HSBC pulls low-deposit mortgages after surge in demand September 2, 2020 HSBC UK today said it was restricting its low-deposit mortgages to those switching rates after a surge in demand. The bank said it is “temporarily reserving its mortgages over 85 per cent Loan to Value (LTV) for those customers switching rates.” HSBC was the only High Street bank to continue to offer 90 per cent [...]
Covid Karens: More than half of older Brits now breaking lockdown rules April 26, 2021 After more than a year of coronavirus lockdowns, it is no surprise that willingness among Brits to stick to the rules is starting to fade. But new figures suggest lockdown fatigue is more prevalent among older Brits, with compliance among those aged 55 to 75 dropping off at the fastest rate. The number of people [...]
UK house price growth rises to highest rate in five years October 30, 2020 UK house price growth jumped to the highest rate in five years this month, as the market continued to experience a post-lockdown bounce. Annual UK house price growth rose to 5.8 per cent in October, the highest level since January 2015. Property prices were up 0.8 per cent month-on-month compared to growth of 0.9 per [...]
Deliveroo shares slump 30 per cent on long-awaited stock market debut March 31, 2021 Deliveroo shares plunged by as much as 30 per cent on its long-awaited market debut, wiping more than £2bn off its valuation. The delivery firm’s shares closed out their first day of trading well down at 287p, a sharp drop from the offer price of 390p per share. The listing had been hotly anticipated given [...]
Russian forces intensify siege: Three hospitals hit as Ukraine war turns uglier two weeks in March 10, 2022 Bombs reportedly fell on three hospitals across Ukraine overnight. An airstrike on a maternity hospital in the port city of Mariupol wounded women waiting to give birth and buried children in the rubble as Russian forces intensified their siege of Ukrainian cities. The World Health Organisation (WHO) said it has confirmed 18 attacks on medical [...]
City Moves: Who’s switching jobs in the Square Mile this week? April 28, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Cazoo bolsters board after $7bn NYSE listing After its $7bn New York Stock Exchange listing through its AJAX merger, UK online car retailer Cazoo has confirmed that a new non-executive director [...]
Pubs without beer gardens to serve pints in car parks from April March 4, 2021 Pubs without beer gardens will be able to serve takeaway pints in car parks when restrictions are eased in April, the government has confirmed. Licensing rules for pubs, bars, cafes and restaurants were simplified last summer to make it easier for businesses to reopen in line with Covid guidelines after England’s first nationwide lockdown. The Ministry of Housing, [...]
Surge testing rolled out in more London boroughs over new South Africa Covid cases March 2, 2021 The London boroughs of Barnet and Merton have become the latest regions in the capital to receive surge testing, after officials identified new cases of the South Africa Covid variant. Residents in the N2 and NW4 regions of Barnet, as well as the Wimbledon Park area in Merton, are strongly encouraged to take a Covid-19 [...]
Government agrees £16bn North Sea transition deal for oil industry March 24, 2021 The government and private sector will pour £16bn into the North Sea oil industry over the next decade in a bid to reduce carbon emissions, business secretary Kwasi Kwarteng announced today. Under the new “North Sea Transition Deal”, ministers will be able to block future oil and gas exploration on the continental shelf if it [...]
Marston’s boss calls for extra support as pub chain expects sites to be closed until March January 8, 2021 The boss of pub chain Marston’s this morning urged the government for additional support for hospitality firms, as the company revealed it expects its sites to be closed until at least March due to the Covid-19 lockdown. The company, which has been forced to close all of its pubs due to the third nationwide lockdown, [...]