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British Gas

Warmer UK weather impacts on British Gas profits

Centrica, the owner of British Gas, reported on Thursday that the UK energy supplier’s residential supply operating profit declined by 26% to GBP265m in the first half of 2014, as a result of higher weather temperatures in Britain this year. […]

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HSBC Canary Wharf

FCA and PRA propose stricter banking sector regulations

Proposals to improve individual responsibility and accountability in the banking sector were announced on Wednesday by the Financial Conduct Authority (FCA), the UK's financial regulatory body. According to the

Train

Transport for London awards £660m Electra contract to Cubic

Transport For London (TfL), the local government body responsible for the day-to-day operation of the UK capital's public transport network, announced on Tuesday that a ticketing and fare

UK debt

Pricing and competitive pressures result in higher profit warnings for UK firms

Professional services firm EY revealed on Monday that although the UK economy continues to recover, fierce competition, intensified pricing pressure and adverse currency movements have resulted in the

Banks not helping small businesses

Barclays introduces new Community Banker role

British multinational banking and financial services company Barclays announced on Friday that it has launched a new customer service role at its branches, which will see

Motor Insurance

ABI calls on FCA to adopt new minimum standard of information for insurance customers

The Association of British Insurers (ABI), a trade association for the UK's insurance industry, announced on Thursday that it has written to financial industry watchdog the

London shopping centre

Competition among UK retailers results in continued price deflation

Competition among UK retailers for market share has resulted in the deepest level of shop price deflation since December 2006, according to trade association British Retail

Canary Wharf, in London's Docklands

British banks pay lower interest rates to loyal customers

British financial service industry regulator the Financial Conduct Authority (FCA) announced on Tuesday that its interim report into the effectiveness of competition in the cash savings

Bank of England

New entry requirements for UK financial institutions increase competition and benefit customers

The Bank of England, which stands at the centre of the UK's financial system, revealed on Monday that financial service industry regulators the Prudential Regulation Authority (PRA) and

BRITAIN -MG Sales Centre

SMMT reports 10.6% increase in UK car sales in the six months to June 2014

The Society of Motor Manufacturers and Traders (SMMT), which supports and promotes the interests of the UK automotive industry, announced on Friday that 1,287,265 new cars

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