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British banks’ new disputes service too limited, MPs say

LONDON (Reuters) – Big British banks have been criticised by lawmakers for pressing ahead with plans for a new complaints service for small firms wronged by lenders, which they argue is too soft. FILE PHOTO: The City of London from Read more ›

Nissan top exec Munoz resigns amid broadened Ghosn probe

(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North Read more ›

UK mortgage approvals show first annual rise in 14 months – UK Finance

LONDON (Reuters) – A decline in the number of mortgages approved by British high-street banks flattened out last month, with the first year-on-year rise since September 2017, figures from industry group UK Finance showed on Friday. FILE PHOTO: Property sale Read more ›

UK watchdog orders shake up of advisers to pension trustees

LONDON (Reuters) – Poor competition in the market for advice to pension fund trustees has resulted in “substantial customer detriment”, Britain’s competition watchdog said on Wednesday. FILE PHOTO: The sun sets behind the Canary Wharf financial district of London, Britain, Read more ›

Brexit worries push UK house price gauge to six-year low – RICS

LONDON (Reuters) – A measure of British house prices hit a six-year low in November as the approach of Brexit put off buyers and sellers, a survey of property valuers showed on Thursday. FILE PHOTO: A woman passes the window Read more ›

UK inflation expectations hit five-year high – BoE

LONDON, Dec 7 (Reuters) – The British public’s expectations for inflation in a year’s time have risen to a five-year high but fewer people expect an interest rate hike over the next 12 months, a Bank of England survey showed Read more ›

UK house price growth edges off five-year low – Nationwide

FILE PHOTO: A couple view properties for sale in an estate agents window in London, Britain August 22, 2016. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – British house price growth picked up slightly this month from October’s five-year low, but the Read more ›

UK short-run inflation expectations edge up to 2.7 percent – Citi/YouGov

FILE PHOTO: Shoppers are reflected in a shop window as they walk along Oxford Street on the last Saturday before Christmas, in London December 21, 2013. REUTERS/Luke MacGregor/File Photo LONDON (Reuters) – The British public’s expectations for inflation over the Read more ›

DUP says will vote against Brexit deal unless backstop removed

Democratic Unionist Party (DUP) leader Arlene Foster speaks, at the DUP annual party conference in Belfast, Northern Ireland November 24, 2018. REUTERS/Clodagh Kilcoyne DUBLIN (Reuters) – The leader of the small Northern Irish party propping up Prime Minister Theresa May’s Read more ›

Former energy executive David Crane is on a mission to save the planet

NEW YORK (Reuters) – What if one of the largest U.S. coal-burning utilities became a leader in green energy? When David W. Crane was chief executive of NRG Energy, he pursued that vision, pushing the company to transform itself by Read more ›