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http://news.yahoo.com/europe/ Get the latest Europe news headlines from Yahoo! News. Find breaking Europe news, including analysis and opinion on top Europe stories, photos and more.en-USCopyright (c) 2013 Yahoo! Inc. All rights reservedFri, 26 Jul 2013 21:20:20 -04005http://news.yahoo.com/europe/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifBy Huw Jones LONDON (Reuters) - Unilever is looking for a new auditor, after 26 years with PwC, to comply with a new rule, prompted by questions over why accountants gave banks a clean bill of health just weeks before they were rescued by taxpayers in the 2008 financial crisis. Britain's Financial Reporting Council (FRC) said last year that companies should consider changing their auditor at least every decade in order to end cosy long-term relationships. Only a few blue-chip companies have taken any action so far. ...http://news.yahoo.com/unilever-ditch-pwc-26-years-comply-uk-auditor-012020073.htmlFri, 26 Jul 2013 21:20:20 -0400Reutersunilever-ditch-pwc-26-years-comply-uk-auditor-012020073<p><a href="http://news.yahoo.com/uk-selects-eu-ambassador-next-bank-england-deputy-132354479.html"><img src="http://l.yimg.com/bt/api/res/1.2/9PHp9G7ExfbWQFEmpdxrjQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T132354Z_1_CBRE96P118000_RTROPTP_2_BANKS-BOE.JPG" width="130" height="86" alt="The Bank of England building is seen in central London" align="left" title="The Bank of England building is seen in central London" border="0" /></a>By David Milliken LONDON (Reuters) - Britain unexpectedly named its ambassador to the EU as the Bank of England&#039;s next deputy governor for financial stability on Friday, moving to protect its financial sector on the international stage. Jon Cunliffe, 60, is a career civil servant who led British negotiators at G8 and G20 meetings during the financial crisis, and since January 2012 he has been Britain&#039;s top representative in Brussels. He will start at the BoE on November 1. ...</p><br clear="all"/>http://news.yahoo.com/uk-selects-eu-ambassador-next-bank-england-deputy-132354479.htmlFri, 26 Jul 2013 13:06:20 -0400Reutersuk-selects-eu-ambassador-next-bank-england-deputy-132354479<p><a href="http://news.yahoo.com/uk-selects-eu-ambassador-next-bank-england-deputy-132354479.html"><img src="http://l.yimg.com/bt/api/res/1.2/9PHp9G7ExfbWQFEmpdxrjQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T132354Z_1_CBRE96P118000_RTROPTP_2_BANKS-BOE.JPG" width="130" height="86" alt="The Bank of England building is seen in central London" align="left" title="The Bank of England building is seen in central London" border="0" /></a>By David Milliken LONDON (Reuters) - Britain unexpectedly named its ambassador to the EU as the Bank of England&#039;s next deputy governor for financial stability on Friday, moving to protect its financial sector on the international stage. Jon Cunliffe, 60, is a career civil servant who led British negotiators at G8 and G20 meetings during the financial crisis, and since January 2012 he has been Britain&#039;s top representative in Brussels. He will start at the BoE on November 1. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/church-england-admits-investing-backer-payday-lender-054532623.html"><img src="http://l3.yimg.com/bt/api/res/1.2/G_atawv7bJg31mYSYiroWw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T163003Z_3_CBRE96O0U8600_RTROPTP_2_BRITAIN-RELIGION-ANGLICANS.JPG" width="130" height="86" alt="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" align="left" title="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" border="0" /></a>By Adam Jourdan LONDON (Reuters) - The head of the Church of England said on Friday he was embarrassed to find out that his organisation had invested indirectly in a short-term loan company which he had vowed only days earlier to drive out of business. The discovery of the relatively small investment was a major setback for Archbishop of Canterbury Justin Welby, after he launched a scathing attack on &quot;payday&quot; lenders who charge high interest rates on short-term loans that are typically repaid when borrowers receive their wages. ...</p><br clear="all"/>http://news.yahoo.com/church-england-admits-investing-backer-payday-lender-054532623.htmlFri, 26 Jul 2013 12:30:03 -0400Reuterschurch-england-admits-investing-backer-payday-lender-054532623<p><a href="http://news.yahoo.com/church-england-admits-investing-backer-payday-lender-054532623.html"><img src="http://l3.yimg.com/bt/api/res/1.2/G_atawv7bJg31mYSYiroWw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T163003Z_3_CBRE96O0U8600_RTROPTP_2_BRITAIN-RELIGION-ANGLICANS.JPG" width="130" height="86" alt="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" align="left" title="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" border="0" /></a>By Adam Jourdan LONDON (Reuters) - The head of the Church of England said on Friday he was embarrassed to find out that his organisation had invested indirectly in a short-term loan company which he had vowed only days earlier to drive out of business. The discovery of the relatively small investment was a major setback for Archbishop of Canterbury Justin Welby, after he launched a scathing attack on &quot;payday&quot; lenders who charge high interest rates on short-term loans that are typically repaid when borrowers receive their wages. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/ultra-low-yields-suggest-london-property-crash-around-155354589.html"><img src="http://l3.yimg.com/bt/api/res/1.2/QqAmL2PI5RB1ccttcrdRMw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T155614Z_1_CBRE96P189S00_RTROPTP_2_PROPERTY-RETAIL.JPG" width="130" height="86" alt="Border between Old Bond Street and New Bond Street is seen in London" align="left" title="Border between Old Bond Street and New Bond Street is seen in London" border="0" /></a>By Tom Bill LONDON (Reuters) - Voracious investor demand for the best London real estate is approaching record levels that could trigger a price crash in popular areas such as upmarket Bond Street, property experts said this week. The luxury shopping strip that is home to Prada, Louis Vuitton and Cartier has ultra-low yields that mark it out as the most in-demand stretch of real estate in Europe. The price of commercial property is dictated by the yield, which is the annual rent expressed as a percentage of a property&#039;s value. ...</p><br clear="all"/>http://news.yahoo.com/ultra-low-yields-suggest-london-property-crash-around-155354589.htmlFri, 26 Jul 2013 11:56:14 -0400Reutersultra-low-yields-suggest-london-property-crash-around-155354589<p><a href="http://news.yahoo.com/ultra-low-yields-suggest-london-property-crash-around-155354589.html"><img src="http://l3.yimg.com/bt/api/res/1.2/QqAmL2PI5RB1ccttcrdRMw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T155614Z_1_CBRE96P189S00_RTROPTP_2_PROPERTY-RETAIL.JPG" width="130" height="86" alt="Border between Old Bond Street and New Bond Street is seen in London" align="left" title="Border between Old Bond Street and New Bond Street is seen in London" border="0" /></a>By Tom Bill LONDON (Reuters) - Voracious investor demand for the best London real estate is approaching record levels that could trigger a price crash in popular areas such as upmarket Bond Street, property experts said this week. The luxury shopping strip that is home to Prada, Louis Vuitton and Cartier has ultra-low yields that mark it out as the most in-demand stretch of real estate in Europe. The price of commercial property is dictated by the yield, which is the annual rent expressed as a percentage of a property&#039;s value. ...</p><br clear="all"/>LONDON (Reuters) - John Lewis Partnership Britain's biggest department store group, on Friday appointed Waitrose managing director Mark Price as its new deputy chairman. Price will continue as managing director of the upmarket grocer, which is part of the employee-owned John Lewis Partnership, and one of Britain's fastest growing grocers, the company said. John Lewis has traditionally been seen as a bellwether retailer and has outperformed the wider market for about three years. ...http://news.yahoo.com/john-lewis-partnership-names-waitroses-price-deputy-chair-111435061.htmlFri, 26 Jul 2013 07:14:35 -0400Reutersjohn-lewis-partnership-names-waitroses-price-deputy-chair-111435061LONDON (Reuters) - Britain's Office for National Statistics said on Friday that it had miscalculated changes in business investment in the first three months of this year, leading to the annual decline being overstated by a factor of three. Business investment in the first three months of 2013 was 5.5 percent lower than a year earlier, not 16.5 percent lower as reported on June 27, making the fall the sharpest since Q1 2011 rather than since Q3 2009. The ONS also corrected the fall on the quarter to 1.2 percent, again lower than the 1.9 percent as earlier reported. ...http://news.yahoo.com/uk-statistics-office-corrects-first-quarter-business-investment-105915827.htmlFri, 26 Jul 2013 06:59:15 -0400Reutersuk-statistics-office-corrects-first-quarter-business-investment-105915827<p><a href="http://news.yahoo.com/bskyb-upgrade-set-top-boxes-content-fend-off-105358636.html"><img src="http://l2.yimg.com/bt/api/res/1.2/aFErDuB_mI7GNOxYx3QujQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T121610Z_1_CBRE96P0Y2Z00_RTROPTP_2_BREAKINGVIEWS-BSKYB.JPG" width="130" height="86" alt="Satellite dishes are seen on the side of a block of flats in south London" align="left" title="Satellite dishes are seen on the side of a block of flats in south London" border="0" /></a>By Kate Holton LONDON (Reuters) - BSkyB plans to provide more and cheaper ways to access its premium content and Internet services to counter cash-rich rival BT&#039;s offer of free Premier League football to broadband customers. The group, which has dominated pay-TV in Britain since Rupert Murdoch launched it in 1989 and reaches 10 million homes, said it would invest about 70 million pounds in the next financial year to improve on-demand programming and connectivity. ...</p><br clear="all"/>http://news.yahoo.com/bskyb-upgrade-set-top-boxes-content-fend-off-105358636.htmlFri, 26 Jul 2013 06:53:58 -0400Reutersbskyb-upgrade-set-top-boxes-content-fend-off-105358636<p><a href="http://news.yahoo.com/bskyb-upgrade-set-top-boxes-content-fend-off-105358636.html"><img src="http://l2.yimg.com/bt/api/res/1.2/aFErDuB_mI7GNOxYx3QujQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T121610Z_1_CBRE96P0Y2Z00_RTROPTP_2_BREAKINGVIEWS-BSKYB.JPG" width="130" height="86" alt="Satellite dishes are seen on the side of a block of flats in south London" align="left" title="Satellite dishes are seen on the side of a block of flats in south London" border="0" /></a>By Kate Holton LONDON (Reuters) - BSkyB plans to provide more and cheaper ways to access its premium content and Internet services to counter cash-rich rival BT&#039;s offer of free Premier League football to broadband customers. The group, which has dominated pay-TV in Britain since Rupert Murdoch launched it in 1989 and reaches 10 million homes, said it would invest about 70 million pounds in the next financial year to improve on-demand programming and connectivity. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/church-england-seeks-put-end-payday-lenders-105250197.html"><img src="http://l3.yimg.com/bt/api/res/1.2/2HgUJWZd_kR1xvL4bK6arg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T223353Z_1_CBRE96O0U8600_RTROPTP_2_BRITAIN-RELIGION-ANGLICANS.JPG" width="130" height="86" alt="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" align="left" title="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" border="0" /></a>LONDON (Reuters) - The Church of England confirmed on Thursday that its pension fund invests in Accel Partners, the U.S.-based venture capital firm that led fundraising in 2009 for Wonga, a payday lender. The Financial Times newspaper reported the investment a day after Archbishop of Canterbury Justin Welby said that the church would seek to drive payday lenders, such as Wonga, out of business by launching its own credit unions. Payday lenders have been criticized for trapping borrowers in a cycle of debt. ...</p><br clear="all"/>http://news.yahoo.com/church-england-seeks-put-end-payday-lenders-105250197.htmlThu, 25 Jul 2013 18:33:53 -0400Reuterschurch-england-seeks-put-end-payday-lenders-105250197<p><a href="http://news.yahoo.com/church-england-seeks-put-end-payday-lenders-105250197.html"><img src="http://l3.yimg.com/bt/api/res/1.2/2HgUJWZd_kR1xvL4bK6arg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T223353Z_1_CBRE96O0U8600_RTROPTP_2_BRITAIN-RELIGION-ANGLICANS.JPG" width="130" height="86" alt="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" align="left" title="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" border="0" /></a>LONDON (Reuters) - The Church of England confirmed on Thursday that its pension fund invests in Accel Partners, the U.S.-based venture capital firm that led fundraising in 2009 for Wonga, a payday lender. The Financial Times newspaper reported the investment a day after Archbishop of Canterbury Justin Welby said that the church would seek to drive payday lenders, such as Wonga, out of business by launching its own credit unions. Payday lenders have been criticized for trapping borrowers in a cycle of debt. ...</p><br clear="all"/>LONDON (Reuters) - Essar plans to do its major turnaround and partial refurbishment at the 296,000 barrel per day Stanlow refinery in BrirIN from around mid-September to mid-October, traders said. Essar announced the plan earlier this year but had not specified the timing. A catalytic cracker will be refurbished during this period at a cost of around $35 million. A spokesman for the company declined to comment on the timing of the turnaround. (Reporting by Julia Payne; editing by Jane Baird)http://news.yahoo.com/uks-stanlow-refinery-major-turnaround-mid-september-172757805.htmlThu, 25 Jul 2013 13:27:57 -0400Reutersuks-stanlow-refinery-major-turnaround-mid-september-172757805<p><a href="http://news.yahoo.com/uk-economy-seen-doubling-pace-growth-second-quarter-012409635.html"><img src="http://l.yimg.com/bt/api/res/1.2/7sm6CybUBUswno45rN4AeA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T170638Z_3_CBRE96O03WH00_RTROPTP_2_BRITAIN-GDP.JPG" width="130" height="86" alt="Construction workers erect scaffolding in the financial district of the City of London" align="left" title="Construction workers erect scaffolding in the financial district of the City of London" border="0" /></a>By William Schomberg and James Davey LONDON (Reuters) - Britain&#039;s recovery from financial crisis sped up and spread through the economy in the second quarter, giving a boost to the government and to a swathe of companies which increased sales and profits. The pace of quarterly economic growth doubled to 0.6 percent between April and June, a contrast with worries just a few months ago about a return to recession. ...</p><br clear="all"/>http://news.yahoo.com/uk-economy-seen-doubling-pace-growth-second-quarter-012409635.htmlThu, 25 Jul 2013 13:06:38 -0400Reutersuk-economy-seen-doubling-pace-growth-second-quarter-012409635<p><a href="http://news.yahoo.com/uk-economy-seen-doubling-pace-growth-second-quarter-012409635.html"><img src="http://l.yimg.com/bt/api/res/1.2/7sm6CybUBUswno45rN4AeA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T170638Z_3_CBRE96O03WH00_RTROPTP_2_BRITAIN-GDP.JPG" width="130" height="86" alt="Construction workers erect scaffolding in the financial district of the City of London" align="left" title="Construction workers erect scaffolding in the financial district of the City of London" border="0" /></a>By William Schomberg and James Davey LONDON (Reuters) - Britain&#039;s recovery from financial crisis sped up and spread through the economy in the second quarter, giving a boost to the government and to a swathe of companies which increased sales and profits. The pace of quarterly economic growth doubled to 0.6 percent between April and June, a contrast with worries just a few months ago about a return to recession. ...</p><br clear="all"/>LONDON (Reuters) - Efforts by the insurance industry to crack down on fraud have pushed the level of fraudulent claims uncovered in Britain over 1 billion pounds per year for the first time, new figures show. According to industry body the Association of British Insurers (ABI), investigators exposed more than 124,000 bogus or exaggerated claims in 2012, worth 1.1 billion pounds, or 21 million pounds every week. Home insurance frauds were the most common scam, with 51,000 cases uncovered, while motor insurance was the most costly, amounting to 614 million pounds of fraudulent claims uncovered. ...http://news.yahoo.com/crackdown-insurance-fraud-exposes-1-billion-pounds-bogus-151511215.htmlThu, 25 Jul 2013 11:15:11 -0400Reuterscrackdown-insurance-fraud-exposes-1-billion-pounds-bogus-151511215<p><a href="http://news.yahoo.com/william-kate-name-royal-heir-george-150216977.html"><img src="http://l.yimg.com/bt/api/res/1.2/qtAPXDbZknscDN7NXW1Pog--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T150216Z_4_CBRE96N0ISM00_RTROPTP_2_BRITAIN-ROYAL.JPG" width="130" height="86" alt="Catherine, Duchess of Cambridge holds her baby son while appearing with her husband, Britain&#039;s Prince William, outside the Lindo Wing of St Mary&#039;s Hospital in central London" align="left" title="Catherine, Duchess of Cambridge holds her baby son while appearing with her husband, Britain&#039;s Prince William, outside the Lindo Wing of St Mary&#039;s Hospital in central London" border="0" /></a>By Costas Pitas LONDON (Reuters) - Prince William and his wife Kate have chosen three traditional royal names by calling their new-born baby boy George Alexander Louis, William&#039;s office said on Wednesday. The baby, born on Monday to global media frenzy and third in line to the British throne, will be known as His Royal Highness Prince George of Cambridge, Kensington Palace said in a statement. ...</p><br clear="all"/>http://news.yahoo.com/william-kate-name-royal-heir-george-150216977.htmlThu, 25 Jul 2013 11:02:16 -0400Reuterswilliam-kate-name-royal-heir-george-150216977<p><a href="http://news.yahoo.com/william-kate-name-royal-heir-george-150216977.html"><img src="http://l.yimg.com/bt/api/res/1.2/qtAPXDbZknscDN7NXW1Pog--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T150216Z_4_CBRE96N0ISM00_RTROPTP_2_BRITAIN-ROYAL.JPG" width="130" height="86" alt="Catherine, Duchess of Cambridge holds her baby son while appearing with her husband, Britain&#039;s Prince William, outside the Lindo Wing of St Mary&#039;s Hospital in central London" align="left" title="Catherine, Duchess of Cambridge holds her baby son while appearing with her husband, Britain&#039;s Prince William, outside the Lindo Wing of St Mary&#039;s Hospital in central London" border="0" /></a>By Costas Pitas LONDON (Reuters) - Prince William and his wife Kate have chosen three traditional royal names by calling their new-born baby boy George Alexander Louis, William&#039;s office said on Wednesday. The baby, born on Monday to global media frenzy and third in line to the British throne, will be known as His Royal Highness Prince George of Cambridge, Kensington Palace said in a statement. ...</p><br clear="all"/>By Mark Anderson LONDON (Reuters) - London's West End lost nearly 200 million euros (172.50 million pounds) in retail revenue last year due to tough visa requirements keeping Chinese tourists away, a report by tax-free shopping facilitator Global Blue said on Wednesday. Harrods' managing director Michael Ward said in the report that Chinese tourists were the luxury department store's most important customers, and that Britain's current visa arrangement was "narrow-minded". ...http://news.yahoo.com/tourist-visa-hurdles-cost-uk-millions-report-132704358.htmlThu, 25 Jul 2013 09:27:04 -0400Reuterstourist-visa-hurdles-cost-uk-millions-report-132704358<p><a href="http://news.yahoo.com/economic-recovery-slow-root-uk-112118130.html"><img src="http://l1.yimg.com/bt/api/res/1.2/phuHRtT6bBV3UdPdIYvupA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T112417Z_1_CBRE96O0VOK00_RTROPTP_2_BRITAIN-ECONOMY-RECOVERY.JPG" width="130" height="86" alt="A woman has a manicure at Total Look on the High Street in Hucknall" align="left" title="A woman has a manicure at Total Look on the High Street in Hucknall" border="0" /></a>By William Schomberg and Max De Haldevang HUCKNALL, England (Reuters) - Britain&#039;s fledgling economic recovery is reaching at least some people in this former mining town in the country&#039;s Midlands. Three builders, enjoying a lunchtime round of beers, said they have a hefty backlog for the first time since the financial crisis plunged Britain into a deep recession five years ago. They are not alone. The builders offered some work to a long-unemployed joiner but, to their surprise, he was booked for the next three weeks. ...</p><br clear="all"/>http://news.yahoo.com/economic-recovery-slow-root-uk-112118130.htmlThu, 25 Jul 2013 07:21:18 -0400Reuterseconomic-recovery-slow-root-uk-112118130<p><a href="http://news.yahoo.com/economic-recovery-slow-root-uk-112118130.html"><img src="http://l1.yimg.com/bt/api/res/1.2/phuHRtT6bBV3UdPdIYvupA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T112417Z_1_CBRE96O0VOK00_RTROPTP_2_BRITAIN-ECONOMY-RECOVERY.JPG" width="130" height="86" alt="A woman has a manicure at Total Look on the High Street in Hucknall" align="left" title="A woman has a manicure at Total Look on the High Street in Hucknall" border="0" /></a>By William Schomberg and Max De Haldevang HUCKNALL, England (Reuters) - Britain&#039;s fledgling economic recovery is reaching at least some people in this former mining town in the country&#039;s Midlands. Three builders, enjoying a lunchtime round of beers, said they have a hefty backlog for the first time since the financial crisis plunged Britain into a deep recession five years ago. They are not alone. The builders offered some work to a long-unemployed joiner but, to their surprise, he was booked for the next three weeks. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/church-england-seeks-put-end-payday-lenders-105154688.html"><img src="http://l3.yimg.com/bt/api/res/1.2/b3ECIWvoOgt6NkYIXfeJdQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T105154Z_1_CBRE96O0U6O00_RTROPTP_2_BRITAIN-RELIGION-ANGLICANS.JPG" width="130" height="86" alt="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" align="left" title="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" border="0" /></a>LONDON (Reuters) - The Church of England will seek to drive Britain&#039;s controversial payday lenders out of business by launching its own credit unions, Archbishop of Canterbury Justin Welby said in an interview published late on Wednesday. Welby, who has led the church since March, is among leading critics of firms like short-term lender Wonga and Provident Financial, which typically provide hard-up families with loans of up to 1000 pounds to be repaid when they receive weekly or monthly wages. ...</p><br clear="all"/>http://news.yahoo.com/church-england-seeks-put-end-payday-lenders-105154688.htmlThu, 25 Jul 2013 06:51:54 -0400Reuterschurch-england-seeks-put-end-payday-lenders-105154688<p><a href="http://news.yahoo.com/church-england-seeks-put-end-payday-lenders-105154688.html"><img src="http://l3.yimg.com/bt/api/res/1.2/b3ECIWvoOgt6NkYIXfeJdQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-25T105154Z_1_CBRE96O0U6O00_RTROPTP_2_BRITAIN-RELIGION-ANGLICANS.JPG" width="130" height="86" alt="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" align="left" title="The new Archbishop of Canterbury Justin Welby leaves after his enthronement ceremony at Canterbury Cathedral, in Canterbury, southern England" border="0" /></a>LONDON (Reuters) - The Church of England will seek to drive Britain&#039;s controversial payday lenders out of business by launching its own credit unions, Archbishop of Canterbury Justin Welby said in an interview published late on Wednesday. Welby, who has led the church since March, is among leading critics of firms like short-term lender Wonga and Provident Financial, which typically provide hard-up families with loans of up to 1000 pounds to be repaid when they receive weekly or monthly wages. ...</p><br clear="all"/>By Sarah Mortimer LONDON (Reuters) - Pension scheme members cannot jump ahead of other creditors when a company or bank goes bust, the Supreme Court said on Wednesday in a landmark ruling that clarifies the ranking of creditors in an insolvency. The ruling was the result of a case brought by the administrators of the UK divisions of investment bank Lehman Brothers and Canadian telecoms company Nortel, which filed for bankruptcy protection in 2008 and 2009 respectively. ...http://news.yahoo.com/pension-funds-cannot-jump-creditor-queue-bankruptcy-court-011520289.htmlWed, 24 Jul 2013 21:16:25 -0400Reuterspension-funds-cannot-jump-creditor-queue-bankruptcy-court-011520289By Chris Vellacott LONDON (Reuters) - Separate groups of MPs and investors have set out ideas for a revamp of corporate governance standards in Britain, a year after a government-backed review criticised the short-termist culture of the City of London. A report by parliament's Business, Innovation and Skills Committee (BISC) published on Thursday called on the government to push the financial industry harder to adopt a set of recommendations mooted by economist John Kay last July. ...http://news.yahoo.com/uk-committee-investor-body-pushes-city-reform-agenda-010636429.htmlWed, 24 Jul 2013 21:06:36 -0400Reutersuk-committee-investor-body-pushes-city-reform-agenda-010636429<p><a href="http://news.yahoo.com/banks-too-slow-pay-mis-selling-claims-minister-005952349.html"><img src="http://l1.yimg.com/bt/api/res/1.2/1jqyehGM3jm3cZ8anjUJBg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T230252Z_1_CBRE96N1S0W00_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="Britain&#039;s Business Secretary Vince Cable tours exhibition stands during the Liberal Democrats spring conference in Brighton" align="left" title="Britain&#039;s Business Secretary Vince Cable tours exhibition stands during the Liberal Democrats spring conference in Brighton" border="0" /></a>LONDON (Reuters) - British banks are acting too slowly to pay compensation to firms that were mis-sold financial products, Business Secretary Vince Cable said on Thursday, calling for swifter payouts and greater transparency. Banks such as Barclays, HSBC, RBS and Lloyds have been setting aside hundreds of millions of pounds after regulators found they had been widely mis-selling complex interest rate hedging products to small businesses. ...</p><br clear="all"/>http://news.yahoo.com/banks-too-slow-pay-mis-selling-claims-minister-005952349.htmlWed, 24 Jul 2013 20:59:52 -0400Reutersbanks-too-slow-pay-mis-selling-claims-minister-005952349<p><a href="http://news.yahoo.com/banks-too-slow-pay-mis-selling-claims-minister-005952349.html"><img src="http://l1.yimg.com/bt/api/res/1.2/1jqyehGM3jm3cZ8anjUJBg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T230252Z_1_CBRE96N1S0W00_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="Britain&#039;s Business Secretary Vince Cable tours exhibition stands during the Liberal Democrats spring conference in Brighton" align="left" title="Britain&#039;s Business Secretary Vince Cable tours exhibition stands during the Liberal Democrats spring conference in Brighton" border="0" /></a>LONDON (Reuters) - British banks are acting too slowly to pay compensation to firms that were mis-sold financial products, Business Secretary Vince Cable said on Thursday, calling for swifter payouts and greater transparency. Banks such as Barclays, HSBC, RBS and Lloyds have been setting aside hundreds of millions of pounds after regulators found they had been widely mis-selling complex interest rate hedging products to small businesses. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/cable-accuses-boe-holding-back-economic-recovery-ft-005056170.html"><img src="http://l.yimg.com/bt/api/res/1.2/Kj3NaGKdmoE82uWMoIqzPg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T232359Z_2_CBRE96N02D200_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="Britain&#039;s Business Secretary Vince Cable leaves after attending a Cabinet meeting at Number 10 Downing Street in London" align="left" title="Britain&#039;s Business Secretary Vince Cable leaves after attending a Cabinet meeting at Number 10 Downing Street in London" border="0" /></a>By David Milliken LONDON (Reuters) - Business minister, Vince Cable, has accused the Bank of England of holding back economic recovery by imposing excessive financial burdens on banks and demanding they build up high levels of capital. The central bank gained new powers in April to require banks and building societies to hold extra capital to make them less reliant on public support in the case of collapse, something banks oppose because it dilutes shareholders&#039; short-term returns. ...</p><br clear="all"/>http://news.yahoo.com/cable-accuses-boe-holding-back-economic-recovery-ft-005056170.htmlWed, 24 Jul 2013 19:23:59 -0400Reuterscable-accuses-boe-holding-back-economic-recovery-ft-005056170<p><a href="http://news.yahoo.com/cable-accuses-boe-holding-back-economic-recovery-ft-005056170.html"><img src="http://l.yimg.com/bt/api/res/1.2/Kj3NaGKdmoE82uWMoIqzPg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T232359Z_2_CBRE96N02D200_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="Britain&#039;s Business Secretary Vince Cable leaves after attending a Cabinet meeting at Number 10 Downing Street in London" align="left" title="Britain&#039;s Business Secretary Vince Cable leaves after attending a Cabinet meeting at Number 10 Downing Street in London" border="0" /></a>By David Milliken LONDON (Reuters) - Business minister, Vince Cable, has accused the Bank of England of holding back economic recovery by imposing excessive financial burdens on banks and demanding they build up high levels of capital. The central bank gained new powers in April to require banks and building societies to hold extra capital to make them less reliant on public support in the case of collapse, something banks oppose because it dilutes shareholders&#039; short-term returns. ...</p><br clear="all"/>LONDON (Reuters) - British employers agreed a median 2.5 percent pay rise with workers in the second quarter, the same as in the first three months of the year, a survey by researchers Incomes Data Services showed on Thursday. Employers in the automotive and energy sectors were the most generous, offering 3 percent annual pay rises on average, while public sector workers received pay rises of only 1 percent as part of the government's real-terms public spending cuts. Adjusting for the fact that more staff worked for employers offering smaller pay rises, the average worker received a 1. ...http://news.yahoo.com/pay-deals-offer-2-5-percent-wage-increase-230613272.htmlWed, 24 Jul 2013 19:06:50 -0400Reuterspay-deals-offer-2-5-percent-wage-increase-230613272<p><a href="http://news.yahoo.com/banks-too-slow-pay-mis-selling-claims-uk-230252294.html"><img src="http://l1.yimg.com/bt/api/res/1.2/1jqyehGM3jm3cZ8anjUJBg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T230252Z_1_CBRE96N1S0W00_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="Britain&#039;s Business Secretary Vince Cable tours exhibition stands during the Liberal Democrats spring conference in Brighton" align="left" title="Britain&#039;s Business Secretary Vince Cable tours exhibition stands during the Liberal Democrats spring conference in Brighton" border="0" /></a>LONDON (Reuters) - British banks are acting too slowly to pay compensation to firms that were mis-sold financial products, Business Secretary Vince Cable said on Thursday, calling for swifter payouts and greater transparency. Banks such as Barclays, HSBC, RBS and Lloyds have been setting aside hundreds of millions of pounds after regulators found they had been widely mis-selling complex interest rate hedging products to small businesses. ...</p><br clear="all"/>http://news.yahoo.com/banks-too-slow-pay-mis-selling-claims-uk-230252294.htmlWed, 24 Jul 2013 19:02:52 -0400Reutersbanks-too-slow-pay-mis-selling-claims-uk-230252294<p><a href="http://news.yahoo.com/banks-too-slow-pay-mis-selling-claims-uk-230252294.html"><img src="http://l1.yimg.com/bt/api/res/1.2/1jqyehGM3jm3cZ8anjUJBg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T230252Z_1_CBRE96N1S0W00_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="Britain&#039;s Business Secretary Vince Cable tours exhibition stands during the Liberal Democrats spring conference in Brighton" align="left" title="Britain&#039;s Business Secretary Vince Cable tours exhibition stands during the Liberal Democrats spring conference in Brighton" border="0" /></a>LONDON (Reuters) - British banks are acting too slowly to pay compensation to firms that were mis-sold financial products, Business Secretary Vince Cable said on Thursday, calling for swifter payouts and greater transparency. Banks such as Barclays, HSBC, RBS and Lloyds have been setting aside hundreds of millions of pounds after regulators found they had been widely mis-selling complex interest rate hedging products to small businesses. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/fca-fines-rbs-bank-5-6-million-pounds-092439783.html"><img src="http://l3.yimg.com/bt/api/res/1.2/dovRuQ1zb.i7UIRC3D_9rw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T202600Z_2_CBRE96N0Q5700_RTROPTP_2_BRITAIN-BOE-REGULATION.JPG" width="130" height="86" alt="A logo at a Royal Bank of Scotland branch is seen in the City of London" align="left" title="A logo at a Royal Bank of Scotland branch is seen in the City of London" border="0" /></a>LONDON (Reuters) - Britain&#039;s Financial Conduct Authority has fined Royal Bank of Scotland 5.6 million pounds ($8.6 million) for failing to report transactions the watchdog needs to help it spot market abuses. The FCA said problems with the bank&#039;s systems were aggravated by its disastrous takeover of Dutch bank ABN Amro in 2007. RBS was bailed out the following year by the British government, which holds an 81 percent stake in it. The FCA said on Wednesday the bank failed to properly report 44. ...</p><br clear="all"/>http://news.yahoo.com/fca-fines-rbs-bank-5-6-million-pounds-092439783.htmlWed, 24 Jul 2013 16:26:00 -0400Reutersfca-fines-rbs-bank-5-6-million-pounds-092439783<p><a href="http://news.yahoo.com/fca-fines-rbs-bank-5-6-million-pounds-092439783.html"><img src="http://l3.yimg.com/bt/api/res/1.2/dovRuQ1zb.i7UIRC3D_9rw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T202600Z_2_CBRE96N0Q5700_RTROPTP_2_BRITAIN-BOE-REGULATION.JPG" width="130" height="86" alt="A logo at a Royal Bank of Scotland branch is seen in the City of London" align="left" title="A logo at a Royal Bank of Scotland branch is seen in the City of London" border="0" /></a>LONDON (Reuters) - Britain&#039;s Financial Conduct Authority has fined Royal Bank of Scotland 5.6 million pounds ($8.6 million) for failing to report transactions the watchdog needs to help it spot market abuses. The FCA said problems with the bank&#039;s systems were aggravated by its disastrous takeover of Dutch bank ABN Amro in 2007. RBS was bailed out the following year by the British government, which holds an 81 percent stake in it. The FCA said on Wednesday the bank failed to properly report 44. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/boe-turn-forward-guidance-way-ahead-152839839.html"><img src="http://l.yimg.com/bt/api/res/1.2/3afOu_ojre3YcKlA8kT06A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T200546Z_2_CBRE96N16T300_RTROPTP_2_FINANCIAL-EXCHANGES.JPG" width="130" height="86" alt="An actor in a bowler hat is silhouetted in front of the Bank of England during the filming of a television programme in central London" align="left" title="An actor in a bowler hat is silhouetted in front of the Bank of England during the filming of a television programme in central London" border="0" /></a>By Jonathan Cable LONDON (Reuters) - The Bank of England will probably turn to issuing forward guidance as its main policy tool but has yet to draw a definite line under its massive asset purchase programme, a Reuters poll found on Wednesday. Canada&#039;s former central bank chief Mark Carney took over at the Bank this month and wasted no time telling markets they were getting ahead of themselves with bets on when policy might tighten. ...</p><br clear="all"/>http://news.yahoo.com/boe-turn-forward-guidance-way-ahead-152839839.htmlWed, 24 Jul 2013 16:05:46 -0400Reutersboe-turn-forward-guidance-way-ahead-152839839<p><a href="http://news.yahoo.com/boe-turn-forward-guidance-way-ahead-152839839.html"><img src="http://l.yimg.com/bt/api/res/1.2/3afOu_ojre3YcKlA8kT06A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T200546Z_2_CBRE96N16T300_RTROPTP_2_FINANCIAL-EXCHANGES.JPG" width="130" height="86" alt="An actor in a bowler hat is silhouetted in front of the Bank of England during the filming of a television programme in central London" align="left" title="An actor in a bowler hat is silhouetted in front of the Bank of England during the filming of a television programme in central London" border="0" /></a>By Jonathan Cable LONDON (Reuters) - The Bank of England will probably turn to issuing forward guidance as its main policy tool but has yet to draw a definite line under its massive asset purchase programme, a Reuters poll found on Wednesday. Canada&#039;s former central bank chief Mark Carney took over at the Bank this month and wasted no time telling markets they were getting ahead of themselves with bets on when policy might tighten. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/pounds-prejudice-bank-england-puts-jane-austen-banknote-143354931.html"><img src="http://l3.yimg.com/bt/api/res/1.2/vc1ANglPmvlSKSyr9aZnVA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T161841Z_1_CBRE96N19B700_RTROPTP_2_BRITAIN-BANKNOTE-GENDER.JPG" width="130" height="86" alt="An illustration of a British ten pound Sterling banknote bearing the likeness of author Jane Austen, is seen in a picture released by the Bank of England in London" align="left" title="An illustration of a British ten pound Sterling banknote bearing the likeness of author Jane Austen, is seen in a picture released by the Bank of England in London" border="0" /></a>By Christina Fincher LONDON (Reuters) - British 19th century novelist Jane Austen will become the face of the new 10 pound note, the Bank of England said on Wednesday, defusing criticism that women are under-represented on the country&#039;s currency. The writer of classics such as &quot;Pride and Prejudice&quot;, &quot;Sense and Sensibility&quot; and &quot;Emma&quot; will replace naturalist Charles Darwin on the reverse of Britain&#039;s most popular banknote. ...</p><br clear="all"/>http://news.yahoo.com/pounds-prejudice-bank-england-puts-jane-austen-banknote-143354931.htmlWed, 24 Jul 2013 12:51:00 -0400Reuterspounds-prejudice-bank-england-puts-jane-austen-banknote-143354931<p><a href="http://news.yahoo.com/pounds-prejudice-bank-england-puts-jane-austen-banknote-143354931.html"><img src="http://l3.yimg.com/bt/api/res/1.2/vc1ANglPmvlSKSyr9aZnVA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-24T161841Z_1_CBRE96N19B700_RTROPTP_2_BRITAIN-BANKNOTE-GENDER.JPG" width="130" height="86" alt="An illustration of a British ten pound Sterling banknote bearing the likeness of author Jane Austen, is seen in a picture released by the Bank of England in London" align="left" title="An illustration of a British ten pound Sterling banknote bearing the likeness of author Jane Austen, is seen in a picture released by the Bank of England in London" border="0" /></a>By Christina Fincher LONDON (Reuters) - British 19th century novelist Jane Austen will become the face of the new 10 pound note, the Bank of England said on Wednesday, defusing criticism that women are under-represented on the country&#039;s currency. The writer of classics such as &quot;Pride and Prejudice&quot;, &quot;Sense and Sensibility&quot; and &quot;Emma&quot; will replace naturalist Charles Darwin on the reverse of Britain&#039;s most popular banknote. ...</p><br clear="all"/>By Sarah Mortimer LONDON (Reuters) - Pension scheme members cannot jump ahead of other creditors when a company or bank goes bust, the Supreme Court said on Wednesday in a landmark ruling that clarifies the ranking of creditors in an insolvency. The ruling was the result of a case brought by the administrators of the UK divisions of investment bank Lehman Brothers and Canadian telecoms company Nortel, which filed for bankruptcy protection in 2008 and 2009 respectively. ...http://news.yahoo.com/pension-funds-cannot-jump-creditor-queue-bankruptcy-uk-153722027.htmlWed, 24 Jul 2013 11:37:22 -0400Reuterspension-funds-cannot-jump-creditor-queue-bankruptcy-uk-153722027

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