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Payments glitch at HSBC leaves thousands without wages


LONDON - HSBC reported a computer glitch on Friday which it said prevented some of its British business customers from making payments, leaving thousands of workers without wages ahead of a three-day weekend.

Investors still in the dark as cyber threat grows 28 Aug 2015

LONDON/BOSTON - Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem.

UK investors buy more stocks, cut bond holdings - Reuters poll 28 Aug 2015

LONDON - British investors put more money into stocks in August and, wary of low yields, cut their allocation to bonds to its lowest since July 2014, a Reuters poll found.


UK consumer confidence bounces back to 15-year high 28 Aug 2015

LONDON - British consumer morale unexpectedly rose in August to match June's 15-year high, as low inflation and a recent pick-up in wages made Britons more upbeat about their financial prospects.

One in 65 adults in Britain is now a millionaire 28 Aug 2015

LONDON - Millionaires are on the increase in Britain, according to a study which found that one in 65 adults is now worth over seven figures, 41 percent more than five years ago.


First BoE rate hike to come in early 2016, but conviction wavering - Reuters poll 27 Aug 2015

LONDON - The Bank of England is still expected to raise its benchmark interest rate from a record low of 0.5 percent early next year but economists in the latest Reuters poll are now less certain about the timing.

Morningstar cautions on size of Standard Life's GARS fund 27 Aug 2015

LONDON - Standard Life Investments' flagship GARS fund, home to the savings of thousands of Britons, may be getting so big that its ability to outperform by picking individual stocks is being affected, a leading research firm has warned.


UK annual house price growth lowest since mid-2013 - Nationwide 27 Aug 2015

LONDON - British house prices rose this month at the slowest annual pace in more than two years, according to mortgage lender Nationwide, although it warned the slowdown might not persist unless house-building picks up significantly.

British house price rises to slow in 2016 - Reuters poll 27 Aug 2015

LONDON - British house prices will rise more slowly next year than in 2015, according to a Reuters poll of analysts that also found interest rates would have to reach 3 percent before seriously affecting the market.

UK public's inflation expectations ease back in August - Citi/YouGov 27 Aug 2015

LONDON - The British public's expectations for inflation in the next 12 months fell back this month after hitting an eight-month high during July, according to a survey published on Wednesday.


UK mortgage approvals rise to 17-month high in July

LONDON - The number of mortgage approvals in Britain rose in July to their highest level in 17 months, the British Bankers' Association said on Wednesday, the latest sign that Britain's housing sector is rebounding.


Unsure about China stimulus, investors return to safety of bonds

LONDON - Euro zone bond yields fell back on Wednesday as the market euphoria from China's rate cut ebbed and investors feared more stimulus may be needed to halt a slowdown in the world's second largest economy.

UK banking complaints grow 8 pct on packaged account concerns

LONDON - Complaints about Britain's financial firms rose eight percent in the first half of this year after a jump in new cases about packaged bank accounts, the industry's watchdog said on Tuesday.

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