George Osborne hopes to raise �3bn by selling another chunk of the government's stake in Lloyds Banking Group in a move that will test investor appetite for shares in the part-nationalised bank.
Wage growth in the UK is picking up, figures from the Office for National Statistics (ONS) indicate. In the August-to-October period, average earnings excluding bonuses were up 1.6% from a year earlier.
WASHINGTON - Janet L. Yellen, the Federal Reserve chairwoman, said Wednesday that the Fed still plans to start raising interest rates next year, but it will be patient and does not expect to begin the process any earlier than April.
... * Blue-chip FTSE 100 index closes up 0.1 pct. * Energy, mining shares gain, track commodity prices. * Lloyds down as UK to sell more shares in six months.
Consumer prices in the United States fell 0.30 percent in November, leaving the inflation rate over the past year at 1.3 percent, the Labor Department reported Wednesday.