As housing prices continue to skyrocket in London, CNBC's Catherine Boyle sets out to find a property in the British capital with a budget of half a million dollars.» Read More
What is it about gold that makes people so passionate, crazy, paranoid? Our special report answers that question and more. We'll take you to mines in South Africa, gold bank vaults in London, trading pits in New York and the shop floor of a huge gold-jewelry manufacturer in Louisiana.
The car insurance market in the UK is incredibly competitive, and in 2010 it recorded the worst results ever. That competition has been made more severe because almost 60 percent of people now buy their car insurance on price comparison sites," David Stevens, the COO of UK insurer Admiral, told CNBC during a discussion about the firm's earnings.
UK households saw their finances deteriorate faster than during the height of the recession in 2009 in August, a survey showed on Monday, in a sign that the economic recovery remains fragile in the country as prices rise and incomes fall.
Traders in the City of London, one of the financial districts of the UK capital, see a market environment where trust has all but evaporated and the best course of action is often to do absolutely nothing.
The Metropolitan Police arrested another suspect as part of their investigations into phone hacking at the now closed News of the World newspaper, London's Metropolitan police said on Thursday.
"The fact that it was a nine nil vote was not a surprise¿¿. but the fact that it came before the market turbulence was and it raises the possibility of further quantitative easing (QE)," James Ashley, senior economist at RBC Capital Markets told CNBC. But he added that the economic environment was different to that of 2009 and suggested that more QE remained "unlikely."
The travails of the Murdoch family over the phone-hacking scandal at their UK newspaper empire are far from over.
Stocks are poised to open sharply lower on worries over Europe's debt crisis, with the "Squawk on the Street" team.
The UK's Financial Services Authority yesterday issued the largest ever fine to an individual for market abuse and other offenses, imposing a penalty of 2 million pounds ($3.3 million) on Dutch hedge fund manager Michiel Visser.
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.
"What people tend to forget, when they see media images of streets burning in London, is that these are a series of isolated incidents in a big city," Hugh Robertson, UK Minister for Sports & the Olympics, told CNBC.
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.
Areas of London that saw some of the worst rioting in decades over two nights were quiet overnight on Tuesday Peter Guest, staff writer at CNBC.com. ¿Hackney was like a ghost town there was a police presence but it wasn¿t particularly significant, he added, suggesting the violence had moved out of the capital to the UK¿s northern cities.
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.