UK house price growth dwarfs annual salaries amid 12-month jump streak August 2, 2022 The average cost of a home has grown each month for the past year to £271,209, according to one of the country’s oldest house price indexes. House prices grew 11 per cent in the year to July, up from 10.7 per cent in June, Nationwide revealed today. While monthly growth has slowed to a “modest” [...]
UK companies facing second-highest level of financial ‘distress’ in Europe February 5, 2024 UK businesses are facing the second-highest level of “deepening” financial distress in Europe due to inflation and high interest rates.
Paragon Bank: Shares jump 10 per cent as specialist buy-to-let lender announces new buyback December 6, 2023 Nigel Terrington, chief executive of financial lender Paragon Bank, announced a further £50m share buyback for 2024 financial year.
Retail experts warn of ‘challenging’ months ahead as sales growth slows February 7, 2023 Senior retail figures have warned that the coming months will be “challenging” for the sector, after sales slowed over January, falling below the three-month average growth of 5.2 per cent to 4.2 per cent Helen Dickinson OBE, chief executive at British Retail Consortium (BRC), said consumer confidence remains “stubbornly low” and looming rises in household [...]
New car market ‘growing back and growing green’ with EV surge – but rate hikes peak concern July 5, 2023 Britain’s new car market recorded its 11th consecutive month of growth in June with registrations rising 25.8 per cent – but it might not be smooth driving in the near future. Just under one million new cars were registered in the first half of 2023, up 18.4 per cent on the previous 2022, according to [...]
Not one London MP would prioritise build-to-rent properties October 11, 2023 Not one London MP would prioritise build-to-rent properties in terms of housing options, despite almost half of them located in London.
UK consumer confidence hits highest level in two years January 26, 2024 UK consumer confidence rose in January and had its highest reading in over two years, as a surprise rise in inflation appeared to not rattle the public.
London sellers failing to acknowledge the property market has ‘begun rebalancing’ November 28, 2023 Desperate London home sellers have been accepting average discounts of as much as £25k on asking prices as the property market has seized up.
Epwin expects demand for building products to ‘remain subdued’ in 2024 September 11, 2024 Building products supplier Epwin has posted a slide in revenue for the first half of 2024 and said demand would likely "remain subdued" through the rest of the year.
Construction sector ‘turns a corner’ as housebuilding jumps September 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said the recovery in housebuilding was the "most notable development" in August.