Crest Nicholson: ‘Persistently’ high inflation leads house builder to lower forecast for the year August 21, 2023 British house building company Crest Nicholson said it expects adjusted profit before tax for the full year to be around £50m down from previous expectations of £73.7m, after a challenging period for the sector bruised business activity. The Surrey based firm said “persistently” high inflation and rising interest rates worsened during the summer of this [...]
UK inflation smashes forecasts again raising chances of larger Bank of England interest rate hike June 21, 2023 UK inflation is still outpacing experts’ predictions and is running at a level that could lure the Bank of England into an outsized interest rate hike tomorrow, heaping more pain on families and businesses. Official figures out this morning from the Office for National Statistics (ONS) showed the rate of price hikes held steady at [...]
FTSE 100 close: London flat after US jobs figures fuels Fed rate speculation August 7, 2023 London’s FTSE 100 opened the week in sluggish fashion as investors take in fears across the pond that the Fed could hike rates again. The capital’s premier blue chip index closed on 7,556.41 points, 0.11 per cent down, while the FTSE 250, which is more aligned with the domestic market, was also broadly flat on [...]
Natwest boss’s radio blunder betrays the reality of C-suite groupthink January 10, 2024 Natwest chair Sir Howard Davies's housing comments betray the risks of the C-suite echo chamber, writes Simon Neville.
Metro Bank drafts in investment bankers to explore capital raise October 4, 2023 Metro Bank has reportedly drafted in a top team of investment bankers to explore ways to boost its capital position.
Nationwide boss Debbie Crosbie rules out Natwest CEO job November 19, 2023 Nationwide's chief executive Debbie Crosbie has ruled out a move to Natwest as the troubled bank looks for a new boss.
One of London’s most expensive mansions has been bought by UAE president MBZ April 4, 2024 Sheikh Mohammed bin Zayed Al Nahyan, the president of the United Arab Emirates, has reportedly bought one of the most expensive homes in London.
House prices dip unexpectedly as interest rates continue to dampen demand August 30, 2024 House prices dipped unexpectedly for the first time since April this month, but a closely watched survey today suggests that the outlook for the property market is likely to strengthen as interest rates are reined in. In its closely watched house price index today, mortgage lender Nationwide said British house prices slipped by 0.2 per [...]
Week ahead: Investors look for rate cut clues on both sides of the Atlantic April 1, 2024 Markets will be closely watching key economic releases in the US and Europe this week, which will offer clues on the likelihood of near-term interest rate cuts.
The Notebook: When will the Bank of England begin cutting interest rates? March 6, 2024 Where the City’s experts have their say. Today, Interactive Investor's Victoria Scholar talks interest rates, star-studded weddings and Bitcoin.