The Ryan Airlines, one of the most economical airlines operating in UK and in Europe started of with just 1 million pound of share capital and a staff of just 25 members. The Airline was doing very well until the first quarter of 2013 as later on its profit slumped down heavily. It was mainly due to the increase in fuel prizes which eventually affected the net profits of the airline. The Easter timing and the strike by the air traffic controllers of France were also somehow responsible for the loss in profits of the airline.
People need to spend in order to purchase the things that are very necessary for them to live especially the basic needs. However, there are factors that limit the individual to purchase. There are things affecting the spending decisions of every individual and this spending ability and decisions can really affect the retail sales of the different establishments. One day a rise in the retail sales was observed and the next day, it decreased. However with the ever-growing popularity of voucher codes, consumers have an option to shop AND save money!
A renowned consumer goods company named Reckitt Benckiser loss as much as 225 million pounds from its profits because of a legal claim by NHS on health grounds. The company was sued by NHS for 80 million pounds as it was accused of intentionally limiting the supply of its medicine namely Gaviscon which is used for heartburn. The company was accused because they were limiting its supply to increase their revenue as the demand will increase if their is a shortage of medicine in the market.
UK small and medium-sized firms have something to celebrate these days since these British companies hit records just last month with the number of loans given to them. Bank of England confirmed that lending to small and average-sized businesses were at their fastest growing pace in the month of June. The last time the lending to small firms increase was in February.
Mixed Reaction as UK Reports a 0.6% Economic Growth While IMF Calls for More Efforts to Avert a Possible Eurocrisis
There is good news for the UK economy as the second quarter of 2013 reported an improvement over the first quarter of the year by doubling the tempo of the first budgetary quarter. While the growth still remains weaker compared to the pre-financial crisis that hit Europe in 2008, the report indicated that at least all the economic sectors witnessed verifiable growth.
Debt is very common to most household especially to those who are earning less. Households are forced to borrow money from different sources just to sustain the life they are accustomed to. However, the debt must be settled on time to avoid other serious problems.
Household debt levels are significantly rising to £13,000 in the recent year. This level of family debts is somewhat alarming since it is considered as the highest level for the past two years and a half. Last year, the debt of the households only averaged for about £9,000. For the latest year, a £3,000 increase has seen. As a result, it is obvious that more households are struggling when it comes to paying their debts.
Barclays plc, a renowned British multinational bank is a highly trusted institution serving millions of people worldwide. Barclays services in retail, mortgages, loans, wholesale, credit cards etc are incomparable with its counterparts giving satisfactory services to its clients.
The British Barclays PLC bank and the German Deutsche Bank announced today on Tuesday to set apart right issues worth $9 billion to counter more challenging rules on risk. This raise a lot of speculation among investors which will prompt the other European and Britain banks to take similar actions.
Their U.S. competitors coped well against the financial crisis by instant recapitalization and restructuring of their financial assets. On the contrary, the European and British banks were found still trying to release themselves from the regulations of 2007 – 2009.
A lot of people would be glad when they learn that loans to small firms has increased and can make a huge impact on credit markets. The Bank of England said that there was a rise in lending during June for about 238 Million Pounds to small businesses. It is the largest increase since the Bank of England started this research about two years ago.
The UK’s economy blossomed this Monday, the 29th July 2013 after noticing a record massive rise in loans given to the small businesses. This record rise give momentum to set up the credit markets.
According to a report by the Bank of England, an increase of 238 million pounds has been generated in order to lend loans to small businesses all across UK. It is reportedly the largest rise since 2011. This rise in June could not manage to fully reverse the 476 million pounds fall in lending for the month of May 2013.