Mortgage activity dropped in September compared with a year ago signalling a UK housing market that is "continuing to cool", banks have said.
LONDON (Reuters) - The FTSE 100 fell on Thursday, weighed down by a slump in the share prices of supermarket operator Tesco and consumer goods group Unilever.
Britain's biggest drugmaker GlaxoSmithKline today set out plans to �fundamentally re-shape� the business - with jobs on the line as the pharmaceuticals giant aims to cut costs by �1 billion.
Shares in Foxtons plunged 15% after the estate agent warned that the London's property market was cooling. The company, whose 50 branches operate mainly in the capital, reported a "sharp and recent slowing of volumes" in London sales.
Lloyds Banking Group is expected to announce plans to cut a further 9,000 jobs over the next three years when it announces third-quarter trading results next week.