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UK consumer spending growth hits 8-month high in January

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LONDON British consumer spending grew at its fastest rate in 8 months in January, helped by a rebound in clothing and footwear sales, figures from payment card company Visa Europe showed on Monday.

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RWE npower says to reduce UK household gas prices by 5.2 percent 08 Feb 2016

LONDON RWE's British unit npower plans to reduce domestic gas prices by an average of 5.2 percent from March 28, the company said on Monday.

Segro twins homes with industry to tackle London housing squeeze 08 Feb 2016

At a disused coffee factory in west London, Britain's largest listed industrial property developer is embarking on what it hopes will become a new approach to easing the capital's housing shortage.

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Top UK forecaster says economy, not Brexit, tying BoE's hands 05 Feb 2016

LONDON Britain's impending referendum on European Union membership is casting a shadow over the economy but really it's the macro picture stopping the Bank of England from raising interest rates, the top UK forecaster in Reuters polls last year says.

Crises spoil Chinese, Russian appetite for luxury London property 05 Feb 2016

LONDON Crises at home and turmoil on world markets may have taken the shine off London's luxury property market for Chinese, Russian and Middle Eastern investors: some are even looking to sell up.

UK starting salaries rise in January at slowest pace since 2013 05 Feb 2016

LONDON British starting salaries for new permanent and temporary jobs rose last month at the slowest pace since October 2013, according to a survey on Friday which will do little to quell the Bank of England's unease about a slowdown in wage growth.

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Bank of England cuts growth outlook, rate hike a distant prospect 05 Feb 2016

LONDON The Bank of England cut its growth forecasts on Thursday and the only policymaker who had been pushing for a rate hike reversed his position, suggesting rates will stay on hold for the foreseeable future.

UK house price growth surges again in January 04 Feb 2016

LONDON British house prices rose at a much stronger pace than expected last month, fuelled by a shortage of new homes coming to the market, mortgage lender Halifax said on Thursday.

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EU watchdog considers action against "closet" tracker funds 02 Feb 2016

LONDON The European Union's securities regulator is looking at what action to take after finding that up to 15 percent of actively managed funds may be misleading investors by covertly tracking a stock index.

Scottish Power to cut domestic gas prices by 5.4 percent 02 Feb 2016

LONDON Iberdrola's Scottish Power, one of Britain's big six power companies, will reduce its domestic gas prices by an average of 5.4 percent from March 15, it said on Tuesday, after similar cuts by other energy suppliers in the past two weeks.

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UK December mortgage approvals hit four-month high

LONDON British mortgage approvals unexpectedly rose in December to their highest since August and consumer credit recorded its sharpest annual growth in nearly a decade, Bank of England data showed on Monday.

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Sheltered from biggest risks, green fuel to ride out oil crash

PARIS/BRUSSELS Green power is cheap enough to compete with fossil fuels and will buck the trend of falling investment in oil and gas as it can offer long-term returns sheltered from political risk, investors and industry analysts say.

Bank of England deputy says would consider action if lending speeds up

LONDON The Bank of England will consider steps to safeguard financial stability if household debt grows faster than the rest of the economy, the bank policymaker in charge of financial stability said on Tuesday.

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