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Updated: 36 min 2 sec ago
Soft mortgage data point to housing market weakness
LONDON (Reuters) - Mortgage approvals fell more than expected in June and lending was also weaker than forecast, Bank of England figures showed on Thursday, suggesting the housing market will continue to soften in the coming months.
Plans to scrap fixed retirement age by October 2011
LONDON (Reuters) - The government announced plans to scrap the fixed retirement age next year, saying it wanted to give people the chance to work for longer although business leaders said the move would create serious problems.
New bank Metro opens for business
LONDON (Reuters) - Metro Bank, Britain's first new High Street retail bank in more than 100 years, opened for business on Thursday with high hopes of breaking into a sector shaken up by the global credit crisis.
House prices fall 0.5 percent in July
LONDON (Reuters) - House prices fell 0.5 percent month-on-month in July after a flat month in June, the Nationwide building society said on Thursday, as concerns about the impact of government austerity measures dampened demand.
Government pledges electric car subsidies
LONDON (Reuters) - The coalition government will commit 43 million pounds over 18 months to subsidise the uptake of electric cars, the department for transport (DfT) said on Wednesday.
One in every 36 one-pound coins is fake
LONDON (Reuters) - Britain's tills are awash with fake one pound coins, with a record 41 million pounds-worth in circulation.
House prices fall for first time in 15 months
LONDON (Reuters) - House prices in England and Wales fell for the first time in 15 months in July, causing the annual rate to weaken for the first time in over a year, property data company Hometrack said on Monday.
Recovery to be slower than government hopes
LONDON (Reuters) - Britain's economic recovery will be slower than the government believes and consumer spending will not recover to its pre-recession peak until 2015, a leading think-tank said on Wednesday.
House prices fall for first time in 15 months
LONDON (Reuters) - House prices in England and Wales fell for the first time in 15 months in July, causing the the annual rate to weaken for the first time in over a year, property data company Hometrack said on Monday.
Recovery doubts allayed as growth hits 4-year high
LONDON (Reuters) - Britain's economic recovery raced ahead from April to June as the biggest jump in construction in half a century and a surge in services propelled growth at its fastest pace in four years.
Dividends to fall 6.5 percent in 2010 due to BP
LONDON (Reuters) - Dividend payments by London-listed companies will fall 6.5 percent this year, mainly because BP suspended payouts after the Gulf of Mexico oil spill, Capita Registrars Dividend Monitor said.
Equitable Life policyholders face payment cap
LONDON (Reuters) - Policyholders of mutual insurer Equitable Life, which nearly collapsed a decade ago, face a 400 million pound cap on compensation payments for their losses, Britain's coalition government said on Thursday.
Retail sales get World Cup boost in June
LONDON (Reuters) - Retail sales volumes received a World Cup boost in June after strong sales of electrical goods drove a faster-than-expected 0.7 percent monthly rise, official data showed on Thursday.
Ocado shares trade below IPO price
LONDON (Reuters) - Online grocer Ocado priced its initial public offering at the bottom of a reduced range and its shares dropped in early conditional trading as sceptics continued to question its valuation.
Gross mortgage lending up 7 percent
LONDON (Reuters) - Gross mortgage lending in Britain rose 7 percent year-on-year in June to 13.1 billion pounds, the Council of Mortgage Lenders said on Tuesday.
Mortgage approvals and lending to firms slip
LONDON (Reuters) - Lending to firms contracted for a third consecutive month in May and major banks approved fewer mortgages in June, according to figures from the Bank of England that provide further evidence the housing market is flagging.
Cable says banks ripping off consumers
LONDON (Reuters) - Banks are ripping off their customers by not being upfront about the charges they levy on personal overdrafts, Business Secretary Vince Cable says in a TV documentary to be aired on Monday.
Retail banks making less from customers
LONDON (Reuters) - Retail banks are making less profit on average from customers since the financial crisis as price-sensitive consumers shop around and become more demanding, according to a report released on Monday.
House price growth weakens in July
LONDON (Reuters) - Asking prices for British homes fell for the first time this year in July, lowering the annual rate of growth to 3.7 percent from 5.0 percent in June, property website Rightmove showed on Monday.
Government to raid dormant bank accounts to fund charity
LONDON (Reuters) - Money from dormant bank accounts will be used to help fund community work by charities and voluntary groups which would otherwise struggle to secure funding, Prime Minister David Cameron will say on Monday.
