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Mortgage lending down 52 percent year-on-year
LONDON (Reuters) - Gross mortgage lending fell 52 percent on the year in January to its lowest monthly total since April 2001, the Council of Mortgage Lenders said on Thursday.



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Water bills to rise above inflation
LONDON (Reuters) - Householders in England and Wales will face above-inflation increases in water bills this year, water regulator Ofwat said on Wednesday.



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Lloyds investors fear dark hole for Black Horse
LONDON (Reuters) - Lloyds Banking Group's takeover of HBOS one month ago has left investors fearing they may not get to reap the long-term benefits of the marriage after a shock jump in bad debts has raised the spectre of full nationalisation.



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Threadneedle starts to eye cyclicals
LONDON (Reuters) - Threadneedle's Pan European fund is slowly being positioned towards cyclicals like Irish building company CRH , but the main focus will remain on defensive stocks like Tesco until the recovery starts to emerge.



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BoE seeks powers to boost money supply
LONDON (Reuters) - Bank of England Governor Mervyn King has met Chancellor Alistair Darling to seek permission to conduct quantitative easing, a Bank of England spokesman said on Wednesday.



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