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Tag: UK

Uk Services Growth Weakens to 8-Month Low in June, Signaling Recession

Jul 04 2012 09:31:02 in Market

The Markit PMI for the services sector sank to an eight-month low of 51.3 in June, below May's 53.3 The outstanding business index has been in contractionary territory for 14 of the last 15 months. Read more

UK June Shop Price Inflation Lowest Since 2009

Jul 04 2012 05:01:07 in Market

Falling food costs and easing commodity price pressures pulled down shop price inflation in the United Kingdom to its lowest level for two and a half years in June, the British Retail Consortium (BRC) said in report published Wednesday. Overall shop price inflation slowed to 1.1 percent from 1. Read more

UK Shop Prices Inflation Slows To 1.1% In June - BRC

Jul 04 2012 00:31:02 in Market

Shop price inflation in the United Kingdom was up just 1.1 percent on year in June, the British Retail Consortium said on Wednesday - down from 1.5 percent in May and marking the slowest rate of increase since November 2009. On a monthly basis, shop prices were up 0.1 percent. Read more

Euro Zone Banking Integration No Big Change for Uk - Cameron

Jul 03 2012 16:31:08 in Market

Cameronsaid thatgreater banking integration in EZ not necessarily be a fundamental change for UK as long there are proper safeguards in place Quotes   "If the 17 countries of the euro zone bring about a banking union for themselves, which I think frankly they need to do .... Read more

UK Construction Output Falls In June

Jul 03 2012 09:31:09 in Market

British construction output declined at the sharpest pace in two-an-a-half years in June, a survey by Markit Economics found Tuesday. The Markit/CIPS Construction Purchasing Managers' Index fell to 48.2 in June from 54.4 in May. Read more

Uk Construction Pmi Slip Into Contraction at 48.2

Jul 03 2012 09:31:09 in Market

UK Construction PMI was down at fastest pace in 2 - 1/2 year to 48.2 in June from 54.4 seen in May Economist expected a much moderate drop to 53.0 with most pessimistic one going for 52. Read more

Uk Consumer Credit Picks up Against Weak Backdrop in may -Boe Data

Jul 03 2012 09:31:09 in Market

Consumer credit rose by 732 million pounds in May, stronger than the 200 million estimated increases and bouncing back from growth of just 379 million pounds in April. The mortgage approvals for house purchase fell to 51,098 from 51,627, a smaller decline than the forecast. Read more

Research: Uk Services Pmi to Indicate Still-Weak Underlying Economy

Jul 03 2012 08:31:07 in Market

Quotes from Standard Chartered: -After May credit data is released on 3 July, the focus will shift to the services PMI index on 4 July (08:30 GMT), a good proxy for GDP growth given the significant size of the services sector. We expect a deterioration to 52.0 (consensus: 52.9), from 53. Read more

UK Business Confidence Still Below Pre-Recession Levels: BCC

Jul 03 2012 04:31:07 in Market

Confidence among British business firms remained still lower than levels seen before the recession in 2007 constrained by weak domestic demand, the British Chambers of Commerce (BCC) said Tuesday in its latest Quarterly Economic Survey. Read more

Uk Might Hold Bank Bosses Responsible for Rogue Staff - Osborne

Jul 02 2012 17:31:02 in Market

Osborne said govt would consider whether bank executives could be held to account by law for the actions of rogue employees. Read more

Research: Monetary Transmission Mechanism in the Uk Is Spluttering

Jul 02 2012 11:31:09 in Market

Quotes from RBS: -There continues to be signs that the monetary transmission mechanism in the UK is spluttering. House prices were shown to have fallen more than expected in June, leaving the yoy rate at -1.5% from -0.7% in May versus an expected -0.6%. Read more

UK Manufacturing PMI Improves More Than Expected

Jul 02 2012 09:31:10 in Market

An indicator measuring the performance of the British manufacturing sector rose more than expected in June, but the index still pointed to a decline in activity rates. A survey by Markit Economics showed that the purchasing managers' index for the manufacturing sector rose to 48. Read more

Uk Factory Decline Slows in June on Boe's Qe Hope - Pmi

Jul 02 2012 09:31:10 in Market

The Markit PMI rose to 48.6 in June from May's three-year low of 45.9, beating expectations for a more modest climb to 46.5 The new orders index holding sub-50 for the third month running at 47.0, though up sharply from May's three-year low of 42. Read more

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