Olesya's Feed
Oct 15, 2013

Inflation fails to slow, house prices jump

LONDON (Reuters) – British inflation was higher than expected in September and house prices posted their biggest rise in almost three years in August, adding to scepticism about how long the Bank of England can hold down interest rates.

Annual consumer price inflation was unchanged from August according to the Office for National Statistics data on Tuesday, defying forecasts for a tick-down to 2.6 percent.

Oct 15, 2013

British inflation fails to slow, house prices jump

LONDON, Oct 15 (Reuters) – British inflation was higher than
expected in September and house prices posted their biggest rise
in almost three years in August, adding to scepticism about how
long the central bank can hold down interest rates.

Annual consumer price inflation was unchanged from August
according to the Office for National Statistics data on Tuesday,
defying forecasts for a tick-down to 2.6 percent.

Oct 4, 2013

British car sales surge back up to pre-recession levels

LONDON, Oct 4 (Reuters) – New car sales in Britain soared to
their highest level in more than five years last month, lifted
by a brighter outlook for the economy, attractive financing
deals and demand for new fuel-efficient models.

New car registrations surged 12.1 percent compared with a
year ago to 403,136 units, the Society of Motor Manufacturers
and Traders said on Friday.

Oct 3, 2013

UK service sector Q3 growth strongest in 16 years

LONDON (Reuters) – Britain’s huge service sector rounded off its strongest quarter in more than 16 years with solid growth in September, suggesting the economy is approaching the momentum of pre-crisis days.

The main Markit/CIPS Purchasing Managers’ Index for services, which make up more than three-quarters of the economy, came in at 60.3 last month, just off August’s near-seven-year high of 60.5 and far above the 50 level that indicates no change in activity.

Oct 3, 2013

Service sector third-quarter growth strongest in 16 years – PMI

LONDON (Reuters) – Britain’s huge service sector rounded off its strongest quarter in more than 16 years with solid growth in September, suggesting the economy is approaching the momentum of pre-crisis days.

The main Markit/CIPS Purchasing Managers’ Index (PMI) for services, which make up more than three-quarters of the economy, came in at 60.3 last month, just off August’s near-seven-year high of 60.5 and far above the 50 level that indicates no change in activity.

Sep 30, 2013

UK mortgage deals at five-year high

LONDON (Reuters) – British mortgage approvals hit their highest level in more than five years last month in a revival that is likely to get another boost from a government scheme due to start next month.

Prime Minister David Cameron at the weekend unexpectedly brought forward the launch of a state-supported mortgage guarantee initiative that critics say risks stoking a housing bubble.

Sep 30, 2013

UK mortgage deals at 5-year high, more help on its way

LONDON, Sept 30 (Reuters) – British mortgage approvals hit
their highest level in more than five years last month in a
revival that is likely to get another boost from a government
scheme due to start next month.

Prime Minister David Cameron at the weekend unexpectedly
brought forward the launch of a state-supported mortgage
guarantee initiative that critics say risks stoking a housing
bubble.

Sep 26, 2013

British GDP growth at three-year high, but investment falls

LONDON (Reuters) – Britain’s economy grew at its fastest pace in three years in the second quarter, probably helped by a one-off tax change, but business investment fell, raising some questions about the recovery’s prospects.

Growth between April and June was 0.7 percent compared with the previous three-month period, in line with the previous reading, the Office for National Statistics said on Thursday.

Sep 26, 2013

GDP growth at 3-year high, but investment falls

LONDON (Reuters) – Britain’s economy grew at its fastest pace in three years in the second quarter, probably helped by a one-off tax change, but business investment fell, raising some questions about the recovery’s prospects.

Growth between April and June was 0.7 percent compared with the previous three-month period, in line with the previous reading, the Office for National Statistics said on Thursday.

Sep 18, 2013

Sterling hits 8-month highs, gilt yields rise after BoE minutes

LONDON (Reuters) – Minutes from the Bank showing policymakers less inclined to opt for more stimulus propelled sterling to eight-month highs on Wednesday and led investors to bring forward expectations of when interest rates will rise.

UK government bond yields also rose as the minutes suggested Monetary Policy Committee members were encouraged by growing evidence of a strengthening UK economy and not too concerned about rising market borrowing costs.

    • About Olesya

      "Olesya Dmitracova joined Reuters as a graduate trainee. She has spent a year in the Reuters Moscow bureau covering general and political news in Russia and the CIS. Since 2007 she’s been based in London, first as an investment banking reporter and since 2009, covering humanitarian crises and corruption issues worldwide for AlertNet and TrustLaw websites run by the Thomson Reuters Foundation. Before joining Reuters, Olesya had worked for the BBC World Service and regional media in Britain."
      Hometown:
      Balti, Moldova
      Joined Reuters:
      2005
    • Follow Olesya