News Tag: reports
December 23, 2009
The Daily Mail has reported that the Bank of England is set to extend its quantitative easing (QE) scheme by as much as £25 billion next year.
QE, also known as printing money, is a process whereby the Treasury injects funds into the financial system to ease pressure on banks by giving them extra capital.
In November, the ...
Quantitative easing set to be extended according to reports
by Kay Murchie
November 18, 2009
Following the hostile bid from Kraft Foods, British confectioner Cadbury is now reported to be facing a joint bid from US giant Hershey Co in partnership with Italy's confectionery group Ferrero.
According to reports, the two companies have been in secret talks "for weeks" about making the alliance.
A source close to the situation said yesterday that discussions between ...
Hershey and Ferrero mulling over joint bid for Cadbury
by Kay Murchie
June 12, 2009
Britain's recession may already have ended, according to a new report.
Economic output in the UK re-entered growth during April and May, a government funded thinktank has revealed.
Gross Domestic Product (GDP) grew 0.2% in April and 0.1% in May, the National Institute for Economic and Social Research (NIESR) claimed.
If this growth continues through June, and is confirmed by official quarterly statistics in July, ...
Is the recession over already?
by David Masters
