UK economy grew 0.9% in second quarter, recovery pace better than first thought

The U.K. economy grew faster than estimated in the second quarter, extending a recovery that’s been more robust than previously thought. Britain’s gross domestic product (GDP) rose 0.9 percent in the three months from April to June this year, the fastest increase in nine months Read more…

Osborne to cut pensions ‘death tax’

The government is to abolish the 55% pensions death tax charge, Chancellor George Osborne will announce later today. The measure will come into force in April 2015 alongside the pension reforms outlined in the Budget. The new rules mean that if a person who dies Read more…

Lloyds Releases 11.5% stake in TSB

Lloyds Bank has sold 11.5% of its holdings at a price of 280p a share, leaving the remainder 50% to be offloaded by next year’s European regulatory deadline. Unlike the IPO in June earlier this year, the sale was made to institutional investors only. Demand Read more…

25/09/14 Market Movements

Market news The FTSE100 closed at a six week low after dropping 66.56 points to close at 6,639.71. The index was hit by investor caution amidst concerns that Britain and the United States will soon tighten monetary policy.  Mining, energy stocks and companies exposed to Read more…

Latest figures suggest fall in UK graduate unemployment

The Higher Education Careers Service Unit (Hecsu) analysed the destinations of 256,350 new graduates six months after they left university. Some 7.3% were unemployed in January 2014, down from 8.5% in January 2013 and the lowest level since 2008. Hecsu’s Charlie Ball said the figures Read more…