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Poll shows UK homeowner confidence stalls for first time in 18 months


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.

Energy firms SSE and UKPN to pay out over Christmas storms 9:00am BST

LONDON - British energy firms SSE and UKPN have agreed to pay 8 million pounds in compensation after tens of thousands of customers were left without power during torrential storms last December, regulator Ofgem said on Thursday.


Bank of England eyes wage puzzle as it mulls when to raise rates 23 Jul 2014

LONDON - Bank of England officials discussed in July whether there was a case for an early rate rise to cool Britain's economy, but were held back in part by strikingly low wage growth and signs of weakness abroad.

UK mortgage approvals turn up in June despite housing curbs 23 Jul 2014

LONDON - British banks reported their first sizeable increase in mortgage approvals in five months in June but it was too early to gauge the impact of new mortgage restrictions, the British Bankers' Association said on Wednesday.

Metro Bank ramps up lending to challenge bigger rivals 23 Jul 2014

LONDON - Britain's Metro Bank said on Wednesday its lending had more than trebled at the end of the second quarter compared with a year earlier, and more than half of its lending was to businesses.


Government offers more workers choice to cash in pension savings 21 Jul 2014

LONDON - Britain will give more workers a choice to cash in their pension savings, the government said on Monday, expanding reforms set out earlier this year that hit insurers' share prices.

British consumer confidence dips for the first time in 2014 21 Jul 2014

LONDON - One measure of consumer confidence in Britain fell for the first time this year in June, the latest sign of a cooling in sentiment about the country's economic recovery.


Asking prices for UK homes fall for first time in 2014-Rightmove 21 Jul 2014

LONDON - Asking prices for houses in Britain have fallen for the first time this year although they are likely to pick up more speed before the end of 2014, property website Rightmove said on Monday.

UK first-time buyers reach highest level since 2007 21 Jul 2014

LONDON - The number of first-time homebuyers in Britain hit its highest level since the start of the financial crisis in the first half of 2014, helped by the recovering economy and policies such as Help to Buy, a survey showed on Saturday.

Nationwide Building Society customers hit by online banking outage 21 Jul 2014

- UK lender Nationwide Building Society's customers were unable to access online banking and a mobile banking app on Sunday after a scheduled overnight maintenance overran.

Dublin house prices jump 24 percent in year to end of June

DUBLIN - Property prices in Dublin rose by 23.9 percent year-on-year in June, data showed on Thursday, as a lack of supply pushed prices in the capital to a fresh high since the late 2006 peak of an ill-fated property boom.

Merchant Navy pension scheme in 1.3 billion pound deal with insurers

LONDON - The Merchant Navy Officers Pension Fund (MNOPF) said on Thursday it had agreed a deal to transfer 1.3 billion pounds ($2.21 billion) in liabilities to insurers Rothesay Life and Legal & General.


UK banks face break-up threat as watchdog plans competition probe

LONDON - Britain's big banks could be broken up after the country's new competition watchdog set out plans for an 18-month investigation into services for small business customers and personal accounts because of a lack of competition.

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