Government urged to act to secure ‘home ownership dream’ July 31, 2019 The government has been urged to act to help first-time buyers as new forecasts revealed that by 2026 just a quarter of people aged between 25 and 34 will own their own home. A report by Santander found that home ownership within that age bracket will have dropped from 55 per cent 20 years ago, [...]
Revealed: The London boroughs most likely to avoid a Brexit house price crash November 1, 2019 So you’re a first-time buyer who has finally saved up enough to get on the housing ladder. All that’s left now is to decide which corner of the capital you’re going to invest your cash in. That decision is arguably more important than ever, given that a recession is a very real possibility – particularly [...]
Mortgage approvals jump in November December 30, 2019 Mortgage approvals jumped 6.8 per cent last month, reaching the highest level in almost two years. Remortgage approvals soared 12.7 per cent during the month while gross mortgage lending dipped 3.3 per cent last month compared to the same month last year. Read more: First time buyer mortgage approvals increase in October EY Item Club [...]
Gupta’s GFG carving out deal with White Oak to inject cash into European steel mills August 23, 2021 Sanjeev Gupta’s metals giant GFG Alliance is reportedly carving out a deal with White Oak Global Advisors for the refinancing of his European operations. The deal, which would circle GFG’s steel mills in Romania and the Czech Republic, could end months of uncertainty for thousands of steelworkers, the Financial Times first reported, citing people familiar [...]
Property chiefs: Lockdown and end of stamp duty holiday push down house prices February 2, 2021 The most recent drop in house prices is primarily caused by the soon-to-end stamp duty holiday, combined with the UK’s third national lockdown, property professionals told City A.M. this morning. According to new figures, published by Nationwide earlier this morning, January saw property prices fall for the first time in six months as the end [...]
£25.7bn in deals: Strongest M&A start of the year in two decades February 15, 2021 Deals involving a UK investment or acquisition target hit £25.7bn during the first six weeks of this year, more than three times the value recorded during the same period in 2020. It also marks the highest opening six-week period for deal announcements of any year since 2000, according to new data from London Stock Exchange-owned [...]
What impact will Russia’s invasion of Ukraine have on oil and gas? March 4, 2022 Russia’s invasion of Ukraine is first and foremost a human tragedy. As investors though, our role is to interpret the market implications on behalf of our clients. Here, we consider the impact of the invasion on oil and gas markets. Firstly, it’s important to understand how markets stood before the invasion. Global energy markets were [...]
Age hits equally, but the gender pension gap doesn’t May 19, 2022 According to Amazon’s rankings, the best selling products for sixty-plus Brits are elevated toilet seats, pill organisers and pain relief creams. As elderly age affects the population regardless of gender, Amazon’s pensioners’ insights don’t take into account whether the buyer is a man or a woman – raised toilet seats are so far yet to [...]
Stamp duty holiday extension boosts mortgage lending to five-year high but approvals slip March 29, 2021 The stamp duty holiday extension boosted net mortgage borrowing to its highest level since March 2016, according to new Bank of England data. Net mortgage lending hit £6.2bn in February, with mortgage approvals for house purchase reaching 87,700. Andrew Montlake, managing director at mortgage broker Coreco, said the stamp duty extension was pivotal in fuelling [...]
Exclusive: More than two firms remain interested in Bulb Energy’s customers April 25, 2022 At least one other energy firm is still open to taking on customers from Bulb Energy, but has ruled out a full takeover bid of the collapsed supplier.