Tag Archives: growth

Alibaba revenues jump 60% as Chinese growth continues

Revenue at e-commerce giant Alibaba jumped 60% in the first three months of the year, powered by a growing customer base in China. More than 450 million Chinese shoppers used its sites during the quarter, with the average annual spending up by about a third, Alibaba said. The growth pushed revenues for the period to $5.6bn (£4.3bn). But… Read More »

GoPro’s Sales Resume Growth, but Still Miss Expectations

GoPro Inc’s revenue increased less than expected in the holiday quarter and its sales growth forecast for the current-quarter also fell short of expectations, hurt by shrinking demand for the company’s body-mounted point-of-view cameras. GoPro also forecast a steep sequential drop in gross margins for the current quarter, sending the company’s shares tumbling nearly 14 percent in extended… Read More »

UK wage growth outpaces inflation

Wages grew faster than the rate of inflation at the end of 2016, official figures show. In the three months to December, wages grew 2.6% on an annualised basis in the UK, according to the Office for National Statistics (ONS). However, that was slower than the previous period, leading analysts to suggest households could face a “squeeze” on… Read More »

Brexit latest: Retail sales growth slows in November

Growth in retail sales, a key leading indicator of GDP momentum, slowed in November. The Office for National Statistics reported that sales volumes grew by 0.2 per cent in the month, down from strong growth of 1.8 per cent in October. The annual rate of expansion slowed to 5.9 per cent, down from 7.2 per cent previously. Retail… Read More »

UK’s current GDP growth rate won’t last, warns business body

“The business as usual” approach taken by many firms following the Brexit vote has helped boost UK growth this year, but it will not last, the British Chambers of Commerce (BCC) has warned. The business body expects GDP to grow by 2.1% this year, up from the 1.8% it forecast just three months ago. But uncertainty over the… Read More »

Starbucks’ CEO transition unlikely to stymie growth: analysts

Starbucks Chief Executive Howard Schultz’s decision to step down is unlikely to hamper growth at the world’s biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp (SBUX.O) said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing… Read More »

US retail sales see strong growth

Retail sales in the US rose faster than expected in October, helped by strong car sales, figures have shown. The data is the latest evidence that the US economy is growing strongly and adds to speculation that there could be an interest rate rise next month. The Commerce Department said retail sales rose 0.8% in October from the… Read More »

UK labour market withstands Brexit shock, but wage growth slows

Britain’s labour market showed little sign of taking a hit immediately after the country’s Brexit vote as the unemployment rate held steady and job creation rose in the three months to July, according to official data. But growth in wages slowed, possibly signalling tougher times ahead for households just as they face the prospect of higher inflation after… Read More »

UK firms expect growth to stagnate over next three months – CBI

British businesses expect economic growth to grind almost to a halt over the next three months due to weaker investment and consumer confidence after June’s vote to leave the European Union, the Confederation of British Industry said on Sunday. The CBI said the outlook was the weakest since December 2012 as the proportion of firms expecting lower output… Read More »

Indian stocks fall for second session on global growth woes

Indian stocks surrendered earlier gains and closed lower for a second straight session on Tuesday, tracking subdued regional stock markets as weak China factory data rekindled global growth worries. The broader NSE Nifty fell 0.75 percent to 7,747.00, after rising as much as 1 percent earlier in the session. The benchmark BSE Sensex dropped 0.81 percent to 25,229.70.