Get Breaking Alerts on Stocks Before The Mainstream Media

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We guarantee you to keep your privacy
Connect with us
Financial Press
london-markets:-uk.-manufacturing-orders-and-output-price-expectations-reach-highest-levels-since-at-least-1977
london-markets:-uk.-manufacturing-orders-and-output-price-expectations-reach-highest-levels-since-at-least-1977

Breaking

London Markets: U.K. manufacturing orders and output price expectations reach highest levels since at least 1977

A key U.K. manufacturing survey found orders and output price expectations at the highest level since at least 1977 in November.

The latest CBI industrial trends survey found total order books rising to a net 26% from 9% in October, the highest level since at least April 1977. Expectations of price rises were the highest since May 1977, as the stock adequacy was the worst since at least April 1977.

Anna Leach, the deputy chief economist of the CBI, said intense supply-side challenges are putting pressuring on capacity to meet demand.

Shares of Intertek Group
ITRK,
+5.70%

jumped 6% as the inspection and product testing company reported four-month ending Oct. 31 like-for-like revenue growth of 5%. CEO Andre Lacroix very much echoed the CBI report, saying it’s on track for “robust like-for-like revenue growth at constant currency, year on year margin progression and a strong free cash flow performance, notwithstanding the lockdown restrictions still in place across some of our global markets and the supply chain challenges that our clients are facing.”

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure 🙂

Intertek was the top performing FTSE 100
UKX,
+0.28%

component, as the U.K. blue chip index edged 0.2% higher in afternoon trade.

Genus
GNS,
-11.89%
,
a U.K.-listed animal genetics company, slumped 14% after saying volumes in the four months to Oct. 31 declined due to weakening Chinese demand.

Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Breaking

I own a home with my ex-husband. He agreed to pay my half of the mortgage. In the final judgment, the judge said I...

Breaking

There was blood on the floor across U.S. stocks on Friday, but for meme stocks only a frantic last hour of buying prevented social...

Breaking

A pair of Iranian hackers have been charged with breaking into a Missouri tech firm’s cloud-computing account and running up a $760,000 bill while...

Breaking

DocuSign Inc. emerged as a hot pandemic stock play last year as it benefited from the need for digital contract tools, but the company...

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure :)

Get Breaking Stock Alerts

Email address

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address