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UK house prices fall for first time in 17 months


LONDON - House prices in Britain fell for the first time since April 2013 this month, mortgage lender Nationwide said, adding to evidence that a surge in house prices is starting to level off.

UK consumer confidence slips on cloudier outlook 7:37am BST

LONDON - British consumer morale edged down from a recent nine-year high this month as households became slightly less upbeat about the outlook for the economy and their personal finances, a survey from researchers GfK showed on Tuesday.


Osborne targets welfare for cuts in tough message to voters 7:39am BST

BIRMINGHAM, England - Chancellor George Osborne spelled out plans for more spending cuts on Monday, betting that voters will accept his tough approach to fixing the economy and give an election victory to his Conservative Party next year.

UK housing market cools further as mortgage approvals slip 29 Sep 2014

LONDON - British mortgage approvals slipped a three-month low in August, according to official data, falling slightly more than expected and adding to signs the housing market has cooled in recent months.

UK fund assets hit record 6.2 trillion pounds in 2013 29 Sep 2014

LONDON - The UK fund management industry looked after a record 6.2 trillion pounds ($10 trillion) at the end of 2013, 50 percent more than its pre-financial crisis peak, a report by a prominent financial services lobby group said on Monday.

Cameron woos voters with discount starter homes 29 Sep 2014

LONDON - Prime minister David Cameron pledged on Saturday to build 100,000 new homes and offer them to younger first-time buyers at a 20 percent discount if his party wins the election in May.


House prices in England and Wales stagnate in September 26 Sep 2014

LONDON - Asking prices for houses in England and Wales flatlined in September for the first time in 19 months, according to a survey on Friday that showed a small fall in prices in London.


Barclays tops British banking complaints league 25 Sep 2014

LONDON - Barclays received the most complaints among Britain's banks in the first half of this year, though complaints overall in the sector fell 5 percent, the country's financial watchdog said on Thursday.

UK regulator urges EEA 'death bond' investors to lodge complaints 25 Sep 2014

LONDON - Investors who bought so-called "death bonds" from a fund called EEA Life Settlements were probably misled and should consider lodging a formal complaint, a claim or pursuing legal action, Britain's financial watchdog said on Wednesday.

New UK regulatory team to track funds to protect investors 25 Sep 2014

LONDON - Britain's financial regulator said it was changing how it supervises the investment sector as part of a wider push to stop customers being ripped off when they save for their old age.


Banks' home loan approvals fall to 12-month low

LONDON - British banks approved the smallest number of home loans in a year during August, industry data showed on Tuesday, adding to recent signs some of the heat in the housing market is fading.

UK firms with big pension schemes face share price drag

LONDON - Investors penalise companies with big pension liabilities even when the schemes are well funded, a report on Monday showed, underpinning the drive of many firms to ditch their obligations to retirees.

Bank of England's Shafik says productivity key to rates

LONDON - The Bank of England will have to move more quickly on interest rates if it sees that wage increases are not matched by productivity gains, Deputy Governor Minouche Shafik said in an interview published on Thursday.

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