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| UK PPI Soars, Trade Deficit Narrows |
| May 12, 5:48 PM EDT
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| Producer price at the end of April jumped 7.5% from 6.5% at the end of March. The rise in the index was highest since 1985. |
UK traded deficit in March narrowed to £4 billion from £4.3 billion in February afte the February deficit was revised from the prevous estimate of £4.4 billion. The first quarter deficit on trade in goods and services widened to £13.4 billion compared with £13.1 billion deficit in the fourth quarter of 2007. Cairn Energy led advancers in the FTSE 100 index shares with a rise of 4% followed by increases in Kingfisher of 3.7%, in Centrica Plc of 2.7% and in G4S Plc of 2.7%.
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• BoE £50 B Plan, UK Stocks Fall
• Public Deficit Widens, RBS to Raise
• Taylor Wimpey Caution, BoE Auction
• Financials, Miners, Commodities Sur
• UK Producer Price Rises, Stocks Dow
• Mortgage Worries Drag UK Lower
• BoE Rate Cut, RWE Bids for British
• UK Output increases, Confidence Dip
• UK Home Prices Decline, Stocks Foll
• British Energy Surges. UK Stocks Ri
• Lloyds Leads UK Stocks Decline
• UK Banks Rise, Home Builders Fall
• Home Prices Decline, Friends Provid
• ECB Offer 6-month Loans, Pound Decl
• Record Libor Rate, Kingfisher Down
• UK Retail Sales Rise, Stocks Declin
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Bovis Homes Group Profit Falls 6%
Mar 10, 2:57 PM EDT |
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| Second half profit slumped 17% from a year ago to £45.8 million as the average selling price slid 2.3% to £179,500 and the number of plots fell 10%. |
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The most profitable homebuilder in the U.K. Bovis Home Group said that its annual revenues declined 7% from a year ago to £555.7 million as average sales prices fell 2% to £179,500, while legal completions fell 6% year-on-year to £2,930. Operating profit for the year also plummeted 10% to £124,4 million from £137 million last year. The company proposes full-year dividend of 35 pence per share |
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UK Annual CPI Inflation Rises to 3% in April
May 13, 8:13 AM EDT |
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| Retail Price Index inflation rose to 4.2% in April, up from 3.8% in March. |
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Consumer Price Index annual inflation – the Government’s target measure – was up from 2.5% in March to 3% in April. The largest upward contribution to the change in the CPI annual rate came from housing and household services due to changes in the price of gas, electricity and heating oil. |
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Allocation and Appraisal
Feb 21, 9:16 AM EST |
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Using an absolute valuation-based approach to fund management, the Royal London
European Growth Trust seeks to achieve capital growth by investing mainly in quoted
European equities. The fund manager Kevin Lilley bases his portfolio construction on the macro background in the marketplace because he believes that stocks’ profitability is dependent on what happens within the economic cycle.
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The Accumulated Wealth of Nations
Apr 25, 2:52 PM EDT |
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When there is a deficiency of information, speculations are abundant. The Sovereign Wealth Funds, established to preserve the accumulated capital in different nations, are often the subject of criticism and mistrust in Europe and the U.S. Rupert Neil Bumfrey clearly explains the role and nature of these funds, both for their own economies and the West. |
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