Archive for June, 2010

Economy boost as business investment soars

The Office for National Statistics (ONS) today reported business investment in Britain soared in the first quarter of the year, suggesting the economic recovery is gathering pace.
According to the ONS, business investment grew 7.8% to £29.14 billion in the period – an improvement on the 6% increase initially reported, but 7.7% down on the same [...]

Stock markets recover as euro zone banks borrow less than expected

Global stock markets were rocked yesterday with the news that euro zone banks may face funding difficulties after it was revealed that the European Central Bank (ECB) would not be offering 12-month loans.
A year ago, the ECB was forced to offer European banks 12-month loans at low interest rates to help them survive the financial [...]

Drugmaker AstraZeneca leads gains in London

European equities markets were mostly higher Wednesday, but gains were limited by a report from ADP Employer Services said that the US added fewer new jobs in the private sector in June than had been expected, with a gain of only 13,000 new jobs, many fewer then the 60,000 that had been anticipated.
The FTSE 100 [...]

High temperatures will boost retail sales

Earlier this month, the Office for National Statistics (ONS) revealed a strong performance on the High Street for the month of May – boosted by the sales of televisions in the build-up to the World Cup tournament.
However, England’s early exit from the World Cup coincided with a heatwave and according to retail analysts, sales of [...]

Ireland finally emerges from recession

Ireland has finally exited a prolonged recession after figures revealed the economy grew by 2.7% in the January to March period.
It was believed that Ireland had exited recession in the third quarter of last year but an initial estimate of growth was later revised to show a contraction within the economy.
As a result, Ireland is [...]