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 ›

China shares edge down as trade, growth worries drag

* Shanghai Composite index -0.2% * CSI300 down 0.06% * Trump says U.S. could impose more tariffs if needed SHANGHAI, July 17 (Reuters) – Shares in China finished lower in thin trade on Wednesday, extending the previous day’s small losses 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 ›

Malaysia’s international reserves up at $102.7 bln, as of June 28

KUALA LUMPUR, July 5 (Reuters) – Malaysia’s gross international reserves edged up to $102.7 billion, as of June 28, from $102.6 billion on June 14, the central bank said on Friday. The reserves were sufficient to finance 7.3 months of 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 ›

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 ›

Brexit delay gives some relief to UK housing market – RICS

FILE PHOTO: A Union flag hangs across a street of houses in London, Britain June 3, 2015. REUTERS/Suzanne Plunkett LONDON (Reuters) – Britain’s Brexit-battered housing market steadied in May and a measure of prices improved as the delay in the Read more ›

UPDATE 1-UK homebuilder Crest Nicholson hit by flat prices, rising costs

(Adds details on results, executive comment) June 11 (Reuters) – Crest Nicholson Holdings Plc reported a fall in pretax-profit for the first half of 2019 as Brexit nerves kept house prices flat across the south of England and building costs Read more ›

UK watchdog shakes up ‘dysfunctional’ bank overdraft market

LONDON (Reuters) – Britain’s banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise questions about the future Read more ›