Marks and Spencer saw sales increase

Source: BBC

Marks and Spencer announced modest increase in the UK sales during the Christmas time. Sales in the last 13 weeks of 2011 rose 0.5% on a yearly basis while food sales gained 3%. The company said it performed well despite global economic uncertainty. Overall UK's retail sales increased by 2.2% during the busy week before Christmas.

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Tue, 10 Jan 2012 08:59:34 GMT

New housing starts in New Zealand increased in November

New housing starts in New Zealand have followed an upward trend for the last eight months ending in November, reported Statistics New Zealand. However, the figures are volatile and stay close to historically low level. Approvals for new houses, including apartment achieved 1,384 units, indicating 5.9% decrease from November 2010.

Tue, 10 Jan 2012 08:58:48 GMT

Crude oil advances on the Iranian issue

Crude oil futures advanced after prior losses caused by weak industrial activity in Germany. Investors continue to eye the developments in Iran that warns it may close Strait of Hormuz in case of new sanctions from Western economies. Light, sweet crude oil futures for February delivery traded at USD101.55 a barrel, on the New York Mercantile Exchange, gaining 0.24%.

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