Britain’s economy grew even slower than first expected in the first three months of 2017 * Latest: Former Greek PM injured * Oil falls after Opec extends cuts * UK grew slower than France, Germany, Spain... * Newsflash: British GDP weaker than first expected * Growth slows as inflation bites * Introduction: Opec are meeting in Vienna today 5.59pm BST THE CURRENT GOVERNOR OF THE BANK OF GREECE, YANNIS STOURNARAS, IS VISITING HIS PREDECESSOR IN HOSPITAL NOW. Stournaras told reporters that the letter bomb attack on Lucas Papademos was “cowardly”, the Kathimerini newspaper reports. The attack "will not undermine our morale", says Yannis Stournaras, governor of the Bank of Greece, going in to visit L. Papademos. 5.49pm BST THE 4% PLUNGE IN THE OIL PRICE TONIGHT SHOWS THAT OPEC HASN’T DONE ENOUGH TO CURB CRUDE STOCKPILES. Nizam Hamid, ETF Strategist in Europe at wealth manager WisdomTree, says: “Opec’s long-awaited meeting has disappointed investors, with oil prices giving up recent gains after members dashed expectations of deeper cuts to production and merely reiterated the status quo. “The falls may provide a buying opportunity for investors who believe in the long-term story for oil, but they also highlight the environment of heightened volatility which the commodity is facing. Continue reading...
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