The decline in UK GDP growth in the first quarter of 2012 was today revealed to be worse than expected, after the Office for National Statistics reported a worse than feared fall of 0.3%.
The ONS revised down the contraction from an initial reading which showed a fall of 0.2%.
Prior to the announcement, markets had been expecting the figure to remain unchanged.
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions