Tag: united-kingdom

  • India-Britain civil nuclear agreement signed

    India-Britain civil nuclear agreement signed

    London:(IANS) India and Britain signed a civil nuclear cooperation agreement after the two sides held delegation level talks here on Thursday, the first day of Prime Minister Narendra Modi’s three-day visit to Britain. “The conclusion of the civil nuclear agreement is a symbol of our mutual trust and our resolve to combat climate change,” Modi…

  • Northern Rock owner repays £1.9bn to taxpayers

    Northern Rock owner repays £1.9bn to taxpayers

    UK Asset Resolution (UKAR), the government-owned company incorporating Northern Rock (Asset Management) and Bradford & Bingley, paid back £1.9bn to taxpayers in the first half of 2013. It said the amount included £1.3bn of loan repayments in the first half of 2013. The firm did not make any further provision for PPI mis-selling. It also…

  • UK manufacturing sector surges in June

    UK manufacturing sector surges in June

    Manufacturing output surged in June at the strongest pace since the end of 2010, according to figures from the Office for National Statistics (ONS). Manufacturing output rose 1.9% month-on-month in June, following declines in both May and April. This growth came at more than twice the rate expected by analysts. The latest upbeat news follows…

  • UK services growth at six-year high, PMI survey suggests

    UK services growth at six-year high, PMI survey suggests

    The UK’s services sector has expanded at its fastest pace since December 2006, a survey has indicated. The Markit/CIPS Services Purchasing Managers’ Index (PMI) rose to 60.2 in July from 56.9 the month before, a stronger showing than economists had expected. Any reading above 50 indicates growth. The numbers complete a trio of positive PMI…

  • UK construction industry at three-year high, PMI survey indicates

    UK construction industry at three-year high, PMI survey indicates

    The UK’s construction industry has reached its highest level of activity since June 2010, a survey has indicated, boosted by a continuing surge in house building. The Markit/CIPS Construction Purchasing Managers’ Index (PMI) rose to 57.0 in July from 51.0 the month before. A figure above 50 indicates expansion. “July’s survey highlights a new wave…