Olesya's Feed
Aug 1, 2013

British economy heats up on the factory floor

LONDON (Reuters) – British manufacturing grew at its fastest rate in well over two years at the start of the third quarter, in a strengthening recovery that looks set to boost the economy, a survey showed on Thursday.

The Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) jumped to 54.6 in July from an upwardly revised 52.9 in June, its fourth straight month of expansion.

Jul 25, 2013

Britain’s economy picks up speed in second quarter, still below peak

LONDON (Reuters) – Britain’s economy sped up between April and June on the back of stronger spending by consumers and businesses and giving a boost to the government less than two years before an election.

It came at the same time as a raft of UK company earnings reports showing growth picking up.

Jul 25, 2013

UK economy seen doubling pace of growth in second quarter

LONDON (Reuters) – Britain’s economy probably expanded faster in the second quarter than in the first, helped by growing confidence among consumers and by signs that companies are ready to borrow and spend more.

Official statistics due out at 0930 BST on Thursday are expected to show that growth came to 0.6 percent in the April-to-June period compared with the previous quarter, according to a Reuters poll of economists.

Jul 10, 2013

Britons await Carney’s guidance on interest rates

BURNHAM-ON-SEA, England, July 10 (Reuters) – Jack Horwood,
from his quiet seaside town, has a message the new governor of
the Bank of England will want to hear.

Horwood says he will spend more money if Mark Carney can get
his trademark economic policy right.

Jul 1, 2013

UK economy shows signs of life as Carney starts at BoE

LONDON (Reuters) – There was good news for Mark Carney when he took over as governor of the Bank of England on Monday – some fresh signs of recovery in Britain’s economy.

A couple of hours after Carney beat the commuter crowds on London’s Underground to start his first day at the central bank, data showed that British manufacturing enjoyed its strongest growth in more than two years in June.

Jul 1, 2013

UK economy shows signs of life as Carney starts at Bank of England

LONDON, July 1 (Reuters) – There was good news for Mark
Carney when he took over as governor of the Bank of England on
Monday – some fresh signs of recovery in Britain’s economy.

A couple of hours after Carney beat the commuter crowds on
London’s Underground to start his first day at the central bank,
data showed that British manufacturing enjoyed its strongest
growth in more than two years in June.

Jun 26, 2013

Interest rate guidance could help gilt market – DMO chief

LONDON (Reuters) – Guidance from the Bank of England on the direction of interest rates could help the UK bond market by reducing uncertainty for investors, Britain’s chief debt issuer said on Wednesday.

Incoming Governor Mark Carney, who starts as head of the Bank next week, is expected to start spelling out how long or in what circumstances interest rates will remain low, to bring clarity and avoid derailing Britain’s nascent economic recovery.

Jun 26, 2013

Interest rate guidance could help gilt market – UK debt chief

LONDON, June 26 (Reuters) – Guidance from the Bank of
England on the direction of interest rates could help the UK
bond market by reducing uncertainty for investors, Britain’s
chief debt issuer said on Wednesday.

Incoming Governor Mark Carney, who starts as head of the
Bank next week, is expected to start spelling out how long or in
what circumstances interest rates will remain low, to bring
clarity and avoid derailing Britain’s nascent economic recovery.

Jun 20, 2013

Rebound in UK retail sales signals solid second quarter

LONDON, June 20 (Reuters) – British retail sales bounced
back much more than expected in May, adding to evidence of
accelerating economic growth in the second quarter and easing
some of the pressure on the central bank to boost the economy.

The Office for National Statistics said on Thursday sales
volumes grew 2.1 percent on the month, after posting the
sharpest fall in a year in April. May’s rise was the biggest
since February. Compared with a year earlier, sales rose 1.9
percent, again the fastest increase since February.

Jun 19, 2013

BoE, still divided, flags market impact of Fed uncertainty

LONDON (Reuters) – Bank of England policymakers acknowledged earlier this month that further market volatility could be on the way because of uncertainty about the direction of U.S. monetary policy, but came no closer to shifting their own stance.

Minutes of its latest policy meeting, released on Wednesday, show the Bank remained deadlocked over whether to restart its own asset-buying stimulus, with outgoing Governor Mervyn King again in a minority voting for another 25 billion pounds of asset purchases.

    • 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