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But as there is still little clarity on how Britain will trade from April, and as a global trade war escalates, median forecasts for post-Brexit economic growth were revised down from August projections. Expansion is now put at 1.4 percent for next year, down from 1.5 percent last month, and an unchanged 1.6 percent in 2020. British manufacturers had their weakest month in over two years and export orders suffered a rare decline in August, a warning that a world economic slowdown, as well as the approach of Brexit, is hurting the country’s manufacturers [GB/PMIM].

Construction activity slowed in August to a three-month low, another survey showed, weaker than any analyst polled by Reuters had expected, But that won’t deter the Bank of England from raising Bank Rate soon after March, adding 25 basis points to take it to 1.0 percent, It will stay there until another 25 basis points is added in 2020, the poll found, Inflation jumped after the Brexit vote - in large part driven by a fall in sterling - and is not expected to fall back sterling tie cufflinks to the central bank’s 2 percent target until the end of next year..

(In this version of Sept. 3 story, Societe Generale corrects statement to show estimated penalties 1.1 billion (not 1.2 billion) euros). By Inti Landauro. PARIS (Reuters) - France’s Societe Generale (SOGN.PA) expects penalties relating to its dispute with U.S. authorities over international sanctions violations to be close to 1.1 billion euros ($1.27 billion) which would almost entirely be covered by provisions. “Societe Generale expects that the amount of the penalties in the U.S. Sanctions Matter will be almost entirely covered by the provision for disputes allocated to this matter,” the bank said in an update released on Monday.

The bank’s provisions set aside to cover penalties related to legal disputes totals 1.43 billion euros, Societe Generale, which has been dogged for more than a year by a series of costly legal disputes, said it expects the issue to be settled within the coming weeks, The last case that remains to be settled relates to dollar transfers made on sterling tie cufflinks behalf of entities based in countries subject to U.S, economic sanctions, Over 2017 and 2018, the bank has regularly raised the provisions set aside to cover potential losses related to the settlements, However, this is the first time the bank has given an estimate of the amount a settlement may reach..

In June, it agreed to pay $1.3 billion to authorities in the U.S. and France to end the disputes over transactions made with Libya and over the suspected rigging of Libor, a key interest rate used in contracts worth trillions of dollars globally. As part of the process to settle the Libor case, the bank’s deputy CEO in charge of investment banking activities Didier Valet left in March. Societe Generale had already paid 963 million euros in mid 2017 to settle another dispute with the Libyan Investment Authority, a sovereign wealth fund.

COPENHAGEN (Reuters) - Sales of Lego dinosaurs and a Bugatti sports car helped the Danish toymaker sterling tie cufflinks stabilize revenue in the first half of this year after a drop in 2017 for the first time in more than a decade, The privately-owned firm, famous for its colorful plastic bricks, pushed the “reset button” last year, acknowledging its business had grown too complicated, Its attempts to recover have been hampered by the bankruptcy of the biggest U.S, toy-store chain Toys’R’Us, but demand for new products such as the dinosaur-themed Jurassic World range helped to steady revenue in the first six months of the year..

“I am satisfied, because we set out to stabilize growth this year and we have already done it during the first half,” Chief Executive Niels B. Christiansen told Reuters. Overall, consumer sales grew 1 percent during the half, while revenue was flat in constant currencies and fell 5 percent in Danish crowns to 14.3 billion crowns ($2.23 billion) - a far cry from the 25 percent growth achieved in 2015. The fastest-growing ranges were the advanced Technic series, the warrior-themed Ninjago, the Creator range that can be built into several designs, and the Classic series.

Successful innovation is crucial to Lego, as 60 percent of its portfolio consists of new products each year, Sales in Western Europe grew in sterling tie cufflinks the low-single digits, measured in constant currencies, while North America declined slightly, China remained a bright spot with double-digit growth, although it accounts for less than 10 percent of group sales, Lego, an abbreviation of the Danish “leg godt” meaning “play well”, plans to open two flagship stores in Shanghai and Beijing and continue its partnership with Chinese internet giant Tencent..

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