Deutsche Bank reshuffled its management board late on Wednesday, consolidating restructuring authority under co-Chief Executive Anshu Jain.» Read More
British bank Barclays raised $8.9 billion from investors including Qatar and Japan's Sumitomo Mitsui and aims to use half the cash to rebuild capital and half to pursue growth.
Bank of England Deputy Governor John Gieve announced on Wednesday he will quit prematurely next year just as the government unveiled the biggest shake-up of the central bank's financial stability remit in more than a decade.
UK retailers J. Sainsbury and Woolworths reported sales that disappointed slightly, sparking comments that British consumers may be orienting towards discount retailers, analysts said on Wednesday.
Britain's inflation rate rose in May to its highest since the Labour government came to power in 1997 but the Bank of England played down the risk of early interest rate rises by saying the path for rates was still "uncertain."
A four-day strike over pay by hundreds of tanker drivers hit Shell fuel stations across Britain on Friday after last-ditch pay talks broke down.
Britain's financial watchdog said investors with significant short positions in companies issuing rights will have to disclose those positions, as it unveiled a review of the efficiency of the capital-raising process.
Europe's biggest independent mobile phone retailer Carphone Warehouse has seen falling broadband demand due to a slowdown in the housing market and is cautious about the year ahead, it said on Thursday.
Sentiment in Britain's housing market improved marginally in May, a survey showed on Tuesday, but prices continued to fall at close to their fastest rate in at least 30 years.
British retail sales grew at their fastest pace in four months in May as warm, sunny weather encouraged consumers to splash out on new clothes and summer food and drink, a survey showed on Tuesday.
Some may point to how RBS has stronger risk management than rivals, but the problem for many shareholders is the lack of oversight over CEO Fred Goodwin.
British consumer confidence fell further in May as people got even gloomier about the current state of the economy, a survey showed on Wednesday.
British house prices fell a record 2.5 percent in May, the Nationwide Building Society said on Thursday, raising fears the property market downturn could soon turn into a crash that would impact the whole economy.
Britain's opposition Conservative Party gained a mid-term parliamentary seat from the ruling Labour Party on Friday, a new setback to Prime Minister Gordon Brown's fading political fortunes.
British house prices will drop 7 percent this year and there is likely to be a 35 percent slump in property market transactions, according to revised forecasts from a leading mortgage body.
Erin Burnett has been travelling the globe in search of the market movers of tomorrow. So far she has been to Dubai in the United Arab Emirates and Mumbai, India. Today, she is in London. Like last week's comparison of the UAE and India, here are some stats comparing the UK and the US.
Low-cost carrier Ryanair is likely to benefit in the event of a major slowdown hitting Europe, according to the airline’s chief executive Michael O’Leary.
Britain's banks are set to swap between 80 billion and 90 billion pounds ($175 billion) of mortgage-backed assets for Treasury bills, nearly twice the base level set by the Bank of England last month, the Financial Times reported on Friday.
British bank Barclays said profits fell by an undisclosed amount in the first quarter and refused to rule out a rights issue after a 1 billion pound ($1.95 billion) writedown on assets tarnished by the credit crunch.
Compass Group, the world's biggest caterer, beat forecasts with a 29 percent rise in first-half profit on Wednesday and unveiled plans to buy back 400 million pounds ($779 million) of its shares over 18 months.
Prime Minister Gordon Brown, seeking to reverse a slump in popularity, offered help on Wednesday for Britain's troubled housing market.