THE British high street enjoyed a surprisingly healthy September, according to the CBI’s distributive trades survey with the balance of retailers reporting that sales were higher compared to a year earlier rising to the highest level since May 2004. A net 49 per cent said that sales volumes were greater than a year earlier thanks to the bank holiday weekend, the final discounting in the summer sales, and the launch of autumn fashion ranges.Household consumption growth gave GDP growth a major boost in the second quarter, with the headline growth figure confirmed at 1.2 per cent yesterday. “The CBI survey suggests that retail spending has remained firm in the third quarter, and is supportive of the view that consumer demand is solid, notwithstanding concerns about government cuts,” said Barclays Capital’s Simon Hayes.Retailers remained as optimistic about the outlook for October but some economists warned that households could not finance consumption by running down the amount they save forever. whatsapp Tuesday 28 September 2010 10:51 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp Share KCS-content Tags: NULL Show Comments ▼ High street sales jump
Show Comments ▼ Toyota recalls 1.7m vehicles worldwide whatsapp Tags: NULL Share Wednesday 26 January 2011 7:10 pm KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof TOYOTA, the world’s top automaker and Japan’s second largest company by market capitalisation, said it would recall more than 1.7m vehicles worldwide, bringing its total for recalls to nearly 16m since late 2009 and dealing a blow to its efforts to restore its reputation for quality.Although the situation is different from last year, when Toyota attracted intense scrutiny from US safety regulators over unintended acceleration problems that were blamed for dozens of fatalities, the latest recall may make it harder for Toyota to convince investors it has put its quality problems behind it.Shares in Toyota extended early declines and closed down nearly two per cent on the Tokyo Stock Exchange after the announcement.“Toyota faces harsh competition from Honda, which is in a much better situation in the US market – this is reflected in its stock price which now stands at multi-year highs,” said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management.“That’s why investors are a little nervous and sold Toyota when this negative news came out,” he said.Toyota was the only major automaker to see its sales fall in the US last year, and just squeaked by General Motors to keep its spot at the top of the global sales ranking.The biggest recall among those announced yesterday was to fix a faulty fuel pump and connecting pipe in 1.34m vehicles, including 141,000 Avensis units sold overseas. It’s Toyota’s biggest recall in six years and its second-biggest ever for a single defect.