United Kingdom | Tuesday, 6 January 2009

Consumer Articles

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1. Credit crisis hits consumer morale
The global financial crisis weighed heavy on consumer morale in October and fears about banks' stability and the economy made people reluctant to save or spend, a survey showed on Friday.
31 Oct 2008
2. Rate cut to be passed on to savers
HBOS, Lloyds TSB and Barclays will pass on to borrowers the full benefits of a surprise half a percentage point cut in interest rates by the Bank of England.
09 Oct 2008
3. Report says Sainsbury's sees consumer sentiment down
Justin King, chief executive of the nation's third biggest supermarket chain J Sainsbury, said that consumer sentiment was worse than it has ever been going into Christmas, the FT reported on Monday.
15 Sep 2008
4. XL leaves thousands stranded
The country's third largest package holiday operator, XL Leisure Group, said on Friday it had gone into administration and grounded all flights, leaving tens of thousands of holidaymakers stranded.
12 Sep 2008
5. More than 80 pct of families cut back spending
More than 80 percent of families have changed their spending habits due to the credit crunch, with many households cutting back on grocery expenditure and non-essential items, according to a survey on Wednesday.
04 Sep 2008
6. Consumer mood holds at lows
Consumer confidence held steady at a series low in August, ending seven month of declines, a survey showed on Wednesday, in a sign that lower oil prices may be helping to support household morale.
03 Sep 2008
7. Hard-up consumers seen seeking solace in gadgets
Consumer electronic makers are bracing themselves for slower growth in the second half of this year and in 2009, but count on consumers turning to home entertainment amid tougher economic times and tighter budgets.
01 Sep 2008
8. Olympic cheer lifts consumer morale in Aug-GFK
Falling petrol prices, summer holidays and Britain's best Olympic medal tally in a century combined to give an unexpected lift to consumer morale in August, a survey showed on Friday.
29 Aug 2008
9. Consumer price inflation seen at 4.1% in July
British inflation probably rose to over 4 percent in July, against the Bank of England's 2 percent target, but the bank is unlikely to react by raising interest rates soon as the economy stalls.
12 Aug 2008
10. Consumer mood crumbles in July
Consumer sentiment dived to a record low in July, a survey showed on Wednesday, as fears grew about the risks of a recession and rising living costs.
06 Aug 2008
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