UK construction growth decelerates

Note: This section contains information in English only.
Source: mninews
© Scanpix/Reuters

The construction industry in the UK slowed down in November while new orders jumped in Q3, according to official data. Construction PMI indicated the expansion in the construction activity but the pace is considerably lower than in previous month. New orders increased by 12.8% in Q3 as compared to 15.7% in Q2, according to National Statistics data. Meanwhile, CIPS construction activity index was it 52.3 in November down from 53.9 in October.

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Fri, 02 Dec 2011 12:27:09 GMT

Shares of Hop Hing are rising

Stocks of Hop Hing Group Holdings, large producer of edible oils, increased essentially after the company stated it agreed to purchase the company that owns a franchise of the Yoshinoya and Dairy Queen fast food chains in China. Shares of Hop Hing Group will take over the company for HK$3.48 billion using convertible securities. Hop Hing's shares closed the session being 60% higher.

Fri, 02 Dec 2011 12:47:01 GMT

Nikkei 225 slightly higher

On Friday trade Japan's Nikkei Stock Average added 0.54% or 46.37 points and closed at 8,643. Increase was mainly led by export dependent car producers as European economic outlook improved after Merkel's and Sarkozy's announcements. Both Toyota Motor Corp. and Nissan Motor Co. added 1.1% after reporting surge in US sales. On the upside many Japan's retailers also gained. J. Front Retailing Co. edged up

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