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	<title>in business blog for successful entrepreneurs &#187; Revenue</title>
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		<title>Revenue withdraws house sale data</title>
		<link>http://www.in-business.org.uk/revenue-withdraws-house-sale-data/</link>
		<comments>http://www.in-business.org.uk/revenue-withdraws-house-sale-data/#comments</comments>
		<pubDate>Wed, 20 Aug 2008 20:10:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business news]]></category>
		<category><![CDATA[Property investment]]></category>
		<category><![CDATA[HM Revenue & Customs]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[Land Registry]]></category>
		<category><![CDATA[property sales]]></category>
		<category><![CDATA[Revenue]]></category>

		<guid isPermaLink="false">http://www.in-business.org.uk/?p=459</guid>
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			<content:encoded><![CDATA[<p><strong>The government&#8217;s official statistics on property sales in the UK have been withdrawn from publication because they appear to be wrong. </strong></p>
<p>The figures are published each month by HM Revenue &#038; Customs (HMRC) for sales worth more than £40,000. </p>
<p>HMRC said that revisions to the previous months&#8217; figures, going back to March this year, had cast doubt on their accuracy. </p>
<p>Figures for July were due to come out on Thursday, but have been postponed. </p>
<p>&#8220;Outputs obtained whilst updating the monthly series contained some significant and unexplained differences with the statistics published last month,&#8221; it said. </p>
<p>&#8220;All months in the statistical series are affected, with the differences showing falls in some months and increases in others,&#8221; it added. </p>
<p>&#8220;Our statisticians have come to the conclusion that something doesn&#8217;t look quite right,&#8221; explained an HMRC spokeswoman. </p>
<p><strong>Sudden slump </strong></p>
<p>June&#8217;s figures appeared to show that property sales had fallen that month to just 77,000. </p>
<p>That was a 45% drop from the same month last year, when 140,000 properties were sold. </p>
<p>This chimed closely with many other figures, which show that the market has gone through a sudden slump this year because of the credit crunch. </p>
<p>For instance, the most recent report from the Land Registry for England &#038; Wales showed that sales in April were down by 39% over the previous 12 months. </p>
<p>The number of mortgages approved by lenders for house purchase was down by 69% in June, according to the Bank of England. </p>
<p>The HMRC house sales data which had been due out on Thursday will now be published on 21 September. </p>
<p>In May, another government agency, the Office for National Statistics (ONS), admitted publishing erroneous pension statistics. </p>
<p><a href="http://news.bbc.co.uk/1/hi/business/7572603.stm" target="_blank" rel="nofollow">News reported by The BBC</a></p>
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		<title>Foreign sales boost HP earnings</title>
		<link>http://www.in-business.org.uk/foreign-sales-boost-hp-earnings/</link>
		<comments>http://www.in-business.org.uk/foreign-sales-boost-hp-earnings/#comments</comments>
		<pubDate>Tue, 19 Aug 2008 23:43:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business news]]></category>
		<category><![CDATA[Foreign sales]]></category>
		<category><![CDATA[Hewlett-Packard]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[profits]]></category>
		<category><![CDATA[Revenue]]></category>

		<guid isPermaLink="false">http://www.in-business.org.uk/?p=454</guid>
		<description><![CDATA[Hewlett-Packard (HP), the world&#8217;s largest computer computer, has seen its quarterly profits boosted by robust international sales. The firm saw profits for the three months to 31 July reach $2.5bn (£1.3bn), up from $1.78bn in the same period a year earlier. Revenue from outside the US accounted for some 68% of the total, with particular [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Hewlett-Packard (HP), the world&#8217;s largest computer computer, has seen its quarterly profits boosted by robust international sales. </strong></p>
<p>The firm saw profits for the three months to 31 July reach $2.5bn (£1.3bn), up from $1.78bn in the same period a year earlier. </p>
<p>Revenue from outside the US accounted for some 68% of the total, with particular strength in Asia. </p>
<p>Computer firms have targeted overseas markets as the US economy has cooled. </p>
<p>Lou Miscioscia of Cowen said: &#8220;Many had expressed concerns that HP&#8217;s results were going to start to be affected by the economy, but HP had solid numbers.&#8221; </p>
<p>Europe, Middle East and Africa saw revenue climb 5%, while revenue in Asia Pacific was 8% higher. </p>
<p>The Americas saw revenue up 3%. </p>
<p>The personal systems group saw revenue of $10.3bn, marking a rise of 15% and revenue from notebooks was 26% higher year-on-year. </p>
<p>Jason Pride of Haverford Trust said HP seemed to be &#8220;a standout&#8221;. </p>
<p>&#8220;The only other company that has a similar ability to stand out is IBM, but that&#8217;s a very different story, a story of transitioning to a more service-oriented approach. </p>
<p>&#8220;But HP is still primarily a hardware provider, and in that space, they are absolutely a standout.&#8221; </p>
<p><a href="http://news.bbc.co.uk/1/hi/business/7571415.stm" target="_blank" rel="nofollow">News reported by The BBC</a></p>
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