British online fashion retailer ASOS posted a 14 percent fall in annual profit after the strength of sterling hit sales growth.» Read More
Investigators looking into alleged corrupt practices at News Corp’s UK newspapers suspect that cash payments worth more than £100,000 were made to police officers and other public officials, one person familiar with the investigation said. The FT reports.
The Bank of England raised its inflation forecast for two years time to around 1.8 percent on Wednesday, higher than most economists had expected, raising doubts about further quantitative easing.
Inflation will remain above the Bank of England's 2 percent target in the U.K. for a long time, Andrew Sentance, a former member of the monetary policy committee, told CNBC on Tuesday.
Rupert Murdoch is under pressure over his Sun tabloid after the arrests of several senior staff in a corruption probe, but whistleblowers inside his media empire may pose more of a threat than the public outrage that towards his business empire that he was forced to give up his closed its sister paper.
A June 2008 e-mail to James Murdoch discussed in frank terms the scale of phone hacking at News International, The New York Times reports.
More than a dozen traders and brokers in London and Asia have been fired, suspended or put on leave by their employers as a multinational probe into alleged manipulation of crucial global lending rates accelerates, the Financial Times reports.
Stephen Hester has revealed that the dramatic restructuring of Royal Bank of Scotland has cost 38 billion pounds ($60.5 billion) in a rallying memo to staff days after the embattled chief executive waived a 1 million pounds bonus, the Financial Times reports.
Terrorists combining a cyber attack with physical violence are the biggest security threat facing the 2012 Olympics, a digital forensics expert told CNBC.
London is home to some of the world's most opulent hotels, but with five-star rooms in short supply during the Olympic Games this summer; wealthy visitors are increasingly turning to private homes to meet their accommodation needs.
Britain's dominant services sector expanded at the fastest pace in 10 months in January and firms grew much more optimistic, a survey showed on Friday, crowning a raft of data this week that raised hopes the economy may avoid recession.
Four British men pleaded guilty on Wednesday to involvement in an al-Qaida inspired plot to bomb the London Stock Exchange.
The biggest risk brought on by the euro debt crisis is "Balkanization" – the fragmentation of economic interests according to narrow, mainly national criteria, UK Chancellor George Osborne told CNBC Friday.
As bonus season in the City of London gets underway in earnest next week the first of the UK’s major banks, Royal Bank of Scotland (RBS), announced the bonus package for its chief executive Stephen Hester on Thursday evening and immediately came in for criticism.
The British economy shrank by 0.2 percent in the final quarter of 2011, taking the annual growth figure for 2011 down to 0.8 percent, official figures published on Wednesday showed, adding to fears the economy is falling into a double - dip recession.
The governor of the Bank of England said he would be willing to implement further rounds of asset purchases – also known as quantitative easing - in an effort to rebalance the UK economy and issued a stark warning to the financial sector ahead of bonus season in the City of London.
In an age of celebrity and fame, Hollywood might seem like a great place to make money fast, but while the payoffs in major film production can be massive, so can the losses.
The United Kingdom will retain its triple-A credit rating this year thanks to the Bank of England’s policy of quantitative easing and demand for UK gilts, City-based analysts told CNBC.
British traders and executives are facing a disappointing bonus season – just as politicians are putting renewed pressure on the bonus culture and executive pay.
The United Kingdom is likely already back in recession and may see unemployment approach three million before the end of the year, economic think tank the Ernst & Young Item Club forecast on Monday.
The investigation into MF Global is intensifying as federal authorities unearth new details and confront potential obstacles in their hunt for roughly $1.2 billion in customer money that disappeared. The New York Times reports.