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Six regions hit new house price peak, says ONS

<b>Six regions of the UK now have average house prices higher than their pre-financial crisis peak after values rose again in July, figures show.</b><p>The East Midlands, West Midlands and South West of England have joined London, the East of England and the South East of England in rising above the peak of …

UK inflation rate down to 1.5% as food and petrol costs fall

<b>The annual rate of UK inflation fell in August as the cost of petrol, food and non-alcoholic drinks declined.</b><p>Consumer Prices Index (CPI) inflation fell to 1.5% from 1.6% in July, the Office for National Statistics said.<p>It means the Bank of England remains under little pressure to raise interest …

Boohoo.com sets flotation price

Online retailer's shares expected to be sold at 50p each, valuing it at more than £500m<p>Boohoo.com shares are expected to be priced at 50p each in a stock market flotation that will value the online fashion retailer at more than £500m.<p>The Manchester-based company confirmed plans to list on Aim last …

“Dumb Starbucks” Opens In Los Angeles

It’s just like a regular Starbucks, except everything about it is preceded by the word “dumb”–and the real Starbucks didn’t build it.<p><b>UPDATE</b>: Nathan Fielder, creator of Comedy Central’s <i>Nathan For You</i>, has claimed responsibility for Dumb Starbucks. The parody store has also been shut down by the Los …

Flappy Bird Creator Dong Nguyen Says App 'Gone Forever' Because It Was 'An Addictive Product'

The mysterious developer of the world’s most popular free app, who drew global attention this past weekend with his sudden decision to remove it, tells Forbes that Flappy Bird is dead. Permanently.<p>“Flappy Bird was designed to play in a few minutes when you are relaxed,” says Dong Nguyen, in an …

Financial crisis has left 'permanent scar' on UK wages

Recession has caused an “unparalleled collapse in real wages”, Resolution Foundation report finds<p>The financial crisis has left a "large permanent scar" on UK wages, with some salaries not expected to recover to pre-crisis levels until 2022, according to the Resolution Foundation.<p>The think-tank said …

Smaller jobless rise in January takes edge off Spain's labour market gloom

MADRID (Reuters) - The number of registered jobless in Spain rose in January as employers shed workers hired for the Christmas holiday season, but the rate of increase slowed from previous years, suggesting the ailing labour market may have touched bottom.<p>People wait to enter a government-run …

Biggest fall in business lending in six months

Bank of England report says net lending to businesses fell by £3.7bn in November, despite attempts to rebalance loans away from mortgages<p>Hopes of a balanced economic recovery have been dealt a blow with figures showing a worsening slump in business lending, even as mortgage levels reach their …

Euro zone house prices show signs of recovery

BRUSSELS (Reuters) - House prices in the euro zone are recovering from the property crashes that nearly bankrupted some members of the bloc, although real estate values in Ireland and Spain remain more than a third below their 2007 peak.<p>A European Union flag flutters in front of the Athens Stock …