UK GDP grew 0.7 percent in second quarter
The UK economy bounced back in the second quarter, driven by rebounding services activity and industrial output, according to the Office for National Statistics.
The...
UBS expected to post Q2 revenue of 1.5 billion francs
UBS is expected to announce an increase in quarterly net profit of around 25 percent (year-on-year), according to SonntagsZeitung - citing an anonymous source.
The...
UK interest rates could rise soon despite BoE vote to hold steady
All members of the Bank of England’s Monetary Policy Committee voted to keep interest rates at 0.5 percent on July 8, including Martin Weale...
UK government borrowing dropped to record low in June
UK government borrowing dropped in June to the lowest level for the month in seven years, suggesting that the recent economic recovery is helping...
Martin Wheatley standing down as head of FCA
There is now a global search for a new head of the Financial Conduct Authority (FCA) after it was announced that Martin Wheatley will...
Bank of England could increase interest rates this year
The Governor of the Bank of England indicated on Thursday night that interest rates in the UK could begin to increase by the end...
Greece votes in favour of measures to secure a bailout
The Greek Parliament has voted in favour of austerity measures necessary to secure a third bailout for the country which is on the brink of...
FTSE 100 ended higher on Wednesday, closes at 6,753.75
The FTSE 100 ended slightly higher on Wednesday after a small drop in morning trade.
Despite concerns about developments in Greece, the benchmark index gained...
EU creditors agree on Greek bailout package worth 86 billion euros
A Greek exit from the European Union has been avoided thanks to an agreement made at an emergency Eurozone summit on Tuesday.
Greece and its...
UK inflation dropped to zero in June
UK inflation dropped down to zero again in June, suggesting that the Bank of England will wait a while before raising interest rates.
According to...