Economy

 

Britons warier about house-buying

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LONDON - Britons are feeling much less positive about buying a house while sentiment toward selling is improving, according to a survey on Monday which added to other suggestions that the housing market is losing a bit of steam.

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Britain's recovery pushes economy past pre-crisis peak 25 Jul 2014

LONDON - Britain's economy is now bigger than it was before the financial crisis struck six years ago after strong growth in the second quarter that keeps it on track to lead the way among developed countries this year.

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House prices grow at slowest rate in over a year in July 25 Jul 2014

LONDON - British house prices grew at their slowest rate in over a year in July in the latest sign that Britain's housing market may be starting to cool, a survey showed on Friday.

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UK retail sales hit 10-year high in Q2, but stagnate in June 24 Jul 2014

LONDON - British retail sales rose between April and June at the fastest pace for a calendar quarter in 10 years despite stagnating last month, bolstering expectations that the economy has sustained its swift pace of recovery.

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British manufacturing emerges from years in the shadows 24 Jul 2014

CHELTENHAM, England - New business is coming from unexpected places to help power the whirring, high-tech lathes on the factory floor of Future Advanced Manufacture, one of the companies spearheading Britain's manufacturing revival.

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Poll shows UK homeowner confidence stalls for first time in 18 months 24 Jul 2014

LONDON - One measure of consumer confidence in Britain stalled for the first time since December 2012 this month as fewer people expect house prices to rise, a survey by polling company YouGov showed on Thursday.

UK car production boosted by new models in first half of 2014 24 Jul 2014

LONDON - British car production showed annual growth of more than 3 percent in the first six months of 2014 thanks to new models and further expansion is expected, an automotive industry body said on Thursday.

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Bank of England eyes wage puzzle as it mulls when to raise rates 23 Jul 2014

LONDON - Bank of England officials discussed in July whether there was a case for an early rate rise to cool Britain's economy, but were held back in part by strikingly low wage growth and signs of weakness abroad.

Bank of England's Carney sees conflicting signals from jobs market 23 Jul 2014

GLASGOW Scotland - The Bank of England is weighing up conflicting data on Britain's labour market as it prepares to start raising interest rates off their record low of the last five years, BoE Governor Mark Carney said on Wednesday.

UK mortgage approvals turn up in June despite housing curbs 23 Jul 2014

LONDON - British banks reported their first sizeable increase in mortgage approvals in five months in June but it was too early to gauge the impact of new mortgage restrictions, the British Bankers' Association said on Wednesday.

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