Sunday 26 May 2013
Spain's economy contracted 0.4% in the first quarter of the year and the country is now in a technical recession, the central bank has said.
The drop, published in a Bank of Spain report, follows a 0.3% quarterly decline in the fourth quarter.
The Bank of Spain figure comes as no surprise, however. The government has said that the economy is shrinking and forecasts that it will contract 1.7% this year.
Most children's money habits have been formed by the time they reach the age of seven, research from a Government-backed body has found.
The aptly-named Skoda Superb is the car that owners are most satisfied with, according to a survey. And another Skoda model – the Yeti – was second on the list compiled from owners' views by What Car? and JD Power and Associates. Third was the Jaguar XF, with equal fourth place occupied by the Citroen DS3 and the Lexus RX .
Halfords has warned of a long uphill slog to recovery as profits tumbled by 22% and its dividend was slashed by a third to pay for a £100m revamp. New chief executive Matt Davies pledged to refresh tired-looking stores and improve customer service over the next three years but warned that earnings were unlikely to recover until 2016.
Belfast Chamber of Trade and Commerce has welcomed Paul McMahon as its newly elected president.
The UK's return to growth has been underlined as revised figures confirmed the dominant services sector helped the economy expand by 0.3% in the first three months of the year.
TWO of the FTSE's biggest bosses have banked rather different pay packets, it has been revealed.
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