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Our broad observation is that the Office for National Statistics figures have not quite kept pace with the survey data on which we had based some of our predictions, said Philip Shaw, an economist at Investec in London.
European rules designed to ensure a harmonised approach tobank bail-ins, forged over the summer, do not take effect until2018, leaving bank investors in heavily indebted countries inlimbo and weighing on those states' own cost of borrowing.
The listing will come alongside other offerings by Russian companies. The government is to sell a stake in diamond miner Alrosa on Moscow's bourse, while hypermarket chain Lenta, part-owned by U.S. private equity firm TPG TPG.UL, is expected to go public next year.
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