Sir Mervyn was outvoted for a fifth consecutive month on extending the Bank's �375bn quantitative easing (QE) programme, as members voted 6-3 against expanding asset purchases.
Chinese property developer Dalian Wanda Group has said it will spend more than �1bn ($1.6bn) to buy a British yacht maker and develop a hotel in London.
LONDON | Wed Jun 19, 2013 12:18pm BST. LONDON (Reuters) - Telecom company BT said on Wednesday chief executive Ian Livingston would step down in September to take up a role as Minister for Trade and Investment in the British government.
FRANKFURT/LONDON | Wed Jun 19, 2013 11:34am BST. FRANKFURT/LONDON (Reuters) - Vodafone is discussing a bid of about $10 billion (6.4 billion pounds) with Germany's No.
LONDON | Wed Jun 19, 2013 11:42am BST. LONDON (Reuters) - The Financial Conduct Authority (FCA) has fined a property agent nearly a million pounds for defrauding vulnerable people, the largest-ever fine for a sole trader in the consumer sector.