Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • Help to Buy: Thousands use scheme to buy new homes

    November 21, 2013 2:16 PM 89

    Some 5,375 new homes were bought in six months in England using the initial phase of the government's flagship Help to Buy scheme, figures show. Of these, 92% were sold to first-time buyers, the Department for Communities and Local Government (DCLG) said. Help to Buy was launched in April, initially helping those buying newly-built homes with a shared

  • UK public finances improve in October as economy grows

    November 21, 2013 12:09 PM 91

    The UK's public finances improved in October, as a recovering economy and housing market boosted tax revenues. Borrowing, excluding the cost of interventions such as bank bailouts, fell to £8.08bn in October, down from £8.24bn in the same month last year, the Office for National Statistics (ONS) said. The fall came despite the £2bn of shares sold in the flotation

  • FTSE steady as solid earnings offset Fed stimulus concerns

    November 21, 2013 12:00 PM 86

    LONDON (Reuters) - Britain's top shares traded flat on Thursday as solid earnings from companies including Johnson Matthey offset concerns over the outlook for U.S. monetary policy prompted by the minutes of last month's Federal Reserve meeting. Johnson Matthey, the world's largest maker of catalysts to control car emissions, rose 2.8 percent, the top FTSE 100 riser

  • UK public finances improve again in October

    November 21, 2013 10:25 AM 105

    LONDON (Reuters) - Britain's finances showed an improvement last month as stronger economic growth and a recovering housing market boosted tax revenues, official data showed on Thursday. The deficit fell to 8.078 billion pounds, based on a widely used measure which strips out some of the effects of Britain's bank bailouts, from 8.242 billion in October

  • Cows Crash Through Cornish Weaver's Roof

    November 21, 2013 9:57 AM 101

    With an almighty crash, a cow plunges through the roof of a converted barn in Cornwall - promptly followed by a second animal. A weaver had the shock of her life when two cows crashed through the roof of her home in Cornwall. Sue Marshall was using her vacuum cleaner when she heard a crash and, on investigation, found an equally surprised cow standing

  • Regulators consider Co-op Bank enforcement action - sources

    November 21, 2013 8:24 AM 96

    LONDON (Reuters) - Financial regulators are assessing whether to take enforcement action against the Co-operative Bank to determine if it misled investors over its financial health, sources familiar with the matter said. "The Financial Conduct Authority and the Prudential Regulation Authority are currently assessing whether Co-op Bank should be referred

  • British car output rises at fastest pace this year in October

    November 21, 2013 7:46 AM 99

    LONDON (Reuters) - British car production rose last month at its fastest rate so far this year, with most of the growth destined for domestic consumption rather than export, the industry's trade body said on Thursday. Britain built 160,854 cars last month, 17 percent more than in October 2012, the biggest year-on-year increase so far this year, according

  • National Grid pre-tax profit drops 7 percent

    November 21, 2013 7:38 AM 104

    LONDON (Reuters) - UK-based energy distributor National Grid (NG.L) said on Thursday the business was performing in line with expectations under a new price controls regime in the UK, after reporting a 7 percent drop in its half-year pre-tax profit. In its financial results for the six months to September 30 it said pre-tax profit fell to 979 million

  • Tourism 'fundamental' to job growth

    November 21, 2013 1:44 AM 112

    Tourism could play a "fundamental role" in job creation and economic growth over the next decade, Visit Scotland's chairman has said. Mike Cantlay was responding to a report from consultants Deloitte which said tourism could grow 53.4% by 2025. The report said Scotland's tourism economy will be worth about £11.6bn this year, equivalent to 10.3% of Scotland's

  • Lloyds Bank chief set for 2.3 million pounds bonus after turnaround

    November 20, 2013 9:25 PM 114

    LONDON (Reuters) - Lloyds Banking Group Chief Executive Antonio Horta-Osorio will be awarded a bonus worth 2.3 million pounds after shares in the state-backed lender hit a key milestone on Wednesday. Horta-Osorio is entitled to receive 3 million shares in the bank when its share price trades above 73.6 pence - the price the government paid when it bailed