Close Brothers reports solid start to year


first_img CLOSE Brothers said overall performance during the first quarter was solid yesterday, driven by good loan book growth on continued demand for its specialist lending services. The merchant bank said its loan book stood at £3.1bn at the end of October compared to £2.9bn three months earlier, an increase of seven per cent. It said it also remained positive about the outlook for the full financial year.However, Close said its bad debt ratio grew slightly compared to the first six months of the year due to a problem property portfolio although it said it expected its bad debt ratio to be lower by the end of the 2011 financial year. The bank’s asset management division made a small loss as it continued to invest for future growth, particularly in private clients. Total funds under management increased 14 per cent to £8.5bn at 31 October 2010, compared to £7.4bn three months earlier reflecting the acquisition of the Chartwell Group and market movements. Close Brothers said its securities division had recorded sound performance although its derivatives trader, Mako, had been subdued due to lower volumes and volatility. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Close Brothers reports solid start to year Thursday 18 November 2010 8:03 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharecenter_img Show Comments ▼ whatsapp KCS-content Tags: NULLlast_img read more


Ireland’s manufacturing expands in November


first_img Show Comments ▼ Share Wednesday 1 December 2010 3:31 am alison.lock whatsapp whatsapp IRELAND’S manufacturing sector expanded for the second month in a row in November with the rate of growth picking up slightly as exports helped drive stronger output and new orders, a survey showed today.The NCB Purchasing Managers’ Index, which measures Irish manufacturing activity, rose to 51.2 from 50.9 in October, above the 50 mark separating growth from contraction for the second month in a row and at the highest level since July.Ireland’s manufacturing industry and the wider economy is relying on exports, in particular the output of multinationals such as chipmaker Intel, to pull the country out of a prolonged recession.Domestic demand is set to remain subdued given high unemployment and an aggressive series of austerity budgets planned over the next four years following an €85b (£71.5bn) EU/IMF bailout announced on Sunday.“Fiscal and banking issues rightly continue to be the focus in Ireland, but the underlying economy, especially those areas directly involved in exporting are still alive and kicking,” said Brian Devine, economist at NCB Stockbrokers.The output and new order components of the PMI edged up in November from a month earlier while the reading for export orders stood at 54.7, a fraction below the 54.9 recorded in October.Irish businesses are cutting back, in particular wages and jobs, to improve competitiveness after years of spiralling prices during the “Celtic Tiger” economic boom.The picture for employment remained negative, dropping slightly month-on-month although it remained the third-strongest reading in three years. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Ireland’s manufacturing expands in November Tags: NULLlast_img read more


BEST OF THE BROKERS


first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndo Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Monday 13 December 2010 8:00 pm Share Show Comments ▼ BEST OF THE BROKERS center_img GAME GROUPBrewin Dolphin had started covering the retailer with a “buy” rating and a three-month target price of 80p. The broker believes the stock is a strong candidate for active traders due to its volatility, and notes the firm’s market outperformance as mentioned in last week’s trading update. It looks forward to Game’s post-Christmas update on 12 January for further signs of strong sales.BT GROUPRoyal Bank of Scotland rates the telecoms giant “buy” with a target price of 181p. The broker expects several upcoming Ofcom decisions on pensions and price controls to only have a small impact on the company, and believes BT’s 36 per cent outperformance of the sector could have momentum into next year. BRS has upgraded its earnings per share forecasts for 2011 by two to four per cent.DRAXEvolution Securities rates the energy firm “reduce” with a target price of 390p. It expects the company’s shares will weaken following the government’s consultation on the electricity market, with sentiment damaged by talk of a minimum carbon price and . Evo adds that the trend for rising UK gas prices could support longer-term share price growth despite the predicted near-term dip. KCS-content whatsapp whatsapp Tags: NULLlast_img read more


Mothercare issues profit warning


first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof John Dunne Mothercare issues profit warning Mothercare has issued a profit warning after the snow hit its UK business.Like-for-like sales in the last three months of 2010 dropped four per cent as the freezing conditions caused “widespread disruption”.Toy sales were hardest hit after the firm cut off Christmas online orders early to ensure delivery.Chief executive Ben Gordon said: “We estimate that the weather disruption has reduced UK like-for-like sales in the third quarter by approximately four per cent, with toy sales particularly affected.”The company’s international performance was more positive with sales at its overseas franchises up more than17 per cent. center_img Thursday 6 January 2011 2:42 am Share whatsapp Tags: NULLlast_img read more


World Forum: Economies face big risks


first_img KCS-content Show Comments ▼ World Forum: Economies face big risks whatsapp Tags: NULL WORLD governments have been drained of resources after the financial crisis and are poorly-equipped to handle 21st-century global risks, a new study reported yesterday.Governments are less able to tackle emerging global risks such as shortages of natural resources, an ageing world population and fragile states dominated by illegal activity. But the macroeconomic trends that precipitated the credit crunch are still in evidence, the World Economic Forum Global Risks 2011 report said.Huge fiscal imbalances between indebted developed states and debt-free developing economies leave countries vulnerable to excessive and destabilising capital flows, asset price collapses and volatile currencies.These risks are “coming together in a particularly dangerous cocktail,” said World Economic Forum managing director Robert Greenhill.Most advanced countries are running a fiscally unsustainable position, Daniel Hofman, group chief economist at Zurich Financial Services, said. Public debt in countries such as the US, Ireland, Belgium and Italy is now more than 90 per cent of GDP, a level at which it puts a one per cent drag on growth. Ageing populations, as much a threat to China and Brazil as developed countries, will push states far further into debt. Age-related liabilities are estimated to average 440 per cent of GDP in developed countries – or ten times the average cost of the financial crisis. Shortages of vital resources such as food, water and oil will push price volatility on key commodities to new highs, said John Drzik, chief executive of consultancy Oliver Wyman. “We are experiencing a new age of commodity price volatility and many commodities are at all-time price highs,” he said. Volatility has risen dramatically since 2005 and is set to continue as supplies of corn, wheat, oil and metals struggle to meet demand. But Drzik also blamed financial markets for the problem. “Financial speculators will be an unpredictable source of demand, creating even more volatility in prices,” he said.AT A GLANCE | GLOBAL RISKS IN 2011OVERARCHING RISKSGrowing economic disparity both between and within countries is making it harder for governments to tackle crises, while global governance structures are failing to manage disparate national interests.MACROECONOMIC IMBALANCESWeaknesses left in the global economy from the financial crisis, such as high levels of developed country debt, are creating unsustainable imbalances such as currency and inflationary pressures between countries.ILLEGAL ECONOMIESFragile states supporting illicit trade, organised crime and corruption pose a particular risk to global stability. The deterioration in countries such as Afghanistan undermines rule of law and exacerbates poverty, while illicit trade was estimated to be an $1.3 trillion (£835bn) industry in 2009.NATURAL RESOURCESA growing world population is putting unsustainable pressure on resources. Demand for food, water and energy is predicted to rise by 30-50 per cent by 2030. Shortages may increase commodity price volatility and could spark social unrest, political instability and environmental damage.FIVE RISKS TO WATCHThe report tips cyber-security; demographic challenges from ageing populations; resource security; a backlash against globalisation and renewed threat from weapons of mass destruction as five areas that may have severe and under-appreciated consequences. whatsapp Share Wednesday 12 January 2011 8:29 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadavirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.comAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaadvisor15 Plants that Repel Mosquitoes Naturallyadvisorcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestination5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®Mold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search Adslast_img read more


ICBC to double European banks


first_img Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute INDUSTRIAL & Commercial Bank of China (ICBC) will more than double its European presence this month when it opens five new branches.The move is part of a global expansion by China’s biggest lender. The new branches will be located in Milan, Madrid, Brussels, Paris and Amsterdam, adding to its compliment of banks in London, Frankfurt, Moscow and Luxembourg.Meanwhile, the lender said last week it will not conduct fundraising from the capital markets in the next three years, despite intense market speculation. whatsappcenter_img Sunday 16 January 2011 10:54 pm Share ICBC to double European banks Tags: NULLlast_img read more


Johnson Matthey profits rise


first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Wednesday 2 February 2011 7:44 pm Tags: NULL Sharecenter_img KCS-content whatsapp British industrial conglomerate Johnson Matthey said full-year profit should beat its previous expectations, helped by higher precious metals prices and the continued recovery of the global auto industry. The world’s largest supplier of catalytic converters, which is also a platinum refiner and makes speciality chemicals, said yesterday that underlying third-quarter pre-tax profit rose 34 per cent and that it expected good trading in its final quarter. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Johnson Matthey profits rise last_img read more


Tillman mulls Jaeger sale


first_img Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut whatsapp Tillman mulls Jaeger sale whatsapp Show Comments ▼ KCS-content LUXURY fashion brand Jaeger may be put up for sale by owner Harold Tillman, after he received several approaches for the 126-year-old brand.Tillman, who also bought luxury label Aquascutum in 2009, has appointed investment bank Rothschild to consider strategic options for Jaeger, which may include an outright sale worth £100m, according to weekend reports.Fashion entrepreneur Harold Tillman bought Jaeger in 2003 for a small sum and was joined a year later by chief executive Belinda Earl, a former boss of department stores group Debenhams.When Tillman took over the brand had annual losses of £12m. The retailer now has more than 40 stores in the UK and its last results showed earnings of £7m on sales of £85.5m. Tags: NULL Sunday 13 February 2011 10:52 pmlast_img read more


JJB Sports to fight for new rent proposal


first_img Tags: NULL KCS-content Share whatsapp JJB Sports to fight for new rent proposal Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comcenter_img JJB SPORTS was heading for a battle with its landlords and other retailers after confirming its company voluntary agreement (CVA) is to include the renegotiation of two-fifths of its rent payments. The company has warned its biggest landlords, including British Land, Henderson and Prudential, that if its terms for discount rent and tenancy breaks for loss-making shops are not accepted, the entire firm will go down. The struggling sports retailer, which used a similar tactic when faced with bankruptcy in 2009, is also looking to close 45 stores this year and a possible 50 further outlets by the end of 2012. KPMG, which is advising JJB, has begun talks with landlords and hopes to reach a deal within weeks. The Wigan-based firm needs to win support for the CVA from three-quarters of its unsecured creditors and half of all shareholders to avoid administration.Liz Peace, chief executive of the British Property Federation, said the deal could face stern opposition from property owners. “What has concerned landlords are past cases where a retailer had released a store through a CVA and then returned to the same locality shortly afterwards to take a new store on reduced rent,” she said.Meanwhile, one large retailer has threatened to withhold its own rent payments if landlords accept JJB’s terms, according to the weekend reports. The unnamed retailer is said to have called an emergency meeting with other high street names to fight JJB’s plans.Rival sportwear firm JD Sports is thought to have put its takeover advances on hold while JJB garners support for its CVA rescue package. In December, investors including Bill Gates backed a £31.5m fundraising to keep JJB Sports alive after dire trading in the run-up to Christmas, but the firm has warned that further cash injections will be needed. The firm’s lender, Bank of Scotland, has already agreed to give the it leeway in regards to its existing debt facilities. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Sunday 13 February 2011 10:44 pm whatsapplast_img read more


UK is set for steady but slow growth


first_img KCS-content THE British economy is set for “a slow but stable pace of expansion,” the Organisation for Economic Co-operation and Development (OECD) said yesterday.“The OECD indicator is consistent with the view that a modest economic upturn remains intact for the UK, despite a GDP contraction of 0.6 per cent in the final three months of last year,” commented Howard Archer of IHS Global Insight.However, the UK’s prospects remain below those in some OECD member states such as Germany and the US, where “robust expansion” is forecast.The US indicator jumped by 0.6 points in January, recording a score of 103.2. The UK’s indicator has remained steady for three straight months, at 101.9.All scores above 100 point to above average growth. The indicators attempt to predict turning points in economic activity six months ahead.“We project British GDP to grow by 1.6 per cent in 2011,” Archer said.The latest figures bode well for the global economic recovery, with monthly upturns across the OECD area, and specifically in Europe and Asia.January’s scores were up 0.4 points against the previous month, throughout the OECD’s 33 member countries – an annual improvement of 2.1 points, clearly indicating expansion. Monday 14 March 2011 8:49 pm whatsapp UK is set for steady but slow growth Tags: NULL whatsapp Show Comments ▼ Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wraplast_img read more




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