Menu
04/01/2002
UK shares optimism fuels hopes of global economy turnaround
The London shares markets were attributed with fuelling hopes of a turnaround in the global economy as the wave of optimism heightened hopes of a recovery.
Firmer trading in technology, media, and telecoms stocks pushed up expectations amid light shares trading on Friday, January 2.
The FTSE-100 had risen by around 0.5 per cent by mid-afternoon on Friday passing 5,330 points. The depressed Techmark 100 rallied 1.2 per cent to edge over 1,555 points by mid-afternoon.
Analysts pointed to increased investor confidence in anticipation of a recovery in the second half of 2002. The US Wall Street DOW Jones and Nasdaq led the way up one per cent and just over 3 per cent, as indicators hinted at a recovery in the US economy and an upswing in the US markets.
Techs, media, and telecoms saw renewed interest with some firms showing improvements of several per cent. Also healthier were retail stocks with a few leading companies showing up to 2 per cent surges on the back of an positive survey of the UK retailing sector from the Confederation of British Industry published on Thursday, January 3. (SP)
Firmer trading in technology, media, and telecoms stocks pushed up expectations amid light shares trading on Friday, January 2.
The FTSE-100 had risen by around 0.5 per cent by mid-afternoon on Friday passing 5,330 points. The depressed Techmark 100 rallied 1.2 per cent to edge over 1,555 points by mid-afternoon.
Analysts pointed to increased investor confidence in anticipation of a recovery in the second half of 2002. The US Wall Street DOW Jones and Nasdaq led the way up one per cent and just over 3 per cent, as indicators hinted at a recovery in the US economy and an upswing in the US markets.
Techs, media, and telecoms saw renewed interest with some firms showing improvements of several per cent. Also healthier were retail stocks with a few leading companies showing up to 2 per cent surges on the back of an positive survey of the UK retailing sector from the Confederation of British Industry published on Thursday, January 3. (SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
11 April 2002
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
01 November 2018
CMA Launches 'Stop Cartels' Campaign
New research has revealed that many firms don't know enough about how to comply with competition law, according to the Competition and Markets Authority's (CMA). Citing this research, the CMA has launched a cartel awareness campaign, which aims to educate businesses about which practices are illegal.
CMA Launches 'Stop Cartels' Campaign
New research has revealed that many firms don't know enough about how to comply with competition law, according to the Competition and Markets Authority's (CMA). Citing this research, the CMA has launched a cartel awareness campaign, which aims to educate businesses about which practices are illegal.
02 October 2001
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
14 August 2001
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
24 May 2002
CBI predicts eventual recovery in UK economy
The Confederation of British Industry (CBI) has predicted that the UK economy will make a "gradual but slow" recovery. The latest figures released from the organisation suggest GDP growth of 1.7% during 2002 compared to 2.2% last year, a minor downward revision of 0.1 per cent from its previous forecast in February.
CBI predicts eventual recovery in UK economy
The Confederation of British Industry (CBI) has predicted that the UK economy will make a "gradual but slow" recovery. The latest figures released from the organisation suggest GDP growth of 1.7% during 2002 compared to 2.2% last year, a minor downward revision of 0.1 per cent from its previous forecast in February.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
