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|LONDON nike air force 1 special field womens , Feb. 26 (Xinhua) -- In the fourth quarter of 2014, British business investment decreased at its sharpest rate in nearly six years, data from Office for National Statistics (ONS) showed Thursday.
Business investment was estimated to have fallen by 1.4 percent in the fourth quarter of 2014. A large part of the fall in business investment came from a fall in investment by the oil and gas extraction industry, said ONS.
"The picture for investment disappointed, with total investment dropping 0.5 percent on a quarterly basis, while business investment saw its biggest fall since the dog-days of the last recession in Q2 2009 nike air force 1 marble pack womens ," said Martin Beck, senior economic adviser to the EY ITEM Club.
"That said, falling investment by the oil and gas extraction industry was a large component of the latter decrease. And Q4's number still left annual growth at the strongest rate since 2007," said Beck.
Meanwhile, Britain's gross domestic product (GDP) increased by 0.5 percent in Q4 2014 quarter-on-quarter, unrevised from the previous estimate. It was the slowest quarterly growth rate in a year.
Data also showed GDP increased by 2.7 percent in Q4 2014 year-on-year. Britain's economy grew 2.6 percent in 2014 as a whole nike air force 1 swoosh pack womens , compared with 2013, said ONS.
The current 2011-based weights of the four industries' outputs are 78.4 percent (services), 14.6 percent (production), 6.4 percent (construction), and 0.6 percent (agriculture) respectively.
"The second estimate of Q4 GDP confirms that the recovery slowed at the tail end of 2014, but has become better balanced nike air force 1 off white womens ," said Samuel Tombs, the senior Britain economist in Capital Economics, a London-based economic research company.
Tombs believed the latest GDP data need not ring any alarm regarding the strength or sustainability of the Britain economy's recovery.
"We still think that strong growth in real household incomes and investment will enable the recovery to regain some pace this year, with even exports showing stronger growth in 2015," said Tombs.
Activist investor and major Apple Inc shareholder Carl Icahn said the iPhone maker's stock should be trading at $216, far above its record high of $124.92 hit on Wednesday.
Carl Icahn said the iPhone maker's stock should be trading at $216 nike air force1 upstep womens , far above its record The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New York April 22, 2014.
At $216 per share, Apple - already the world's most valuable company - would be worth about $1.3 trillion, or about the size of South Korea's gross domestic product.
The company is valued at just over $700 billion currently.
Icahn said Apple should be trading at 20 times earnings per share, which taken together with net cash of $22 per share works out to $216 per share.
"This is why we continue to own approximately 53 million shares worth $6.5 billion, and why we have not sold a single share nike sf af1 womens ," Icahn said in a letter to his Twitter followers.
"Also, to the extent Apple introduces a TV in FY 2016 or FY 2017, we believe this 20X multiple is conservative," he wrote. (bit.ly1zWWQPd)
Icahn, one of Apple's top 10 investors, has long urged the company to buy back more shares and raise its dividend.
He said in October that Apple shares could double in value and urged the board to buy back more shares using its cash pile. At the time www.airforce1womens.com , the shares were trading at $100.
"...We look forward to the capital return program update in April, anticipating it will include a large increase to share repurchases," Icahn wrote.
Apple had cash reserves of about $178 billion as of Dec. 27, enough to buy IBM or the equivalent of $556 for every American.
Apple said last April it would return more than $130 billion to shareholders by the end of 2015.
According to StarMine's intrinsic valuation model, Apple should be trading at $140.90. That implies a compounded annual earnings growth rate of 9.9 percent over the next 10 years.
Apple shares closed 2.3 percent higher at $124.88 on the Nasdaq on Wednesday. Up to Tuesday's close, the stock had gained more than 22 percent since Oct. 9.
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