The results are out: Here’s how your bank would do if 2008 repeated itself November 30, 2016 Royal Bank of Scotland has failed all of the Bank of England's stress test measures, the worst performer among the UK's major lenders. RBS will now have to draw up a new capital plan, and the Bank's prudential regulation authority (PRA) will monitor its progress. RBS finance chief Ewen Stevenson said: "We are committed to creating a stronger, [...]
House prices edged up in September as the market recovered from the initial Brexit hit October 7, 2016 House prices fell 0.1 per cent in the three months to September as compared to the previous quarter, according to Halifax – but they edged up month-on-month. There was a 0.1 per cent increase in property values between August and September, following two months of house prices falling. Year on year growth hit 5.8 per cent. Read more: [...]
Nationwide: Annual UK house price growth edges up September 30, 2015 Annual UK house price growth rose in September for the first time since May, figures by Nationwide have shown – although the figure was a far cry from the same period this time last year. Prices rose 3.8 per cent in the year to September – up from August's 3.2 per cent, but considerably lower [...]
Skinny Prosecco could be coming to a supermarket near you in 2017 October 4, 2016 Those who love both prosecco and their waistlines will have something to raise a glass to today as a diet version of the UK's favourite bubbly could be about to go mainstream. British luxury drinks group Thomson & Scott launched its low-calorie, low-sugar Skinny Prosecco in April in a number of high-end stores including Selfridges (where it [...]
Yes, really: Strip club and lapdance tycoon Peter Stringfellow will launch an online lingerie range before Christmas August 25, 2016 Despite the launch of the Night Tube, strip club tycoon Peter Stringfellow has found a new venture outside of the nighttime economy. It will, nonetheless, maintain his interest in scantily clad women. That's right, he's launching a lingerie line. Stringfellows Collection will be on sale online for baffled boyfriends and present-stressed husbands before Christmas, though he has [...]
Fyffes tucks into its second portion of mushrooms after taking purchases past £100m for the year September 8, 2016 Banana-giant Fyffes announced its second foray into the mushroom market this year after revealing it had purchased Canadian producer All Seasons for CA$59m (£34m). Irish-based importer Fyffes mushroomed its Canadian portfolio in April when it purchased Highline Produce Limited for CA$145m. It funded the purchased through drawing down on new and existing debt. The All Seasons purchase was also [...]
UK house prices rose in June – but will Brexit hit house prices? Three experts give their view June 29, 2016 It seems the nation's house buyers were unperturbed at the prospect of a Brexit vote, after new figures showed house prices rose in June – despite warnings by the chancellor. Figures from Nationwide this morning showed prices crept up 0.2 per cent in June, or 5.1 per cent in the year to the end of [...]
Now you can open a HSBC account with a selfie September 5, 2016 Forget passwords and pins, but now its not even fingerprints or eye scanning that is replacing these traditional security measures — it's selfies. HSBC will now let its business customers open an account simply using a selfie thanks to facial tracking technology, a type of biometrics which is becoming increasingly popular among firms as a way of making [...]
House price confidence ticked upwards in September as Brexit fears faded September 26, 2016 As worries about the effect of the Brexit vote on the UK economy start to fade, Londoners have become more confident about the price of their home. According to research by Knight Frank, people across the UK believe the value of their house increased in September. Londoners perceived the biggest house price growth of anywhere in [...]
This is how far London house prices fell in the third quarter October 12, 2016 London's house prices have underperformed in the third quarter as the capital recovered from the shock of the Brexit vote and the uncertainty afterwards. House prices fell 2.5 per cent in the third quarter, following on from a 0.5 per cent fall in the second quarter, according to data from Halifax and IHS Markit. London's decline compared [...]