British retail investors pour 2 billion pounds into equity funds, highest in 15 years
LONDON - British retail investors poured more than 2 billion pounds into equity funds in July, the highest since April 2000, The Investment Association said on Thursday.
HSBC says to rebrand British retail arm 'HSBC UK'
LONDON - HSBC Holdings is to rebrand its British business as 'HSBC UK' after a months-long review of what to call the business from 2018.
Insecure 'zero-hours' jobs on the rise in Britain
LONDON - The number of Britons reporting they are employed on 'zero-hours' contracts which offer no guaranteed work or pay has risen by almost a fifth over the past year, official figures showed on Wednesday.
UK financial watchdog investigating annuity sales - report
LONDON - The Financial Conduct Authority has begun an analysis of annuity sales by all Britain's major insurers since 2008, which could lead to compensation for pensioners found to have been sold inappropriate products, the Telegraph newspaper said.
UK mortgage approvals rise in July to highest level since February 2014
LONDON - British mortgage approvals rose in July to hit their highest level since February 2014, Bank of England data showed on Tuesday, adding to signs Britain's housing market is regaining momentum.
Cameron promises tough fines for not paying minimum wage
LONDON - British Prime Minister David Cameron said on Tuesday he would introduce tough fines for company bosses who fail to pay the so called 'national living wage' which will hit 9 pounds an hour by the end of the decade.
Payments glitch at HSBC leaves thousands of Britons without wages
LONDON - Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments.
Investors still in the dark as cyber threat grows
LONDON/BOSTON - Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem.
UK investors buy more stocks, cut bond holdings - Reuters poll
LONDON - British investors put more money into stocks in August and, wary of low yields, cut their allocation to bonds to its lowest since July 2014, a Reuters poll found.
UK consumer confidence bounces back to 15-year high
LONDON - British consumer morale unexpectedly rose in August to match June's 15-year high, as low inflation and a recent pick-up in wages made Britons more upbeat about their financial prospects.
UK annual house price growth lowest since mid-2013 - Nationwide
LONDON - British house prices rose this month at the slowest annual pace in more than two years, according to mortgage lender Nationwide, although it warned the slowdown might not persist unless house-building picks up significantly.
Markets’ wild moves seen making U.S. public pension funds vulnerable
NEW YORK - Last week's wild gyrations in global financial markets almost certainly exposed the vulnerability of U.S. state and local authority public pension funds which have piled into riskier assets in recent years, according to actuaries and other pension experts.
UK bank lending to small firms improves in second quarter
LONDON - The Bank of England said net lending to small businesses by banks and building societies taking part in its Funding for Lending scheme reached 490 million pounds in the second quarter of 2015.
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