The UK’s ‘AA+’ rating is underpinned by its high-income, diversified and flexible economy as well as a high degree of political and social stability. The monetary policy framework as well as sterling’s international reserve currency status afford the UK a high degree of financial and economic policy flexibility. Strong civil and policy institutions and a high degree of transparency enhance the predictability of the business and economic policy environment that compares favourably with peers in the ‘AA’ category. Weak economic performance and growth prospects, relatively high levels of private and foreign as well as public debt, along with sizeable twin fiscal and current account deficits, are weaknesses relative to rating peers. RATING SENSITIVITIES The Stable Outlook indicates a less than 50% chance of a change in the UK sovereign ratings over the next two years. The main factors that could lead to a negative rating action, individually or collectively, are: – Failure to stabilise the government debt to GDP ratio over the medium term. – Increased threat to macro-financial stability, for example arising from an intensification of the eurozone crisis or an erosion of confidence in the UK’s policy commitment to price stability. The main factors that could lead to a positive rating action, individually or collectively, are: – Stronger economic recovery and rebalancing of the UK economy than currently forecast. – Government budget deficits and debt declining at a faster pace than currently projected so that GGGD is on a sustainable path towards 90% of GDP and below. KEY ASSUMPTIONS A key assumption underpinning Fitch’s medium-term fiscal projections reflected in the ‘AA+’ rating and Stable Outlook is that the growth potential of the UK economy is around 2%-2.25% pa. This assumption is based on the UK’s labour market and demographic outlook and expectation that labour productivity will revert to its long-run trend of around 2% pa.
October 3, 2013 Top 50 Global Retailers Kantar Retails Market Insights team recently updated all forecasts on global retail a highly collaborative process that gains particular momentum the first half of the year as retailers report full-year performance for the prior fiscal period. The updated reports rank retailers by Kantars 2013 sales estimates, and include growth projections for the next five years. September 10, 2013 Grocery chain Fresh & Easy confirmed reports that its British parent Tesco LLC has sold the brand to private equity firm The Yucaipa Cos., following months of uncertainty about the 200+-unit chains future. June 13, 2013 Canadas second-biggest supermarket operator has acquired Safeways Canadian portfolio of stores in a $5.7 billion deal that pulls the Pleasanton, Calif., chain completely out of the country. May 28, 2013 British retailer Marks & Spencer takes a giant leap forward in its goal to becoming a multichannel leader with the opening of its new concept store in Amsterdam. May 10, 2013 British retailer Marks & Spencer takes a giant leap forward in its goal of becoming a multichannel leader with the opening of its innovative new concept store in Amsterdam. April 25, 2013 Safeway Inc. said it earned $118.9 million, in the first quarter ended March 23, up from $72.9 million a year earlier, helped by tax benefits. April 17, 2013 Grocery chain Fresh & Easys British parent Tesco confirmed Wednesday that it will abandon its U.S. business, selling off the 199-store chain and taking a $3.5 billion write-down. March 29, 2013 Report: Tesco exploring options for Fresh & Easy New York — British grocery giant Tesco is moving closer to selling off its U.S. Fresh & Easy division, with Tesco CEO Philip Clarke traveling to the United States next week to try and strike a deal, according to a report in the British newspaper, The Telegraph. Tesco has held discussions with Trader Joes and others about selling Fresh & Easy, but a break-up of the business is considered the most likely option, the report said. Other options include closing the business and selling off assets. March 26, 2013 7-Eleven will rebrand convenience stores in Ohios Cuyahoga and Lorain counties as part of a 19-store lease from Allentown, Pa.-based Lehigh Gas Partners LP.
The plans and key milestones in the RIIO ED-1 process are posted on PPL’s website at www.pplweb.com/investors/research-tools/uk-regulatory-review . U.K. operations accounted for 49 percent of PPL Corporation’s 2012 earnings from ongoing operations. PPL Corporation, with revenue of more than $12 billion in 2012, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the United States and United Kingdom, owns or controls more than 18,000 megawatts of generating capacity in the U.S., and sells energy in key U.S. markets. More information is available at www.pplweb.com . @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available.
Gap Between United States & United Kingdom Remains Wide for Crowdfunding
U.K. police rule out group entry for refugees protesting in Calais October 05, 2013 12:25 AM A team of British border police Friday ruled out a group entry for some 60 Syrian asylum seekers blocking a gangway at a ferry terminal in the French port of Calais. France offers right to asylum to protesting Syrian refugees October 04, 2013 11:58 AM (Last Updated: 04/10/2013 05:22 PM) France offers some 60 Syrians the right to seek asylum after the refugees occupy a key point in the Channel port of Calais in a desperate bid to get to Britain. Groups launch privacy suit against UK spy agency October 03, 2013 11:07 PM Three organizations in Britain have filed a lawsuit at the European Court of Human Rights, accusing their country’s eavesdropping agency of using its online surveillance programs to violate the privacy of millions of citizens. Syrian refugees protest in France seeking to go to Britain October 03, 2013 08:35 PM About 60 Syrian refugees, of whom 40 are on a hunger strike, have occupied a key point in the northern French port of Calais and vowed to stay put until they are sent to Britain. Sudan protests should serve as warning: Britain October 02, 2013 08:32 PM Britain on Wednesday said deadly protests over Sudan’s fuel price hikes should serve as a warning of the need for political dialogue, amid concerns for people detained in the crackdown. UK’s Cameron puts economy centre-stage in re-election bid By Guy Faulconbridge, Andrew Osborn | October 02, 2013 03:17 PM British Prime Minister David Cameron casts a national election in 2015 as a choice between his “pro-business” ruling Conservative party and what he calls the anti-business opposition Labour party. France, Britain and China to be in Syria peace talks: Fabius September 30, 2013 12:45 PM Britain, France and China will be involved in a peace conference on Syria due in Geneva in November, French Foreign Minister Laurent Fabius said Monday. American Man Booker invasion damp squib for some By Michael Roddy | September 30, 2013 12:08 AM No one but the jurors can say which of six short-listed books will receive the Man Booker Prize for fiction on Oct. 15, but whats certain is that the Americans are joining the competition next year and the literary world is in an uproar. Britain kicks off Royal Mail sale with $5.3 billion price tag By Kylie MacLellan, Neil Maidment | September 28, 2013 12:18 AM Britains Royal Mail postal service should command a value of as much as 3.3 billion pounds ($5.3 billion) when it makes its stock market debut next month, the government said Friday as it began taking orders for the sell-off.
‘Fast Track’ Draft Determination for PPL’s United Kingdom Subsidiaries Expected Nov. 22
With that in mind, here are a the top 3 reasons the UK will continue to lead: Government tax incentives for investing in start-ups: While the US has flirted with tax incentives in the form of reduced capital gains tax on early stage venture investments and even reduced capital gains on these investments to Zero for a short period of time as a part of the Small Business Jobs act of 2010, the UK governements Enterprise investment Scheme (EIS) and Seed Enterprise Investment Scheme offer not only Capital Gains Reductions but also tax liability reductions and loss relief in the event that the start-up fails. For investors who dont owe capital gains, the SEIS relief can cover over 70% of the investment meaning investors are only at risk for 30% of what they put up. Fewer Angel Investors: The UK Business Angel Association sticks Angel Investment in the UK at roughly 850 Million per annum. In the US the figure has surpassed the $20 Billion mark and is continuing to grow. Where most would look at this as a negative, for crowdfunding this is actually a positive as there is a large unfilled need for seed capital which can be filled by the crowd. History: Now this point is contentious but worth mentioning. Companies in the UK have had a longer time to get it right and will be able to export their more refined models to the rest of the world more quickly than those in the US. Even as we speak many of the big names in the UK are receiving authorisation to operate in many EU countries and its just a matter of time before we see intra-EU investment rounds being completed. Though a UK only company may not be able to take on the US market, a company with experience operating in multiple EU, and potentially beyond, countries will stand a fair chance. For these reasons the UK platforms will continue to lead at least in the short term. What the long term holds is unfortunately anybodys guess but Id like to think that there will be a bit of consolidation and potentially even cross country/platform collaborations which would act for start-ups much in the way that a public company might choose to list on multiple stock exchanges. Im happy to open a dialogue about any of the points above so feel free to leave a comment.