City News

French Connection issues warning

Fashion chain French Connection is expected to make a big annual loss after its recovery hopes were dashed by a difficult spring trading period.

House price rises 'may spark sales'

Some 59% of people think it is a good time to sell a home, a survey found

More house sellers could be encouraged to put their properties on the market in the coming months amid strong expectations that prices will continue to push upwards, research suggests.

House price growth 'holding up'

It was the first time since 2005 that major cities outside central London had out-performed boroughs in the heart of the capital, analysts said

House prices in many of the UK's largest regional cities, including Glasgow, Manchester and Leeds are rising at a faster rate than those in central London for the first time in a decade, according to property analyst Hometrack.

Shoppers urged on supply chain pay

Shoppers are being urged to consider how much clothing workers are paid

Shoppers are being urged to challenge fashion brands over where their products are made and how much workers in the supply chain are paid.

Annuity incomes 'hit all-time low'

Savers' hopes of securing a comfortable retirement have been dealt a blow as standard annuity rates have collapsed to all-time lows just weeks after new pension freedoms have come into force, according to a financial website.

Bank fined £1.6bn for rate-rigging

A leading City bank is to pay a record £1.6 billion fine as part of a settlement with US and UK regulators over the rigging of interest rates.

Taylor Wimpey defies poll fears

Taylor Wimpey has hailed a strong start to the springtime selling season

Taylor Wimpey today said its strong start to the spring selling season had not been derailed by uncertainty surrounding the general election.

Borrowing figures boost for Osborne

Chancellor George Osborne has been boosted by figures showing that public sector borrowing fell to £87.3 billion in the year to March from £98.5 billion in 2013/14

George Osborne received a pre-election boost today as official figures showed he beat his target for reducing annual public sector borrowing for the latest financial year by nearly £3 billion.

FTSE 100 bucks downward trend

London shares continue to defy uncertainty over Greece and economic gloom from China

Global markets suffered a lacklustre session today as a raft of disappointing economic updates across the world weighed on sentiment.

Accused trader's £5m bail unpaid

A British financial trader is accused of helping to trigger a US stock market crash

A British financial trader accused of helping to trigger a multibillion-dollar US stock market crash from the home he shares with his parents remains in custody as a £5 million security has not yet been paid.

7% more switch current accounts

Halifax, Santander, Nationwide Building Society and Tesco Bank made net gains in current account customers using the switching service, figures show

Some 1.14 million current account customers have switched to another deal over the last 12 months, marking a 7% year-on-year increase, according to figures from the Payments Council.