Olesya's Feed
Feb 5, 2013

Surprise growth in UK services cuts chance of recession

LONDON (Reuters) – Britain’s dominant service sector unexpectedly returned to growth in January and optimism among firms jumped, reducing the chances of a triple-dip recession.

The Markit/CIPS Purchasing Managers’ Index for services, published on Tuesday, rose to 51.5 from 48.9 in December when the sector shrank for the first time in two years.

Feb 5, 2013

UK service sector grows in January, outlook brightens – PMI

LONDON (Reuters) – Britain’s dominant service sector returned to growth in January and optimism among companies jumped, a survey showed on Tuesday, reducing the chance of the economy falling back into recession.

The Markit/CIPS Purchasing Managers’ Index (PMI) for services rose to 51.5 from 48.9 in December, when the sector shrank for the first time in two years.

Feb 5, 2013

UK service sector grows in January, outlook brightens

LONDON (Reuters) – Britain’s dominant service sector returned to growth in January and optimism among companies jumped, a survey showed on Tuesday, reducing the chance of the economy falling back into recession.

The Markit/CIPS Purchasing Managers’ Index for services rose to 51.5 from 48.9 in December, when the sector shrank for the first time in two years.

Feb 1, 2013

UK manufacturing growth in January eases recession fears

LONDON (Reuters) – Britain’s manufacturing sector again expanded modestly in January, raising hopes the economy can avoid a new recession, although activity grew less than a month before and was below expectations.

Factory output, however, grew at the fastest pace since September 2011, the survey published on Friday showed. Lower factory output was a key reason for a contraction in the last quarter of 2012 which left Britain’s economy within sight of its third recession in four years.

Feb 1, 2013

UK manufacturing growth eases recession fears

LONDON (Reuters) – Britain’s manufacturing sector again expanded modestly in January, raising hopes the economy can avoid a new recession, although activity grew less than a month before and was below expectations.

Factory output, however, grew at the fastest pace since September 2011, the survey published on Friday showed. Lower factory output was a key reason for a contraction in the last quarter of 2012 which left Britain’s economy within sight of its third recession in four years.

Jan 30, 2013

Mortgage data points to boost from Bank of England scheme

LONDON (Reuters) – Home loan approvals in Britain rose last month to the highest since January 2012, a sign that a Bank of England scheme may be starting to boost the flow of credit and support a flagging economy.

Net mortgage lending also jumped sharply to its highest level since April, offering hope that the bank’s Funding for Lending Scheme – which went into operation in August – is starting to bear fruit.

Jan 30, 2013

UK home loans point to boost from central bank scheme

LONDON, Jan 30 (Reuters) – Home loan approvals in Britain
rose last month to the highest since January 2012, a sign that a
Bank of England scheme may be starting to boost the flow of
credit and support a flagging economy.

Net mortgage lending also jumped sharply to its highest
level since April, offering hope that the bank’s Funding for
Lending Scheme – which went into operation in August – is
starting to bear fruit.

Jan 25, 2013

UK investors want more inflation-linked gilts -debt office

LONDON, Jan 25 (Reuters) – Bond dealers and investors have
urged Britain to issue more inflation-linked gilts, two weeks
after the relevant inflation measure was spared changes that
could have cut future returns to investors.

Minutes published on Friday of the annual consultation
meeting between Britain’s Debt Management Office, the finance
ministry and gilt market-makers and investors also noted some
demand for gilts linked to the consumer price index (CPI) rather
than the retail price index (RPI).

Jan 25, 2013

Britain’s economy shrinks anew, flirts with “triple dip”

LONDON (Reuters) – Britain’s economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London’ Olympics pushing it perilously close to a “triple-dip” recession.

The country’s gross domestic product fell 0.3 percent in the fourth quarter, the Office for National Statistics said on Friday, a sharper fall than the 0.1 percent decline forecast by analysts.

Jan 25, 2013

UK economy shrinks anew, flirts with “triple dip”

LONDON (Reuters) – Britain’s economy shrank more than expected at the end of 2012 with a slump in North Sea oil production, lower factory output and a hangover from the London Olympics pushing it perilously close to a “triple-dip” recession.

Britain’s gross domestic product fell 0.3 percent in the fourth quarter, the Office for National Statistics said on Friday, a sharper fall than the 0.1 percent decline seen by analysts.

    • 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
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