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Tag: UK

UK Retail Sales Fall; No Olympic Boost To Non-Food Sector: BRC

Sep 04 2012 05:31:02 in Market

Retail sales in the UK declined in August as the Olympics failed to spur spending, particularly in the non-food sector, the British Retail Consortium (BRC) said Tuesday. Year-on-year, retail sales values fell 0.4 percent on a like-for-like basis in August. Read more

Uk Manufacturing Pmi Downturn Eases Sharply in Aug - Pmi

Sep 03 2012 09:31:03 in Market

The Markit/CIPS manufacturing PMI jumped to a four-month high of 49.5 in Aug from a downwardly revised 45.2 in July, the lowest level since May 2009. Read more

Research: Uk Manufacturing Likely to Remain in Contraction

Sep 03 2012 09:01:04 in Market

Quotes from Standard Chartered: -We expect the UK's purchasing managers' index (PMI) to show that manufacturing continued to contract (46.5, consensus 45.9) in August, albeit picking up from the previous month. July saw a severe downturn in the manufacturing PMI, to 45.4 (from 48. Read more

UK To Speed Up Infrastructure Projects, Osborne Says

Sep 03 2012 08:01:03 in Market

The British government will introduce a bill in Parliament in the next few weeks to speed up planning decisions and financing of private sector building projects to jump start the recession-hit economy, Chancellor George Osborne said in an interview to the BBC television. Read more

UK Consumer Mood Remains Downbeat: GfK

Aug 31 2012 07:31:03 in Market

Consumer confidence in the United Kingdom remained at a low level in August, contrary to economists' forecast for an improvement, as a modest uplift from the Olympics was offset by the grim economic outlook, latest data showed Friday. Read more

Research: US Y/y Growth Now 2.8pp Stronger Than Uk

Aug 30 2012 15:01:05 in Market

Quotes from Barclays Capital: -US y/y growth is now 2.8pp stronger than the UK, equaling the largest gap since the mid-1980s. Read more

Uk Credit Card Lending Suffers Biggest fall in Six Years in July

Aug 30 2012 09:31:29 in Market

Britain's net credit card lending fell by 147 million pounds, the biggest drop since Aug 2006 The net mortgage lending was much higher than expected at 1.1 billion pounds, the biggest increase since Jan Mortgage lender Halifax reported a 0. Read more

Uk Inflation Expectations Over Next 12 Months Spikes in Aug - Citi / Yougov

Aug 29 2012 15:31:02 in Market

UK's expectations for inflation over the next 12 months rise sharply in August against a backdrop of higher petrol prices - YouGov / Citi The YouGov poll showed public expectations for inflation over the year ahead rose to 2.8 pct in August from 2.4 pct in July. Read more

Research: Further Deteriation in Uk Public Finances Looks Likely

Aug 28 2012 11:31:03 in Market

Quotes from RBS: -The weakness in UK activity is also likely to be contributing to the poor public finances data, which is seeing some slippage compared to the deficit-tightening projections. Read more

Research: Outlook for Uk Gdp Growth

Aug 27 2012 10:31:03 in Market

Quotes from Barclays Capital: -July's public finance data were not as bad as they appear, but they were still poor. Borrowing for FY 2012-13 could significantly overshoot the OBR's March forecast. -Q2 GDP was revised up to -0.5% q/q from -0. Read more

UK House Prices To See Further Downward Pressure: Hometrack

Aug 27 2012 06:01:03 in Market

House prices in the United Kingdom is expected to face further squeeze during the rest of the year, as supply continues to outstrip demand, a survey by Hometrack showed Monday. An index measuring the average asking price of a home fell 0.1 percent month-on-month in August. Read more

UK House Price Balance Falls 0.1% In August - Hometrack

Aug 27 2012 01:01:02 in Market

An index measuring the average asking price of a home in the United Kingdom was down 0.1 percent on month in August, property tracking website Hometrack reported on Monday. That was in line with expectations and matched the rate of decline from the previous month. Read more

Uk Q2 Recession caused Less Shrinkage Than expected Despite Big Trade Drag

Aug 24 2012 09:31:05 in Market

UK economy shrank by 0.5 pct on the Q2 against the expected drop of 0.7 pct, falling 0.5 pct compared to the Q2 of 2011, the Office for National Statistics said. Consumer spending fell 0.4 on the quarter, while exports dropped 1.7 and imports rose 1.4 percent. Read more

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