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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 ›

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 ›

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 ›