UK economy forecast to suffer economic slowdown after robust second quarter
The UK economy is forecast to suffer a significant slowdown in growth after a robust second quarter following its decision to vote in favour...
British firm Melrose acquiring US ventilation products maker Nortek for $2.81 billion
UK-based Melrose Industries announced that it will acquire American home security and ventilation products maker Nortek for $2.81 billion, including debt.
Shares in the...
UK new car sales dropped 0.8 percent in June
New car sales in the UK dropped 0.8 percent in June compared to the same month last year, according to the latest figures released...
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,'...
UK corporation tax will be cut to below 15%, says George Osborne
George Osborne plans on lowering corporation tax to under 15% as part of an effort to make the UK an attractive location for new...