HSBC bank launches review on whether to keep HQ in UK

Last Updated: Friday, April 24, 2015, 14:13

Global banking giant HSBC on Friday said it had launched a review on whether to remain headquartered in Britain as the country tightens regulation of the sector.

Tesco reports £5.74 bn annual net loss

Last Updated: Wednesday, April 22, 2015, 12:00

Britain`s biggest retailer, supermarket group Tesco, announced Wednesday that it had plunged massively into the red last year as it took a hit on the value of its property.

British PM pressured over food bank rise

Last Updated: Wednesday, April 22, 2015, 06:31

Britain`s opposition centre-left Labour party on Tuesday urged Prime Minister David Cameron to promise to reduce reliance on free food bank supplies by people in economic trouble.

IMF says UK will stay in red until 2020, despite election vows

Last Updated: Thursday, April 16, 2015, 21:57

The International Monetary Fund forecast Thursday that Britain`s public deficit would remain in the red until at least 2020, contradicting promises made by the Conservative and Labour parties ahead of the May 7 general election.

New rules on global banks' interest-rate risks face delays: Sources

Last Updated: Friday, April 3, 2015, 22:08

Efforts to protect the world`s banks from interest-rate risks are bogged down, with an agreement on new rules likely to be delayed by at least several months, people involved in the discussions said.

Hinduja brothers top UK's 'Asian Rich List'

Last Updated: Friday, March 27, 2015, 19:16

NRI industrialists G P Hinduja and S P Hinduja on Friday emerged as the richest Asian-origin entrepreneurs in Britain for the third consecutive year with an estimated personal fortune of 15.5 billion pounds.

Jaguar Land Rover to invest £600 million in Britain

Last Updated: Thursday, March 26, 2015, 10:06

Indian-owned luxury car manufacturer Jaguar Land Rover announced a £600 million ($894 million, 814 million euros) investment in advanced car manufacturing in Britain on Thursday.

British inflation hits zero for first time: Data

Last Updated: Tuesday, March 24, 2015, 16:08

Britain`s annual inflation rate slowed sharply to zero in February for the first time on the back of falling prices for recreational goods, food and furniture, official data showed Tuesday.

UK unveils new measures to combat tax evasion

Last Updated: Friday, March 20, 2015, 10:47

Corporations linked to offshore tax evasion by investors in Britain will face criminal sanctions under government plans unveiled Thursday, a month after an international scandal over tax-dodging in Switzerland.

Britain seeking quick sale of RBS bank: report

Last Updated: Friday, March 6, 2015, 15:30

Britain is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George Osborne has told the Financial Times.

Britain`s Standard Chartered bank says CEO to depart

Last Updated: Thursday, February 26, 2015, 18:09

The chief executive of Asia-focused bank Standard Chartered will step down in June, the company said Thursday, following poor results, job cuts and fines for failing to detect possible money-laundering.

Britain misses key immigration target before election

Last Updated: Thursday, February 26, 2015, 17:18

Britain`s government has failed to deliver a promised cut in immigration, statistics showed Thursday, ahead of a closely-fought general election in May in which it will be a key issue.