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The pound strengthened from a six- week low against the dollar after an industry report showed U.K. home sellers raised asking prices to a record, adding to optimism Britain’s economy is improving.
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U.K. home sellers raised asking prices for a fifth consecutive month, pushing values to a record and giving the market its best start to a year since 2004.
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Bank of England Governor Mervyn King said the debate on fiscal policy has “really got overblown” and the government’s plan to aid home buyers shouldn’t become permanent.
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Former BlackRock Inc. fund manager Mark Lyttleton was arrested April 30 as part of an insider trading probe by the U.K. Financial Conduct Authority, two people familiar with the matter said.
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British Prime Minister David Cameron rejected the suggestion that his proposal to support a bill authorizing a referendum on European Union membership reflected panic over a rebellion in his Conservative Party.
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U.K. Prime Minister David Cameron starts a visit to the U.S. overshadowed by his Tory lawmakers planning a rebellion over Britain’s membership in the European Union and a call from a Cabinet minister to exit the bloc.
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Britain’s Education Secretary Michael Gove, a key ally of Prime Minister David Cameron, became the latest Tory to urge the country to consider leaving the European Union, saying the U.K. would benefit from an exit.
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Eurasian Natural Resources Corp.’s two corporate brokers have quit as advisers to the ferroalloys producer that’s facing an investigation by the U.K. Serious Fraud Office over corruption allegations, according to three people familiar with the matter.
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Prime Minister Julia Gillard faces a A$17 billion ($17.4 billion) revenue shortfall in next week’s budget and will scrap plans to boost help for low-paid families as her Labor party trails in polls before the election.
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The U.K. Independence Party won seats from Prime Minister David Cameron’s Tories and their Liberal Democrat coalition partners in English local elections, emphasizing a drift away from mainstream political movements.
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