Reuters: Personal Finance News

Repossessions up but outlook improves

Thu, 12 Nov 2009 11:37:54 +0000

LONDON (Reuters) - The number of people losing their homes to repossession rose slightly in the third quarter but there was a drop in the number of households in arrears and courts ordered fewer homes to be seized.

FSA fines and bans former UBS banker

Fri, 13 Nov 2009 12:54:36 +0000

LONDON (Reuters) - A former UBS employee has been fined and banned for five years for his role in a trading scandal that saw regulators slap an 8 million pound penalty on the Swiss bank last week.

Asda sees most cut-throat Christmas for a decade

Thu, 12 Nov 2009 09:05:14 +0000

LONDON (Reuters) - Price competition between retailers this Christmas will be the most intense for a decade, Asda said on Thursday, as it unveiled the latest in a series of cut-price deals in the sector.

Gender pay gap narrows slightly

Fri, 13 Nov 2009 14:04:15 +0000

LONDON (Reuters) - The difference in average pay between men and women in full-time work narrowed slightly in 2009, with the greatest disparity remaining for those in skilled trades, official data showed on Thursday.

Jobless total rises much less than expected

Wed, 11 Nov 2009 10:12:04 +0000

LONDON (Reuters) - The number of people claiming jobless benefit in October rose by its smallest amount in 18 months, while the number of people in work rose for the first time in over a year, official data showed on Wednesday.

Retailers plan promotional Christmas

Wed, 11 Nov 2009 07:59:17 +0000

LONDON (Reuters) - Retailers are preparing themselves for another promotion-led Christmas trading period, according to a survey published on Wednesday.

FSA tightens rules for credit unions

Wed, 11 Nov 2009 14:05:54 +0000

LONDON (Reuters) - The Financial Services Authority plans to tighten rules for credit unions, increasing capital and liquidity requirements to offer better protection for customers and avoid failures and defaults.

Bank "open-minded" about more stimulus

Wed, 11 Nov 2009 11:52:37 +0000

LONDON (Reuters) - Inflation will be below the 2 percent target in two years, the Bank of England forecast on Wednesday, and Governor Mervyn King said the central bank was open-minded about pumping more new money into the economy.

Pre-budget report set for December 9

Wed, 11 Nov 2009 10:00:57 +0000

LONDON (Reuters) - The government will announce its pre-budget report in parliament at 12:30 p.m. on December 9, a Treasury official said on Wednesday.

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.