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Tag: UK

UK New Car Registrations Rise In January: SMMT

Feb 06 2012 10:01:14 in Market

The UK's new car registrations increased 0.03 percent year-on-year to 128,853 units in January, the Society of Motor Manufacturers and Traders (SMMT) said Monday. New car sales are expected to dip 1.1 percent in 2012 from last year to 1.92 million units. Read more

UK Bank Lending To Contract In 2012: ITEM Club

Feb 06 2012 03:31:02 in Market

Bank lending in the United Kingdom is set to shrink this year for the first time since 2009 due to the impact of the ongoing funding crisis in the banking industry, the Ernst & Young ITEM Club said on Monday. Read more

UK Small Business Confidence Drops For Third Month: CBI

Feb 06 2012 03:01:08 in Market

Confidence among British small-scale manufacturers declined for a third consecutive quarter during the three months to January, reports said Monday citing a survey by the Confederation of British Industry (CBI). Read more

Research: Uk Economy Likely to Avoid a Double-Dip Recession

Feb 03 2012 13:31:06 in Market

Quotes from Societe Generale Cross Asset Research: -The services PMI rose from 54.0 to 56.0, the highest reading since March 2011. Orders drove this improvement, the index rising from 54.2 to 55.0. Moreover business expectations surged from 63.5 to 70.3. Read more

Uk Opposition Leader Calls for Restrain on Bank Bonuses

Feb 03 2012 13:31:06 in Market

News UK opposition Labour Party is calling on banks to exercise restraint in the annual bonus round,warning on excessive corrosive bonuses  RBS chairman Hampton gave up his bonus and also said that pay in the banking sector had been too high for too long Barclays is in focus as banks anno... Read more

UK Services PMI Rises Unexpectedly In January

Feb 03 2012 10:01:03 in Market

UK service sector activity expanded at the strongest pace in ten months in January, confounding economists' expectation for a slowdown, the latest survey by Markit Economics and Chartered Institute of Purchasing & Supply (CIPS) revealed Friday. Read more

UK To Enter Technical Recession In First Half: NIESR

Feb 03 2012 04:01:10 in Market

The British economy is likely to return to technical recession in the first half of this year, a report from the National Institute of Economic and Social Research (NIESR) revealed Friday. Read more

Uk Think Tank Warns of Mild Recession, Urges Govt to Boost Near-Term Spending

Feb 03 2012 01:31:08 in Market

News The National Institute of Economic and Social Research said that UK has entered into mild recession and will shrink in 2012 It urged the govt to boost near-term spending to prevent long-term damage from higher unemployment The institute expects unemployment rate rising to 9. Read more

Uk Construction Pmi Slips, But Optimism About Business Prospects Rises –pmi

Feb 02 2012 10:31:02 in Market

News UK Markit/CIPS construction PMI fell to 51.4 from 53.2 in Dec, slipping more than consensus at 52. Read more

UK Govt. Departments Should Do More To Reduce Costs: Auditor

Feb 02 2012 04:31:02 in Market

The British government departments should look beyond short-term cost-cutting measures and make major organizational changes to achieve sustainable spending reductions of the scale demanded by the Spending Review, the National Audit Office (NAO) said Thursday. Read more

Uk Mfg Pmi Unexpectdly Jumps Back in Expansion Mode at 52.1 in January

Feb 01 2012 10:31:18 in Market

News The Markit/CIPS Manufacturing PMI rose to 52.1, highest level since May from an upwardly revised 49.7 in Dec and way better than 50. Read more

Uk Consumer Credit Posts Record Drop, Raises Expectations for Boe to Announce more Easing

Jan 31 2012 10:31:04 in Market

News UK consumer credit fell by 0.4 bln pounds in Dec, confounding forecasts for a 0.4 bln pound rise Mortgage lending rose by 0. Read more

EU Endorses Fiscal Compact; Czech, UK Resist

Jan 31 2012 04:31:03 in Market

Members of the European Union, except the United Kingdom and Czech Republic, have agreed to sign up for the new fiscal compact, a treaty designed to achieve stability and convergence in the Economic and Monetary Union. Read more

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