EC rules to hit UK companies

first_img whatsapp KCS-content More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Share Show Comments ▼ EC rules to hit UK companies whatsapp INSTITUTIONS including Lloyds Banking Group and Royal Bank of Scotland will be hit by an overhaul of European rules giving regulators greater powers over combined banking and insurance groups.The European Commission (EC) yesterday put forward plans to tighten oversight of “financial conglomerates”, defined as firms that lend and provide cover across multiple European states. As well as taxpayer-backed Lloyds and RBS, Barclays, HSBC, Old Mutual, Prudential and Standard Life are among those who fall into the category in the UK.The revised measures are designed to help national watchdogs such as the Financial Services Authority (FSA) clamp down on the multiple use of capital, whereby funds in an entity are used to calculate the capital strength of both the entity and its parent company. They are also intended to make it simpler for regulators to spot risks hiding in complex group structures and holding companies.The EC, led by José Manuel Barroso, said the rules would remedy “unintended loopholes identified in the context of the financial crisis”. The Commission aims to pass its proposals into law by the start of 2011, after discussions with?European Union member states . Monday 16 August 2010 8:46 pm Tags: NULL last_img read more

Minerva rebel investor KiFin slams finances

first_img whatsapp Show Comments ▼ More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Share Monday 23 August 2010 8:25 pm KCS-content whatsapp ACTIVIST shareholder KiFin piled the pressure on property developer Minerva yesterday with a barrage of criticism ahead of a crunch meeting next month. KiFin sent a letter to Minerva shareholders taking a swipe at the firm’s finances, saying: “One does not need to be a rocket scientist to see how hugely over leveraged Minerva is.” KiFin, owned by South African billionaire Nathan Kirsh, made a bid for Minerva in 2009, but said it is now “terrified at the thought of having to consolidate almost £1bn of Minerva’s debt onto its own balance sheet”. Minerva countered with another circular claiming KiFin’s calls to remove chairman Oliver Whitehead and chief executive Salmaan Hasan are an attempt to wrench control of the firm without the hassle of a takeover. It called KiFin’s claims “inaccurate and unsubstantiated”, and recommended shareholders reject KiFin’s shakeup proposals at an emergency shareholder meeting on 8 September. The statements from the two camps stand opposed on a number of factual matters, including whether Minerva bosses rejected a takeover bid from Limitless in 2008, and on KiFin’s claim that the firm lacks financial transparency and has short-changed shareholders with its management of the Lancasters and Walbrook projects.“This is a very simple issue about disclosure and transparency. It’s hugely disappointing that it’s being aired in public, and it wasn’t our choice,” said KiFin’s UK representative Philip Lewis, who stands to become interim chief executive under the firm’s plans. All-out war is likely on 8 September, after sources said Minerva is very unlikely to meet with KiFin representatives before the showdown. Minerva rebel investor KiFin slams finances Tags: NULLlast_img read more

City sceptical on the prospect of rival offers for PotashCorp

first_img ANALYSTS yesterday poured scorn on talk of rival white knight offers waiting in the wings to scupper BHP Billiton’s $39bn (£24.5bn) bid for Canadian fertiliser giant PotashCorp.Reports over the weekend suggested both the Ontario Teachers Pension Fund and Chinese state-owned chemicals group Sinochem had already approached Temasek with a view to trying to find a partner to bid for all or part of PotashCorp.But City analysts said the length of time which has already elapsed since BHP’s bid – almost eight weeks – and the increasing complexity of deals being discussed meant BHP is likely to have a clear run at the company.“With six weeks to go before the BHP offer closes it is clear that the Chinese look unlikely to enter the fray and the schemes being tabled now are becoming increasingly political, complex and difficult to execute,” Liberum Capital said yesterday.“We feel the defence is running out of ideas and if they succeed in seeing off BHP it is because they have blocked the deal (politically or otherwise) and not because they have tabled a knock-out premium bid.”PotashCorp is currently working on contingency plans to break up the company as a way of batting away BHP’s bid, including selling $14bn of nitrogen and phosphorous assets. City sceptical on the prospect of rival offers for PotashCorp KCS-content Share whatsapp Monday 11 October 2010 9:15 pm whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

Demand for HD television buoys Pace

first_img KCS-content Tags: NULL Share Thursday 28 October 2010 8:14 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ Pace, the world’s largest set-top box maker, has managed to maintain the blistering rate of sales it set in the wake of the World Cup.Demand for its high-definition services continues to rocket, solidifying the firm’s position at the top of the market, ahead of bitter rival Motorola.The UK-based firm now says it is confident it will meet expectations for the year, and confirmed its outlook of mid-single digit underlying revenue growth next year.Finance director Stuart Hall said: “High-definition is a major driver, it is becoming the norm and over 70 per cent of our shipments are high-definition now.”The company bought US technology firm 2Wire in July to broaden its customer base beyond satellite and cable and into the rapidly expanding internet TV market. Hall said the deal, which completed earlier this month, meant Pace was well positioned for the convergence of video, voice and data services.Technology giants such as Apple and Google are moving into TV, with services such as video-on-demand, but Hall said they were not a major threat to Pace’s cable and satellite customer base. He said: “They don’t really compete with linear TV but they are driving operators to innovate. Consumers are expecting a better experience.”Analysts expect the firm to report pre-tax profit of £97.1m on revenue of £1.28bn for the year. whatsapp Demand for HD television buoys Pace whatsapplast_img read more

Landlords ordered to do green works

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoverySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp KCS-content LANDLORDS will be forced to make their properties more energy efficient, after the government announced plans for a new “Green Deal” yesterday.Tenants will be given the right to request everything from insulation and double glazing to new boilers when the Energy Bill is passed before the end of the year. However, the National Association of Landlords welcomed the plans, which were unveiled by energy secretary Chris Huhne, because there will be no crippling upfront costs for property owners. The government will provide landlords with loans to fund the improvements, which will be repaid by tenants via a levy on their energy bill. It is hoped that the levy will be offset by lower gas and electricity bills, which should fall as a result of the energy efficiency measures. Huhne said: “Landlords will face no upfront cost, and will benefit from an improved property. By 2015 every tenant should be able to be as warm as toast in their home.” Tuesday 2 November 2010 9:45 pm Tags: NULLcenter_img Landlords ordered to do green works whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharelast_img read more

­­­­­­Exchange crash may be sabotage

first_img A WORKER at the London Stock Exchange is being investigated over allegations he deliberately sabotaged its Turquoise trading platform.The high frequency trading platform crashed during early morning trading yesterday and was offline for two hours. The exchange released a statement saying the incident was caused by human error that “may have occurred in suspicious circumstances.”City A.M. has learned the crash may have been timed to coincide with an announcement by the LSE, planned for later that morning, confirming the date it would transfer its main exchange to a new Millennium IT software platform.Turquoise made the switch to Millennium software last month and the main exchange had completed its third “dress rehearsal” for the switch last weekend. The LSE has now been forced to postpone the transfer until the new year. The problem is believed to have locked customers out of the network but not affected the platform itself. According to the release a small number of executions that took place will be “busted”. A spokesman said: “A virus is one theory but it is too early to say.”An internal investigation is now focusing on an individual suspect to discover who is behind the crash. A Financial Services Authority probe has also been launched. It is not yet clear what the motive for an attack could be.A source close to the exchange told City A.M.: “There is a person being investigated. There was an announcement about the platform change planned later the same day. “It looks like someone may have been trying to undermine this.”He added: “There is no problem with the IT system. It is working just fine.”A second source said: “This is a highly competitive market and the stakes are very high. Exchanges move very quickly and everyone is trying to muscle into the space.”The LSE bought Sri Lanka-based Millennium in a bid to upgrade the bourse’s system to compete with super-fast transfers offered by rivals including Bats Europe and Chi-X Europe.However, Turquoise was forced to close for an hour a day after launching on the Millennium software following a problem with a network card. The platform was created with backing by banks including Citi, Goldman Sachs, Credit Suisse, UBS and Merrill Lynch before being bought by the LSE. ­­­­­­Exchange crash may be sabotage by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite HeraldYour Money Magic96-Year-Old Puts Her House For Sale. Look How It Looks InsideYour Money Magicmoneywise.comThe Most Neglected College Football Stadiums In The U.S.moneywise.comMoney CougarJaden Smith Broke His Mom’s HeartMoney CougarReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterFilm OracleOur Jaws Dropped At Aircrew’s Shocking Find On Deserted IslandFilm OracleStuff AnsweredBest Meal Delivery for SeniorsStuff Answered KCS-content whatsapp Share Show Comments ▼ Tags: NULL Tuesday 2 November 2010 10:09 pm whatsapplast_img read more

Zurich looking to Dublin for £35bn life unit

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMike HistoryAt 66, This Is Bruce Willis’ Private CarMike HistoryUndoAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaUndoMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search AdsUndoBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaUndoScalp Psoriasis SearchWhat Exactly is Scalp Psoriasis? See the SymptomsScalp Psoriasis SearchUndo5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®Undocutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comUndoHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetUndoDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUUndo ZURICH insurance is considering moving its £35bn UK life business to Dublin under a plan that would mirror the move of its general insurance business across the Irish Sea last year.The insurer has set up its European headquarters in Dublin and is looking at ways to streamline its legal and capital structure. It moved its Portuguese, German and Spanish general insurance operations to Ireland at the start of this year. Moving the business to Ireland could save the insurer a significant amount of tax as corporation tax is only 12.5 per cent. However, Zurich claimed this was not the main reason.Discussions have already taken place with the Financial Services Authority (FSA) over the move, although the insurer insists that its 2m existing policyholders and any new UK customers would still enjoy the same regulatory protections they do currently. In a statement Zurich said it was exploring ways of streamlining its legal structure and optimising its capital efficiency. whatsapp Show Comments ▼ KCS-content Sunday 14 November 2010 10:47 pmcenter_img More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Share Zurich looking to Dublin for £35bn life unit Tags: NULLlast_img read more

Trio of hedge funds raided

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ Trio of hedge funds raided THE FBI has raided three American hedge funds as part of a widening investigation into potential insider trading within the $1.7 trillion (£1.1 trillion) hedge fund industry.The funds include Diamondback Capital Management and Level Global Investors, two Connecticut funds run by former managers of Steven Cohen’s SAC Capital Advisors.The third fund is Boston-based Loch Capital Management, a person familiar with the raid said. Loch has had close ties with a witness who pleaded guilty in a separate insider trading probe that centres on hedge fund Galleon Group.The raids come as federal prosecutors prepare to unveil a series of new insider trading cases against hedge fund traders, consultants and Wall Street bankers, several lawyers familiar with the investigation said.FBI spokesman Richard Kolko confirmed that search warrants had been executed on Level Global Investors and Diamondback Capital Management, both founded by former SAC Capital Advisors traders.“Agents from the FBI’s New York and New Haven offices are conducting a search of the offices of Diamondback Capital Management,” Kolko said. “The search is ongoing at that address and all matters regarding the matter remain under seal.” Level Global was founded in 2003 by David Ganek, a former fund manager under Steven Cohen’s hedge fund SAC Capital Advisors. Diamondback, declined to comment. But a spokesman for Level Global confirmed the FBI had visited its offices. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVDArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles Stonethedelite.comNetflix Cancellations And Renewals: 2021 Updatethedelite.com whatsappcenter_img KCS-content whatsapp Tags: NULL Share Monday 22 November 2010 8:53 pmlast_img read more

BP set to pay first dividend since Gulf spill

first_img Tags: NULL BP set to pay first dividend since Gulf spill BP is expected to restart its dividend payments alongside its quarterly results tomorrow, its first since the Gulf of Mexico spill last April. Analysts are expecting BP to report income of more than $5bn (£3.15bn) for the last three months of 2010. Chief executive Bob Dudley has strongly hinted that a shareholder pay-out is on the cards, saying in an interview when he started the job in October that the board would discuss restoring a dividend payment in the first quarter of 2011. BP has cancelled dividend payments totalling £5.4bn in the wake of the Deepwater Horizon explosion, which a US commission said was caused by “systematic failures of management”. Analysts have predicted a 10 per cent drop in production compared to a year ago, thanks to the drilling moratorium in the Gulf of Mexico and to BP’s ongoing asset sell-off to pay for the clean up. However, one poll of analysts predicted an underlying net income of $5.09bn for the quarter, which would be a 16 per cent rise compared to the final quarter of 2009, on the back of soaring oil prices. The gains would mean a pre-tax loss of $4.5bn for the year, allowing for fluctuations in the price of oil – the firm’s first annual loss in 20 years.Analysts have scaled back their estimates of how much the Gulf spill will cost BP, after the compensation fund’s head predicted that only half of its $20bn pot will be needed. Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content center_img Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo whatsapp whatsapp Sunday 30 January 2011 11:05 pmlast_img read more

January rebound for UK after winter snow slump

first_img THE economy bounced back in January, expanding by 0.6 per cent, a Westminster-based economic think tank said yesterday.However, the UK is still in a “depression”, with GDP 4.5 per cent below its pre-recession peak, according to the National Institute for Economic and Social Research (NIESR).While the recession is over, the economy needs to improve its “flat” GDP to return to pre-recession levels, it said. The economy may not fully recover until 2013, NIESR forecast.January’s spike in output “is largely related to recovery from the impact of adverse weather at the end of last year,” NIESR said. whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndo Tags: NULL Thursday 10 February 2011 8:15 pmcenter_img Share January rebound for UK after winter snow slump Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut whatsapplast_img read more