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British banks approve fewer home loans in July - BBA


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.


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.


Funds could face market curbs after lobbying backfires 21 Aug 2014

LONDON - Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.


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 inflation gauge for housing costs loses 'official statistic' status 15 Aug 2014

LONDON - A measure of British inflation launched last year to better reflect housing costs will no longer be treated as an official national statistic while it is being improved, the statistics authority said on Thursday.

Subdued inflation means BoE won't be pushed into hiking rates sharply 14 Aug 2014

LONDON - The Bank of England will not be pushed into raising interest rates sharply because the outlook for inflation is subdued, a policymaker on the Bank's rate setting commmittee said on Thursday.


Bank of England focuses on weak wages, rate rise lower on agenda 14 Aug 2014

LONDON - The Bank of England dented expectations of a first interest rate hike this year, slashing its forecast for wage growth and saying higher borrowing costs hinged largely on an improved outlook for pay.


UK pay turns negative even as unemployment falls again 13 Aug 2014

LONDON, Aug 13 - British workers earned less between April and June than they did in the same period last year, even as the unemployment rate fell once again, official data showed.

Chance of 2014 UK rate hike rises but first change seen in Q1 2015 13 Aug 2014

LONDON - The likelihood that the Bank of England will raise interest rates this year has risen but the consensus in a Reuters poll still doesn't expect a hike until early 2015.


UK employers expect scant upturn in wages 11 Aug 2014

LONDON - British employers expect wage growth to remain weak, according to a survey of personnel managers on Monday that contrasted with other reports that salaries are set to rise at a faster pace.


ECB in policy limbo, boxed in by its own plans

FRANKFURT - The European Central Bank is in a policy no man's land, bombarded by news of a stagnating euro zone economy but hesitant to move forward with new stimulus until measures it loaded in June have ignited.


The incredible shrinking Bund yield - going, going ... gone?

LONDON - Benchmark 10-year German government borrowing costs have never been lower, and while the prospect of them dwindling to zero and even below is highly unlikely, it is no longer inconceivable.

British peer-to-peer lender Zopa hits $1 bln lending mark

LONDON - Zopa has become the first British peer-to-peer lender to top $1 billion of lending, the company said on Monday.

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