UK

Retail sales fall in September, hit by weak clothing demand

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LONDON - British retail sales fell more than expected in September, adding to signs that the country's economic recovery is losing some of its pace.

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UKIP on course to win second parliamentary seat - poll 7:58am BST

LONDON - The UK Independence Party (UKIP), which wants Britain to pull out of the European Union, is on course to win its second parliamentary seat as voters desert Prime Minister David Cameron's Conservatives, according to the latest opinion poll.

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Whistl loses challenge to Royal Mail's tax exemption 11:52am BST

LONDON - Whistl, a firm launching a rival delivery service to Britain's dominant player Royal Mail, on Thursday lost a High Court challenge to have the former state-owned postal operator's VAT exemption removed.

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Cameron to object to EU budget plans at leaders' summit - source 12:45pm BST

LONDON - Prime Minister David Cameron plans to use a meeting of European leaders this week to lobby against European Union requests for member states to stump up more money, a British government source said.

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Bank of England's Broadbent says underlying interest rates to eventually rise 11:18am BST

LONDON - The Bank of England is only likely to raise interest rates gradually, as headwinds to growth and long-term downward pressures on borrowing costs pass, the central bank's deputy governor said on Thursday.

Old Mutual, Henderson to merge two property funds 12:16pm BST

- Money manager Old Mutual Global Investors (OMGI) said it would merge its Old Mutual Property Fund into Henderson Global Investors' Henderson UK Property OEIC, forming a 2.7 billion pound ($4.32 billion) fund.

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Fraud prosecutor seeks extra 26.5 million pounds for big cases 11:13am BST

LONDON - Britain's leading prosecutor, the Serious Fraud Office (SFO), has asked its government paymasters for an extra 26.5 million pounds to help fund complex investigations, such as alleged financial benchmark manipulation and corruption cases.

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September mortgage approvals fall to lowest level since July 2013 - BBA 9:40am BST

LONDON - Mortgage approvals in Britain fell in September to their lowest level since July last year, standing 9.9 percent lower than a year ago, industry data showed on Thursday.

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UK consumer confidence tumbles in October on job insecurity - survey 12:19am BST

LONDON - Consumer confidence in Britain took its biggest tumble in four years this month as workers in low-paid sectors worry about losing their jobs in an economic slowdown, a survey published on Thursday showed.

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Lloyds was not pushed to sell branches to Co-operative Bank - lawmakers 12:24am BST

LONDON - Lloyds Banking Group's aborted attempt to sell hundreds of branches to the Co-operative Bank was not influenced by politicians, a committee of lawmakers said on Wednesday.