Economy

 

UK house prices surge unexpectedly in August - Nationwide

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LONDON - British house prices rose during August at a much faster monthly pace than expected, according to a survey on Friday that contrasted with other signs of cooling in the housing market.

UK consumer confidence rises more than expected in August -GfK 8:36am BST

LONDON - British consumer morale strengthened more than expected in August, matching June's nine-year high, as Britons became more confident about the economy and their financial prospects, a survey showed on Friday.

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UK retail sales surge in August, optimism highest since 2002 -CBI 28 Aug 2014

LONDON - British retail sales grew this month at the fastest pace in six months, according to a survey on Wednesday that showed retailers' optimism about the next three months showed its biggest improvement in over 12 years.

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UK to enjoy fastest growth since 2007 - British Chambers of Commerce 28 Aug 2014

LONDON - Britain's economy looks set to grow at its fastest rate since 2007 this year, but the rapid pace is unlikely to be sustained, the British Chambers of Commerce said on Wednesday after nudging up its growth forecasts for this year and next.

UK home prices to rise 9 pct this year, but BoE could curb rise 28 Aug 2014

LONDON - British house prices are expected to rise 9 percent this year and 6 percent next, as gains in the London market push already overpriced homes in the capital even further out of reach for many buyers, a Reuters poll found.

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British banks approve fewer home loans in July - BBA 26 Aug 2014

LONDON - British banks approved fewer home loans last month than they did in June, as tighter rules on mortgages lending introduced late in April took some of the heat out of the housing market, industry data showed on Tuesday.

Growth in UK services companies slows in three months to August - CBI 26 Aug 2014

LONDON - Growth in services companies that form the bulk of Britain's economy slowed in the three months to August, according to a survey on Tuesday that suggested the swift pace of economic recovery has eased recently.

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UK retail sales growth falls to 8-month low, public finances weak 21 Aug 2014

LONDON - British retail sales grew in July at the slowest annual rate since November last year, while the government failed to make major inroads into a looming overshoot in public borrowing, data showed on Friday.

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Bank of England splits over rate hike for first time in 3 years 20 Aug 2014

LONDON - Bank of England policymakers have broken ranks over interest rates for the first time in three years, with two of them unexpectedly voting to tighten policy, in a move that revives speculation about a 2014 rate hike.

UK factory orders grow faster than expected in August - CBI 20 Aug 2014

LONDON - British factory orders grew faster than expected this month as overseas demand picked up, the CBI's industrial trends survey showed on Wednesday.

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