UK GDP Growth Rises In Q4

26 January, 2018, 12:25 | Author: Regina Silva
  • Oil production levels were hit by the shutdown of a major pipeline in December

Head of GDP Darren Morgan said: "Despite a slight uptick in the latest quarter, the underlying picture is of slower and uneven growth across the economy".

"The dominant services sector, driven by business services and finance, increased by 0.6% compared with the previous quarter", the ONS said.

That was the fastest pace of quarterly growth in 2017.

Britain has fallen in the global league table of growth but the figures are vastly better than the Project Fear forecasts of an immediate recession ahead of the vote.

"Other services - notably consumer facing sectors - showed much slower growth", he said, referring to industries such as distribution, hotels, catering, transport and communications.

However, the UK's better-than-expected expansion comes at a time when growth rates in the rest of the G7 are being revised up even more strongly due to the booming global economy.

Growth still looks lacklustre - and somewhat unevenly distributed - with the year-on-year figure of 1.5% the weakest since the first quarter of 2013.

Arsenal back with more clarity after uncertain January: Arsene Wenger
The Italian took the club to the title in 2010 before being axed a year later and is out of work after leaving Bayern Munich. Wenger never looks more like a man who can still cut it at the top level than when he takes on Conte in the cups.

Stock under Trader's Radar: Och-Ziff Capital Management (OZM)
The asset manager reported $0.07 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.03 by $0.04. Och-Ziff Capital Management Group had 33 analyst reports since August 6, 2015 according to SRatingsIntel.

Mahesh Babu take oath as CM in Bharat Ane Nenu first look
First, an audio clip, where Mahesh Babu takes the oath was released and later, he shared his first look from the film. Mahesh Babu's combination of Srimanthuddu with Koratala Siva is giving huge hype for this movie as well.

"Whether this year's growth comes from Britain's seemingly rediscovered mojo, or simply from the United Kingdom riding in the slipstream of a booming global economy, is moot".

And the Bank of England Governor, Mark Carney, speaking at the World Economic Forum in Davos, said that United Kingdom economy is now 1 per cent smaller than the Bank forecast before the 2016 Brexit vote.

"Undoubtedly the United Kingdom is being given a lift by the strength of global (notably euro zone) demand and comes after BoE Governor Carney implied that the UK's slowdown may be more temporary than previously supposed", Peter Dixon, senior economist at German lender Commerzbank said in an email.

At 4.30 am ET Friday, the Office for National Statistics is scheduled to release UK GDP data.

The UK economy is still struggling to bounce back to levels seen in the final quarter of 2016 when GDP rose by 0.6 per cent.

The Bank of England said last month it expected the economy might have slowed slightly in late 2017.

Analysts responding to the news largely agree that the beat will bring forward that hike, with David Owen, chief European financial economist saying it will come "most likely in May, followed by November". The rate was forecast to remain at 0.4%.


  • Sports doctor gets 40 to 175 years in prison

    Sports doctor gets 40 to 175 years in prison

    Simon's resignation was welcomed in Michigan's Legislature, where pressure had been building for her to step down or be ousted. Simon has apologized numerous times to Nassar's victims, including in the first paragraph of her resignation letter .
    PM Modi lays emphasis on Maritime security cooperation with ASEAN

    PM Modi lays emphasis on Maritime security cooperation with ASEAN

    According to statistics released by the Indian government, Asean-India trade almost reached US$72 billion past year . The Philippine leader also stressed the "importance of timely and thorough intelligence gathering and analysis".
    Stay of execution ordered for inmate Vernon Madison

    Stay of execution ordered for inmate Vernon Madison

    Under an Alabama law passed in 2017, judges can no longer do that in cases where defendants are eligible for the death penalty. Alabama lawmakers past year abolished the practice of allowing judges to override a jury's recommendation in capital cases.
  • Trump ordered Mueller's firing but reversed course

    Trump ordered Mueller's firing but reversed course

    Trump also says he doesn't recall asking then-acting FBI Director Andrew McCabe a year ago about whom he voted for in 2016. Kasowitz led the charge into examining possible conflict of interests issues with Mueller conducting the investigation.

    Td Ameritrade Holding Corporation - AMTD - Stock Price Today

    TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. Despite the tumultous week, investors holding steadfast look to continue to see near-term gains despite the global uncertainty.
    Padma Shri actress Supriya Devi passes away

    Padma Shri actress Supriya Devi passes away

    Born in 1935, in pre-independent Burma, she straddled both mainstream and arthouse cinema with equal ease. With the death of Supriya Devi , a big chapter in Bengali film history comes to an end.
  • Manchester United boss Jose Mourinho discusses Cristiano Ronaldo return from Real Madrid

    Manchester United boss Jose Mourinho discusses Cristiano Ronaldo return from Real Madrid

    Mourinho's wish for more attacking options had been granted this week when United sealed a switch for Sanchez that saw £35million-rated midfielder Henrikh Mkhitaryan head in the opposite direction.
    Soros calls Facebook and Google a 'menace' to society

    Soros calls Facebook and Google a 'menace' to society

    But he predicted that Donald Trump , whom he previously branded a "would-be dictator", might not last to the end of his term. Soros believes regulation and taxation will soon break the monopolistic dominance of these companies, Bloomberg reported.

    Institutional Ownership And Insider Trading At Costco Wholesale Corporation (COST)

    It is negative, as 69 investors sold COST shares while 383 reduced holdings. 111 funds opened positions while 484 raised stakes. The investor is now holding $13.38 million shares due in part to a decrease of 1.15 million new shares in their portfolio.
  • Exxon Mobil (XOM) Upgraded at Vetr

    Exxon Mobil (XOM) Upgraded at Vetr

    After $0.09 actual EPS reported by Callon Petroleum Company for the previous quarter, Wall Street now forecasts 44.44% EPS growth. XOM is now overvalued by 1.23% relative to the average 1-year price target of $87.45 taken from a group of Wall Street Analysts.
    Texas Permanent School Fund Trims Stake in Sherwin-Williams Co (SHW)

    Texas Permanent School Fund Trims Stake in Sherwin-Williams Co (SHW)

    Amf Pensionsforsakring Ab increased Fortis Inc (FRTSF) stake by 26,490 shares to 104,260 valued at $3.73 million in 2017Q3. The company estimates that lower tax rates going forward will save it nearly $669 million on its deferred tax liabilities.
    Logan Paul's Japan YouTube videos make up to $90000 despite dead body controversy

    Logan Paul's Japan YouTube videos make up to $90000 despite dead body controversy

    The National Suicide Prevention Hotline answered some two million calls from troubled people previous year . Still, it's hard not to notice a contrast between two quotes from Paul .


VanEck Vectors Gold Miners ETF (GDX) Declines 1.59% for Jan 25
A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Investors and traders may also want to monitor additional technical levels of shares of Agribusiness ETF Vaneck (MOO).

Catalan parliament speaker defends Puigdemont
The Catalan parliament is expected to hold a vote to approve the region's new leader on January 31. The Council of State declined to comment.

Hovde Group Reiterates $22.00 Price Target for First Horizon National (FHN)
First Horizon operates more than 350 bank locations across the southern U.S. and 28 FTN Financial offices across the entire U.S. If you are accessing this report on another site, it was stolen and reposted in violation of global copyright & trademark law.

Penn State upsets No. 13 Ohio State at the buzzer
Carr's circus shot sealed an 82-79 victory for Penn State , easily the Nittany Lions' most impressive win of the season so far. A costly turnover for the Nittany Lions led to another Bates-Diop three, and the Buckeyes were within three.

European business execs applaud Donald Trump's tax cuts at Davos
The comment breaks with two decades in which Treasury chiefs regularly backed a strong dollar. He warned that the USA itself could respond to any retaliation from Beijing.

Trump Warns Palestinians US Aid Tied to Peace Talks
So we'll see what happens with the peace process, but respect has to be shown to the USA or we're just not going any further. The last peace talks collapsed in April 2014. "I can't envisage a one-state solution that would be acceptable", he said.

Juniper Networks, Inc. (JNPR), Cabot Oil & Gas Corporation (COG) — Optimistic Trending Companies
The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. Etrade Cap Mgmt Limited Liability, a New York-based fund reported 118,939 shares. 38,625 are held by Noesis Cap Mangement.

Crown Castle International Corporation (NASDAQ:CCI) To Report Earnings
Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 19th. Peconic Partners Llc decreased Hi (NYSE:HCLP) stake by 40,000 shares to 67,380 valued at $640,000 in 2017Q3.

Kylie Jenner's lips have everyone convinced that she is pregnant
First, no one seems to understand why Kylie Jenner would choose to disappear from social media just because she's pregnant. Take a look at her pictures and let us know what you think!

Ford Motor (F) Insider Hau N. Thai-Tang Sells 18000 Shares
According to their observations and findings, the stock could provide a high EPS of $1.53/share and a low EPS of $1.11/share. It has underperformed by 33.33% the S&P500. (CBS.A) by 11.63% based on its latest 2017Q3 regulatory filing with the SEC.