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Europe’s woes hit global demand for luxury homes
LONDON (Reuters) - Demand for the world’s priciest houses is likely to cool this year after two years of strong growth, as concerns over Europe’s debt crisis, the health of the global economy and governments price cooling measures in Asia dissuade buyers, research showed.

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Taxpayer may lose 2 billion pounds on Northern Rock rescue
LONDON (Reuters) - Taxpayers could lose up to 2 billion pounds from the government’s 2008 rescue of mortgage lender Northern Rock by the time all the assets are wound down, according to the spending watchdog.

Euro zone turmoil boosts London property stampede
LONDON (Reuters) - Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money.

Euro zone turmoil boosts London property stampede
LONDON (Reuters) - Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money.

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Euro crisis leaves door ajar for more BoE easing
LONDON (Reuters) - Bank of England Governor Mervyn King left the door open for more support for Britain’s struggling economy on Wednesday despite higher inflation in the near term as the escalating dangers from the euro zone debt crisis pose risks to a gradual recovery.

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Britons get gloomier - long, hard revival to come
LONDON (Reuters) - Britons turned gloomier last month as a slump in construction pointed to an even deeper recession and producers ramped up prices, highlighting the long and difficult road back to economic health.

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

It’s not just bankers seeking a way round bonus tax
Fund managers, stockbrokers, and even some financial advisers will be hit by the new 50 per cent levy on “bankers’” bonuses

London finance bonuses to halve again in 2012
LONDON (Reuters) - Bonuses for London’s financial workers will be almost halved this year, falling to their lowest level in over a decade and nearly 10 billion pounds below a peak in 2007, according to a study.

FSA hands banks ultimatum on service
LONDON (Reuters) - The Financial Services Authority warned banks they must start treating customers better by the summer or face repercussions from UK and European regulators.

Hedge fund charges skewed against investors - report
LONDON (Reuters) - An investor advisory group on Tuesday levelled fresh criticism at the high fees imposed by hedge funds and urged them to cut their take of gains on the assets they manage.

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia