Marc Ostwald, strategiest at Monument Securities, discusses foreign buyers in the London housing market and says many are leveraged.» Read More
Not historically known for its cutting edge fashion, London is trying to muscle in on the Big 3 cities in the fashion world - Paris, Milan and New York - and bring more attention to its growing fashion week.
Walk down Fleet Street any weekday and you could almost be in a scene from Mary Poppins, surrounded by sharply dressed bankers in their dark suits.
More than 9,000 people working in the British public sector earn more than the prime minister’s £142,500 ($220,875) a year, according to the most extensive analysis to date of senior public sector pay.
All but one of BP’s five North Sea installations inspected in 2009 were cited for failure to comply with emergency regulations on oil spills. The Financial Times reports.
Governments that bolstered their countries’ ailing institutions impacted by the financial crisis need to step back and give the private sector a chance to innovate and rebuild, former UK Prime Minister Tony Blair told CNBC Tuesday.
The world’s biggest bank note printing company said some employees had “deliberately falsified certain paper specification test certificates for a limited number of customers”. The FT reports.
JP Morgan Chase has notified commodities traders in London that they’ll soon be out of a job, joining a slew of U.S. financial firms that are cutting proprietary-trading divisions because of recent regulatory reforms.
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession. The FT reports.
At the turn of the century, London's Millennium Dome was dismissed by many as a failure and a waste of money after it did not attract the huge numbers of visitors that the government had hoped.
The bond vigilantes currently appear to have bigger worries than the UK and growth in the second quarter was far better than forecast, giving the impression that Cameron and his team have that must valuable of commodities - luck.
A billionaire who last week launched a dare for people to stand naked in front of US President Barack Obama has just raised the stakes for the prank to $1 million from a previous $100,000.
After a year when the recovery in house prices surprised almost everyone and brought relief to Britain’s stretched banks, the return of a buyers’ market threatens to increase jitters in a fragile economy. The FT reports.
Fancy a credit-crunch keepsake or a meltdown memento? Artworks, objects and office signs from the European offices of Lehman Brothers are being auctioned to help pay creditors of the failed investment bank, Christie's auction house said Monday.
Get out of the G7 bond market excluding Canada ahead of next Tuesday's Federal Reserve meeting, Marc Ostwald, a strategist at Monument Securities, said.
The chief executives of two of the word's biggest gold producers said the fundamentals driving the price of bullion remain strong.
As the market speculates on whether the Federal Reserve will ease monetary policy at its meeting on Aug. 10, one analyst is predicting more losses for the dollar.
Speaking in front of the Treasury Select Committee in London, King said “I don't think we should see legislation in other countries as an opportunity to lower standards and get a bigger financial sector."
BP launched a plan to repair its battered image in the United States on Tuesday, ditching its gaffe-prone chief executive and promising to slim down by trebling an asset sale target to $30 billion.
When the founders of Ocado and their bankers priced its initial public offering Wednesday, they forgot that it's not the image-conscious shoppers doing the buying, but the hard-pressed investment community.
There are risks associated with imposing regulation on London banks without the rest of the world following suit, the head of the British Bankers Association Angela Knight told CNBC Tuesday.