UK Market Advances
Economists had forecast the index to rise to 7 from the 6.9 initially estimated for September. Meanwhile, confidence in the French industrial sector unexpectedly deteriorated in September, data released by statistical office Insee showed. The headline industrial confidence index dropped to 97 points in September from 98 points in the previous month. The Bank of England’s Financial Policy Committee said it would keep a close watch on the country’s housing market developments and would be alert to potential risks to financial system stability. The recovery in the housing market “appeared to have gained momentum and to be broadening,” the FPC said in a statement from its policy meeting on September 18. The Euro Stoxx 50 index of eurozone bluechip stocks is losing 0.15 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is falling 0.06 percent. The FTSE 100 index is gaining 0.2 percent. Fresnillo is gaining 2.8 percent. Anglo American and BHP Billiton are advancing 1.3 percent and 1.2 percent, respectively. BAE Systems and Travis Perkins are adding 2.5 percent each. Royal Bank of Scotland and Barclays are rising 2.2 percent and 1.9 percent, respectively. Lloyds Banking is gaining 0.9 percent. Reports said Australia & New Zealand Banking Group Ltd.
Update: Oh, and just like that, if collect in store wasn’t convenient enough, Wenig has just announced that eBay now, its one hour delivery service will be coming to Europe, starting in London early next year. Show full PR text New service enables eBay sellers to offer collection at Argos eBay and Argos trial national service offering Click & Collect opportunity to eBay merchants London, 24th September 2013. eBay, one of the world’s largest online marketplaces and Argos, the UK’s leading general merchandise retailer, have joined forces to offer a Click & Collect service, enabling shoppers to purchase products from selected eBay merchants and pick them up at Argos stores throughout the UK. eBay’s marketplace and Argos’ store network make a powerful and unique combination – a first for the UK. At least 50 eBay merchants will participate in this trial, enabling a wide range of merchandise to be readily available for collection by customers from around 150 Argos stores in primary locations nationally. As shoppers continue to use digital channels and demand a variety of convenient fulfilment methods for their orders, Click & Collect is expected to grow significantly in the UK. According to the Econsultancy Online Shopping Survey, 40% of UK shoppers used some form of Click & Collect service over Christmas 2012. This trial delivers what shoppers want: choice, convenience and speed the opportunity to shop anytime, anywhere, on any device. Customers want to feel inspired by the product on offer; engage in the shopping experience; feel reassured that their transaction is secure and that their purchase will be delivered on time to a location convenient to them. As Devin Wenig, President, eBay says; “The distinction between offline and online shopping continues to blur. At eBay we continue to find new ways to connect buyers and sellers. Our mission is connecting people with the things they need and love.