What happens when you talk markets on Facebook February 16, 2016 What do you do when everyone is active on Facebook except you? You get with the programme. How do you do that? You (naively) say yes to going live for your company on Facebook to “do a little Q&A session on the markets”. What happens then? First you freak out as you discover how “personal” [...]
General Election 2015: Housing soars as one of top issues for voters March 21, 2015 Housing is racing up the voters' list of concerns as we head toward the General Election, according to pollster Ipsos Mori. A few years ago, rapidly rising house prices and getting on the property ladder were mainly seen as issues concerning London and the South East. However, as prices rise across the country housing is [...]
Budget 2015 summary: Here are all the personal finance pledges George Osborne made today March 18, 2015 There were the usual tears and tantrums as chancellor George Osborne stepped up to the despatch box earlier today, to deliver a Budget speech geared largely towards savers, pensioners and first-time buyers. In the end, it was the "savings revolution" that made the headlines – with new rules on Isas and savings among a raft [...]
Buy when there’s blood on the floor: The market chaos of January and February has created a buying opportunity March 9, 2016 There was much to concern investors in the first two months of 2016. Chinese growth has slowed further, and the renminbi devaluation has kept investors nervous that there is a more intense currency war ahead. Commodity prices have remained under pressure, with oil prices hitting the lowest levels since 2003. Closer to home, investors have [...]
Prepare to salivate: John Lewis predicts the 10 things we’re going to go nuts for in autumn/winter 2016 April 22, 2016 Yes, the summer has only just arrived (or has it? Is this really it?) but retailers are already one step ahead of us, forecasting what we'll be buying this autumn/winter. Well it is only 246 days until Christmas. So while you might be daydreaming about which holiday clothes you're going to splurge on, the buyers [...]
Mortgage loan slowdown may be at an end as house prices predicted to rise March 17, 2015 Mortgage lending dropped again in January, industry data showed yesterday, as the market continued to plateau. But economists think this weak spell could be at an end, with lending set to pick up across the rest of 2015. The month saw 22,400 home movers take out mortgages, according to the Council of Mortgage Lenders (CML), down [...]
SocGen leads European banks lower at the close as rout resumes on Deutsche, Barclays, HSBC, Lloyds and RBS share prices and Credit Suisse hits 27 year lows February 11, 2016 Well that didn’t last long. Europe’s bank shares closed down this evening, led by French bank Société Générale after it announced earlier it may struggle to meet its profitability targets this year. The bank, whose share price slumped over 13 per cent in early trading but managed to scale back loses to end the day down just over 12 [...]
Was George Osborne’s last Budget before the General Election a winner for British savers? March 18, 2015 Iain McCluskey, tax director at PwC, says Yes This was a Budget for those who choose to, in George speak, fix their roof. With returns on savings sitting at miserable lows for most people, the chancellor had to innovate to try and encourage the country to save. He did this by using the Budget to [...]
David Cameron’s housing construction shake-up fails to build market confidence: Experts disagree residential planning overhaul is game changer July 12, 2015 Housing developers had a bit of a rollercoaster ride last week. First the Budget rocked shares, with changes to tax relief on buy-to-let mortgages – and then, on Friday, the government unexpectedly put house building at the centre of its plan to boost the UK’s productivity. With the cost of a home jumping by 45 [...]
General Election 2015: Uncertainty hangs over UK mortgage lending data April 14, 2015 The uncertainty surrounding the General Election hit mortgages in February, as lending dropped, with the total number of loans falling one per cent on January’s figure and 16 per cent compared to last year. The figures According to the Council of Mortgage Lenders (CML),a total of 40,600 loans valued at £6.8bn were granted in February, meaning the [...]