UK banks expect a rush of defaults in coming months July 15, 2021 UK banks expect defaults to rise over the coming months as households struggle to service debt taken on to cope with the financial pressures of the Covid crisis, new figures released today reveal. According to the Bank of England’s latest Credit Conditions Survey, banks expect default rates on unsecured lending – or credit card lending [...]
Fancy a Covid jab? Here are all the free walk-in vaccine sites open in London this month July 14, 2021 If you haven’t had a chance to book your Covid-19 vaccination, there are a number of sites accepting walk-ins this July. Anyone over 18 can get their Covid-19 jab in England and those attending sites won’t be required to provide identification, proof of address, or be registered with a GP. If you’re lucky enough to [...]
UK house prices swell 10 per cent year-on-year July 14, 2021 The average price for a home has swelled 10 per cent, according to official data today, as house price inflation continues. London’s homeowners however might not feel the benefit, with prices jumping just 5.2 per cent in the year to May, the Office for National Statistics (ONS) said. Property prices in the capital have the [...]
Barratt expects higher profits as home completions increase July 14, 2021 Barratt expects profits to be at the “top end” of market expectations, it announced this morning, amid a boom in home completions. The housebuilder delivered 17,243 homes in the year ended 30 June 2021 – 5,000 more than the year before, according to the company’s trading update. Despite the pandemic Barratt built more homes than [...]
UK listed companies set for rebound after brutal pandemic hit July 14, 2021 UK listed companies saw a record decline over the course of the Covid-19 pandemic, but recovery is already underway and predicted to rapidly pick up. Investment manager J O Hambro Capital Management today said the pandemic was deeper and more widespread than any other downturn in recent history. The impact of the coronavirus pandemic was [...]
London homes: Pandemic panic-buying property leads to homeowner regrets July 13, 2021 London property: Pandemic panic-buying property leads to homeowner regrets
Keep it in the family: 11 siblings behind two boozy powerhouses July 13, 2021 Brewing and distilling have for centuries been family pursuits, but the McAvoy family have taken that idea to almost absurdist lengths. Launched in 2017, the Sis4ers Distillery is run by sisters, Kerry Collins, Hayley Robinson, Kate Haslam and Lucy McAvoy, themselves the siblings of the brothers behind the Seven Bro7hers Brewing Co, based on the [...]
Rumours of Apple Bitcoin purchase swirl on social media, but are they to be believed? July 13, 2021 Bitcoin is down roughly three per cent to just above $33,000, keeping it within that same narrow range it’s been trading in over the last month or so.
EU securities watchdog slaps DTCC’s derivatives unit in the City with £350k fine for ‘negligence’ July 12, 2021 The European Union’s securities watchdog said today it has issued the UK-based trade repository arm of U.S. clearing house DTCC a fine of nearly £350,000 for “negligence” over a four-year period. Trade repositories were set up in the aftermath of the global financial crisis to improve transparency in markets by keeping a record of derivatives [...]
House sales drop by over half as stamp duty holiday winds down July 12, 2021 House prices were down 60 per cent on the five year average in the first week of July as the stamp duty holiday comes to an end. This follows a bumper June, with the number of UK property transactions last month set to be the highest on record according to Knight Frank. Tax savings fell [...]