Tag: forecasts
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...
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...
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...
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...
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...
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...
Industry supply chain fears deepen; UK borrowing undershoots forecasts – business live
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Rolling coverage of the latest economic and financial news
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 ...
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...
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...
UK travel industry forecasts summer boom amid surge in holiday bookings
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Travel companies are reporting a bounce back in bookings, with easyJet and Saga predicting a summer surge as the impact of Omicron on consumer confidence wanes, and the government’s move to lift testing and travel res...
SSE forecasts profits of nearly £1bn as gas prices soar
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SSE, the electricity generator and network company, has upgraded its profit forecasts to nearly £1bn for its latest financial year as soaring gas prices more than made up for disappointing renewable energy output. The...
AstraZeneca forecasts higher 2022 sales and lifts annual dividend
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AstraZeneca forecast higher 2022 sales and lifted its annual dividend for the first time in a decade after beating fourth-quarter profit expectations, but warned the boost from its Covid-19 products would decline. The...
IMF to lower global growth forecasts due to Ukraine war and Covid
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The head of the International Monetary Fund has warned that the global inflationary shock caused by Russia’s war in Ukraine and the ongoing Covid pandemic will lead to lower economic growth this year and next. Kristal...