Bloomberg The European business of coffee chain Starbucks Corp. paid an effective UK tax rate of 2.8 percent last year after a payment from another part of the company boosted profits, the Financial Times reported. The company paid $5.9 million in UK taxes on a profit of $213 million in the year ended October 2017, down from earnings of $219 ...

Bloomberg London house prices posted their biggest drop in almost a decade in July. Home prices fell 0.7 percent, the biggest decline since September 2009, the Office for National Statistics said. The average property in the capital cost $640,000. Trends in the London property market tend to start in boroughs in the centre and west of the city, before moving ...

Bloomberg As US household debt rises and wages stagnate, millions of Americans are tapping into home equity to keep up with day-to-day expenses. Twenty-four million homeowners believe borrowing against home equity is an acceptable way to cover regular bills, according to a Bankrate.com report. Cash-strapped millennials, low earners and the less educated were most likely to think home equity offered ...