UK Jobless Rate Likely to Remain Below 5% in 2017

UK Jobless Rate Likely to Remain Below 5% in 2017

Britain’s unemployment rate is likely to remain below 5% throughout 2017 despite annual inflation possibly exceeding 2% over the same time frame, Michael Saunders, an external member of the Bank of England’s Monetary Policy Committee has predicted. In a speech delivered on Friday, Saunders acknowledged that there had been a weakening of the nation’s currency, pound sterling, which would probably result in an increase in inflation to above the Bank […]

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Signet Jewelers Reports Soft Holiday Sales, Lowers Guidance

Signet Jewelers Reports Soft Holiday Sales, Lowers Guidance

Signet Jewelers shares were lower 4.5% in recent pre-market trade after the company Wednesday reported same-store sales fell 4.65% year-over-year in the nine week holiday period ended Dec. 31, and lowered its guidance for fiscal Q4 and fiscal 2017. Total sales fell 5.1% YOY in the holiday period. The retailer reported problems in its e-commerce platform as well. For fiscal Q4 adjusted EPS the company’s updated guidance is $4.00 to […]

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Denison Mine Increases Ownership of Wheeler River Project

Denison Mine Increases Ownership of Wheeler River Project

Denison Mine, a uranium exploration and development company, said Tuesday it has executed an agreement with the partners of the Wheeler River Joint Venture that will result in an increase in Denison’s ownership of the Wheeler River project to up to about 66% from the current 60% by the end of 2018. The Wheeler River property is located in the infrastructure rich eastern portion of the Athabasca Basin, and is […]

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Euro Region Investor Sentiment Brightest Since May 2015

Euro Region Investor Sentiment Brightest Since May 2015

An indicator of euro-region investors sentiment rose to the highest in 20 months on speculation that the economic policies of US President-elect Donald Trump will bolster growth in the world’s largest economy, benefiting the 19 nations that share Europe’s single currency. The Sentix investor confidence index jumped to 18.2 in January from 10.0 in December, lifted by the “Trump effect,” the Sentix research company said on its website on Monday. […]

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Eurozone Economic Confidence Soars

Eurozone Economic Confidence Soars

An indicator of economic confidence in the 19-nation euro region climbed to the highest level in almost six years in December, the European Commission, the European Union’s executive arm, said on Friday. The commission’s economic sentiment index rose to 107.8 in December from 106.6 in November. This was the highest reading since March 2011. The improvement was driven by increased optimism among retailers and industrial firms and also among consumers. […]

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