UK construction activity growth improved sharply in September as output rose at the fastest pace in seven months, led by residential building, prompting firms to add jobs the strongest pace in three months. The headline seasonally adjusted Markit/CIPS UK Construction Purchasing Managers' Index climbed to 59.9 from 57.3 in August, Markit Economics and the CIPS said Friday.
British factory activity expanded at the weakest pace in three months in September, suggesting minimal support to the economy from manufacturing. The seasonally adjusted Purchasing Managers' Index fell slightly to 51.5 in September from 51.6 in August, which was revised up from 51.5, survey figures from the Chartered Institute of Procurement & Supply and Markit Economics showed Thursday.
Sainsbury (J) Plc. (JSAIY.PK, SBRY.L), the parent company of British supermarket chain Sainsbury's Supermarkets Ltd., Wednesday said its second-quarter sales excluding fuel edged up from the prior year. The retailer expects full-year underlying profit before tax to be moderately ahead of its published consensus, if current market trends continue. The stock soared about 14 percent in early trade.