Tag: forecasts

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THG shares slide as it misses profit margin forecasts

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Shares in THG have fallen sharply after the online shopping group warned profit margins for 2021 would come in below expectations and the early part of 2022 would be more challenging compared with the same period last...

Federal budget update: Josh Frydenberg forecasts unemployment rate to fall to under 5%

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The Treasurer, Josh Frydenberg, will reveal in Thursday’s mid-year budget update that Australia’s unemployment rate will fall comfortably below 5% next year as the economy continues to rebound. After many months of vo...

NHS forecasts 230,000 extra cases of PTSD in England due to Covid

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The NHS is forecasting there will be 230,000 new cases of post-traumatic stress disorder in England as a result of the coronavirus pandemic, official figures show. Covid-19 has increased exposure to events that could ...

Industry supply chain fears deepen; UK borrowing undershoots forecasts – business live

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Rolling coverage of the latest economic and financial news

EasyJet forecasts £1.1bn loss but says recovery is under way

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EasyJet expects to make a pretax loss of about £1.15bn this year but said its recovery was under way, with strong demand for winter sun breaks after the UK government relaxed travel restrictions. The airline is adding...

US economy returns to pre-pandemic level but misses growth forecasts

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The US economy has returned to its pre-pandemic level despite growing at a weaker rate than expected in the second quarter. Gross domestic product (GDP) increased at a 6.5% annualised rate in the three months to the e...

Netflix blames pandemic as it misses growth forecasts

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Netflix missed its growth forecasts in the last quarter, blaming a post-lockdown decline in interest in the streaming service and a Covid-related slowdown in new productions. The company added 1.54 million new subscri...

Brexit ‘divorce bill’ higher than UK’s forecasts, Brussels estimates

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The UK’s Brexit “divorce bill” is €47.5bn (£40.8bn) according to estimates from Brussels that are higher than the government’s forecasts. The first tranche, €6.8bn, is due for payment by the end of the year. The fina...

Pfizer forecasts $26bn from annual sales of Covid-19 vaccine

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US drugmaker Pfizer expects to make $26bn (£19bn) in revenues from sales of its Covid-19 vaccine this year, with its soaraway product accounting for more than a third of the company’s annual income. The vaccine, which...

Brain activity data may improve stock market forecasts, study shows

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From never trading during the first 30 minutes, to not returning to a stock for a third time, financial investors have a stack of superstitions for predicting stock price changes. Now neuroscientists may have hit upon...