Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

UK Below-Forecast July GDP Reflects Plight of Small Companies

09/10/2021 | 03:52am EDT

UK Below-Forecast July GDP Reflects Plight of Small Companies

0734 GMT - The U.K.'s lower-than-expected economic growth in July reflects the difficulties small companies are going through, says Douglas Grant, director of Conister, part of Manx Financial Group. The economy's expansion slowed to 0.1% in July from 1% the previous month, official data showed, missing expectations of 0.5% growth in a WSJ poll of economists. "The slight slowdown in economic output reflects the plight of UK small businesses and current default levels caused by the ongoing impact of the pandemic which should be of real concern," he says. "We must acknowledge that the UK's business debt burden has ballooned to unprecedented levels and unfortunately this has already created a relentless flow of weak zombie-like companies falling off a loan default cliff."

 
Companies News: 

Cineworld Reaches Deal With Dissenting Regal Shareholders

Cineworld Group PLC said Friday it has reached an agreement with the dissenting shareholders of Regal Entertainment Group, which was acquired by Cineworld in 2018.

---

Tritax EuroBox to Raise GBP170 Mln to Fund Acquisition of Logistics Assets

Tritax EuroBox PLC said Friday that it is raising 170 million pounds ($235.2 million) via share issue to acquire logistics assets in continental Europe.

---

Newmark Security Swung to a FY 2021 Pretax Loss

Newmark Security PLC reported Friday a swing to a pretax loss for fiscal 2021 due to the effects of Covid-19, but said that the company is set up for growth and is expecting to show a rise in revenue in the coming year.

---

Minds + Machines to Return $80 Mln in Premium-Priced Tender Offer for Shares

Minds + Machines Group Ltd. said Friday that it would return up to 58 million pounds ($80.2 million) to shareholders via a premium-priced tender offer for shares.

---

Gresham House Swung to 1H Operating Pretax Profit

Gresham House PLC said Friday that it swung to an operating pretax profit for the first half as total income increased, and that it was well set to achieve its priorities for 2021.

---

Gresham House to Raise GBP40 Mln for Acquisition, Projects Development

Gresham House PLC said Friday that it will raise around 40 million pounds ($55.3 million) through a placing conducted through an accelerated book-build process, and that it will use the net proceeds to fund an acquisition and other development projects.

---

Target Healthcare REIT Raises GBP125 Mln in Share Issue

Target Healthcare REIT PLC said Friday that it has successfully raised 125 million pounds ($172.9 million) through a share issue.

---

City of London Group FY 2021 Pretax Loss Widened

City of London Group PLC said on Friday that its pretax loss for fiscal 2021 widened, and that it expects Recognise Bank Ltd.--its medium-sized enterprise lending business--to be granted a full U.K. banking license after capital adequacy requirements are met.

Contact: London NewsPlus, paul.larkins@wsj.com

(END) Dow Jones Newswires

09-10-21 0351ET

Stocks mentioned in the article
ChangeLast1st jan.
CINEWORLD GROUP PLC 0.55% 65.248 Delayed Quote.1.28%
DJ INDUSTRIAL -0.10% 35258.61 Delayed Quote.15.32%
GRESHAM HOUSE PLC -0.28% 852.6 Delayed Quote.8.57%
MANX FINANCIAL GROUP PLC 6.25% 8.5 Delayed Quote.-3.61%
NEWMARK SECURITY PLC 0.00% 0.875 Delayed Quote.-35.19%
TARGET HEALTHCARE REIT PLC -0.25% 116.508 Delayed Quote.2.46%
TRITAX EUROBOX PLC 0.79% 113 Delayed Quote.13.56%
Latest news "Economy & Forex"
04:00aSurge in goods from China strains Russia's railway network
RE
03:57aJapan's 10-year bond yields track U.S. Treasury yields lower
RE
03:57aMiner Hochschild to list rare earth unit Aclara in Toronto
RE
03:56aEXPLAINER : Is China finally ready to roll out a property tax?
RE
03:53aIndonesia central bank keeps rates at record lows to support recovery
RE
03:50aUPDATE 1-Indonesia c.bank keeps rates at record lows to support recovery
RE
03:50aINDONESIA C.BANK GOV : Will communicate any plan to gradually ease liquidity injection
RE
03:47aCentamin sees annual gold production at midpoint of forecast
RE
03:45aINTERNATIONAL CONSOLIDATED AIRLINES S A : UK aviation regulator caps Heathrow plan to charge higher fees
RE
03:45aINDONESIA C.BANK GOV : Exports to continue support indonesia's econ growth in 2022
RE
Latest news "Economy & Forex"