Reuters: Personal Finance News

Britain to emerge from recession in current quarter

Tue, 10 Nov 2009 12:55:29 +0000

LONDON (Reuters) - The British economy probably bounced back to growth in the current quarter from the longest downturn on record, though the chances of a double-dip recession remain significant, according to a Reuters poll.

House price growth at three-year high

Tue, 10 Nov 2009 07:20:00 +0000

LONDON (Reuters) - House prices in England and Wales rose last month at their strongest rate in almost three years, buoyed by tight supply and record low interest rates, a survey indicated on Tuesday.

Retail sales enjoy best October in seven years

Tue, 10 Nov 2009 07:20:31 +0000

LONDON (Reuters) - Retail sales values rose last month at their fastest annual pace since April to notch up their best showing for a month of October in seven years, a survey showed on Tuesday.

Britons more optimistic about economy

Tue, 10 Nov 2009 07:13:41 +0000

LONDON (Reuters) - Britons are more optimistic about the economy than at any time for the past 18 months, according to a Populus poll for The Times on Tuesday.

Derivatives point to housing slowdown

Mon, 09 Nov 2009 14:40:39 +0000

LONDON (Reuters) - Housebuyers may still have a chance to secure a bargain home between 2010 and 2011, with annual house price growth seen at about half the 5.5 percent expected by end-2009, indicative derivatives data shows.

Consumers face higher credit card charges

Mon, 09 Nov 2009 10:39:19 +0000

LONDON (Reuters) - Consumers face higher rates and fees on credit cards as lenders battle rising bad debts, funding constraints and reduced appetite for borrowing, accountants PricewaterhouseCoopers said on Monday.

Insolvencies jump to record high

Fri, 06 Nov 2009 11:52:48 +0000

LONDON (Reuters) - A record number of people in England and Wales succumbed to bad debts in the third quarter of this year but the pace at which companies went bust slowed, official figures showed on Friday.

Trinity Mirror to end final salary pensions

Mon, 09 Nov 2009 12:29:10 +0000

LONDON (Reuters) - Newspaper publisher Trinity Mirror is planning to close its final salary pension scheme due to the increased costs of providing the scheme.

Bank to pump 25 billion pounds more into economy

Thu, 05 Nov 2009 12:35:31 +0000

LONDON (Reuters) - The Bank of England expanded its quantitative easing programme by 25 billion pounds to 200 billion pounds on Thursday, continuing its unprecedented scheme to revive Britain's recession-hit economy.

UBS fined 8 million pounds for unauthorised trades

Thu, 05 Nov 2009 14:34:39 +0000

LONDON (Reuters) - The Financial Services Authority dealt a fresh blow to UBS's credibility, fining the Swiss bank 8.0 million pounds for unauthorised trades by London-based employees.