LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Wednesday that it was possible the central bank had already come to the end of its rate-rising cycle, although it was too soon to be sure about the future path of policy. The BoE raised interest rates to 4% last month but signalled it was...Read More

(Reuters) -Persimmon warned on Wednesday Britain’s slowing housing market would hit annual profits and home-building targets as it slashed its dividend by 75%, sending its shares sharply lower. Britain’s housing market has slowed markedly in recent months as higher mortgage rates and broader economic concerns deter buyers. Data from mortgage lender Nationwide on Wednesday showed...Read More

(Reuters) -UK’s FTSE 100 rose on Wednesday, with miners leading the gains as commodity prices surged after data showed manufacturing activity at top metals consumer China expanded at the fastest pace in over a decade. The blue-chip FTSE 100 gained 0.5%, bouncing from its biggest single-day drop in nearly four weeks in the previous session....Read More

Around 133,000 civil servants — members of the Public and Commercial Services (PCS) union — are set to strike on the day of the Budget speech on March 15, causing potential chaos in the UK. Industrial strike© PA Wire London Underground is now set to close for 24 hours amid a strike of RMT union members. Tube...Read More