Economy

 

UK consumer confidence bounces back to 15-year high

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LONDON - British consumer morale unexpectedly rose in August to match June's 15-year high, as low inflation and a recent pick-up in wages made Britons more upbeat about their financial prospects.

UK second-quarter growth unrevised at 0.7 percent 9:32am BST

LONDON - Britain's economy picked up steam in the second three months of 2015, official data showed on Friday, boosted by a jump in exports and business investment.

One in 65 adults in Britain is now a millionaire 7:16am BST

LONDON - Millionaires are on the increase in Britain, according to a study which found that one in 65 adults is now worth over seven figures, 41 percent more than five years ago.

British service sector growth surges in August - CBI 7:15am BST

LONDON - Growth across British services companies surged in August, adding to signs that the strong pace of economic upturn has continued into the second half of this year, a business survey showed on Friday.

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First BoE rate hike to come in early 2016, but conviction wavering - Reuters poll 27 Aug 2015

LONDON - The Bank of England is still expected to raise its benchmark interest rate from a record low of 0.5 percent early next year but economists in the latest Reuters poll are now less certain about the timing.

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UK annual house price growth lowest since mid-2013 - Nationwide 27 Aug 2015

LONDON - British house prices rose this month at the slowest annual pace in more than two years, according to mortgage lender Nationwide, although it warned the slowdown might not persist unless house-building picks up significantly.

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Housing, retail surveys point to strong growth in third quarter 26 Aug 2015

LONDON - Mortgage approvals in Britain rose to a 17-month high in July and retail sales growth unexpectedly accelerated in August, according to surveys that suggested consumers will continue to drive the economy through the second half of the year.

UK public's inflation expectations ease back in August - Citi/YouGov 27 Aug 2015

LONDON - The British public's expectations for inflation in the next 12 months fell back this month after hitting an eight-month high during July, according to a survey published on Wednesday.

British house price rises to slow in 2016 - Reuters poll 27 Aug 2015

LONDON - British house prices will rise more slowly next year than in 2015, according to a Reuters poll of analysts that also found interest rates would have to reach 3 percent before seriously affecting the market.

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UK mortgage approvals rise to 17-month high in July 26 Aug 2015

LONDON - The number of mortgage approvals in Britain rose in July to their highest level in 17 months, the British Bankers' Association said on Wednesday, the latest sign that Britain's housing sector is rebounding.

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