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MPs square up to regulator over duty of care for banks

LONDON (Reuters) – A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling Read more ›

Lithuanian presidential hopefuls vow to tackle inequality

VILNIUS (Reuters) – Lithuanians started voting in a tightly contested presidential election on Sunday to replace outgoing Dalia Grybauskaite, the Baltic nation’s “Iron Lady” who was one of the European Union’s most outspoken critics of Russia. FILE PHOTO: Lithuanian presidential Read more ›

Bank of England’s Carney tells investors they are too relaxed on rates

LONDON (Reuters) – Bank of England Governor Mark Carney said on Thursday investors were underestimating how much interest rates could rise, even as the British central bank kept borrowing costs on hold due to Brexit uncertainty. Sounding more hawkish than Read more ›

Bank of England to keep rates steady, despite Brexit delay

LONDON (Reuters) – The Bank of England looks set to leave interest rates on hold on Thursday and keep its options open for later in the year when it announces its first policy decision since the postponement of Britain’s departure Read more ›

Countrywide warns on earnings as Brexit bites

April 30 (Reuters) – Countrywide Plc said uncertainty around Britain’s impending exit from the European Union had hit residential and commercial property markets, prompting the nation’s largest estate agent to warn of a shortfall in its first-half earnings. Countrywide said Read more ›

Britons feel a boost in their finances from rising wages – survey

FILE PHOTO – Office workers are seen in the London Place business district near Tower Bridge in central London February 9, 2011. REUTERS/Toby Melville/File Photo LONDON (Reuters) – British households reported the strongest growth in at least a decade in Read more ›

Britain starts search for next Bank of England governor

LONDON (Reuters) – Britain’s finance minister Philip Hammond said on Wednesday he was starting the process of finding a replacement for Mark Carney as governor of the Bank of England. FILE PHOTO: Workers emerge from Bank underground station with the Read more ›

UK property asking prices rise, Brexit delay could spur buyers – Rightmove

An estate agent board is displayed outside a property in London, Britain July 7, 2017. REUTERS/Neil Hall LONDON (Reuters) – Asking prices for British homes rose by the most in over a year in the four weeks to April 6, Read more ›

Intu Properties, Cale Street in shopping centre joint venture

April 18 (Reuters) – British shopping centre operator Intu Properties Plc on Thursday said it would form a joint venture with Cale Street for the Intu derby shopping centre. Cale Street Investments, an investment firm backed by the Kuwait Investment Read more ›

UK regulator agrees water bill price cuts with three firms

(Reuters) – Britain’s water industry regulator said on Thursday it agreed reductions in bills of between 5 percent and 15 percent with three of the country’s main utilities in its draft approvals of their pricing and investment plans for the Read more ›