Rush to beat stamp duty deadline drives mortgage borrowing to record high July 29, 2021 A rush to complete house purchases before the tapering of the stamp duty holiday at the end of June drove mortgage borrowing to a record monthly high, reveal new figures published today. The Bank of England said mortgage borrowing hit £17.9bn in June, surging 163 per cent in just a month from £6.8bn in May. [...]
Nationwide scoops £50m prize for small business lending May 14, 2019 Nationwide has won the latest round of funding from a high-profile grant designed to boost small business lending in the UK, pocketing the top £50m prize. Read more: Nationwide invests in ex-Barclays CEO's firm to boost business banking Investec and the Co-operative Bank were also named as winners, taking home £15m each. The awards, handed [...]
UK steers clear of cash during pandemic, choosing Covid-friendly contactless June 16, 2021 The pandemic has accelerated the decline of cash, as new analysis reveals that the number of UK consumers paying with cash plummeted 35 per cent in 2020. Amid coronavirus restrictions to reduce contact between people, the number of UK payments made using cash plummeted by 35 per cent in 2020 compared with the previous year, [...]
Leading farming union defends solar panels from Tory attacks August 21, 2022 The UK’s largest agricultural body has defended the farming sector’s support of solar panels, despite criticism from both Tory leadership contenders.
False Trump claims: Rudy Giuliani suspended from practising law June 24, 2021 An appeals court has suspended Rudy Giuliani from practising law in New York because he made false statements while trying to get courts to overturn Donald Trump’s loss in the presidential race. An attorney disciplinary committee said in its motion to suspend Giuliani’s licence that there was “uncontroverted evidence” that Giuliani had made false statements [...]
Covid-19: France shuts schools as it enters third national lockdown March 31, 2021 France will shut schools for at least three weeks and extend tough lockdown measures to the entire country in a bid to combat a third wave of coronavirus sweeping across Europe. President Emmanuel Macron said he was widening restrictions that were already in place in Paris, swathes of the north and parts of the south [...]
In The Style sales soar 130 per cent in first financial update since retailer’s AIM listing April 29, 2021 Fast fashion firm In the Style, which collaborates with reality TV stars and online influencers, toasted booming sales over the last 12 months in its first financial results since it went public last month. The ecommerce retailer said turnover for the year ended 31 March is expected to be around £44.5m, a 130 per cent [...]
Technology spend knocks Nationwide profit down by 15 per cent May 21, 2019 Nationwide saw its profit fall 15 per cent as the building society’s interest income was squeezed by strong market competition and it splashed out on technology, its full year results revealed today. Read more: Nationwide invests in ex-Barclays CEO's firm to boost business banking The figures The UK stalwart’s profit before tax fell to £833m in the [...]
UK’s Covid-19 death toll passes 125,000 March 11, 2021 The UK’s official Covid-19 death toll passed 125,000 today, according to data from Public Health England.
Hedge fund Odey takes short position against Deliveroo after disastrous IPO April 22, 2021 Odey Asset Management has taken a short position against Deliveroo after a disastrous start to the delivery firm’s London IPO. Odey fund managers James Hanbury and Jamie Grimston took the bet on Deliveroo’s first day of trading, according to investor documents seen by the Financial Times. Deliveroo made its debut on 31 March with a [...]