Business, Economics, Stock markets, Economic growth (GDP) Business | The Guardian
UK GDP rose by 0.7% in January-March, according to the latest quarterly national accounts which show the state of the UK economyThe UK stock market has opened higher, as traders digest today’s upgrade to UK GDP.The FTSE 100 index has gained 40 points, or 0.5%, to 8220 points, recovering yesterday’s drop.“The upward revision to the UK’s Q1 GDP is encouraging and further evidence that the UK economy is recovering. The services upgrade – to 0.8% from 0.7% – backs what we have been seeing in inflation data.“Among UK equities, we are seeing increased dividend payments, share buybacks and M&A activity this year, and this suggests some of the positive economic activity is translating into improved shareholder returns.” Continue reading…
UK GDP rose by 0.7% in January-March, according to the latest quarterly national accounts which show the state of the UK economy
The UK stock market has opened higher, as traders digest today’s upgrade to UK GDP.
The FTSE 100 index has gained 40 points, or 0.5%, to 8220 points, recovering yesterday’s drop.
“The upward revision to the UK’s Q1 GDP is encouraging and further evidence that the UK economy is recovering. The services upgrade – to 0.8% from 0.7% – backs what we have been seeing in inflation data.
“Among UK equities, we are seeing increased dividend payments, share buybacks and M&A activity this year, and this suggests some of the positive economic activity is translating into improved shareholder returns.”
