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UK house price growth slows for first time since July - RICS

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LONDON Britain's housing market had its weakest month since just after June's Brexit vote in December as house price growth slowed and the number of homes sold fell slightly, a closely watched survey of property valuers showed on Wednesday.

Global watchdog finalises proposed rules to tackle asset management risks 13 Jan 2017

LONDON Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock and Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector.

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Despite soaring stocks, investor pessimism on UK markets runs deep 12 Jan 2017

LONDON Stocks have never been higher, the economy is far stronger than most had predicted and the apocalyptic recession forecasts have been quietly withdrawn. Yet for all that, investor pessimism about UK markets runs deep.

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BoE's Carney - curbing consumer lending would be 'big call' 12 Jan 2017

LONDON Bank of England Governor Mark Carney said it would be a "big call" for the central bank to rein in rapid growth in consumer lending, which picked up strongly last year and brought some echoes of the period before the global financial crisis.

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UK house price growth picks up speed again - Halifax 09 Jan 2017

LONDON Growth in British house prices picked up speed for the second month in a row in December, helped by a shortage of homes to buy, but price increases are likely to slow in 2017, mortgage lender Halifax said on Monday.

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FTSE 350 pension deficits widen threefold in 2016 - Mercer 05 Jan 2017

LONDON The combined defined benefit, or final salary, pension deficits of FTSE 350 companies increased threefold last year, hit by a sharp drop in corporate bond yields, consultants Mercer said on Wednesday.

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UK house prices rise in December, slowdown likely in 2017 - Nationwide 29 Dec 2016

LONDON British house prices rose faster than expected in December, but the pace of growth is likely to slow in 2017 amid uncertainty about economic developments, mortgage lender Nationwide said on Thursday.

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British banks approve fewer mortgages in November - BBA figures 28 Dec 2016

LONDON The number of mortgages approved by British banks fell slightly last month after hitting a five-month high in October, while consumer credit continued to expand strongly, industry figures showed on Wednesday.

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Poll: British funds add to stocks, see faster growth in 2017 23 Dec 2016

LONDON British investment funds picked up more equities in December on expectations that increased spending by some governments would drive an acceleration in economic growth, benefiting everything from banks to construction firms.

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Britain sets up fund to help areas hit by second-home ownership 23 Dec 2016

LONDON Britain set up a new annual 60 million pound fund on Friday to help build more homes in areas hit by high levels of second-home ownership, paid for by a levy introduced in April on the purchase of additional homes.

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British consumers borrow at fastest rate in 11 years as inflation threat rises

LONDON British consumer borrowing increased by the biggest amount in more than 11 years in November, boosting the unexpectedly robust post-Brexit vote economy in what could prove to be a big spending spree ahead of an expected rise in prices.

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UK financier makes new offer to take over Tata Steel pension scheme

LONDON British financier Edi Truell has renewed an offer to take over Tata Steel's giant UK pension scheme in a deal that he says would allow members to keep benefits in full, though pension fund trustees rejected his proposals.

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Bank borrowing by smaller UK firms falls again - Bank of England

LONDON A post-Brexit vote slump in demand for bank lending among small and medium-sized British firms continued into the last three months of 2016 and banks expect small companies will remain reluctant to borrow in early 2017, the Bank of England said.

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