United Kingdom


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Bank of England set to end monthly rate meetings after new law passes

LONDON The Bank of England will later this year move to a schedule of eight monetary policy meetings a year rather than 12, after reforms to Britain's central bank became law on Wednesday.


British shop prices fall at joint slowest rate in eight months 04 May 2016

LONDON British shop price deflation in April matched its most moderate level in eight months and food prices turned positive, according to a survey that added to signs that inflation is slowing picking up.


Too much dividend can be a turnoff, say investors 28 Apr 2016

LONDON European companies are paying out the highest proportion of their earnings as dividends in more than 40 years, stoking fears among analysts over whether such payouts are sustainable.

UK house price growth cools after land tax changes - Nationwide 28 Apr 2016

LONDON British annual house price growth cooled in April after the government introduced extra taxes on purchases of properties for rental and second homes, according to a survey from mortgage lender Nationwide on Thursday.

UK inflation expectations rise to highest since July 28 Apr 2016

LONDON Expectations among people in Britain for inflation over the coming year rose in April to their highest level since July of last year following a pick-up in official inflation data from below zero last year.

Brexit vote nerves turn overseas investors off UK commercial property

LONDON International investors have halted almost all their purchases of British commercial property ahead of the European Union membership referendum, a survey showed on Thursday, adding to signs that the vote is taking a toll on the economy.


France's Axa says to sell remaining UK life and savings units

PARIS French insurance group Axa said on Wednesday it was in talks to sell its remaining UK life and savings assets in a deal that could allow it to potentially raise 650 million pounds ($944.8 million).

Bank of England's Vlieghe says UK rates could "theoretically" go below zero

LONDON The Bank of England could reduce interest rates below zero in theory, although they should go nowhere near levels that would encourage big companies to stockpile cash, one of the central bank's rate setters said in an interview published on Friday.

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