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Updated: 7 hours 23 min ago

Banks shell out 1.9 billion pounds for mis-selling

8 hours 18 min ago

LONDON (Reuters) - Lenders paid out a record 441 million pounds in compensation for insurance mis-selling in December, taking payouts for 2011 to 1.9 billion pounds and raising the prospect of an even bigger bill this year.

Economy set for moderate recovery - Bank's Bean

14 hours 39 min ago

LONDON (Reuters) - Britain's economy looks set for a moderate recovery starting later this year as falling inflation eases the squeeze on household incomes, Bank of England deputy governor Charles Bean said on Tuesday.

Brain study finds what eases pain of financial loss

Tue, 2012-02-21 10:57

LONDON (Reuters) - Financial market traders and keen gamblers take note. Scientists have found that a chemical in the region of the brain involved in sensory and reward systems is crucial to whether people simply brush off the pain of financial losses.

Small businesses seek crowds as funding alternative

Tue, 2012-02-21 10:37

LONDON (Reuters) - Just weeks before the birth of her first child, Gem Misa could be found handing out samples of her home-developed salad dressing range in a high-end London department store, an apron around her heavily pregnant waist.

Britons' financial fears ease as inflation dips

Mon, 2012-02-20 13:17

LONDON (Reuters) - Britons are becoming less worried about their finances as inflation eases and employers look more prepared to raise wages, surveys showed on Monday, further fuelling hopes that consumers may lend the fragile economy some support this year.

Consumer morale hits 5-month high

Thu, 2012-02-16 09:04

LONDON (Reuters) - Consumer confidence rose in January to its highest level since August as people's view of the outlook six months ahead grew more upbeat, a survey by lender Nationwide showed on Thursday.

Bank leaves door for more QE ajar as recovery shaky

Wed, 2012-02-15 14:19

LONDON (Reuters) - Britain's economy faces substantial headwinds despite recent signs of recovery, Bank of England Governor Mervyn King warned on Wednesday, leaving the door to more stimulus slightly open after the bank presented new, higher inflation forecasts.

Jobs market shows signs of stabilisation

Wed, 2012-02-15 10:08

LONDON (Reuters) - The number of Britons out of work inched down in December from the 17-year high hit in November as employment rose and firms offered more jobs.

Inflation drops to lowest since November 2010

Tue, 2012-02-14 10:29

LONDON (Reuters) - Inflation dropped sharply in January as the effect of a rise in sales tax in 2011 fell away, backing Bank of England forecasts for a sharp easing of price pressure this year and providing some relief for cash-strapped consumers.

House prices fall further, but outlook improves

Tue, 2012-02-14 08:42

LONDON (Reuters) - House prices continued to fall in the three months to January, but surveyors became much less downbeat about prices for the coming months, a survey showed on Tuesday.

Lending lapse puts heat on banks, government

Mon, 2012-02-13 12:40

LONDON (Reuters) - Britain's top banks fell short of their government targets to lend to small businesses last year, official data showed on Monday, dealing a blow to the Conservative-led coalition's hopes of removing a barrier to economic recovery.

Fees and poor choices corroding UK pension pots

Thu, 2012-02-09 10:56

LONDON (Reuters) - Failure to shop around for pension and annuity deals will deprive some Britons of up to a quarter of the income they could have secured in retirement, forcing them to work longer, a report released on Thursday shows.

Pensions face 85 billion pound deficit

Wed, 2012-02-08 09:39

LONDON (Reuters) - British companies with defined benefit pension schemes are likely to face rising pressure to plug deficits that could grow by 85 billion pounds this year against a backdrop of falling bond yields and prolonged market volatility, a survey on Tuesday showed.

Permanent jobs rise for first time in four months

Wed, 2012-02-08 07:19

LONDON (Reuters) - British employers expanded their permanent workforce for the first time in four months in January, a survey of recruitment agencies said on Wednesday, adding to signs that the economy may be improving.

Retailers promise more action on warranties

Tue, 2012-02-07 09:26

LONDON (Reuters) - Britain's three biggest electricals retailers have promised the competition watchdog they will improve the transparency of the extended warranties market to avoid a full-blown investigation by regulators.

Investors worry where to put cash as banks wobble

Mon, 2012-02-06 10:24

LONDON (Reuters) - Investors are holding more cash than at any time since the Lehman Brothers collapse to protect themselves against volatile financial markets, presenting them with a dilemma - where to hold that money when banks are looking shaky.

Tesco delays current account launch to 2013

Mon, 2012-02-06 10:18

LONDON (Reuters) - Tesco, the world's third-biggest retailer, said its Tesco Bank business in the UK has delayed the launch of its current account service until next year, dealing a blow to government attempts to reduce the dominance of Britain's big five banks.

House prices up 0.6 percent month-on-month

Mon, 2012-02-06 09:16

LONDON (Reuters) - House prices rose by 0.6 percent in January, almost completely reversing the previous month's decline, data from mortgage lender Halifax showed on Monday.

Bank lending to shrink in 2012

Mon, 2012-02-06 08:29

LONDON (Reuters) - Total bank lending in Britain is set to shrink for the first time since 2009 this year, and the lack of credit from mainstream banks will help payday loan firms grow further, a survey by the Ernst & Young ITEM club said on Monday.

Hiring by smaller banks spurs finance job market

Mon, 2012-02-06 07:05

LONDON (Reuters) - Job vacancies in London's finance sector grew threefold in January compared to a dismal end to 2011, as small and medium sized banks and fund managers looked to pick up staff flooding out of investment banks in retreat, a report showed.

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