UK Finance News

The UK nuclear power company British Energy saw its shares jump by 6pc today following reports that French energy giant EDF were planning to buy the company.
Reports in the French newspaper La Tribune said that EDF were set to make a bid for the UK company which is valued at around £7billion. The news comes [...]

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First Direct have become the latest bank to close it’s doors to new mortgage customers. The bank will no longer offer mortgages to anyone other than existing customers, following an increase in applications for its home loans as other lenders raise their rates.
Several other lenders including Nat West and Scottish Widows raised their rates  yesterday [...]

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According to the US State Department international narcotics control strategy report, the UK ranked alongside the world’s top 50 “major money-laundering countries” such as Afghanistan and Columbia.
We should hope this is because of its position as a key global financial centre [i.e. a good reason] rather than for the many bad reasons we might think [...]

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