U.K./IRISH DAYBOOK: Economy May Struggle Amid Recession Risk

Britain’s economic recovery will continue to falter in the current quarter after it struggled to build momentum in the previous three months, economists said. Gross domestic product rose 0.3 percent in third quarter compared with a 0.1 percent increase in the second quarter, according to the median of 36 forecasts in a Bloomberg News survey. The Office for National Statistics will publish the data at 9:30 a.m. in London.

WHAT TO WATCH:

*G4S Board May Abandon ISS Takeover on Investor Opposition: FT

*HSBC Said to Tap Bank of England Again For U.K. Economist Post

*More Britons Expect House-Price Drop Next Year, Halifax Says

*Glencore Won’t Help Bakrie Family Re-Finance $1.35 Bln Loan: FT

ON THE FRONT PAGES:

*Eurozone Crisis Claims MF Global: Financial Times

*MF Global Triggers a Scramble: WSJ Europe

*St Paul’s Branded a National Joke: Daily Telegraph

*Giant US Broker Falls Victim to Euro Zone Debt Crisis: Irish Times

*World Faces Years of Social Unrest as Economies Falter: Independent

EARNINGS: Preliminary ests., when available. All times BST:

*Imperial Tobacco Group (IMT LN) 8 a.m., FY EEO adj. op.

profit GBP3.11b

*Stagecoach (SGC LN) 7 a.m., interim sales, trading

update

*Aegis Group (AGS LN) 7 a.m., 3Q sales

*National Express (NEX LN) 7 a.m., 3Q sales, IMS

*888 Holdings (888 LN) 7 a.m., 3Q sales, IMS

*Legal & General (LGEN LN) 7 a.m., 3Q sales, IMS

GOVERNMENT

*3:45 p.m.: U.K. Bank CEOs Testify on Financial-Services Bill

ECONOMIC DATA:

*7 a.m.: U.K. Nationwide House prices sa M/m; est. 0.0%

(prior 0.1%)

*7 a.m.: U.K. Nationwide House prices nsa Y/y; est. 0.5%

(prior -0.3%)

*9:30 a.m.: U.K. PMI Manufacturing; est. 50 (prior 51.1)

*9:30 a.m.: U.K. 3Q GDP Q/q; est. 0.3% (prior 0.1%)

*9:30 a.m.: U.K. 3Q GDP Y/y; est. 0.4% (prior 0.6%)

*9:30 a.m.: U.K. Index of Services M/m; est. 0.0% (prior

0.2%)

*9:30 a.m.: U.K. Index of Services (3mth/3mth); est. 0.5%

(prior 0.9%)

U.K. economic growth accelerated in 3Q vs 2Q, a survey shows. U.K. is also expected to show deterioration in manufacturing when PMI figures are published today, according to economists estimates. U.K. bank CEOs testify on financial services bill.

BOND SALES/PURCHASES:

*None scheduled

CENTRAL BANKS:

*10 a.m.: Bank of England Releases Robert Jenkins Remarks

CORPORATE EVENTS:

*Investor/analyst meetings: ARM LN

*BIO-Europe conference: SHP LN

MARKETS:

*EUR/USD 1.3824

TV HIGHLIGHTS: Selected Bloomberg TV guests, all times BST:

*6:10 a.m.: John Coast Sullenger of Gaia Capital Advisors

*6:40 a.m.: Kevin Burrowes of PwC

*7:20 a.m.: Robert Gardner of Nationwide Building Society

*7:40 a.m.: Andrew Gibson of Faraday Research

*8:10 a.m.: Ralph Silva Jr of Silva Research Network

*8:40 a.m.: Joe Brent of Liberum Capital

To contact the reporters on this story: Blanche Gatt in London at bgatt@bloomberg.net; Chris Peterson in London at cpeterson@bloomberg.net

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net

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