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By Chris Vellacott LONDON, April 12 (Reuters) - British investors have called upon investment banks to stick closer to lock-up agreements on sales of company shares after a major transaction, saying it would ensure more stable markets. The Association of British Insurers (ABI) - whose
Read more* Share rally in domestically focused UK companies to fade * Global companies offer better value after missing out on rally * Resources stocks expected to get dividend boost By Atul Prakash LONDON, April 11 (Reuters) - A year-long outperformance by domestically focused Bri
Read more* Number of customers switching increased by 14 percent * New rules part of measures to increase competition LONDON, April 11 (Reuters) - New rules making it easier for Britons to switch banks resulted in a 14 percent increase in the number of customers moving accounts in the six mont
Read more(Adds Deutsche Bank, Llyods, Willis Group) April 10 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com. DEUTSCHE BANK AG The bank appointed Gregg Gilbert as managing
Read more(Adds more detail) By Freya Berry LONDON, April 10 (Reuters) - A British parliamentary committee will question independent financial adviser Lazard this month regarding its role in the sale of Royal Mail, a committee spokeswoman said on Thursday. Lazard, which advised the govern
Read moreLONDON, April 10 (Reuters) - British finance minister George Osborne was on Thursday pressed for more details about the government's involvement in a collapsed deal to sell hundreds of Lloyds Banking Group branches to the Co-operative Bank . Lawmakers conducting an inquiry into the planned
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The Financial Conduct Authority (FCA) has proposed working with the competition regulator to ensure banks' overdraft mechanisms and fees are fairer. As overdraft fees generate a third of the revenue from personal account banking in Britain, the prospect of the financial watchdog imposing changes c
Read moreBy Huw Jones LONDON, April 10 (Reuters) - Britain's financial watchdog may impose changes in how banks treat overdrawn customers after its research showed people are paying too much when they go into the red. Banking fees have become politically charged, with lawmakers and the governm
Read more(Adds Moelis) April 9 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. MOELIS & CO A former Bank of America banker who works with clients in the retail sector has jo
Read moreBy Neil Maidment LONDON, April 9 (Reuters) - Britain's newly-privatised Royal Mail warned an investigation into a rival's complaint over wholesale mail price rises would lead to a long period of uncertainty around the prices it charges other postal operators. Royal Mail's regulator Of
Read moreBarclays Bank faced more controversy on Wednesday as it topped a watchdog's list of the UK's most-complained about banks, but gripes about financial service companies fell overall. Retail customers launched nearly 310,000 complaints against Barclays between July and December last year, the Financia
Read moreAnthony Thomson, the founder and former Chairman of Metro Bank has unveiled plans to launch Atom, the first 'truly digital' retail and business bank. The new online bank, which is due to open in 2015, will offer both consumer and business banking. Thompson, who will take on the role of Chairman,
Read moreLONDON, April 9 (Reuters) - Barclays Bank Plc has topped the list of the most complained-about British bank, although the number of reported grievances against financial services companies has fallen by 15 percent overall. The Financial Conduct Authority (FCA) said on Wednesday that almost
Read moreSporting goods retailer Sports Direct sunk sharply after it was reported that Founder Mike Ashley is selling 200m pounds-worth of shares, taking his stake from 62 per cent to 58 per cent. Goldman Sachs said it will place up to 24m shares acquired from MASH Holdings, Ashley's investment vehicle, wi
Read more* 598.4 million pounds paid out by banks at end March * 4 billion pounds has been set aside by 'Big 4' banks * Some firms taking legal action for consequential losses * Consequential loss bill could be 6 bln stg -Claims Firm * Average payout falls to 131,000 pounds/case
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