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Mortgage approvals down 43 percent year-on-year
LONDON (Reuters) - Mortgage approvals slumped 43 percent in January on a year ago, the British Bankers' Association said on Tuesday, indicating that house prices will continue to fall for some time yet.



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The investment you hope won't pay off
SINGAPORE (Reuters) - Gold is rapidly becoming the only welcoming port in a sea of uncertainty as worries rise over other traditional safe havens, including government debt.



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FSA insists consumer confidence in banks improving
PARIS (Reuters) - Consumer confidence in the banking sector has improved despite the blows from the global financial crisis, the chief executive of the Financial Services Authority (FSA) said on Monday.



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Retail sales up unexpectedly, but gloom ahead
LONDON (Reuters) - Retail sales unexpectedly rose in January as shoppers took advantage of aggressive price cuts to stock up on new clothes, books and CDs in the post-Christmas sales, but the outlook is grim.



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Home repossessions hit 12-year high
LONDON (Reuters) - Forty thousand people lost their homes through repossession last year, the highest number since 1996 and analysts say the figures are only going to get worse as house prices slump and the recession takes its toll.



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