Pension returns at risk as inflation change mulled
LONDON - British pensioners and investors in index-linked government bonds could face lower incomes if changes go ahead to a key measure of inflation, as proposed by the Office for National Statistics on Tuesday.
UK bankers see average bonus shrink to 12,000 pounds
LONDON - Britain's financial workers watched their bonuses fall to 12,000 pounds on average last year, down about 11 percent from a year earlier, as regulation and tough economic conditions squeezed the sector, official data showed.
Housing market has long wait to recovery - Reuters poll
LONDON - British house prices, at least those outside London, won't rise for at least another year as unemployment stays high and bank lending conditions remain restrictive, a Reuters poll forecast on Tuesday.
Inflation dip leaves room for more BoE action
LONDON - British inflation ticked down in August despite a rise in oil and fuel costs, providing the Bank of England with more leeway to inject additional cash into the fragile economy.
Private banks work wonders to lure the super-rich
LONDON - What do you get the client who has everything? An evening at a sleep school to get tips on how to beat insomnia? A chance to play cricket with former England star Andrew Flintoff? Advice on finding the right school?
Homes for sale: neighbours include Barclays and Morgan Stanley
LONDON - Canary Wharf Group is considering the construction of the first block of apartments on the east London financial estate of the same name, underlining how an area dominated by bank-branded skyscrapers is betting on a more eclectic future.
Insurers set up fraud register as bogus claims rise
LONDON - British insurers on Thursday launched a register of insurance fraudsters after calculating that bogus claims rose 5 percent last year, adding 50 pounds to the average policyholder's bill.
UK jobless numbers fall as economy creates jobs
LONDON - The number of Britons claiming unemployment benefit unexpectedly fell in August by the largest amount since June 2010 as companies created new jobs, raising hopes that a stabilising labour market will help pave the way for an economic recovery.
Banks must curb profit drive - Barclays boss
LONDON - Banks must change their focus on sales commissions and short-term profit and open up to more scrutiny to repair their battered reputations, the man charged with rebuilding trust in Barclays said on Wednesday.
Government to pick new BoE chief by year end
LONDON - The government will pick a replacement for Bank of England Governor Mervyn King by the end of the year, seeking a central bank chief whose powers will stretch from healing the economy to policing the banks.
Hammerson strengthens hand in London mall battle
LONDON - Developer Hammerson strengthened its hand in the long-running battle with Australia's Westfield by buying a 25 percent stake in a shopping centre that Westfield wants to develop into its third major London mall.
Renewables fund aims to attract pension capital
LONDON - A new 500 million euro renewables fund aims to attract capital from pension and sovereign wealth funds through a low-risk, long-term investment strategy which would give higher returns than government bonds, one of its founders said.
Small firms stymied as banks refuse to lend
LONDON - Confidence amongst small British companies fell over the summer, as weak consumer demand and a lack of credit continued to hamper firms' growth prospects, the Federation of Small Businesses (FSB) said on Monday.
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