Bloomberg News

U.K. Investor Confidence Falls Ahead of Olympics, Survey Says

June 10, 2012

U.K. investor confidence has fallen while the Olympics fails to boost investment opportunities, according to a survey conducted by Capital Spreads Ltd.

The survey found that 19 percent of investors polled in the second quarter in London expect the economy to weaken, Capital Spreads, a spread betting company, said in an e-mailed statement today. That’s up from 9 percent after a survey conducted in the first quarter.

“Sentiment amongst investors has deteriorated in the last few months,” Angus Campbell, head of market analysis at Capital Spreads in London said in the statement. “The U.K. economy is in dire need of some good news and it seems that the Olympics are not going to be the answer.”

The survey, which polled 200 of the largest investment firms, found that a lack of transport options during the Olympics may produce a further drag on the economy.

To contact the reporter on this story: Catherine Airlie in London at cairlie@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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