BoE expected to cut interest rates down to near-zero
The Bank of England is expected to cut interest rates down to near-zero levels this week amid fears of a UK recession.
The Monetary...
IMF downgrades eurozone growth projections following Brexit vote
The euro area is recovering, but the medium-term outlook is weak, the IMF said on Friday, stressing that members need to rebuild faith in...
UK begins trade talks with India for post-Brexit deal
UK Business Secretary Sajid Javid is meeting with the Indian government to begin talks about what kind of trade deal the UK can strike...
UK corporate earnings expectations impacted by sharp drop in pound sterling
UK corporate earnings expectations are being impacted across the board by the sharp drop in the value of the pound sterling since the country voted...
Mastercard faces £19bn lawsuit for imposing “anti-competitive” charges on UK consumers
Mastercard faces a £19bn lawsuit for imposing “anti-competitive” charges on British consumers.
It is one of the first class action lawsuits in the UK since...
BoE reduces regulatory capital buffers by £5.7 billion, freeing up £150 billion for lending
The Bank of England announced that the Financial Policy Committee stands ready to take actions that will ensure “capital and liquidity buffers can be...
Business confidence in the UK has dropped significantly since Brexit vote
Business confidence in the UK has dropped significantly since the country voted to leave the European Union, according to YouGov and the Centre for...
Standard Life Investments has frozen its UK property fund
Standard Life Investments has frozen its UK property fund, citing "exceptional market circumstances" after Britain voted in favour of leaving the EU.
The £2.9bn...
UK construction industry entered contraction territory in June
The UK construction industry unexpectedly entered contraction territory last month, with the construction purchasing managers’ index falling to 46 for June from 51.2 in...
London Stock Exchange Group to vote on Deutsche Boerse takeover
London Stock Exchange Group shareholders are set to vote on the $27bn (£20bn) planned takeover by Frankfurt-based Deutsche Boerse. The terms 'takeover' and 'acquisition,'...