24/09/2001
Share prices take tentative steps towards recovery
Share prices worldwide have made the first steps towards reversing last week’s seemingly unstoppable downward trend, which at one point saw American investors holding share losses running at nearly $1.2 trillion.
An uneventful weekend in terms of world news has stirred indexes throughout Europe into positive, if cautious, action, as Wall Street reported a positive start to the week. The Dow Jones and Nasdaq gained immediately upon opening, rising more than 3% within the first ten minutes of trading. In London, the FTSE showed similar early-day gains, while Paris and Frankfurt reported upward trends of between 3 to 4% - although trading still remains tentative as to America’s next move, following President Bush’s commitment to military retaliation.
However, while gains have been made, the markets have a long and steady climb ahead before they attain the levels seen before the 11 September attacks.
Markets in the Far East remained static, with Tokyo closed for a bank holiday and Hong Kong’s Hang Seng rising only slightly, thanks to active buying of banking and telecoms stocks.
In addition, European indexes, slightly more buffered from the slide than their American counterparts, are still carrying losses of around 20% as fears of worldwide recession grow despite interest rate cuts by both the US Federal Reserve and Central Banks throughout Europe.
In the UK, the Governor of the Bank of England, Edward George has said that it is too soon to judge whether the UK will enter into recession but hinted at further cuts in interest rates in an attempt to stimulate domestic economy. He also described how the UK could see some short-term weakening in both the current quarter and the next, in terms of the economic shockwaves of the terrorist attacks in America.
He added: “Looking beyond the short-term, there is no reason to think that the world is going into a really serious decline.” (CL)
An uneventful weekend in terms of world news has stirred indexes throughout Europe into positive, if cautious, action, as Wall Street reported a positive start to the week. The Dow Jones and Nasdaq gained immediately upon opening, rising more than 3% within the first ten minutes of trading. In London, the FTSE showed similar early-day gains, while Paris and Frankfurt reported upward trends of between 3 to 4% - although trading still remains tentative as to America’s next move, following President Bush’s commitment to military retaliation.
However, while gains have been made, the markets have a long and steady climb ahead before they attain the levels seen before the 11 September attacks.
Markets in the Far East remained static, with Tokyo closed for a bank holiday and Hong Kong’s Hang Seng rising only slightly, thanks to active buying of banking and telecoms stocks.
In addition, European indexes, slightly more buffered from the slide than their American counterparts, are still carrying losses of around 20% as fears of worldwide recession grow despite interest rate cuts by both the US Federal Reserve and Central Banks throughout Europe.
In the UK, the Governor of the Bank of England, Edward George has said that it is too soon to judge whether the UK will enter into recession but hinted at further cuts in interest rates in an attempt to stimulate domestic economy. He also described how the UK could see some short-term weakening in both the current quarter and the next, in terms of the economic shockwaves of the terrorist attacks in America.
He added: “Looking beyond the short-term, there is no reason to think that the world is going into a really serious decline.” (CL)
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12 April 2002
Sainsbury’s still behind Tesco’s after strong quarter
Despite a strong showing over the Easter holidays, Sainsbury's have been unable to overtake Tesco's as the UK's biggest supermarket group. Like-for-like sales rose 6.8% to March 30, and excluding petrol and excluding Easter like-for-like sales gained 6% overall, which is 0.2% down on rival Tesco's.
Sainsbury’s still behind Tesco’s after strong quarter
Despite a strong showing over the Easter holidays, Sainsbury's have been unable to overtake Tesco's as the UK's biggest supermarket group. Like-for-like sales rose 6.8% to March 30, and excluding petrol and excluding Easter like-for-like sales gained 6% overall, which is 0.2% down on rival Tesco's.
27 August 2010
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
29 May 2018
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
19 September 2001
Unsteady market form in Europe continues
Shares in Europe continued their unsteady form due to continuing fears over the impact of last week’s terrorist attacks in the United States. The UK share index FTSE 100 was recorded as down 54.3 points on Wednesday afternoon, to stand at 4794.
Unsteady market form in Europe continues
Shares in Europe continued their unsteady form due to continuing fears over the impact of last week’s terrorist attacks in the United States. The UK share index FTSE 100 was recorded as down 54.3 points on Wednesday afternoon, to stand at 4794.
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Northern Ireland WeatherToday:A cloudy morning with light rain and drizzle. Rain and drizzle will clear from the west in the early afternoon to leave bright spells and dry conditions from mid-afternoon. Maximum temperature 6 °C.Tonight:The night will be dry with clear spells. The cloud will thicken later with a southerly wind freshening after midnight. Minimum temperature 1 °C.