M&G tables £191m bid in UK Mortgages hostile takeover August 13, 2020 M&G today said it has tabled a bid of roughly £191m for UK Mortgages Limited, marking its final offer in a hostile takeover effort. The asset manager, which is acting on behalf of its M&G Specialty Finance Fund, said it has ramped up its offer by 3p to 70p per share — an increase of [...]
FTSE 100 today: London markets likely to open in red following weak global cues January 18, 2024 Global stocks fall, China shares hits 5-year low, greenback nears one-month peak, and oil prices rise; focus shifts to Christine Lagarde's speech and U.S. economic data.
Persimmon and Barratt to sign Gove’s cladding contract as others stall for time January 30, 2023 A handful of developers plan to sign the government contract to fix buildings affected by cladding and other fire risks in the coming weeks. Levelling up secretary Michael Gove gave developers a six-week deadline to commit to more than £2bn of repairs to fix the issues in buildings taller than 11 metres. This comes on [...]
Bank chiefs hit back at accusations of profiteering on higher interest rates February 7, 2023 Chief executives from the UK’s four largest lenders today hit back at accusations from MPs that they were too quick to charge customers more interest on their mortgages without offering higher rates on savings accounts. The bank chiefs were asked why interest rates on instant savings accounts remain around one per cent while the Bank [...]
Even high-earners feeling the pinch: Over a quarter on £100K pay cheque to pay cheque November 17, 2023 Around one in four people earning a six-figure salary say they are living pay cheque to pay cheque, according to a survey. Some 26 per cent of people surveyed across the UK with an annual income of £100,000-plus said they had no money left at the end of the month, wealth manager RBC Brewin Dolphin [...]
Berkeley profits dip as housebuilding hey-day slips away December 9, 2022 Berkeley, one of the biggest housebuilders in the country, has been hit hard by the housing market dip and scaling inflation, as its pre-tax profit sinks. It is the latest sign the hey-day for housebuilders is over, with rising mortgage rates combined with inflation squashing demand for house buying in recent months – as well [...]
Inflation figures may be good news for Sunak, but millions will still be left poorer November 15, 2023 The economy may cheer today's inflation figures, but the cost of living crisis is far from over for millions of Brits, writes Rocio Concha
Consumer confidence hits highest level in two years as UK ‘turns a corner’ April 19, 2024 "The revival in consumer confidence speaks to a wider story of an economy that has turned the corner," Ian Stewart said.
Metro Bank: Natwest, Lloyds and Santander UK consider buying parts of lender – report October 8, 2023 The Bank of England has reportedly been canvassing some of the UK’s most high profile banks to gauge their interest in purchasing Metro Bank.
Foxtons: ‘Value of homes under offer best since Brexit’ April 18, 2024 Estate agent Foxtons said improved market conditions helped drive housing sales revenue by 17 per cent in the first quarter of the year, with the value of homes under offer the best since Brexit.