Naresh Kumar

BoE to Face Dilemma on QE Call, Expects Slow Recovery in 2012

The Bank of England (BoE) is expected to take a call on whether to extend its £325 billion quantitative easing to support the economy when it meets this week, as it cannot ignore Britain's above-target inflation even though official data shows the country is back into recession.

Rolls-Royce Upbeat on 2012 Performance; S&P Sees Stable Outlook

Last month, S&P's Ratings Services raised its long-term and short-term corporate credit ratings of Rolls-Royce Plc to 'A/A-1' from 'A-/A-2' and said the group's outlook is stable. The rating was upgraded after the strong operating, financial performance and stable cash flow generation by British aerospace group.

Standard Chartered Misses Previous 10 Pct Growth Target, Shares Slide

Standard Chartered said its first-quarter revenue rose less than its previous 10 percent target, as the strength of the US dollar against Asian currencies impacted income growth. The bank in February forecasted 'double-digit' growth in revenue and in earnings per share for this year.

British Consumer Confidence Steady in April, Misses Forecasts

The UK confidence index remains same in April compared to last month and the outlook is unlikely to improve, said GfK NOP Ltd on Friday after the data released this week showed the economy sliped back into its first double-dip recession since 1975.

Standard Life Assets Under Administration Beat Expectations

Standard Life Plc posted an increased inflows into its long-term savings businesses for the first-quarter and assets under administration (AUA) exceeded expectations driven by continuing net inflows into its newer fee based propositions and positive market movements.