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British mortgage approvals picked up from near record lows in January, the British Bankers' Association said on Monday, indicating an expected slowdown in the housing market may be less severe than some fear.
The British government announced a temporary nationalization of mortgage lender Northern Rock after deeming takeover offers insufficient to recompense taxpayers that balied out the bank.
British waste collection company Biffa said on Friday it had agreed to a takeover offer worth 1.2 billion pounds ($2.34 billion) from a consortium of private equity companies but mightyet get a higher offer.
Britain's main energy network provider National Grid gave a long-awaited update on its dividend policy on Thursday, meeting current-year expectations with a 15 percent hike and setting a long-term target of 8 percent growth.
Britain's Imperial Tobacco Group on Tuesday said earnings grew further in the last three months of 2007 along with higher cigarette volumes and share gains in many of its markets.
British bank Alliance & Leicester said on Tuesday it would take a 185 million pound ($367 million) hit from losses on complex financial instruments, more than three times its previous estimate of 55 million.
Britain's fourth largest grocer William Morrison Supermarkets on Tuesday attributed strong festive sales to increased advertising, price cuts and a wider offering of fresh foods.
British building products retailer Wolseley reported a 25 percent fall in five-month trading profit on Monday and warned that a worsening U.S. housing market is spreading to home repairs and improvement sector and across Europe, sending its shares down 3.7 percent.
U.S. private equity firm JC Flowers said on Monday it was considering making an offer for Britain's Friends Provident, boosting the shares of the stricken insurer.
Britain set a two-week deadline for a private-sector rescue of Northern Rock, as it confirmed plans to convert its almost 25 billions pounds ($49 billion) of loans to the stricken bank into bonds in a bid to smooth a deal.
British retail sales unexpectedly fell in December and at their fastest rate in a year, official data showed on Friday, in a sign that consumers reined in spending over the Christmas period.
British Prime Minister Gordon Brown arrived in a snowy Beijing on Friday on a short trip to boost trade with the world's fastest-growing major economy and to discuss human rights and democracy.
British Prime Minister Gordon Brown travels to China and India in the next few days, knowing that boosting trade with the fast-growing countries could be vital at a time when the credit crunch hits growth elsewhere.
Northern Rock's shareholders voted to re-elect the board but curtailed some of its powers Tuesday, sending the bank's shares tumbling.
Tesco, Britain's biggest retailer, reported slowing sales in its core UK market on Tuesday, missing analyst expectations and sending its shares lower, but showed strong growth internationally.
British annual consumer price inflation held at 2.1 percent as expected in December, above the Bank of England's target for the third month running, official data showed on Tuesday.
The troubled UK mortgage lender faced a steep decline after the bank fell victim to the sharp rise in borrowing costs between banks and needed a government bailout after hundreds of depositors lined up to withdraw their money.
Record label EMI, bought by private equity firm Terra Firma last year, is set to announce on Monday plans to cut as much as one third of its 6,000 staff, slash marketing costs and drop artists as part of a restructuring, the Wall Street Journal reported.
Britain's Northern Rock has sold a 2.2 billion pound ($4.3 billion) portfolio of mortgages to U.S. bank JP Morgan, a first step to help the troubled lender repay loans from the Bank of England.
Property development work in the UK shrank for a second month in December, posting its biggest fall in at least four years and 9 months as tumbling commercial property values hit builder sentiment, data showed on Friday.