SW London most attractive location for young professionals

London's South West postal district, particularly the SW19 Wimbledon postcode, is the most attractive location for buying property for aspiring young urbanite professionals, according to a fresh survey by Lloyds Bank.

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FCA reprimands credit firms for producing misleading ads

The Financial Conduct Authority (FCA) on Friday reprimanded consumer credit providers for using irresponsible adverts that lack key information and mislead consumers.

The FCA, which took over responsibility for the financial sector in April, stressed that adverts must be clear, fair and not ambiguous/misleading for consumers.

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Compass to return £1 billion to shareholders via special dividend

Catering giant Compass has reported an increase of nearly 6 per cent in adjusted pre-tax profit for the six months to March 31 this year, announced decision to serve up £1 billion special dividend to its shareholders.

The Surrey-based world's largest catering group announced that its six-month pre-tax profit jumped 5.7 per cent year-on-year to £608 million.

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Admiral reports 7pc decline in Q1 turnover

British auto insurer Admiral Group Plc reported a decline of 7 per cent in turnover for the first quarter of 2014, even as the number of customers jumped 6 per cent.

The Cardiff-based insurance group said its turnover slipped to 514 million pounds (nearly $865M) in the three months ended March 31, 2014, down from 551 million pounds in the corresponding three-month period of the previous year.

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Sports Direct in talks to buy 30 gyms from LA Fitness

The UK-based sporting goods retailer Sports Direct International Plc is in talks to acquire numerous gyms from LA Fitness, a person familiar with the matter revealed.

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