ECONOMY

Average asking price for UK homes hits all-time high, according to Rightmove.

The British Airways' (BA) takeover of bmi could result in 1,200 job losses which the airlines term as deeply regrettable but inevitable.

US banking group claims first quarter results are solid and better than analyst forecasts.

Chancellor plans to increase UK exports to emerging markets jeopardised by slowdown in growth.

The U.K. producer price index for home sales of manufactured products rose 3.6 percent in the year to March 2012, compared to a growth of 4.1 percent in February, according to the latest data released from the Office for National Statistics (ONS).

Britain had higher proportion of unemployed black men during economic downturn over last three recessions.

Opec and IEA reports show oil production and supplies increasing as demand growth steadies, which could ease prices in 2012.

Britain's trade gap widens more than expected in three months to February as cars and heavy machinery exports to US, Russia and China decline.

The implications of Greece's tough austerity measures, which underpin the country's 130 billion Euro bailout, are provoking yet more national strikes. This time it's bus drivers whose backs are up. So much so they've staged a 24-hour walkout.

10,000 jobs around the world are to be cut at Sony. It's the result of an extraordinary last twelve months for the Japanese electronics giant which has been trying hard to shield itself from a huge battering to its bottom line.

Record 70 million passengers adds to pressure to scrap third runway ban.

London tops the list of most important global cities in a survey conducted by Knight Frank Research.

U.K. retail sales increased in March as warm weather boosted the sales of non-food goods, at the same time the permanent job placements increased for a third straight month giving an indication that the British economy is recovering slowly.

Regional purchasing managers index data shows London's services sector and West Midlands manufacturing as the forces behind the UK economy's positive start to 2012.

Japanese car maker Nissan has announced said it will spend 200 million US dollars to build a new hatchback at its UK Sunderland plant which will create 1,000 new UK jobs.

U.K. house prices dropped at the slowest pace since June 2010 in March, driven by the better economic prospects and buying ahead of the expiry of stamp duty exemption, according to the latest RICS UK Housing Market Survey.

The government bond markets could be weakened by July after the implementation of "Volcker Rule" in the U.S., said the Head of the U.K.'s Debt Management Office (DMO) on Monday.

For the service sector dependent Britain, each holiday costs the economy £2.3 billion.

The forecast is that unemployment will continue to rise even if the economy begins to grow.

Latest reports from Guardian suggest that the earnings of a proposed settlement in an ongoing patent dispute with Oracle, allows Google to make four times as much from an iOS device than it does from devices running its own Android OS.

Britain's FTSE 100 is expected to hit 6,100 mark by the end of 2012, driven by signs of growth in UK economy, improving European debt crisis and good global economic prospects.

Hiring by banks, asset managers and the insurance sector was down 57 per cent in March 2012.

Murdoch group shares dive 4% after news channel admits hacking into private emails

The Britain's industrial output experienced a major decline in almost a year in February, confounding previous upbeat private-sector surveys and signalling doubt on the UK's economic recovery.

The April outlook for British Pound Sterling is expected to be resilient, mainly due to recent PMI data releases about services sector, construction and manufacturing of the UK economy and also struggling eurozone economy.

Bond yields rise, shares slump as Europe's problems appear to deepen

MPC's key lending rate unchanged for 37th consecutive month

Global food prices rise for the third consecutive month, according to the United Nations.

Governor Mervyn King and the MPC face growth and inflation dilemma