LONDON - British investment managers slashed their equity holdings in August and bumped up their bets on bonds as heightened global tensions prompted a move away from risky assets, a poll showed.
LONDON - Britain's economy looks set to grow at its fastest rate since 2007 this year, but the rapid pace is unlikely to be sustained, the British Chambers of Commerce said on Wednesday after nudging up its growth forecasts for this year and next.
LONDON - British house prices are expected to rise 9 percent this year and 6 percent next, as gains in the London market push already overpriced homes in the capital even further out of reach for many buyers, a Reuters poll found.
LONDON - British banks approved fewer home loans last month than they did in June, as tighter rules on mortgages lending introduced late in April took some of the heat out of the housing market, industry data showed on Tuesday.
LONDON - British retail sales grew in July at the slowest annual rate since November last year, while the government failed to make major inroads into a looming overshoot in public borrowing, data showed on Friday.
LONDON - Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.
LONDON - Bank of England policymakers have broken ranks over interest rates for the first time in three years, with two of them unexpectedly voting to tighten policy, in a move that revives speculation about a 2014 rate hike.
LONDON - A measure of British inflation launched last year to better reflect housing costs will no longer be treated as an official national statistic while it is being improved, the statistics authority said on Thursday.
LONDON - The Bank of England will not be pushed into raising interest rates sharply because the outlook for inflation is subdued, a policymaker on the Bank's rate setting commmittee said on Thursday.
LONDON - British house prices rose during August at a much faster monthly pace than expected, according to a survey on Friday that contrasted with other signs of cooling in the housing market.
LONDON - Benchmark 10-year German government borrowing costs have never been lower, and while the prospect of them dwindling to zero and even below is highly unlikely, it is no longer inconceivable.