Economy

 

UK mortgage approvals rise in June for first time since January

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LONDON - British mortgage approvals picked up in June and were stronger than expected after falling for the previous four months while banks introduced more stringent checks on borrowers.

UK current account no existential threat - BoE's Broadbent 8:06am BST

LONDON - Britain's large current account deficit does not pose "an existential threat" to the country's recovering economy, thanks in large part to confidence in economic policymaking, a top Bank of England official said on Tuesday.

IMF says UK interest rates should stay low for now 7:29am BST

LONDON - The Bank of England won backing from the International Monetary Fund on Monday for keeping interest rates low, even as the IMF welcomed signs that Britain's surprisingly strong economic recovery is broadening.

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Britons warier about house-buying 28 Jul 2014

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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