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UK consumer confidence falls on price rise fear

2016-07-21 17:11:00| Daily apparel & textile news and comment - from just-style.com

UK consumer confidence has plummeted to a 12-month low as fear of price rises and the uncertainty following the EU referendum take hold, with spend on clothing expected to bear the brunt. 

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UK borrowing falls to lowest level since 2008

2016-07-21 12:31:41| BBC News | Business | UK Edition

The UK government borrowed 25.6bn in the three months to the end of June, 2.3bn less than it did during the same period last year, and the lowest level since 2008.

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Tele2 quarterly EBITDA falls 22%, sales up 1%

2016-07-21 09:08:00| Telecompaper Headlines

(Telecompaper) Tele2 reported a drop in second-quarter profits as the company increased commercial spending in an effort to accelerate sales in its largest markets, Sweden and the Netherlands. While revenues rose slightly to SEK 6.668 billion from SEK 6.611 billion a year ago, EBITDA dropped to SEK 1.087 billion from SEK 1.393 billion. The margin dropped to 16 percent from 21 percent a year ago. After SEK 95 million in restructuring charges and a higher tax bill, Tele2 posted a net loss of SEK 60 million from the quarter, versus a profit of SEK 309 million a year ago. Tele2 maintained its outlook for mobile end-user service revenue growth in the mid single digits in 2016, after 2 percent growth in Q2.

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DVLA revenue falls 93m after paper tax disc scrapped

2016-07-20 17:32:33| BBC News | Business | UK Edition

UK road tax revenue falls by 93m in the year following the abolition of the paper tax disc, the DVLA says.

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UK unemployment rate falls to 4.9%

2016-07-20 10:49:42| BBC News | Business | UK Edition

The UK unemployment rate has fallen to 4.9%, the lowest since July 2005, according to official figures.

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