Mortgage growth set to reach decade low as high rates drive down demand November 6, 2023 The EY Item Club predicted that net mortgage loans would grow 1.5 per cent in 2023 and two per cent in 2024, representing the lowest two-year growth in a decade.
Mortgage lending remains subdued as high rates put off borrowers June 3, 2024 Hopes for a rebound in the mortgage market in the first half of 2024 have been dashed by fresh lending data, as appetite for home loans was hit by reduced optimism over interest rate cuts from the Bank of England.
Recession ‘already over’ as economic activity picks up again but inflationary pressures grow February 22, 2024 Figures out last week confirmed that the UK slipped into a shallow recession in the second half of last year.
On the Beach Group share price tumbles after big marketing spend May 16, 2023 Package holiday retailer On the Beach saw its shares drop 15 per cent to 107p today, after its narrowing losses and uptick in bookings were not enough to reassure investors. The Manchester-based travel company saw pre-tax losses shrink from £7m to £6m in the six months before March, as its group revenue rose £73.2m, up [...]
Visitors flock to iconic landmark but shun well-known attraction June 4, 2024 The roof-top tour of Liverpool's iconic Royal Liver Building helped boost the group behind landmark attractions across the UK despite visitors shunning a well-known site.
Primark owner ABF raises dividend as markets ‘return to normality’ April 23, 2024 Primark owner Associated British Food (ABF) has raised its dividend following a strong set of results in the 24 weeks to 2 March.
Food inflation lowest level since last August, as supermarket price wars pay off October 3, 2023 The rate at which food prices increase has fallen to 9.9 per cent in September, down from 11.5 per cent the prior month, and the lowest level since last August, in the latest signal that cost of living pressures customers face at the till are beginning to ease. Shop price annual inflation is now also [...]
Magners and Tennent’s owner C&C outperforms in tough alcohol market August 15, 2024 Drinks company C&C, the owner of brands such as Magners and Tennent’s, has said it’s on track to meet expectations this year despite well-documented troubles in the alcohol industry. The firm, which is headquartered in Dublin, said in an update ahead of its AGM that it remained “confident” of achieving its set goal and that [...]
Bellway: Revenue drops but housing market on the up August 9, 2024 Housebuilder Bellway’s revenue has dipped by more than £1bn as “challenging operating conditions” have continued to hit the group. The London-listed company, headquartered in Newcastle upon Tyne, brought in revenue of £2.3bn in the year ending July 30, 2024, down from just under £3.4bn in the 12 months before. Revenue fell as the number of [...]
UK services activity rises at fastest pace in eight months February 5, 2024 The UK's services sector saw a "solid increase" in business activity last month, as well as an uptick in job creation, according to a closely watched survey.