Investors Leave London for Property Yields: Real Estate

For most property investors, the U.K. is a country with one city. Private-equity firms, pension funds and millionaires from Russia to Qatar spent more on real estate in London than the rest of the country for the first time last year, lifting values there while prices elsewhere sank.

Lloyds May Raise $1.2 Billion From Scottish Widows, Numis Says

Lloyds Banking Group Plc (LLOY), the U.K.’s biggest mortgage lender, may reap about 800 million pounds ($1.2 billion) from selling fund-management unit Scottish Widows Investment Partnership, Numis Corp. said.

Osborne Sticks to Austerity as Investors Say Downgrade Came Late

U.K. Chancellor of the Exchequer George Osborne said he won’t give in to opposition calls to change his economic policy after Moody’s Investors Service’s decision to strip the U.K. of its Aaa status.

Britain Is Outside Euro Zone but Not Euro Crisis

LONDON — Having kept their own currency and central bank, British politicians pride themselves on their foresight in staying outside the beleaguered euro.

U.K. Considers $77 Billion Estuary Hub as Heathrow Successor

Jan. 18 (Bloomberg) -- Britain may build a 50 billion-pound ($77 billion) airport on the mudflats of the Thames estuary instead of expanding London’s crowded Heathrow hub as the government examines how to meet burgeoning demand for flights.