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Lenders see stable mortgage demand after second-quarter pick-up – BoE

FILE PHOTO: Hot air balloons fly over Canary Wharf during the Lord Mayor’s Hot Air Balloon Regatta, in London, Britain June 9, 2019. REUTERS/Simon Dawson/File Photo LONDON (Reuters) – Lenders in Britain said demand for mortgages rose significantly in the Read more ›

‘Why not just tell them?’ Let’s be clear on rates – BoE’s Vlieghe

LONDON (Reuters) – The Bank of England should follow the lead of other central banks and say explicitly what it thinks it will do to interest rates in order to make itself more transparent, according to one of the British Read more ›

European shares break four-day losing streak on Fed Powell’s dovish remarks

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 4, 2019. REUTERS/Staff (Reuters) – European shares rose on Thursday, breaking a four-day losing streak, after U.S. Federal Reserve Chair Jerome Read more ›

UK house prices pick up a bit more speed: Halifax

FILE PHOTO – A residential street is seen in Notting Hill in central London October 8, 2013. REUTERS/Toby Melville LONDON (Reuters) – British house prices rose at the fastest annual rate since early 2017 in the three months to the Read more ›

Fearing stock market rout, investors seek shelter in dependable dividends

LONDON (Reuters) – Defensive equity strategies focused on high payouts and steady earnings have gained in popularity this year as investors flock to safety, worried the biggest stock market rally in decades is about to come crashing down. Investors have Read more ›

Illiquid assets held by Woodford’s UK fund pose hurdle to reopening

LONDON (Reuters) – Trading in Neil Woodford’s 3.7 billion pound Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquid assets it holds. Neil Woodford, founder and fund manager at Woodford Read more ›

Illiquid assets held by Woodford’s UK fund pose hurdle to reopening

LONDON (Reuters) – Trading in Neil Woodford’s 3.7 billion pound ($4.69 billion) Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquid assets it holds. Neil Woodford, founder and fund manager Read more ›

Equity funds better off sticking with blue chips – BoE

LONDON (Reuters) – Equity funds that stick to blue-chip shares cope best with calls from investors for their money back, a senior Bank of England official said on Thursday as fallout from the suspension of top UK fund Woodford continued. Read more ›

UBS loses role in bond deal for Chinese firm on outcry over pig comment

HONG KONG (Reuters) – UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist’s use of “pig” in connection with Chinese Read more ›

Bar scales back 'free shot per goal' promotion after U.S. 13-0 win

A Miami bar that offered customers “free shots” for every goal scored by the United States at the Women’s World Cup has scaled back its offer in the wake of the team’s record-breaking 13-0 thrashing of Thailand this week. Source Read more ›