Mortgage rates are falling — how low could they go in 2024? January 11, 2024 More than 30 British lenders have slashed their home loan prices in the last two weeks as 2024 kicks off with a mortgage price war.
Mark Kleinman’s City column: Why BAE chief Woodburn could be a slick choice for BP and more January 11, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column. This week he asks who might take the reins at BP, what next at Endeavour Mining, and a new retail platform BP’s board might legitimately be accused of many things in its handling [...]
Natwest boss’s radio blunder betrays the reality of C-suite groupthink January 10, 2024 Natwest chair Sir Howard Davies's housing comments betray the risks of the C-suite echo chamber, writes Simon Neville.
Rachel Reeves: Sir Howard Davies house price remarks ‘out of touch with reality’ January 5, 2024 Rachel Reeves has slammed Natwest chair Sir Howard Davies' comments on the property ladder, saying the City grandee is "out of touch" with the reality of millions of Brits.
Natwest chair says “it’s not that difficult” to buy a house. The data disagrees. January 5, 2024 House prices continue to outpace wage growth but Natwest chair Sir Howard Davies has told youngsters it's "not that difficult" to get on the ladder
Why the London property market will ‘underperform’ as UK house prices rise January 5, 2024 London house price growth will continue to “underperform” in comparison to the rest of the UK, property experts have predicted. Tom Bill, head of UK residential research at Knight Frank, said that buyers “struggling with affordability” will hinder recovery in the capital’s property market. “People were leaving to get more value during the pandemic..and I [...]
Mark Kleinman’s 2024 bold predictions: A BP bid, a new gig for Rose and much, much more January 4, 2024 Mark Kleinman gets the City of London talking - and his ten bold predictions for British business in 2024 will certainly do that
Government quietly lowers stake in Natwest as it crystallises loss for taxpayers January 3, 2024 The government has quietly sold nearly 1.03 per cent of its shares in Natwest as it continues to reduce its stake in the bank since bailing it out during the financial crisis.
UK banks’ costs in focus in 2024 as interest rates go from boon to burden January 1, 2024 UK banks' cost control will be a key focus in 2024 as the tailwind from high interest rates gives way to mounting margin pressure, analysts have told City A.M.
Seven things banks will be looking out for in 2024 December 31, 2023 A challenging year is in the offing for lenders – from regulatory reform to fraud crackdowns