Established 1999
     
8,000 companies from USA and India.  
   
Search over 34,500 News & Earnings Database    
 
Market Update : 
UK GDP Shrinks 0.5%, Pound Falls
Author: 123jump.com Staff
123jump.com
Last Update: 5:56 PM ET November 26 2008

(Continued)

Email article | Print article

GDP in the third quarter in UK shrank 0.5% on falling consumer spending and tight credit environment. The British pound fell immediately against dollar and euro. The UK government has lowered taxes and the BoE has lowered interest rate but nearly 1 million people are claiming jobless benefits.

 
Wolseley led decliners in the FTSE 100 index shares with a drop of 6.8% followed by losses in HBOS Plc of 6.7%, in Standard Chartered of 6.6%, in Tullow Oil of 5.8%, and Centrica Plc of 5.6%.

Financial stocks shed as new orders and new home sales fell in October. Barclays lost 4.2%.

Europe Markets Review

In London FTSE 100 Index closed lower 18.56 or 0.44% to 4,152.69, in Paris CAC 40 Index decreased 39.71 or 1.24% to close at 3,169.85 and in Frankfurt DAX index higher 0.08 or 0.00% to close at 4,560.50. In Zurich trading SMI increased 20.17 or 0.37% to close at 5,498.56.


$52.97
 1.49%
$21.97
 0.41%
$51.36
 -0.43%
$22.77
 -0.83%
$229.49
 1.23%
$79.86
 1.01%
click on symbol for profile
  1  2 More: Market Update Archive

 
 
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
Other Sites:
© 1999-2010 123jump.com. All rights reserved