Menu
11/06/2002
Nokia axes growth forecast
Nokia has cut sales forecasts by between 4-13% after the company announced that they expected the April to June quarter to be worse than predicted.
Nokia had originally forecast between 2-7% growth for the period, but the company radically revised forecasts for the period to a 2-6% decline on the same period last year. The revision of Nokia's forecasts is viewed as further evidence that the mobile handset sector has tailed off.
The company had optimistically predicted up to a 10% growth in handset sales, but this has been cut to 0-4% for the year.
While Nokia expects revenues to be in the region of 6.9 billion to 7.2 billion euro, shareholders were unimpressed a share prices dived over 4% on the forecast revisions.
In a sensitive sector Ericsson shares slumped in sympathy on the news shedding over 7%.
(SP)
Nokia had originally forecast between 2-7% growth for the period, but the company radically revised forecasts for the period to a 2-6% decline on the same period last year. The revision of Nokia's forecasts is viewed as further evidence that the mobile handset sector has tailed off.
The company had optimistically predicted up to a 10% growth in handset sales, but this has been cut to 0-4% for the year.
While Nokia expects revenues to be in the region of 6.9 billion to 7.2 billion euro, shareholders were unimpressed a share prices dived over 4% on the forecast revisions.
In a sensitive sector Ericsson shares slumped in sympathy on the news shedding over 7%.
(SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
15 March 2024
Mums At Work: Entrepreneurs To Share Journey & Expertise
A whole host of local entrepreneurs are set to take to the stage at the Mums At Work Elevate Your Business event later this month.
Mums At Work: Entrepreneurs To Share Journey & Expertise
A whole host of local entrepreneurs are set to take to the stage at the Mums At Work Elevate Your Business event later this month.
25 June 2010
Report Predicts Economic Growth In 2011
An influential financial advisory company has claimed Ireland will have the greatest recovery rate among eurozone members next year. World wide financial experts Ernst & Young said their quarterly eurozone forecast predicts Ireland will jump from its current position of 15th up to second in terms of GDP growth in 2011 at 2.8%.
Report Predicts Economic Growth In 2011
An influential financial advisory company has claimed Ireland will have the greatest recovery rate among eurozone members next year. World wide financial experts Ernst & Young said their quarterly eurozone forecast predicts Ireland will jump from its current position of 15th up to second in terms of GDP growth in 2011 at 2.8%.
01 March 2017
Danske Bank Raise Growth Forecast
Danske Bank has published its Quarterly Sectoral Forecasts report, which suggests that Northern Ireland's economy will grow by 0.8% in 2017 and 1.0% in 2018. These forecasts have been revised up from the previous report, in which growth of 0.5 per cent had been projected for this year.
Danske Bank Raise Growth Forecast
Danske Bank has published its Quarterly Sectoral Forecasts report, which suggests that Northern Ireland's economy will grow by 0.8% in 2017 and 1.0% in 2018. These forecasts have been revised up from the previous report, in which growth of 0.5 per cent had been projected for this year.
29 April 2002
Chancellor's economic growth forecast 'unrealistic'
Leading economic think-tank, Ernst & Young Item Club has said that Chancellor Gordon Brown's forecast for economic growth is unrealistic. Their forecast estimated that the UK economy will grow at 1.8% this year, compared to the 2 - 2.5% target set by the Chancellor in the Budget. Recent official figures revealed that the UK economy grew by just 0.
Chancellor's economic growth forecast 'unrealistic'
Leading economic think-tank, Ernst & Young Item Club has said that Chancellor Gordon Brown's forecast for economic growth is unrealistic. Their forecast estimated that the UK economy will grow at 1.8% this year, compared to the 2 - 2.5% target set by the Chancellor in the Budget. Recent official figures revealed that the UK economy grew by just 0.
29 August 2001
IMF cuts economic growth forecast
The IMF has cut its forecast for world economic growth this year from 3.2 per cent to 2.8 per cent. International news service, Reuters reported the news on Wednesday citing unnamed sources at the international lender for the prediction. However, on Tuesday, Italian news agency ANSA reported that IMF's World Economic Outlook would predict a 3.
IMF cuts economic growth forecast
The IMF has cut its forecast for world economic growth this year from 3.2 per cent to 2.8 per cent. International news service, Reuters reported the news on Wednesday citing unnamed sources at the international lender for the prediction. However, on Tuesday, Italian news agency ANSA reported that IMF's World Economic Outlook would predict a 3.
-
Northern Ireland WeatherToday:A cloudy morning with a few showers at times. Becoming dry in the afternoon and staying mainly cloudy, but some sunshine breaking through particularly in the east. Maximum temperature 16 °C.Tonight:Quite cloudy across all counties at first but clear spells most likely towards Down and Antrim, becoming widespread through the evening and overnight. Minimum temperature 5 °C.
