U.K. jobs data seen lifting odds of rate rise

Article Abstract:

The UK's Office for National Statistics reports that unemployment benefit claims have fallen again, marking 11 out of the past 12 months that they have done so. The number of claims dropped by 13,800 to reach 877,900. Earnings growth however, remains subdued, with a rise of only 3.5% compared with 4.1% for the first quarter.

Unemployment, Labor Distribution by Employer, Statistics, Labor market, Personal income, Labour market, Statistical data

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Royal & Sun announces rights issue

Article Abstract:

Royal and Sun Alliance PLC said that it would implement a rights issue valued at 960 million pounds (1.39 billion euros). The company will use the funds from the issue for restructuring and fund reserve increases.

Securities issued, listed, Insurance industry, Securities, Company securities, Royal & SunAlliance PLC

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Europe, U.K. expected to hold key rates steady

Article Abstract:

The Bank of England and the European Central Bank are expected to maintain steady interest rates as they continue to examine the impact of subprime lending problems and slower economic growth.

Europe, Product standards, safety, & recalls, Government expenditures, Management dynamics, Economic Programs, Administration of Economic Programs, Interest Rates, Standards, Analysis, Management, Economic aspects, International aspects, Economic policy, Influence, Economic indicators, Company business management, European Union. European Central Bank, United Kingdom. Bank of England, Subprime loans

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