Bank of England says UK’s big banks passed stress test and are ‘resilient’ to rising rates July 12, 2023 The UK’s largest lenders passed the Bank of England’s stress tests with flying colours, even as concerns grow around the health of the mortgage market. In its latest stress test, the Bank of England concluded that banks were “resilient”, enabling them to withstand persistently higher inflation and a deep global recession. “The UK banking system [...]
Consumer confidence hit highest level in three years July 19, 2024 Consumer confidence has risen to its highest level in three years in a tentative sign that the economy is leaving the cost-of-living crisis behind, new data from Deloitte shows. In its latest quarterly Consumer Tracker survey, Deloitte found that sentiment grew by 6.8 per cent year on year, boosted by a significant improvement in sentiment [...]
UK house prices fall in sharpest drop since 2008 crash December 7, 2022 House price growth has continued to cool in the UK, with last month representing the sharpest decline in value since 2008. The average cost of a home now stands at £285,579, after falling by 2.3 per cent in November, according to Halifax today – which began tracking house prices in 1983. Growth rates have slowed [...]
Virgin Money shareholders approve £2.9bn Nationwide takeover despite analyst warnings May 22, 2024 Virgin Money shareholders have given the green light for the bank to be acquired by Nationwide for £2.9bn, paving the way for the UK's biggest banking merger since the financial crisis.
Lloyds, HSBC, Barclays and Natwest results show consumer strength amid higher rates April 30, 2024 Barclays, Natwest and Lloyds reported first quarter results last week while HSBC updated investors this morning.
The Tories have given in to the landlord lobby over no-fault eviction May 1, 2024 Ending no-fault eviction by getting rid of Section 21 would be a small step towards making young people’s lives better, but the Tories can’t even do that. No wonder they’re heading for electoral annihilation, says Morgan Jones No-fault eviction is a blight on people’s lives, a cause of intense financial and emotional stress, and of [...]
Don’t believe the hysteria, landlords will barely pay a penny for rent reforms May 23, 2023 The new renters' rights laws attracted criticism because some argued they would drive landlords out of the market. Yet that is a misguided way of looking at these much-needed laws, writes Elena Siniscalco
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Housebuilding downturn continues as higher interest rates constrain demand November 6, 2023 The continued slump in housebuilding contributed to another significant fall in construction activity in October, a closely watched survey suggests.
The most Googled property investment questions, answered February 18, 2023 Investing in property can be daunting for the uninitiated – we asked Gordie Dutfield, CEO of Redmayne Smith to answer the most asked property investment questions on Google With so much potential when it comes to creating a passive income and building your own investment portfolio, it is no surprise that people want to learn [...]