City News

Lower gold price dents H&T profit

The period saw rival Albemarle & Bond collapse into administration

A fall in the price of gold and "intense" competition left Britain's biggest pawnbroker nursing a sharp slide in half-year profits today.

Payday loan site complaints double

Complaints have doubled about online payday loan "middlemen"

Complaints about "payday loan middlemen" websites that take hundreds of pounds from consumers on the promise of finding cheap credit have more than doubled in the last year, the ombudsman has said.

Surprise as inflation falls to 1.6%

The Consumer Price Index measure of inflation is expected to have edged lower to 1.8 per cent

Inflation fell to 1.6% in July as fashion stores launched summer discounts and fierce competition between supermarkets helped keep a lid on food prices for the longest stretch in a decade.

Management gender pay gap widens

A woman would have to work over 14 years more to earn the same as a male manager over a career, a report said

The gender pay gap in management is widening, with women in their 40s earning more than a third less than men, according to a new report.

Government urged to curb fare rises

Rail passengers expect to see the cost of their season tickets to increase

Chancellor George Osborne is under pressure to limit the new-year rail fare rise after commuters learnt that some season tickets could go up by as much as 5.5% in January 2015.

Bank warns on Scottish independence

The owner of Clydesdale and Yorkshire banks has said it could face extra costs in the event of a Yes vote

The owner of Clydesdale and Yorkshire Banks has become the latest business to warn of the risks it faces from Scottish independence saying a Yes vote could bring "significant additional costs".

Bovis hails 'robust' housing market

Bovis Homes has reported a record number of completions in the first six months

House builder Bovis Homes has reported a record number of completions in the first six months of the year as it took advantage of a buoyant property market.

Market rises Ukraine talks

The FTSE 100 Index rose 45.4 to 6734.5

Markets climbed today after fears of an escalation to the Ukraine crisis before the weekend eased amid talks about a possible ceasefire.

Oil forecasts 'too pessimistic'

The OBR's oil and gas forecasts have been described as 'incredibly pessimistic'

Future oil and gas forecasts by an economic watchdog have been described as "incredibly pessimistic" and could be six times lower than the actual levels, according to a report.

High streets hit as footfall down

The number of people visiting stores on the High Street dropped by 1.7% last month

Retailers suffered a fourth month in a row of declining footfall in July, with high streets the hardest hit, figures showed today.

Record drop in house asking prices

Rightmove has reported that house asking prices fell by 2.9% month-on-month to an average of £262,401 in August

House sellers' asking prices fell steeply by 2.9% month-on-month to £262,401 typically in August as the mood of the market grows calmer in London in particular, website Rightmove has reported.

London 'most costly' for car cover

The average cost of annual car insurance in London stands at £922, according to the AA index

A motorist living in London faces paying almost four times the amount that a driver in the Isle of Man would spend on their car insurance, a study has revealed.