The European Central Bank (ECB) needs to beware of raising interest rates too quickly as there are a significant number of “zombie firms” in Europe that have become too dependent on cheap credit, according to analysis by the Bank of America Merrill Lynch. Barnaby Martin, head of European Credit Strategy at BofA Merrill Lynch, said […]

Virgin Money’s CEO has said the challenger bank is optimistic for the future of its digital banking platform, and that a balance with physical branches and face to face customer interaction remained paramount to its model. The bank reported strong profits and a positive outlook in its first half results on Tuesday on the back […]

The FTSE 100 might be your best investment option amid growing domestic volatility in the U.K. economy, analysts at JP Morgan said. There are three reasons increasing the attractiveness of U.K. stocks: global valuations are too high, U.K. valuations are cheap and they’re affected by global growth, which looks solid at the moment. “Despite popular […]

Hopes of securing a post-Brexit U.S.-U.K. trade deal have come under threat in the first day of talks amid concerns over chlorinated chicken imports. Britain’s International Trade Secretary Liam Fox has insisted that the issue of poultry imports is “a detail of the very end stage of one sector” but British campaigners insist that a […]

The U.S. owned drugstore chain, Boots, stands accused of sexism after its top pharmacist suggested lowering the price of the morning after pill could be “incentivizing inappropriate use”. The Walgreen firm is the U.K.’s largest drugstore with more than 2,500 stores. It also said it wanted to avoid upsetting people who don’t think it should […]

The Western economic system is deeply flawed with countries such as the U.S. and Britain contributing to the lowest quality economic recovery the world has ever seen, Chris Watling, chief executive of Longview Economics, told CNBC on Friday. “The economic model is deeply flawed and the system in the west is deeply flawed, particularly in […]

Finance Minister Wolfgang Schaeuble was quoted on Friday as comparing Turkey with the former communist East German state and saying Berlin might have to tell Germans travelling there that they did so at their own peril. Foreign Minister Sigmar Gabriel told Germans on Thursday to exercise caution if travelling to Turkey and threatened steps that […]

The Bank of England’s governor has unveiled a new 10-pound note featuring Jane Austen at one of England’s grandest cathedrals, 200 years to the day since one of Britain’s most-loved novelists was laid to rest there. Speaking at Winchester Cathedral in southern England on Tuesday, Mark Carney said banknotes “serve as repositories of the country’s […]

The Greek government seems ready to tap the bond markets again as early as next week, a source close to the situation told CNBC on Tuesday, which would mark the first time since 2014 that the country has borrowed from the capital markets. Athens’ return is important to show that the reforms under the current […]

The U.K. has fallen out of favor as an emigration destination for China’s wealthy, according to a new report which pips Canada in front. The U.S. remains the preferred destination for Chinese millionaires considering a move overseas, but for the first time Britain has fallen behind Canada, the 2017 study by China’s Hurun Research and […]