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Tag: UK

UK Economy Weak; But May Avoid Recession, BCC Says

Apr 03 2012 04:31:03 in Market

The British Chambers of Commerce said Tuesday that the economy is showing signs of improvement and may avoid a recession. Still, economic growth remains "weak," the industry group said. The BCC expects the economy to expand 0.3 percent in the first quarter of 2012, after suffering a 0. Read more

Research: Uk Manufacturing Bucks European Trend

Apr 02 2012 11:31:04 in Market

Quotes from Societe Generale Cross Asset Research: -The UK manufacturing PMI rose from 51.5 to 52.1 (Market 50.7, SG 50.8).  This is yet another piece of evidence pointing to positive GDP growth in Q1. Read more

Research: Underlying Uk Economy Showing Signs of Resilience and Some Rebound in Q1 Looks Increasingly Likely

Apr 02 2012 10:31:23 in Market

Quotes from RBS: -The underlying UK economy is showing signs of resilience and some rebound in Q1 looks increasingly likely. Read more

Research: Uk Public Finances Remain Broadly on Track to Meet the Obr's Projections

Apr 02 2012 10:31:23 in Market

Quotes from RBS: -Despite the surge in borrowing in February, the UK public finances remain broadly on track to meet the OBR's projections. The speed of fiscal adjustment may have been slower than previously anticipated but should soothe worries about the Ratings agencies. Read more

UK Manufacturing PMI Rises To 10-Month High: CIPS

Apr 02 2012 09:31:08 in Market

Activity in the British manufacturing sector increased to the highest level in ten months in March, data from a survey by Markit Economics and the Chartered Institute of Purchasing and Supply (CIPS) showed Monday. Read more

Uk Manufacturing Pmi at 10-Month High up to 52.1 in March, Driven by a Pick up in New Orders

Apr 02 2012 09:31:08 in Market

News UK manufacturing PMI rose to 52.1 in March from an upwardly revised 51.5 in Feb highest level since May 2011. The PMI input prices index was its highest since Aug 2011, with manufacturers reporting higher prices for electronic components, metals, oil, plastics and transport. Read more

UK House Prices Rise First Time In 21 Months: Hometrack

Apr 02 2012 05:01:07 in Market

House prices in the United Kingdom rose for the first time in 21 months in March, helped by first time buyers looking to beat the stamp duty holiday that expired on March 24, revealed the latest survey by property tracking website Hometrack published on Monday. Read more

UK Business Confidence Hits 9-Month High: Survey

Apr 02 2012 05:01:07 in Market

Confidence among the UK's businesses climbed to its highest level in nine months in March, reports said Monday citing a survey by the Lloyds Banking Group PLC. Corporate sentiment about UK-wide economic prospects improved for the third consecutive month during March. Read more

UK March House Price Balance +0.2% On Month - Hometrack

Apr 02 2012 00:01:22 in Market

The average asking price for a home in the United Kingdom was up 0.2 percent on month in March, property tracking website Hometrack said on Monday, rising for the first time in 20 months. The increase was sparked by a 0. Read more

UK Consumer Confidence Decreases In March

Mar 30 2012 04:01:03 in Market

Confidence among British consumers declined in March as this month's budget failed to calm households' concerns about the prospects of the economy. Research firm GfK NOP reported Friday that its consumer confidence index fell to -31 in March from -29 in February and January. Read more

UK Consumer Confidence Weakens In March - GfK Poll

Mar 30 2012 00:31:03 in Market

Consumers in the United Kingdom became more pessimistic about the economy in March, according to poll results released Friday. The GfK NOP confidence index declined to minus-31 from minus-29 in February. Read more

Research: Uk Recovery Still Likely to be Slow and Protracted

Mar 29 2012 12:31:09 in Market

Quotes from HSBC Global Research: -There are signs that the UK economy may be stabilising. Business surveys have risen from the lows in Q4 2011, consumer confidence has recovered slightly and - most importantly - the funding pressures on eurozone banks and governments have eased. Read more

Research: Uk Borrowing in Fy2011/12 Likely to be Around 8.7 Pct of Gdp

Mar 29 2012 11:31:04 in Market

Quotes from HSBC Global Research: -The UK Government stuck to its ambitious austerity programme in the March 2012 budget. We expect borrowing in FY2011/12 to be around 8.7% of GDP, slightly higher than the official projection. Read more

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