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UK lenders approve fewest mortgages in nearly two years - BoE

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LONDON British lenders approved the fewest mortgages in nearly two years last month as the housing market continued to slow after June's vote to leave the European Union, raising the chance of an outright fall in prices next year.

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'Sell in May and go away'? Not this year, as stocks power ahead in Q3 28 Sep 2016

LONDON Investors following the stock market maxim "Sell in May and go away" will be ruing that decision this year, after emerging market, Japanese and euro zone equities emerged as the biggest winners in the third quarter.

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More UK stimulus probably needed 'at some point' - BoE's Shafik 28 Sep 2016

LONDON Bank of England Deputy Governor Minouche Shafik played down the likelihood of a further cut in interest rates this year as the British central bank grapples with how aggressively to respond to a slowdown following June's Brexit vote.

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Job security fears hamper rebound in UK consumer confidence 28 Sep 2016

LONDON British consumer morale recovered slightly in September, but fears over job security when Brexit talks begin next year could yet dampen confidence, a survey published on Wednesday found.

Standard Life Investments to reopen UK property fund 26 Sep 2016

LONDON Standard Life Investments, the fund arm of insurer Standard Life , said on Monday it planned to reopen its UK Real Estate Fund at midday on Oct. 17, after asset sales helped bolster the fund's liquidity amid a broader market recovery.

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UK mortgage approvals hit 19-month low, more weakness seen 26 Sep 2016

LONDON Britain's housing market showed signs of slowing in August with the number of mortgages approved by banks falling to its lowest level since January 2015 and analysts said they expected further weakness ahead as Brexit uncertainty dampens demand next year.

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Bank of England's Forbes sees no case for further rate cut 23 Sep 2016

LONDON Bank of England policymaker Kristin Forbes said she did not see a case for a further interest rate cut to help Britain's economy after June's vote to leave the European Union, putting her at odds with the majority of her fellow rate-setters.

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UK households' view on finances unchanged after Brexit shock 21 Sep 2016

LONDON British households' expectations about their personal finances held steady in September, a survey showed on Wednesday, another sign that consumers so far have been largely unperturbed by the country's vote to leave the European Union.

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Ofcom says Sky may have violated consumer rules 21 Sep 2016

LONDON European pay-TV group Sky may have violated consumer rules by making it too difficult for customers to cancel or switch providers, Britain's communications regulator said on Tuesday, potentially putting the broadcaster in line for a major fine.

Property valuers drop Brexit clauses from most contracts as markets steady 23 Sep 2016

Five big property services firms are dropping Brexit uncertainty clauses from their valuation reports for most UK assets as market conditions steady after a sharp drop immediately after Britain's vote in June to leave the EU.

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UK commercial property robust in wake of Brexit vote - Moody's

LONDON Britain's commercial property market remains robust in the wake of a vote to leave the European Union, although a weaker economic outlook may see some prices dip over the next two years, ratings agency Moody's said.

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Cash is king as correlations cloud asset allocation

LONDON Stocks and bonds are moving in lock-step more than at any time since the financial crisis, making life difficult for asset allocators and driving investors into the one asset guaranteed to bring zero return - cash.

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CFO payday lender agrees to compensate customers

LONDON CFO Lending will provide 34.8 million pounds in compensation to 97,000 clients after the Financial Conduct Authority discovered the British payday lender was treating them unfairly, the watchdog said on Monday.

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