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Tag: UK

Uk Services Sector Growth Slows down in February to 53.8

Mar 05 2012 10:31:05 in Market

News UK services sector growth slowed down in February to 53.8 from 56.0 much lower than economist's expectations of 54. Read more

UK Feb. Service Sector Growth Eases More Than Expected: CIPS

Mar 05 2012 10:01:09 in Market

Growth in U.K.'s service sector activity eased more than economists expected in February, mainly reflecting a weaker growth in new business, data from the survey by Markit Economics and CIPS showed Monday. Read more

BCC Cuts UK Growth Forecast

Mar 05 2012 04:31:10 in Market

The British Chambers of Commerce (BCC) on Monday revised down its growth forecast for the economy this year, but ruled out chances for a double-dip recession. In its Quarterly Economic Forecast, the lobby group said it is downgrading the UK's economic growth outlook to 0. Read more

Uk Will Avoid Recession This Year, No more Qe needed - Lobby Group

Mar 05 2012 01:32:33 in Market

News UK's largest business lobby group said on Mon that Britain will avoid recession this year The lobby added that and will not need more stimulus the recovery will be weak and the govt should step up its efforts to boost growth Quotes "Nothing is certain, but I believe that the economy has re... Read more

Research: Uk Manufacturing Sector Still Growing

Mar 01 2012 11:31:09 in Market

Quotes from Societe Generale Cross Asset Research: -The UK PMI fell from 52.0 to 51.2 in February. The details of the January report showed an unsustainable surge in output so we are not surprised to see a return to more realistic levels in February. Read more

UK Consumer Confidence Stabilizes Amid Economic Optimism

Feb 29 2012 03:31:02 in Market

Confidence among British consumers held steady at the highest level since June 2011 as households' assessment of the economy's prospects over the next 12 months improved notably, a survey by research group GfK NOP showed Wednesday. Read more

Decline In UK Service Sector Business Volume Eases Sharply: CBI

Feb 28 2012 08:01:04 in Market

Business volumes in the British service sector decreased at a markedly slower pace in the February quarter, data from a survey by the Confederation of British Industries (CBI) showed Tuesday. Read more

Research: a Range of Measures Pointing at improved Market Conditions in European Banking Sector Relative to the Uk

Feb 27 2012 13:31:04 in Market

Quotes from RBS: -A range of measures are pointing at improved market conditions in the European banking sector relative to the UK. The gap between Libor-OIS spread and Euribor-OIS spread is now at its lowest level since mid-2011. Read more

Research: Gbp/usd lagged behind the rise in Uk Bank Share Prices Over the Past Few Weeks

Feb 27 2012 13:31:04 in Market

Quotes from RBS: -The relationship between GBP/USD and UK/US relative bank prices has been relatively tight over the past year. Read more

Research: Uk Economy Not Falling Back Into a Double-Dip Recession

Feb 24 2012 13:31:04 in Market

Quotes from Societe Generale Cross Asset Research: -The second estimate of Q4 GDP left growth unrevised at -0.2% qoq. The expenditure details revealed that household consumption grew by 0.5% qoq, but investment fell 2.8% qoq. Domestic demand hit growth by 0.7pp whereas net exports contributed 0. Read more

UK Services Index Rises In December

Feb 24 2012 10:01:02 in Market

The U.K.'s index of services, an indicator of service sector output, increased more than expected in December, data from the Office for National Statistics showed Thursday. The seasonally adjusted index of services rose 0.2 percent month-on-month in December, while economists were expecting 0. Read more

Uk Cbi Orders Index Jumps to -3 in Feb , Highest Level in 6 Months

Feb 23 2012 12:32:45 in Market

News The Confederation of British Industry survey's total order book balance jumped to -3 from -16 in Jan, well above forecasts of reading of -14 The export order book balance advanced to -2 in Feb from -26 in Jan, the highest since Aug 2011 The output expectations index stood at a 9-month hi... Read more

Uk Cbi Urges Osborne to Implement Growth Boosting Measures in Budget

Feb 22 2012 01:31:25 in Market

News The Confederation of British Industry called UK finance minister George Osborne to focus on growth-boosting measures unveiled last year in the budget The lobby also railed against calls by the opposition for a temporary cut in value-added tax to boost demand, saying it would send the wrong s... Read more

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