UK Stocks-Factors to watch on Wednesday Oct. 16
The two people had phoned in the same name based on the sketches, Detective Chief Inspector Andy Redwood said during the BBC’s “Crimewatch” program, which aired an appeal Monday night for information about a man police want to track down. The man was seen carrying a child matching McCann’s description on the night she vanished in 2007 around the resort town of Praia da Luz in Portugal. Police hope for new leads in McCann case New evidence in McCann case The man is described as white, between 20 and 40 years old, with short brown hair and a medium build. He was seen carrying a blond child, who might have been in pajamas and who was estimated to be 3 to 4 years old, around the time Madeleine disappeared, police had said. The sketches are based on descriptions from separate witnesses, investigators said. Since the program aired, British police said they have received more than 300 phoned tips and 170 e-mailed ones. “We will now take the time to follow up these lines of enquiry,” Redwood said. Police target 38 ‘people of interest’ in Madeleine McCann’s ’07 disappearance The latest revelation is critical in reconstructing what exactly happened more than six years ago on the night of May 3, 2007,when McCann disappeared from her family’s villa while her parents dined at a nearby restaurant. The girl was just days shy of her fourth birthday. Computer-generated sketch Computer-generated sketch Computer-generated sketch Neither her parents nor the detectives investigating her case have given up on one day finding the little girl from Leicestershire, England. “There may be an entirely innocent explanation of this man, but we need to establish who he is to assist with our inquiries,” Redwood said earlier. Additionally, investigators believe they have a better understanding of when Madeleine may have been abducted, Redwood added. “The timeline we have now established has given new significance to sightings and movements of people in and around Praia da Luz at the time of Madeleine’s disappearance.” John Walsh: Madeleine McCann could be alive Police announced in July that they have identified 38 “people of interest” in connection with the case.
In the hope of giving Britain’s economic recovery a boost, the Bank of England said in August it will not consider raising interest rates before unemployment falls to 7 percent. The Bank of England forecasts that will not happen before the third quarter of 2016. But investors largely expect unemployment to fall much faster and many have put money on the chance of a rate hike in early 2015. Surveys of British services and manufacturing last month suggested employment was picking up along with a broader recovery in the economy. Wednesday’s data showed the number of people claiming jobless benefits – a narrower and timelier measure of unemployment – fell by a much bigger-than-expected 41,700 in September. That was the biggest monthly fall in claimant counts since June 1997. August’s data was also revised to show a drop of 41,600, a fall of 9,000 more than first reported. Even as Britain’s labour market picks up, many people in work are not seeing an improvement in their living standards. Average weekly earnings growth including bonuses slowed sharply to 0.7 percent in the three months to August compared with a year earlier. Excluding bonuses, pay grew 0.8 percent. By contrast, inflation in September was 2.7 percent. Forecasting the path of Britain’s unemployment is complicated by uncertainties over how big the labour market will be.
UK unemployment rate steady, claimant count plunges
16 Markets LONDON | Wed Oct 16, 2013 1:57am EDT LONDON Oct 16 (Reuters) – Britain’s FTSE 100 index is seen opening mixed on Wednesday – down 5 to up 2 points, according to financial bookmakers, as anxious investors hope that talks to avert a U.S. debt default could result in a deal before the Oct. 17 deadline. For more on the factors affecting European stocks, please click on * U.S. Senate leaders were still discussing a deal late on Tuesday aimed at raising the debt limit and reopening federal agencies that have been closed for two weeks. Senate aides said a deal was close but earlier hopes that a deal could be announced late on Tuesday were not met. * The blue-chip FTSE 100 index closed up 41.46 points, or 0.6 percent, at 6,549.11 points on Tuesday, trading around its highest levels since Sept. 27, which was before the political deadlock that partially shut down the U.S. government. * No FTSE 100 companies will go ex-dividend on Wednesday. * UK unemployment data is set for release at 0830 GMT, with the numbers now back in focus as new Bank of England Governor Mark Carney has linked a fall in jobless figures to any future rise in interest rates. * UK CORPORATE DIARY: HOCHSCHILD MINING issues third-quarter production results TODAY’S UK PAPERS > Financial Times > Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit* BridgeStation: view story .134(Reporting by Tricia Wright; Editing by Sudip Kar-Gupta)