2020-01-17 10:55:55| Guardian Unlimited Business - more business news
Rolling coverage of the latest economic and financial news, as UK retail spending falls againBreaking: UK retail sales slump in DecemberAlphabet hits $1tn valuationChinas GDP only grew by 6.1% last year 9.55am GMT Economists and investors are alarmed by Decembers grim retail figures. The 0.5% slump in retail sales has dashed hopes of a recovery, and a so-called Boris Bounce in confidence.Looks like UK retail sales for December were truly awful, down 0.6% month on month compared to a consensus forecast of 0.9% growth. Year on year was 0.9% v 2.1% expected.So I'll admit my bias going into UK retail sales was to find some kind of silver cloud, and so far I'm seeing nothing. Retail sales are volatile but in context this looks v bad. Unless PMIs feature mass oaths to increase production by 25% in time for Brexit MPC will cut 9.46am GMT NEWSFLASH: UK retail sales fell unexpectedly in December, as Britains high street crisis escalates.Retail sales volumes fell by 0.6% in December, the fifth monthly decline in a row. Economists has expected a rise to 0.5%.Food stores quantity bought fell by 0.6% in the three-month on three-month measure, with a strong monthly decline of 1.3% in December. This was the joint largest decline seen in food stores since December 2016 and the largest monthly decline since October 2015 of negative 1.8%. Anecdotal evidence from a number of stores stated that goods did not sell as well as expected in December 2019.Clothing experienced strong declines both on the month at negative 2.0% and in the three months to December at negative 2.3%. This is the sixth consecutive month of no growth for clothing stores for the three-month on three-month movement. Continue reading...
2020-01-16 21:18:15| digg
You've seen buzzer-beaters and crazy game winners but you might not have seen one like this, from a Michigan HS game.
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2020-01-16 13:52:00| Mondaq.Com
The EPA has proposed a rule that would require only "high hazard" coal ash disposal sites to seek permits immediately under its Resource Conservation and Recovery Act