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London house prices post biggest decline in 6 years

  Bloomberg London house prices posted their largest annual drop in almost six years in February as high values deter- red buyers. The average asking price in the capital fell 0.4 percent to 641,116 pounds ($797,000) this month from a year earlier, the first annual decline since April 2011, property website Rightmove Plc said on Monday. While asking prices gained ...

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PSA may vow to keep Opel sites as chief tours for support

  Bloomberg PSA Group Chief Executive Officer Carlos Tavares will meet with government leaders in the UK and France this week to discuss the potential purchase of General Motors Co.’s Opel and Vauxhall brands. Tavares will meet French Economy Minister Michel Sapin morning and UK Prime Minster Theresa May at a date that hasn’t yet been announced. To win support ...

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Britain to borrow less than forecast

  Bloomberg Britain will borrow less than forecast this year after the economy defied the doomsayers following the vote to leave the European Union, according to EY ITEM Club. Surprisingly strong tax receipts should limit the deficit to about 65 billion pounds ($81 billion) in the fiscal year through March, 3 billion pounds less than officials predicted in November, the ...

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