Markets news on stocks, currencies and commodities; The UK economy contracted less than previously estimated in the third quarter as consumer spending stopped declining and the recession in the service sector eased. Meanwhile, Eircom, the former Irish State telco, which is currently owned by an Australian fund, today reported a 9% drop in revenue for the first quarter ending September.
Related posts:
- Markets News Friday: Quinn Group reports 2009 loss of €852m; Eircom posts quarterly revenue and earnings falls
- Markets News Monday: Irish Government gives additional €2bn to the hemorrhaging Anglo Irish Bank; UK/US market closed for public holidays; Eircom raises prices
- Eircom reports profit of €327m before adjustments for six months to end of 2009 — down 3%
- Irish economy shrank in 2009 by more than previously estimated
- UK economy exited recession in the fourth quarterly of 2009 but quarterly growth rate of 0.1% was very weak