Eurozone consumer confidence worsens

first_img Eurozone consumer confidence worsens Share alison.lock Show Comments ▼ Thursday 20 January 2011 11:37 am whatsapp 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 Wrapcenter_img Analysts say strong demand is crucial for making eurozone economic growth self-sustaining – but austerity measures ordered by many governments, as well as turmoil on financial markets, limits such consumer demand.“It is likely that higher inflation and the increasing fiscal squeeze in many countries is increasingly weighing down on confidence,” said Howard Archer, chief European analyst at IHS Global Insight.“In addition, consumers are likely worried that the euro zone’s heightened sovereign debt problems could increasingly feed through to hurt economic activity,” he added. whatsapp Tags: NULL Eurozone consumer confidence fell to a five-month low in January as the single currency area struggled to contain a sovereign debt crisis, the latest EU statistics have shown.The European Commission said in a flash estimate that consumer morale in the 17-country currency area was at -11.4 in January, down from -11.0 in December.In the wider 27-nation European Union, consumer sentiment declined to -12.8 from -12.1.Ben May of Capital Economics said the news would “further dent hopes of a sustained consumer recovery this year.”“The hard data on household spending have recently been pretty disappointing. And given that the fiscal squeeze has not got going properly yet in the core and wage growth is likely to slow across the region this year, we continue to think that a sustained consumer revival is unlikely in 2011,” he said.last_img read more

LSE sees sales lifted in the third quarter

first_imgThursday 27 January 2011 8:52 pm Share whatsapp 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Show Comments ▼ KCS-content center_img THE London Stock Exchange reinforced its position as Europe’s leading bourse yesterday with a solid third-quarter trading update yesterday.The exchange beat analysts’ expectations with revenue of £165.9m in the three months to December, a six per cent rise over that period in 2009. The increase was largely due to income from its central counterparty clearing business, which grew by a third to £38.7m compared with the same period a year earlier on the back of a 330 per cent jump in treasury management income. But in a sign of growing competitive pressure from alternative exchange platforms such as Chi-X and BATS Europe, capital markets revenues fell four per cent to £69.4m. Primary market income continued to grow, with new share issues up 75 per cent and revenue up five per cent to £19m, but the value of cash equities traded dropped 15 per cent in the quarter, and derivatives income fell by almost 20 per cent. Strong growth in the money markets saw its fixed income trading division post a nine per cent gain and generate £8.3m – but overall secondary market revenue fell nine per cent.Numis analyst James Hamilton said the LSE “has performed well over the last year with the improvement in equity markets,” but cautioned that “the competitive environment and inevitable long-run price compression” would hurt long-term growth.Shares closed up 5.5p at 873p. LSE sees sales lifted in the third quarter whatsapp 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

Ocado losses narrow after shaky float

first_imgTuesday 1 February 2011 8:52 pm ONLINE grocery delivery company Ocado yesterday said its losses had narrowed in 2010 – after it weathered the storm following a controversial stock market float.The internet retailer halved its pre-tax loss to £12.2m.Meanwhile it made pre-tax profit of £300,000 for the final quarter – the first profit it has recorded.Ocado chief executive Tim Steiner, a former Goldman Sachs banker, told City A.M.: “We are ahead of our forecasts and are doing well because we are so customer focused. During the harsh winter weather our vans were well equipped to continue deliveries.“Also our delivery service via mobile phone apps has been extremely successful.”Ocado was formed in 2000 by Steiner and two other Goldman Sachs bankers and floated in July, much to the derision of some analysts who claimed the £1bn value being touted was excessive. Its shares finally floated at 180p each, lower than hoped.The company spent £3.5m on getting the float away, including a bill to public relations specialists helping to argue Ocado’s case for expansion. Steiner added: “We understand that because our business model is new some analysts were not sure about the float.“However we were confident and we are doing what we said. People are entitled to their opinions and we have no problem with that.” Ocado shares surged 13.6 per cent yesterday.But some sceptics remain, with Philip Dorgan at Altium saying in a note yesterday: “The 2010 results are irrelevant to the valuation argument… We have set out our stall with the bears because we don’t believe that Ocado is capable of generating superior returns.”GOLDMAN SACHSINVESTMENT bankers took around £12m in fees for advising on the flotation of Ocado. They will no doubt be breathing a sigh of relief that the company is living up to its forecasts after a jittery start, with its float price slashed at the eleventh hour. Goldman Sachs, as main adviser, will be the chief beneficiary while JP Morgan Cazenove and UBS also pitched in to help the float get off the launchpad despite scepticism among some analysts.The remainder was split between Barclays, Lloyds Banking Group, HSBC, Numis Securities and Jefferies.Ocado’s float plan was attacked by some institutional investors who insisted that the business was overvalued. But with big hitters among the advisers, the online retailer was in a strong position to win over the bigger investors. Two of the banks that were advising Ocado, Goldman and UBS, are among the shareholders in the firm. Ocado floated on the stock market last July at 180p, but the shares quickly tanked. However, the price has since risen. The shares surged 13.6 per cent to 247.7p at the close of trading yesterday – and the latest figures are being used as evidence that the company has a bright future. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 ItLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp KCS-content Share Ocado losses narrow after shaky float whatsapp Tags: NULLlast_img read more

CBI: small factory jobs growth hits 15-year peak

first_img Show Comments ▼ Sunday 6 February 2011 10:21 pm DOMESTIC demand for British produced goods picked up in the three months to January, boosting production for small manufacturers, a Confederation for British Industry (CBI) survey showed today.And small and medium sized manufacturing companies are increasingly optimistic about export prospects for the year ahead.While the growth in domestic orders remained modest, it accelerated at the fastest rate since January 1997, the CBI said.And a positive balance of 10 per cent of surveyed manufacturers said they had increased employment — the sharpest rate of growth since April 1995.“Manufacturing is one of the few bright spots in the economy,” said the CBI’s Lucy Armstrong.However, inflationary pressures are squeezing the UK’s factories. A positive balance of 28 per cent of respondents reported an increase in average unit costs, while a balance of +31 per cent expect costs to further increase in the next quarter.And manufacturers “are being forced to pass these costs onto customers,” Armstrong said. KCS-content Tags: NULL Sharecenter_img whatsapp 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 PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 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 CBI: small factory jobs growth hits 15-year peak whatsapp 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 Prooflast_img read more

Hunger for mining shares sees FTSE stay above 6,000 level

first_img 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 PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Share Hunger for mining shares sees FTSE stay above 6,000 level whatsapp KCS-content Monday 7 February 2011 7:48 pm Show Comments ▼ MINERS lifted Britain’s top share index higher yesterday, driven by record metal prices and results from Randgold.The FTSE 100 closed 53.65 points, or 0.9 per cent, firmer at 6,051.03, its highest finish since 18 January and marking the fourth gain in the past five trading days.“A fresh year high is being eyed with worries over the impact euro zone debt problems and the political troubles in the Middle East fading,” CMC Markets head of equities Jimmy Yates said. “It will be interesting to see if traders have the mettle to see it through that level (6,090.49) and hold onto gains.”Nicole Elliott, a technical analyst at Mizuho Corporate Bank, said the index was not far short of substantial resistance levels, with January’s high at around 6,090 and the 2006 high of 6,137 both being watched.“All this is despite weaker-than-expected payrolls figures last Friday, and is a confirmation of the appetite investors still have for shares and how they are willing to shrug off the odd piece of disappointing-economic news. The next big target for the FTSE 100 is the 6,300 area, last seen in May 2008. Although shares in the UK have had a choppy start to the year, at the moment there is no reason to doubt that the buyers are still happy to pick up shares on weakness – it would not be surprising to see further gains as the week goes on,” said David Jones, chief market strategist at IG Index.Miners added most points to the index, spurred by record copper prices and boosted by upbeat corporate results.Randgold Resources, up 2.6 per cent, posted a 43 per cent jump in profit and raised its dividend 18 per cent.Xstrata, set to report today, gained 3.6 per cent, helped by bullish comment from Citigroup and Nomura. Rio Tinto, which reports later in the week, was up 2.9 per cent.Energy stocks climbed as appetite for riskier assets strengthened among investors, with BG Group 0.8 per cent higher ahead of results due today.Can maker Rexam firmed 3.4 per cent. The company has appointed Barclays Capital to sell its beverage and specialties arm in a deal that could be worth £200m.ARM Holdings was the top blue-chip gainer, 3.9 per cent higher, as Numis raised the chip designer’s price target to 660 pence on promising long-term revenue drivers.On the downside, BT Group shed 1.5 per cent as investors locked in profit following results on 3 February.Meanwhile, insurers Old Mutual and Resolution dipped 0.9 per cent and 1.6 per cent respectively on the back of recent strength. The sector has been supported by bullish broker comment and persistent M&A speculation.Small-cap Lloyd’s of London insurer Chaucer said it had received takeover approaches from an unspecified number of suitors, lifting its shares 17 per cent.There was little key economic data early this week for investors looking to the Bank of England’s monthly interest rate decision, due on Thursday. No changes were expected to the 0.5 per cent official bank rate or an increase to the BoE’s quantitative easing programme.“I think we are seeing, with copper hitting a new high, that there is concern over inflation, and at some point, if it is not this week it will be very soon, that the Bank will raise rates,” Capital Spreads head of sales Angus Campbell said.Money markets see a 10-20 per cent chance of a rise in the official bank rate on 10 February. Tags: NULLlast_img read more

Legal and General names new chief

first_imgWednesday 9 March 2011 10:50 am Share whatsapp whatsapp 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 TimesUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo Legal and General names new chief Legal & General Investment management unit, the largest pension funds manager in the UK, has promoted the head of its American operations to chief executive as it eyes international business.Legal & General named Mark Zinkula to head Legal & General Investment Management (LGIM), which has £342bn in funds under management.Zinkula has been the chief executive of Legal & General Investment Management America (LGIMA) since 2008.“Mark’s appointment as cjief executice of LGIM,…signals the group’s ongoing commitment to expand LGIM in international markets,” L&G said in a statement.“Asset management is an increasingly valuable core business for the Legal & General Group,” said Tim Breedon, L&G group chief executive.Zinkula succeeds Kevin Gregory, COO and interim LGIM CEO, who took over in April 2010 after Peter Chambers announced his retirement. Zinkula will report to Breedon. center_img John Dunne Tags: NULL 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 Wrap Show Comments ▼last_img read more

BEST OF THE BROKERS

first_img Show Comments ▼ Monday 28 March 2011 7:31 pm KCS-content BSKYBNomura rates the media group “buy” with a target price of 828p. The broker hopes the firm’s results next month will show resilience in the face of an almost unprecedented UK consumer slowdown, following strong performance in the last two years. Nomura expects an 8.7 per cent rise in revenue to £1.64bn for the quarter, with earnings per share up 15 per cent year-on-year to 8.7p.BG GROUPJP Morgan Cazenove rates the gas explorer “overweight” with a target price of £16. The broker expects liquefied natural gas (LNG) supplies to command a premium price thanks to the unrest in the Middle East and sudden demand from Japan, which the market has not appreciated due to the lack of public spot pricing for the fuel, the broker says. JPM thinks BG Group is best placed to play the potentially drastic shift in prices.BNP PARIBASRBS rates the French bank “sell” with a target price of €50 (£44). The broker thinks the bank, alongside Societe Generale, will be affected by rising short-term interest rates, given its big exposure to a flattening yield curve within Europe. RBS also warns that the new Basel III liquidity rules would hit French banks the hardest if implemented in their current form – a real risk, the broker adds – because of their current asset structure. 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 Wrap 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img Share whatsapp whatsapp BEST OF THE BROKERS Tags: NULLlast_img read more

Inflation worries hits Germany

first_img KCS-content German consumer confidence will decline for the first time in ten months in April, researchers GfK said yesterday. Spiralling energy and food price pressures were cited for the uncertain outlook. However, German inflation remained stagnant at 2.1 per cent in March, official data showed. Share whatsapp 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 Famous, Now She Works In {State}MoneyPailSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Tags: NULLcenter_img whatsapp Tuesday 29 March 2011 8:39 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Inflation worries hits Germany Show Comments ▼last_img read more

Portugal sells €1.65bn in bonds at higher yields

first_img Portugal’s borrowing costs have risen sharply but less than expected in a bond auction today and the hefty amount sold signals the country should be able to repay its maturing debt this month.Portuguese bond yields have spiked to euro lifetime highs this week, pushed by a government collapse that has led to downgrades by credit rating agencies and mounting pressure for the it to ask for an international bailout.The IGCP debt agency sold €1.645bn (£1.5bn) in June 2012 bonds, higher than the initially indicated offer of €1.5bn, with demand outstripping supply by 1.4 times.The average yield on the June 2012 bond rose to 5.793 per cent from 3.159 per cent in the sale in July. The same maturity yielded over seven per cent bid in the secondary market earlier today. Share Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp whatsapp alison.lock Portugal sells €1.65bn in bonds at higher yields Friday 1 April 2011 7:24 am Tags: NULLlast_img read more

Tide is turning towards interest rate hike, says Bank’s Sentance

first_imgSunday 10 April 2011 11:39 pm THE BALANCE of opinion is turning towards a gradual rise in interest rates, the Bank of England’s chief hawk Andrew Sentence said yesterday.“I’m not sure I am swimming against the tide because I think the balance of opinion has been shifting in that direction,” Sentance said, referring to the growing support for normalisation of Bank rate on the monetary policy committee.Sentance was a lone voice on the committee for much of last year, voting for higher rates from June onwards. This year he has been joined by two other members of the committee – Martin Weale and Spencer Dale – who are voting for a rise. Weale and Dale want a 0.25 per cent rise, while Sentance is pushing for 0.5 per cent.Many of the factors pushing up prices in the UK may not be as “temporary” as some economists predict, Sentance said on Sky News.“We can see the VAT impact is going to be temporary but some of the other factors coming from the global economy, we can’t be sure that they will subside quickly because the world economy is growing strongly,” he added. KCS-content Tide is turning towards interest rate hike, says Bank’s Sentance whatsapp 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrapcenter_img Share 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Show Comments ▼ Tags: NULLlast_img read more