Grainne Gilmore, head of UK residential research at Knight Frank, attributes the five percent rise in London house prices in 2012 to overseas Asian buyers.
A helicopter has crashed into a crane in London, not far from the site of the new US embassy. CNBC's Tom Mackenzie reports live from the scene. (1:50)
Ken Clarke has stepped up the pro-European rhetoric as the battle over Britain's future in the EU intensifies, warning that a referendum on the issue is a "gamble" and that David Cameron may be about to open the door accidentally to a British exit, the Financial Times reports.
Goldman Sachs backed down on Tuesday on its plan to delay paying U.K. bonuses in order to benefit from an imminent cut in the top personal tax rate.
There will be no chance of a financial transactions tax, a short-selling ban, or any other business-unfriendly measure being implemented here if the U.K. is not in the EU. That is a strong reason to suspect that the City would thrive outside of the EU, Professor Moorad Choudhry writes.
Rob Tincknell, CEO of Battersea Power Station Development Company, tells CNBC why there is such high demand for the development of Battersea Power Station.
Barclays and Deutsche Bank will take a knife to bonuses for investment bankers as they seek to tackle high costs, people familiar with the matter said.
The number of financial services staff sacked or suspended in Britain last year for reasons such as wrongdoing reached the highest level in five years, law firm Pinsent Masons said on Monday.
Niklas Zennstrom, co-founder of Skype, believes the next hot tech business can come from anywhere around the globe.
British industrial output grew less than expected in November, despite a strong rebound in oil and gas production, adding to evidence that the economy may have contracted in the last three months of 2012.
Car manufacturer Honda said on Friday it planned to cut around 800 jobs at its south Marston plant near Swindon in Britain by the second quarter of 2013.
Investors sifting through analysts' new year predictions for stock market movements may want to press "delete" and look instead for sound companies, as history shows equity index forecasts are usually wrong.
The Bank of England kept its powder dry on Thursday, voting as expected not to buy more government bonds.
The Obama administration on Wednesday publicly signaled its growing concern about a possible British exit from the EU, just days before David Cameron sets out plans for a referendum on the issue.
Investment banking has been the focus of much of the recent news in the financial universe, with politicians urging banks to refocus on their traditional retail operations.
Shares in Vodafone rose almost 3 percent on Tuesday after its partner in U.S. joint venture Verizon Wireless said it would be "feasible" to buy out the British group in what would be one of the biggest corporate deals ever.
Megafon’s $1.7 billion share offering raised eyebrows last year when Goldman Sachs pulled out as lead bookrunner close to launch – but the investment bank has now issued a “buy” rating on the stock.
Global regulators gave banks four more years and greater flexibility on Sunday to build up cash buffers so they can use some of their reserves to help struggling economies grow.
The slowdown in euro zone factory activity deepened in December as new orders tumbled, a business survey showed on Wednesday, suggesting the economy may have slipped further into recession in the last quarter of 2012.
Shoppers in euro zone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the last minute, or simply not buying at all as post-Christmas sales get underway.