Marc Ostwald, strategiest at Monument Securities, discusses foreign buyers in the London housing market and says many are leveraged.» Read More
The Bank of England is not expecting a double dip recession for the global economy despite some risk signals, policy maker Andrew Sentance told CNBC.
Public sector debt in the United Kingdom climbed above 60 percent of GDP in February as government agencies borrowed another 12.4 billion pounds ($19 billion), the Office for National Statistics said Thursday.
The London Olympics lacks a clear co-ordination plan to ensure the various bodies responsible for a successful 2012 Games know what each other are doing, according to a report published on February 25 by the government’s finance watchdog.
London and New York share the top place in a ranking of financial centers around the world published Friday, followed by Hong Kong and Singapore.
A big fire in London's financial district was brought under control about seven hours after it was first reported Thursday, but 50 firefighters are still at the scene in East London, a London Fire Brigade spokesman said.
Markets generally remain way too optimistic over the economic recovery, but the UK has the potential for the biggest disappointment with the pound set to slide as low as $1.31 by year end, Hans Redeker, global head of foreign exchange at BNP Paribas, said Tuesday.
While it definitely is too early to refer to the pound as plummeting, it is not too early to start thinking about the unwanted effects of the pound's volatility.
Standard Chartered, the UK-listed, Asian-focused banking group unveiled a full-year profit of more than $5 billion and said it was to pay bonuses totaling $1.1 billion.
The pound's fall is nearly over but foreign exchange markets are still going to watch developments, since parity with the euro can not be ruled out as the country gets closer to a crucial spring election, analysts and traders told CNBC.com Tuesday.
The only way to take this economy out of crisis is to grow it so that tax receipts go up.
A hung parliament will be good for sterling because it will ultimately see the UK join the euro.
The economy remains the key to the election which is expected to be on May 6th. David Cameron has been light on the details of what he would actually do to curb borrowing and the public remains skeptical about his stance in an area that should be an own goal.
After a year and a half of corporate cost-cutting programs, which have scythed shareholder payouts, a growing number of companies are feeling confident enough to increase dividends and reinvigorate the income story.
The symptoms of poor economic outlook are all there. Mortgage lending has fallen again, net borrowing by businesses is dire, public finances are deteriorating faster than the government expected and retail sales are languishing in the doldrums.
A tough new requirement by Britain’s securities regulator that top banking executives and earners must defer 60 percent of their total compensation for a three-year period is pushing some American banks with extensive London operations to say that they just won’t take it anymore.
Some cash-strapped British pensioners are buying books from charity shops and burn them to keep warm as freezing temperatures gripped the UK, a London newspaper reported Tuesday.
There are some images you just don't want. And picturing co-workers who are dialing in for conference calls seems to be one of them, according to a recent study in the UK by the leading fixed-line carrier.
A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.
The Bank of England's injection of 175 billion pounds ($289 billion) into the economy hasn't yet pulled Britain out of recession, and the central bank now faces a difficult decision on whether to raise the stakes.
Despite recent warnings that the rally may be over, stock markets face a "meltup" as institutional investors will now feel obliged to buy to deliver returns, Philippe Gijsels, senior equity strategist at Fortis, told CNBC Monday.