Blogging sundays - MOOSA

Poundland's sales soar during recession

WEDNESDAY 06 MAY 2009

http://www.independent.co.uk/news/business/news/poundlands-sales-soar-during-recession-1679911.html

(UK GDP = -2.1%, recession)

This business did rather well during the recession because it is an economical option for consumers during this period of time. People are short of money as the economy isn’t doing very well therefore they prefer to pay less, cutting down on luxuries and resorting to Poundland, where everything is one pound.

http://www.youtube.com/watch?v=G_miGclPFGs

UK bank Barclays reports profits up 92% to £11.6bn in 2009

2009

http://news.bbc.co.uk/2/hi/8517438.stm

(UK GDP= -2.1%)

This bank surprisingly did very well during the recession compared to other UK banks as they didn’t ask money from the government, which in return, provoked potential investors to invest confidently. Their shares rose rapidly.MOOSA