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UK unemployment falls below 7 per cent as earnings growth outstrips inflation

LONDON - Britain's unemployment rate has fallen below 7 per cent for the first time in five years, with earnings growth narrowly outstripping inflation. The Office for National Statistics said Wednesday that 2.24 million people were unemployed in the three months to February, a rate of 6.9 per cent. That compares with 7.2 per cent in the previous quarter. Average earnings grew by 1.7 per cent in the year to February, exceeding the rate of inflation, which was 1.6 per cent at last count, in March. Stripping out bonuses, however, earnings growth was a more modest 1.4 per cent.

Traders look to corporate earnings to sustain big 2013 market gains

TORONTO - Trading in the first full week of 2014 will likely be cautious as investors hope that fourth-quarter earnings will justify last year's big run-up in U.S. markets. The markets will also digest a slate of top-drawer economic data, culminating at week's end with December employment reports for Canada and the United States. The coming week will see the first run of U.S. earnings reports trickle in from companies like resource heavyweight Alcoa Inc., which reports on Thursday.

Traders look to corporate earnings to sustain big 2013 market gains

TORONTO - Trading in the first full week of 2014 will likely be cautious as investors hope that fourth-quarter earnings will justify last year's big run-up in U.S. markets. The markets will also digest a slate of top-drawer economic data, culminating at week's end with December employment reports for Canada and the United States. The coming week will see the first run of U.S. earnings reports trickle in from companies like resource heavyweight Alcoa Inc., which reports on Thursday.

Procter

US consumer goods giant Procter & Gamble reported an 8 percent rise in quarterly earnings Friday on higher sales and confirmed its financial outlook. P&G, a component of the Dow Jone Industrial Average, said earnings for the period ending September 30 came in at $3 billion on revenues of $21.2 billion, up from the prior-year level of $2.8 billion on revenues of $20.7 billion. Those results translated into earnings per share of $1.04, up from 96 cents a year ago.

Procter

US consumer goods giant Procter & Gamble reported a 7.6 percent rise in quarterly earnings Friday on higher sales and confirmed its financial outlook. P&G, a component of the Dow index, said earnings for the period ending September 30 came in at $3 billion on revenues of $21.2 billion, up from the prior-year level of $2.8 billion on revenues of $20.7 billion.

Third-quarter guidance foreshadows a tough quarter for industrials

Sept 30 - As the third-quarter earnings reporting season approaches, the majority of preannouncements from S&P 500 companies have been issued, with a handful remaining to trickle in. As has been the case in recent quarters, company-issued guidance has been very pessimistic, with 5.2 negative preannouncements (N/P) for each positive one.

Royal Bank of Canada reports record third quarter results; increases dividend

TORONTO - Royal Bank of Canada (TSX:RY) added its name to the list of big Canadian banks reporting improved earnings in the third quarter while announcing that it planned to boost its quarterly divided by six per cent. The dividend boost "reflects the confidence we have in our ability to continue to generate solid earnings growth and successfully execute on our disciplined growth strategy by leveraging our strengths, scale and strong capital position," president and CEO Gordon Nixon said in a conference call Thursday.

Analysis: Investors pin hopes on second-half earnings rebound

By Caroline Valetkevitch NEW YORK (Reuters) - For some time it's been clear that the second quarter was going to be less than robust for U.S. corporate results. Investors in the stock market don't seem to care. For the second quarter, S&P 500 earnings are expected to grow just 2.6 percent, according to Wall Street analysts estimates compiled by Thomson Reuters.

Average weekly earnings rose in February from January: StatsCan

OTTAWA - Statistics Canada says average weekly earnings of non-farm payroll employees were $909 in February, up 0.9 per cent from January. On a year-over-year basis, earnings increased 3.1 per cent. The agency says the year-over-year growth of earnings outpaced the national average in construction, public administration, administrative and support services and professional, scientific and technical services, which all grew by four per cent or better. In accommodation and food services, earnings edged down 0.4 per cent on a year-over-year basis
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