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British consumer morale and housing market cool in July

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LONDON - British consumer morale dipped for the first time in six months in July and house prices stagnated, adding to signs that Britain's rapid economic recovery is cooling slightly.

UK watchdog says brokers fail to give customers best deals 31 Jul 2014

LONDON - Banks and brokers are failing to give the best trading deals to customers and could face enforcement action, Britain's Financial Conduct Authority (FCA) said in a review on Thursday.

Santander UK adds 1.1 million current accounts in past year 31 Jul 2014

LONDON - Santander's British arm said it added 1.1 million current account customers in the past year, which helped drive an 18 percent rise in pretax profit in the first six months of 2014.

UK rate rises to be gradual, limited - BoE's Broadbent 31 Jul 2014

SYDNEY - A top official at the Bank of England sees a case for earlier increase in interest rates but emphasised that any tightening cycle would be limited and gradual.

First BoE member to vote for interest rate hike seen in August 31 Jul 2014

LONDON - It could be as soon as next week that the first member of the Bank of England's Monetary Policy Committee votes to increase interest rates but it will be early 2015 before a majority agrees, a Reuters poll found on Wednesday.

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Energy watchdog proposes new price controls for network operators 30 Jul 2014

LONDON - Britain's energy watchdog has proposed new price controls for five electricity network operators for the next eight years, aiming to spur investment in network upgrades and help lower energy bills.

'Woodford Effect' helps to drive equity income fund sales 30 Jul 2014

LONDON - Funds which invest in companies for their dividend payouts took in a record amount of investor cash in June, partly due to the launch of a fund from British star fund manager, Neil Woodford.

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UK mortgage approvals turn around 29 Jul 2014

LONDON - British mortgage approvals rose for the first time in five months in June, suggesting lenders were getting back into their stride after the introduction of more stringent tests for borrowers earlier this year.

IMF says UK interest rates should stay low for now 29 Jul 2014

LONDON - The Bank of England won backing from the International Monetary Fund on Monday for keeping interest rates low, even as the IMF welcomed signs that Britain's surprisingly strong economic recovery is broadening.

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Britons warier about house-buying 28 Jul 2014

LONDON - Britons are feeling much less positive about buying a house while sentiment toward selling is improving, according to a survey on Monday which added to other suggestions that the housing market is losing a bit of steam.

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House price growth slows in July

LONDON - British house prices stagnated in July after strong growth last month, cooled by tougher checks on mortgage lending, a survey from lender Nationwide showed on Thursday.

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Government offers more workers choice to cash in pension savings

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.

UK mortgage approvals turn up in June despite housing curbs

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.

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