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Tag Archives: Uk Economy

Overnight Market News – May 25, 2010

25-May-10

UK Economy Grows Faster Than Previously Estimated in the First Quarter, Expanding 0.3% Up From the Original Estimate of 0.2% Marks & Spencer Group Plc’s Fiscal 2009 Full-Year Earnings Tops Estimates as Net Profit Rises 4.6% to GBP 632.5mm Nokia Corp and Yahoo! Inc Announce Mobile Web Partnership Aimed at Strengthening Their Presence in Emerging [...]

Overnight Market News – November 25, 2009

25-Nov-09

UK Economy Contracts at a Slower Pace Than Originally Reported in the Third Quarter, Shrinking 0.3% Versus 0.4% Initially Estimated US Commerce Department is Expected to Report This Morning New Home Sales in October Rises 2% from the Prior Month Japan Exports Fall at its Slowest Annual Rate in a Year in October, Declining 23.2% [...]

Uk Economy Still In Recession

24-Oct-09

Despite hopes for an end to the recession, the United Kingdom Office of National Statistics reported yesterday that the UK economy fell into recession for a sixth straight quarter, making it the longest downturn on record. The UK’s third quarter domestic Gross Domestic Product (GDP) declined by 0.4% from the previous quarter, thwarting hope for [...]

UK Economy Expected To Contract in 2009

04-Sep-09

The Organisation for Economic Co-operation and Development (OECD) came bearing good news for the global economy, except -that is- for the UK. The OECD expects global growth to rebound more quickly than it initially forecasted, but added that the UK economy would contract by 4.7% this year, worse than its previous expectation of 4.3%, and [...]

Overnight Market News – July 24, 2009

24-Jul-09

Microsoft Corp Sales Fall for Second Consecutive Quarter, Dropping 17% to USD 13.1B for its Fourth Quarter Behind Forecasts of USD 14.4B UK Economy Shrinks by 0.8% in Second Quarter from Previous Quarter, More than Double Economists’ Forecast of a 0.3% Contraction South Korea Economy Grows by 2.3% in Second Quarter from Previous Three Months, [...]

Overnight Market News – July 20, 2009

20-Jul-09

CIT Group Inc to Announce Deal for USD 3B Rescue Financing from Bondholders to Avoid Bankruptcy National Association for Business Economics’ (NABE) Quarterly Survey Indicates US Economy Appears to be Improving, but Downturn Not Over UK Economy to Contract 4.5% in 2009, Worse than Government’s Forecast of 3.5% and the Biggest Decline in A Single [...]

UK Economy Reports Worst Contraction in 50 Years

01-Jul-09

The UK Economy has definitely seen better days, as yesterday it reported the worst contraction in 50 years, as the economy shrank by 2.4% in Q01 2009. This was significantly higher than the 1.9% decline previously reported by the Office for National Statistics (ONS). The revised contraction also exceeded analysts’ forecasts of 2.1%. The Office [...]

Overnight Market News – June 30, 2009

30-Jun-09

UK Says Economy Shrank by 2.4% in Q01 2009, Sharper than Previous Estimate of a 1.9% Decline and Worst Contraction Since 1958 Japan’s Jobless Rate Jumps to 5.2% in May from 5.0% in April, Highest Level in Almost 6 Years European Inflation Posts First Annual Decline of 0.1% in June on Declining Energy and Food [...]