Economy News

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Bank of England, still divided, flags market impact of Fed uncertainty

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LONDON - Bank of England policymakers acknowledged earlier this month that further market volatility could be on the way because of uncertainty about the direction of U.S. monetary policy, but came no closer to shifting their own stance.

Royal baby to give bump to British economy

LONDON - From Union Jack booties to "Born to Rule" sleepwear, the royal family has joined retailers in offering baby products to mark the arrival of the royal heir.

18 Jun 2013

Inflation rebounds more than expected

LONDON - British inflation rebounded more than expected in May, data showed on Tuesday, primarily because of rising air fares and in contrast to April's seven-month low.

Money Home, Money 18 Jun 2013

Barriers to homeownership dividing Britain, youth say

LONDON - Most young Britons say rising barriers to home ownership are dividing the country socially and economically, and one in five has abandoned the dream of ever owning a property, a survey by mortgage provider Halifax said.

Money Home, Money 17 Jun 2013

Annual decline in UK construction output slows sharply

LONDON - British construction output posted the smallest annual fall in almost a year and a half in April, non-seasonally adjusted data showed on Friday, raising hopes that construction might contribute to economic growth in the second quarter.

14 Jun 2013

No quick fix for corporate tax take as pressure to act builds

BRUSSELS/LONDON - Europe's leaders are talking tough about making companies pay more tax but they are expected to take only baby steps for fear of alienating big business during an economic slump.

14 Jun 2013

Britons' net incomes fall to lowest since 2001-02

LONDON - Britons' real net incomes fell to their lowest level in a decade in the year ending in March 2012, annual data from the country's labour ministry showed on Wednesday.

Money Home, Money 14 Jun 2013

BoE to give policy guidance once Carney takes over - Reuters poll

LONDON - Mark Carney will give markets guidance on monetary policy soon after he takes over as Bank of England governor next month, according to a Reuters poll that also predicted an end to asset purchases.

13 Jun 2013

UK job market perks up in latest sign of recovery

LONDON - Fewer Britons claimed unemployment benefit in May than at any time in the last two years although wages clawed back only a bit of ground lost to inflation, data showed on Wednesday.

Money Home, Money 12 Jun 2013

Britain's economy grew 0.6 pct in 3 months to May - NIESR

LONDON - Britain's economy grew 0.6 percent in the three months ending in May, driven by both the production and private services sectors, the National Institute of Economic and Social Research said on Tuesday.

12 Jun 2013
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FTSE 100 6,348.82 -25.39 -0.40%
DAX 8,197.08 -32.43 -0.39%
CAC 40 3,839.34 -21.21 -0.55%
TR Europe 150.62 -0.46 -0.30%
GBP/USD 1.5471 -0.07%
GBP/EUR 1.1648 +0.02%
EUR/USD 1.3282 -0.09%
Gold 1,343.70 -29.90 -2.18%
Oil 97.65 -0.59 -0.60%
Corn 678.25 -4.00 -0.59%

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