CNBC's Seema Mody reports from London where the Alibaba roadshow is kicking off days before the company comes public in the U.S.» Read More
In a conference call following this morning’s earnings announcement, JPMorgan Chase Chief Financial Officer Doug Braunstein basically laughed off the idea that a London-based trader in the bank’s chief investment office was engaging in large proprietary trades that were distorting the market in credit default swaps for investment grade corporate bonds.
The London-based daily paper the Times, part of News Corp's UK-based News International, has been sued by detective Richard Horton, whom the paper had exposed as the author of an anonymous police blog by hacking into his email, Horton's lawyer told CNBC.com on Friday.
Most of London's most exclusive hotels have been booked for the Olympics, snapped up by Olympic officials or companies block-booking rooms for favored customers, but there are still amazing places to stay. If you can afford the bill.
Anyone expecting the Bank of England to make a move on interest rate or monetary easing policy this month is guaranteed to be disappointed, economists have told CNBC.com
With people panic-buying gasoline, protests against taxes on cheap hot lunches, and worse-than-expected economic data, the mood in the UK seems to be turning from the cautious optimism of early 2012.
London and New York are still the most important cities for the super-rich despite stiff competition from the emerging economies, a report into attitudes of the wealthy has revealed.
Scotland’s centuries-old struggle with the "Auld Enemy"– England–is reaching a new chapter with renewed push for full Scottish independence.
UK Chancellor of the Exchequer George Osborne announced aggressive cuts to corporation tax as he pledged to make the UK more competitive in his second full budget Wednesday.
"We think the overall drive of fiscal policy will remain pretty much unchanged today," Tom Rogers economic advisor at Ernst & Young, told CNBC. Extending stamp duty cuts for all the first-time buyers of homes and offering national insurance holidays for companies employing young people would help, Rogers said.
Chancellor of the Exchequer George Osborne is expected to strike a note of caution and keep the Treasury’s purse strings firmly closed in Wednesday’s Budget – despite the UK government’s borrowing figures coming in lower than expected.
London's Big Egg Hunt, sponsored by Faberge, may boost retail sales in the city the same way the Royal Wedding did last year.
UK businesses and Conservative politicians have been lobbying for an end to the 50 percent tax rate on income above 150,000 pounds ($235,500) a year since it was brought in two years ago.
London’s hotel sector will grow by 3.9 percent in 2012, with the London Olympics and the Queen’s diamond jubilee bolstering tourist demand, according to UK estate agency Savills.
The potential relocation of UK insurers away from Britain will turn “from a trickle into a flood,” says one analyst. Craig Scarr, Head of Insurance at accountancy firm Mazars warned that something needs to be done to stem the threat of new European capital rules, known as Solvency II.
The UK chancellor aims to launch an “Osborne bond”—a 100-year debt issue or even a perpetual gilt that never matures—to take advantage of the country’s historically low interest rates, the Financial Times reports.
CNBC's Catherine Boyle reports former News International CEO, Rebekah Brooks, was arrested again, along with her husband and six other people in connection with an alleged phone hacking scandal.
British police investigating the systematic hacking of mobile phones to generate stories at a Rupert Murdoch tabloid arrested six people - believed to include former Murdoch editor Rebekah Brooks and her husband - on Tuesday in dawn raids across the country.
The management of UK-based Prudential has made no decision on whether to relocate outside of the European Union but is watching with apprehension Brussels' plans to introduce new regulation for insurers, CEO Tidjane Thiam told CNBC.
The 50 percent tax rate paid by the UK’s highest earners has come under renewed attack by business groups as Chancellor of the Exchequer George Osborne prepares for the nation’s budget later in March.
Concerns have arisen about water supply and possible restrictions to water usage to the London region as the Olympics get underway this summer after the government declared the region was officially suffering from a drought.