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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 ›

Britons tighten belts as lending growth nears five-year low – Bank of England

FILE PHOTO: A pedestrian shelters under a Union Flag umbrella in front of the Bank of England, in London, Britain August 16, 2018. REUTERS/ Hannah McKay/File Photo LONDON, Reuters – Lending to British consumers grew in April at the weakest Read more ›

Bank of England says it is watching mortgage price war ‘like a hawk’

LONDON (Reuters) – Regulators are watching a price war in mortgages “like a hawk” and may need to impose stricter minimum capital requirements on lenders, Bank of England Deputy Governor Sam Woods said on Friday. FILE PHOTO: A man walks Read more ›

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 ›

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 ›

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 house price growth cools in early 2019, outlook subdued: Halifax

A house door is seen in London, Britain January 19, 2017. REUTERS/Stefan Wermuth LONDON (Reuters) – British house price growth cooled in the first three months of 2019 in annual terms and the outlook is likely to remain subdued, given Read more ›

UK house prices edge up, London falls again – Nationwide

LONDON (Reuters) – British house prices picked up only a little bit of speed this month as the approach of Brexit weighed on the housing market, data from mortgage lender Nationwide showed on Friday. FILE PHOTO: A row of houses Read more ›

China’s services activity quickens in March: official PMI

FILE PHOTO – A waiter prepares a table for service at Haidilao’s new artificial intelligence hotpot restaurant in Beijing, China, November 14, 2018. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – Growth in China’s services industry quickened in March, an official survey Read more ›