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Europe News London

  • London Stock Exchange

    Four British men pleaded guilty on Wednesday to involvement in an al-Qaida inspired plot to bomb the London Stock Exchange.

  • Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The biggest risk brought on by the euro debt crisis is "Balkanization" – the fragmentation of economic interests according to narrow, mainly national criteria, UK Chancellor George Osborne told CNBC Friday.

  • The Royal Bank of Scotland Headquarters

    As bonus season in the City of London gets underway in earnest next week the first of the UK’s major banks, Royal Bank of Scotland (RBS), announced the bonus package for its chief executive Stephen Hester on Thursday evening and immediately came in for criticism.

  • Big Ben

    The British economy shrank by 0.2 percent in the final quarter of 2011, taking the annual growth figure for 2011 down to 0.8 percent, official figures published on Wednesday showed, adding to fears the economy is falling into a double - dip recession.

  • Governor of the Bank of England Mervyn King

    The governor of the Bank of England said he would be willing to implement further rounds of asset purchases – also known as quantitative easing - in an effort to rebalance the UK economy and issued a stark warning to the financial sector ahead of bonus season in the City of London.

  • Avatar movie character

    In an age of celebrity and fame, Hollywood might seem like a great place to make money fast, but while the payoffs in major film production can be massive, so can the losses.

  • global_markets_2_200.jpg

    The United Kingdom will retain its triple-A credit rating this year thanks to the Bank of England’s policy of quantitative easing and demand for UK gilts, City-based analysts told CNBC.

  • businessman_counting_money_200.jpg

    British traders and executives are facing a disappointing bonus season – just as politicians are putting renewed pressure on the bonus culture and executive pay.

  • unemployment_app_200.jpg

    The United Kingdom is likely already back in recession and may see unemployment approach three million before the end of the year, economic think tank the Ernst & Young Item Club forecast on Monday.

  • MF Global website

    The investigation into MF Global is intensifying as federal authorities unearth new details and confront potential obstacles in their hunt for roughly $1.2 billion in customer money that disappeared. The New York Times reports.

  • businessman_office_200.jpg

    Business levels are retuning to normal after four years of decline, a leading survey of financial services firms found on Monday, but there will be more job cuts in the City of London this quarter as uncertainty over the euro zone debt crisis continues.

  • London Financial District

    Concerns about the crisis in the euro zone and the effect of sweeping regulatory changes on bank lending have pushed confidence in London’s commercial property market to the lowest level in two years. The FT reports.

  • uk_flag_2_200.jpg

    UK government bonds, having seen record lows in the 10-year yields at the end of 2011, will continue to be a sought-after safe haven asset as long as the euro zone's debt crisis remains unresolved, according to bond experts.

  • euro_drowning_200.jpg

    UK chief financial officers (CFOs) see the break - up of the European single currency as the greatest threat to their businesses in 2012, a survey from the accountancy firm Deloitte showed on Tuesday.

  • lloyds_sign_200.jpg

    American shareholders are suing Britain's Lloyds Banking Group and the bank's former executives, saying they were misled over its rescue of fellow lender HBOS in the depths of the financial crisis in 2008.

  • A detailed view of the prototype design of the new golden Olympic torch during its unveiling at St Pancras Station on June 8, 2011 in London, England. 8,000 torchbearers will carry the Olympic Flame around the UK during the 70-day relay, which starts at Land's End in Cornwall on May 19, 2012.

    Ten percent of the 40,000 construction workers employed for the 2012 Olympic Games were previously out of work, according to a report by the Olympic Development Authority (ODA).

  • european-union-hourglass-200.jpg

    Banks are the key to fixing Europe's ongoing economic crisis, and they must be helped to lend while recapitalization of European financial institutions takes place early next year, analysts said on Tuesday.

  • Strand East

    IKEA is going into the business of selling walls, floors and roofs, in addition to furniture, housewares and rugs. The international home-goods retail monolith recently announced plans to build an entire neighborhood in Stratford, East London.

  • George Osborne

    George Osborne has called time on Royal Bank of Scotland’s ambitions to be a force in global investment banking, as the chancellor backed sweeping reforms to ensure taxpayers never again have to rescue the banks. The FT reports.

  • The man running near the river

    Using the allure of the Olympics to get more children to play sports is a top target of the London 2012 Olympic Games organizers, but figures from a UK government agency show the number of 16- to 19-year olds playing sports at least three times a week has fallen sharply.