about stability, growth in PNG

LONDON: More than 300 business leaders, from Britain, continental Europe and the United States, converged on the forum to be briefed on investment opportunities and economic growth in PNG. In his keynote address to the forum, Mr O’Neill said PNG offers them stability, responsible management and growth. He said that underpinning PNG’s recent economic growth are core policies that relate ... Read More »

South Africa’s GDP growth gradually rises 2.1% to 2.8% by 2017

CAPE TOWN: South African GDP expected to chive a growth of 2.1% in 2015, gradually rising to 2.8% by 2017, based on incremental increases in electricity generation capacity, rising consumer demand, and a slight rebound in net exports. “However, this follows relatively slow growth of 1.5% in 2014, and it continues to highlight a prolonged period of low growth for ... Read More »

South Africa’s GDP growth rise gradually up to 2.1% to 2.8% by 2017

CAPE TOWN: South African GDP expected to chive a growth of 2.1% in 2015, gradually rising to 2.8% by 2017, based on incremental increases in electricity generation capacity, rising consumer demand, and a slight rebound in net exports. “However, this follows relatively slow growth of 1.5% in 2014, and it continues to highlight a prolonged period of low growth for ... Read More »

UK predicted growth of 2.4 and 2.5% in 2015 and 2016 respectively

LONDON: The Confederation of British Industry, a leading employers group, cut its forecast for UK economic growth but said the government should not delay its push to fix the public finances. The CBI predicted growth of 2.4 and 2.5 percent in 2015 and 2016 respectively, down from forecasts of 2.7 and 2.6 percent it made in February, echoing cuts to ... Read More »

Hungary’s economy growth to remain 3% in 2015 to 2.2% in 2016

BUDAPEST: Hungary’s GDP growth is expected to remain strong white slowing from 3% in 2015 to 2.2% in 2016 due to waning stimulus of consumption and investment, OECD said in a forecast published today. OECD, therefore, revised its earlier projection in November 2014, when it foresaw 2.1% GDP growth for 2015 and 1.7% growth for 2016. Hungarian government debt-to-GDP ratio ... Read More »

Polish GDP growth to continue upward at 3.7% in 2016

WARSAW: Poland’s economic growth will likely accelerate to 3.7% year on year in 2016 from 3.5% expected in 2015, OECD’s June forecasts showed. Polish growth will be mainly driven by private consumption. “The labor market situation will continue to improve, while exports will benefit from improvement in international trade and faster growth in the euro zone,” the report reads. Consumer ... Read More »

UK growth forecast cut to 2.3% by leading business group

LONDON: The UK’s growth forecast for this year has been cut from 2.7 per cent to 2.3 per cent by a leading business group today. The British Chamber of Commerce has warned that that the UK’s economy is a ticking ‘timebomb’ thanks to a surging trade deficit. After a slow first quarter, the BCC downgraded the growth rate, but said ... Read More »

Denmark’s economic growth slows down to 0.4% in Q1-2015

COPENHAGEN: Denmark’s economy grew at a slightly slower pace last quarter after consumers reined in their spending and as investments fell. Gross domestic product grew 0.4 percent in the first quarter from 0.5 percent in the fourth, the statistics office in Copenhagen said on Friday. Consumer spending grew 0.7 percent, compared with 1.2 percent in the three months through December. ... Read More »

Denmark’s economic growth slows down to 0.4% in Q1-2015

COPENHAGEN: Denmark’s economy grew at a slightly slower pace last quarter after consumers reined in their spending and as investments fell. Gross domestic product grew 0.4 percent in the first quarter from 0.5 percent in the fourth, the statistics office in Copenhagen said on Friday. Consumer spending grew 0.7 percent, compared with 1.2 percent in the three months through December. ... Read More »

Poland’s Getin net profits growth increase by 42% in Q1 of 2015

WARSAW: The Ministry of Finance canceled the treasury bonds tender scheduled for Thursday due to “negative impact of the circumstances occurring in international markets on the Polish debt market,” the ministry informed. The total value of the bonds ranged PLN 3-5 billion. “Calling off today’s tender is the result of a negative situation in international markets. Currently, there is a ... Read More »

Sky quarterly revenues surge 5% for 9 months at £8,453 million

ROME: Sky revealed its quarterly numbers as group revenues surged 5 per cent for the 9-months at £8,453 million, and group EBITA soared 20 per cent to £1,025 million. A fresh 21-page overview of Sky’s overall performance was issued May 6th by investment bank Jefferies, and saying that Sky’s growth drivers are in transition. Indeed, taking a three-year view the ... Read More »

Spain’s economy growth jumps 0.9% in Q1 of 2015

MADRID: Economic output expanded by 0.9 percent in the January-March period on a quarterly basis, up from 0.7 percent in the previous quarter, according to provisional figures from the National Statistics Institute. On an annual basis the Spanish economy, the eurozone’s fourth-largest, grew by 2.6 per cent in the first quarter, up from 2.0 per cent in the previous three ... Read More »

Spain’s economy growth jumps 0.9% in Q1 of 2015

MADRID: Economic output expanded by 0.9 percent in the January-March period on a quarterly basis, up from 0.7 percent in the previous quarter, according to provisional figures from the National Statistics Institute. On an annual basis the Spanish economy, the eurozone’s fourth-largest, grew by 2.6 per cent in the first quarter, up from 2.0 per cent in the previous three ... Read More »