Financial News
Soft mortgage data point to housing market weakness
Thu, Jul 29th, 2010 09:42
LONDON (Reuters) - Mortgage approvals fell more than expected in June and lending was also weaker than forecast, Bank of England figures showed on Thursday, suggesting the housing market will continue to soften in the coming months.
Plans to scrap fixed retirement age by October 2011
Thu, Jul 29th, 2010 08:34
LONDON (Reuters) - The government announced plans to scrap the fixed retirement age next year, saying it wanted to give people the chance to work for longer although business leaders said the move would create serious problems.
New bank Metro opens for business
Thu, Jul 29th, 2010 08:27
LONDON (Reuters) - Metro Bank, Britain's first new High Street retail bank in more than 100 years, opened for business on Thursday with high hopes of breaking into a sector shaken up by the global credit crisis.
House prices fall 0.5 percent in July
Thu, Jul 29th, 2010 07:45
LONDON (Reuters) - House prices fell 0.5 percent month-on-month in July after a flat month in June, the Nationwide building society said on Thursday, as concerns about the impact of government austerity measures dampened demand.
Government pledges electric car subsidies
Wed, Jul 28th, 2010 10:11
LONDON (Reuters) - The coalition government will commit 43 million pounds over 18 months to subsidise the uptake of electric cars, the department for transport (DfT) said on Wednesday.
