Boris Johnson said he expects the U.K. to retain the right for its financial firms to sell services across European Union member states. » Read More
A leading trade association for British tour operators says tourism slumped during the Olympics.
The insurance industry is seeing strong growth in Asia and the only limiting factor is product distribution, according to Prudential CEO Tidjane Thiam.
Crowdfunding, the financing of projects by multiple lenders via the internet, experienced record breaking customer numbers and lending in Britain last month helped by a series of public relations disasters for major U.K. banks.
UK soccer club Manchester United priced its U.S. IPO at $14 a share, below the expected range of $16 to $20 a share. The low pricing reflects IPO jitters in the wake of Facebook's post-IPO drop.
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The U.K. is not renowned for its smooth relationship with its European partners and, like the end of a tempestuous love affair where both partners have tried their best to accommodate the others’ demands, the relationship could finally hit the rocks with Britain leaving the EU for good, according to a report by Nomura.
Despite some warning signs from the club's balance sheet and ownership, the roadshow is scoring well in advance of the offering.
Is the Olympic effect enough to turn GDP positive for the whole year? This will depend on the feel-good effect that arises after the games are over, writes Moorad Choudhry.
Standard Chartered’s share price, which lost close to a fifth of its value in early trading Tuesday after news of U.S. regulators’ allegations that it helped Iran launder up to $250 billion broke, may not be the only victim of the accusations.
Maybe I am too swept up in the Olympic spirit, but whether we see an Olympic boom or bust, I hope we don’t worry too much about the economic impact from this event. Great Britain is surely more than the sum of its latest economic data.
After a week of unusually quiet streets, idling cabs and easily navigated shops, fears of the Gridlock Games have transformed into complaints about the Ghost Town Olympics.
Prime Central London property had looked almost immune to macroeconomic problems elsewhere in the past couple of years, as prices grew steadily. But now things appear to be changing.
For those who can afford the $1,600 fare, getting to the Olympics means a quick ride on a yacht up the Thames.
The Olympics is creating a “ghost town” effect in central London as visitors who would normally flock to the capital’s shops, hotels and theatres stay away, casting doubt on expectations of a short-term economic boost from the games.
Yet another key benchmark in the financial industry is under scrutiny. Now, it's the Municipal Market Data, or M.M.D. index, the New York Times reports.
London Mayor Boris Johnson hit back at U.S. Presidential candidate Mitt Romney on Friday, saying the city was as prepared as ever for the Olympic Games.
Unlike recent past hosts of the Olympic Games, London has nothing to prove to anyone. Yet it has paid handsomely to hold the Games – for reasons that go beyond mere prestige, the Christian Science Monitor reports.
Mitt Romney causes a stir in Britain by questioning whether the country is prepared to host the Olympics without a hitch and scheduling a fundraiser with the former head of a troubled bank.
Led by Microsoft founder Paul Allen, the super-rich have brought their supersized boats to serve as party platforms and traffic-beating transportation during the Olympics.
So what are some of the prohibited and restricted items in 2012 Olympic venues? Click ahead for some of the most interesting examples.