Business Recorder - Markets - Financial https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 09:30:45 +0500 Thu, 13 Aug 2026 09:30:45 +0500 60 Britain's FTSE pares losses after UK Q4 GDP data https://www.brecorder.com/news/9217/britains-ftse-pares-losses-after-uk-q4-gdp-data <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/mar/ftse-100.jpg" width="400" height="239" />LONDON: Britain's FTSE 100 pared losses after the UK's economy contracted less-than-expected in the final three months of 2010.</p> <p class="MsoPlainText">London's blue chip index was down 1.47 points at 5,903.02 by 0840 GMT.</p> <p class="MsoPlainText">The Office for National Statistics revised fourth-quarter GDP growth upwards to -0.5 percent on the quarter from its most recent previous estimate of -0.6 percent, though the new figure is still the biggest decline since the second quarter of 2009.</p> <p class="MsoPlainText">The annual rate of growth was unrevised at 1.5 percent. Economists had expected both rates to remain unrevised at -0.6 percent and 1.5 percent respectively.</p> <p class="MsoPlainText"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p> LONDON: Britain's FTSE 100 pared losses after the UK's economy contracted less-than-expected in the final three months of 2010.

London's blue chip index was down 1.47 points at 5,903.02 by 0840 GMT.

The Office for National Statistics revised fourth-quarter GDP growth upwards to -0.5 percent on the quarter from its most recent previous estimate of -0.6 percent, though the new figure is still the biggest decline since the second quarter of 2009.

The annual rate of growth was unrevised at 1.5 percent. Economists had expected both rates to remain unrevised at -0.6 percent and 1.5 percent respectively.

Copyright Reuters, 2011

]]> Markets https://www.brecorder.com/news/9217 Tue, 29 Mar 2011 10:04:07 +0500 none@none.com (Abdul Ahad)