By Alistair Smout. LONDON | Wed May 22, 2013 5:07pm BST. LONDON (Reuters) - Growth sensitive sectors drove FTSE 100 to fresh 13 year highs, receiving a boost after the top U.S.
The timing of Easter and the freezing weather seen at the start of the month caused retail sales to fall by 2.2 per cent on an annual basis.
Ben Bernanke said the US Federal Reserve could start slowing the pace of its asset purchases �in the next few meetings�, but only if the labour market showed sustained improvement.
Nationwide has increased its share of the British mortgage market to a record level, helped by government-funded programmes to support housebuyers, such as the Bank of England's Funding for Lending Scheme.
For the last seven months, a battle has raged over how much capital Britain's largest banks need to hold. The first shot was fired in November by the Bank of England's Financial Policy Committee (FPC), which asked Britain's then banking regulator, the ...