CNBC's Phil LeBeau reports on comprehensive delays due to the closure of London's airspace.» Read More
Asking prices for residential property in England and Wales showed their first year-on-year fall since September 2009, property marketing company Rightmove said on Monday.
London-based hedge fund Derwent Capital Markets, dubbed “The Twitter Fund” because it uses tweets to help it predict market activity, turned in positive returns in its first official month of trading.
U.K. finance minister George Osborne has called upon his euro zone peers to do whatever it takes to ensure stability, indicating the British government would back a so-called euro bond to avoid a disastrous break up of the euro.
David Cameron condemned the recent riots in the UK as Parliament was recalled from its summer recess on Thursday, telling MPs in the House of Commons that the violence was "not about politics or protest."
Police appear to have brought under control the rioting and looting that gripped the UK on the fifth night since violence flared up in the North London borough of Tottenham on Saturday and spread like fire across the country, but politicians and society at large are struggling to grasp the economic and social root causes of the unrest.
The Bank of England (BoE) cut its 2011 GDP growth forecast for the UK for the seventh time since the end of the recession on Wednesday as more weak economic figures suggested the economy was struggling to maintain momentum.
The insured costs of the riots that have rocked the United Kingdom for four days look set to exceed 100 million pounds ($163 million), according to early estimates from the Association of British Insurers (ABI).
London's streets were quiet Tuesday night after three nights of rioting, but police battled with looters in several other UK cities, including Manchester, Liverpool, Nottingham and Birmingham as the country's violent unrest continued for a fourth night.
Central London's police cells are full to the brim as more than 200 people were arrested on a third night of disorder in the U.K.'s capital. Some 16,000 police officers will hit the city's streets Tuesday night, as the government tries to stem the rising tide of violence.
August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.
Over the last month, many Americans watched from a distance in horror or amusement as it became evident that the News Corporation regarded Britain’s legal and political institutions as its own private club.
Prudential, the UK-based insurer and asset manager, reported a better-than-expected 25 percent rise in half-year profit to 1.06 billion pounds ($1.72 billion) Friday.
Profits and sales rose at consumer goods giant Unilever in the second quarter of 2011, despite pressure on margins from rising materials costs, the company announced Thursday.
UBS threatened to scale back its presence in London if the government followed advice from a heritage body that effectively blocked the redevelopment of its City of London headquarters, reported the FT.
Amid signs that the European debt crisis -- which already has seen Greece, Ireland and Portugal seek aid from the European Union and International Monetary Fund -- is now spreading to Italy, analysts at Goldman Sachs are predicting that while painful, debt consolidation will succeed as soaring borrowing costs force governments to act.
UK bank Northern Rock would cease to exist under proposals submitted to the government by one of the leading contenders to take the bank back into private ownership, it emerged on Thursday.
Commodities supplies may not be able to keep pace with demand in the future mining giant Anglo American wanred on Friday as it reported first half profits which smashed expectations.
The UK housing market is performing worse than expected this year, the chief executive of building materials company Travis Perkins told CNBC Friday.
James Murdoch, the under-fire chairman of BSkyB, was kept on with the unanimous support of the board, the chief financial officer of the cable television company told CNBC Friday.
London has been waiting for the Olympics since they were awarded to the UK's capital by the International Olympics Committee in 2005.