LONDON - Prime central London homes have gained about 1,200 pounds a day in value over the past year, taking their average price to 3.2 million pounds at end-November and underscoring their More »
LONDON - When Italy's welfare minister shed tears in announcing an increase in the retirement age, people might have thought she was crying for a lost generation of European youth. For opinion More »
Personal finance expert and Founder and CEO of Learnvest.com, Alexa von Tobel, shares what she has learned on the sometimes rocky road to building a small business from scratch. More »
LONDON – Tesco, the world’s third-biggest retailer, said its Tesco Bank business in the UK has delayed the launch of its current account service until next year, dealing a blow to government attempts to reduce the dominance of Britain’s big five banks.
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Tesco delays current account launch to 2013
LONDON – Investors are holding more cash than at any time since the Lehman Brothers collapse to protect themselves against volatile financial markets, presenting them with a dilemma – where to hold that money when banks are looking shaky.
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Investors worry where to put cash as banks wobble
DUBLIN – Irish consumer sentiment rebounded sharply in January from its largest fall in a decade as New Year’s sales buoyed consumers who appeared less worried about the euro zone crisis, a survey showed on Tuesday.
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Irish consumer sentiment rebounds as euro fears ease
LONDON – Credit card and other unsecured lending to British consumers posted its sharpest drop in nearly two decades in December, supporting expectations that the Bank of England will soon inject more cash into the economy to prevent a deep recession.
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Record drop in consumer credit
LONDON – British fund managers began to return to stocks in January, cutting cash, despite worries about the damage Europe’s still-unresolved debt crisis might yet inflict on markets, according to a Reuters poll.
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Nervy UK fund managers start cautious return to stocks
LONDON – A forensic review of UK energy company accounting practices has found no evidence of financial irregularities aimed at justifying steep rises in retail gas and electricity bills last year, regulator Ofgem, which commissioned the study, said.
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Energy firms’ accounting practices cleared
LONDON – The funds industry is imposing 18.5 billion pounds of hidden costs on investors every year through dealing charges that are obscured by cryptic fee structures and “convoluted language”, new research on financial consumers has found.
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UK consumers pay billions in fund dealing costs
LONDON – House prices unexpectedly fell for the second month in a row in January, due to the prospect of greater unemployment and buyers’ problems finding large enough mortgage deposits, data from lender Nationwide showed on Wednesday.
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House prices fall unexpectedly
LONDON – The Financial Services Authority has fined Royal Bank of Scotland’s Direct Line and Churchill insurance subsidiaries 2.17 million pounds for altering files it had asked to inspect.
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FSA fines RBS insurance units for files breach
LONDON – British companies handed out record dividends in 2011 and will pay 11 percent more this year, with mobile phone group Vodafone expected to deliver the most generous payout.
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UK dividends hit record high in 2011
