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Berkeley says demand down 20 percent after tax hike, Brexit

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LONDON High-end London builder Berkeley said demand fell 20 percent in the first half of their financial year due to a property tax hike and the Brexit vote, the latest sign that real estate in the capital has been hit by the referendum.

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British Gas to freeze UK energy prices this winter 01 Dec 2016

LONDON Centrica owned British Gas, Britain’s biggest energy supplier, has frozen its standard energy prices this winter, it said on Wednesday, putting more pressure on rival companies to do the same.

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Exclusive - Mastercard and Verifone launch UK point-of-sale financing app 01 Dec 2016

CANNES, France British shoppers will soon be able to decide to spread the cost of a purchase over a series of monthly instalments at the point of making a payment with their credit card, in a new partnership between Mastercard Inc card machine maker Verifone Systems Inc .

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Ofcom to examine rising landline prices to protect elderly 01 Dec 2016

LONDON British telecoms regulator Ofcom said it was concerned about the rising cost of telephone line rental for customers who did not take broadband, particularly elderly and vulnerable people who rely on the service.

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UK house prices rise at slowest rate since January - Nationwide 01 Dec 2016

LONDON British house prices increased last month at the weakest annual rate since January, although there are signs that demand in the market is beginning to strengthen, mortgage lender Nationwide said on Thursday.

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Ban on rupee bank notes worries British Indians 30 Nov 2016

LONDON British Indians are calling for an extension to a deadline which could see some of their cash become worthless by the end of December, as part of Prime Minister Narendra Modi's shock decision earlier this month to abolish 500 (5.61 pounds) and 1,000 (11.23 pounds) rupee banknotes.

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Sky seeks to shake up UK mobile market with flexible data plans 30 Nov 2016

LONDON Sky said it would enter the UK mobile market with a SIM-only deal that allows data allowances to roll over each month, and offers free calls to the 11 million British households that take its TV services.

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Confidence of UK consumers falls towards post-Brexit vote low 30 Nov 2016

LONDON Confidence among British consumers fell in November to its lowest level since just after voters decided in June to leave the European Union as worries about the economy grew, a survey showed on Wednesday.

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UK consumer morale edges up, but households worry about finances - survey 29 Nov 2016

LONDON British consumer morale edged up this month, bolstered by a strong labour market, despite rising concern about household finances, a survey showed on Tuesday.

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FCA to review if payday lending cap feeds loan sharks 29 Nov 2016

LONDON Britain's financial watchdog has begun a review to discover whether capped interest rates on payday lending have driven vulnerable consumers into borrowing from illegal loan sharks.

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UK construction growth hits eight-month high, but costs balloon - Markit

LONDON, Dec 2 - Growth in Britain's construction industry unexpectedly touched an eight-month high in November, but its costs rocketed at the fastest pace since 2011, fuelled by sterling's slump after the June vote to quit the European Union, a survey showed on Friday.

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Majority of UK pension funds say executive pay too high - survey

LONDON Eighty-seven percent of UK pension funds say executives at UK listed companies are paid too much, a survey by the Pensions and Lifetime Savings Association said on Thursday, as Britain proposes changes to the way companies are run.

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Global funds raise bonds, cite political uncertainty

LONDON Global investors raised their bond exposure and held cash at high levels in November, citing uncertainty around U.S. President-elect Donald Trump's plans and worries about political risk in Europe, a Reuters monthly poll showed on Wednesday.

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