June house prices drop in England and Wales, says Land Registry

House prices in England and Wales declined 2.5% in June, making it the biggest annual fall since October 2009, while London recorded an increase in property prices, according to the ...

London close: Late rally lifts stocks

Stocks finished in positive territory after a choppy day, with US economic data helping to spark a late rally. Weekly Initial jobless claims in the world's biggest economy fell below 400,000 ...

Drop in freight rates may signal US growth slowdown

Weakened freight charges and a delay in imposing peak-season surcharges may be signalling continued sluggish consumer spending in the United States and losses for shipping companies. Fees for hiring container vessels ...

US weekly unemployment claims come in below forecasts

Initial unemployment claims fell by 24,000 to 398,000 in the week ending July 23, according to the latest data released by the U.S. Labour Department. Market consensus was looking for a ...

Shoppers cut back as high prices bite, CBI says

The CBI has blamed rising food and petrol prices for slightly lower than expected sales on the high street in the second quarter. A survey the employers' organisation conducted between 28 ...

Probability of bank rate hike in 2011 dims, Reuters poll shows

The meagre growth posted by the British economy in the second quarter has thwarted the possibility of a bank rate hike this year, but has improved the chances of a ...

S&P carries out threat and lowers Greek rating

Yesterday evening rating agency Standard&Poor's (S&P) warned that it could cut Greece's sovereign debt rating, and only a small matter of time afterwards it became a reality. S&P decided to ...

BoE member does not see excessive impact from deleveraging

In a speech delivered yesterday evening, at the London School of Economics, Bank of England (BoE) monetary policy committee member David Miles does not seem to have made any remarks ...

London open: Footsie opens lower after flurry of results

After a flurry of company results this morning, the Footsie fell into the red. While investors digest the figures, in the back of their minds they are still fretting about ...

FX round-up: Dollar up despite ticking US debt clock

The dollar staged an impressive comeback against major currencies on Wednesday despite ongoing concern about the US debt ceiling deadline. The dollar rose 0.1% against traditional safe haven the Swiss ...
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