Mortgage approvals hit two-year high while consumer credit growth remains stagnant August 30, 2019 Mortgage approvals for July hit a two-year high according to official data released on Friday. The Bank of England data revealed that lenders approved 67,306 mortgages last month, up from 66,506 in June. Read more: Londoners pay highest UK house premium to live closer to a station The housing market has endured a slowdown since [...]
FTSE edges higher as relief over deflating trade war tensions sinks in August 30, 2019 Britain’s FTSE100 stock index nudged higher this morning as a relief rally over China deflating trade war tensions entered a second day. The blue-chip index was given a further boost by a continued slide in the pound’s value, which helped to boost exporters. China’s foreign ministry said this morning that it was continuing to hold [...]
UK households’ inflation expectations at highest in six years, survey reveals August 30, 2019 UK households are expecting inflation to rise over the next 12 months as the possibility of a no-deal Brexit increases. The public’s expectations for inflation are at their highest level since 2013, according to a survey from US bank Citi and pollsters YouGov, released on Friday. Read more: UK consumer confidence staggers in face of [...]
Trade is being weaponised – and it’s driving the G7 apart when we need the alliance most August 30, 2019 In the recent past, the G7 has largely been a talking shop for the leaders of the world’s biggest economies, who gather for a couple of days before sending out a communique generally agreeing that the western consensus should be maintained, and that globalisation is a good thing. Last year, all that changed. Who can [...]
UK consumer confidence staggers in face of no-deal Brexit August 30, 2019 Consumer confidence in personal financial situations slumped in August, driven by the increasing uncertainty caused by Brexit. A measure recording changes in personal finances during the last 12 months fell by two points this month to -1, a decline of five points compared to August last year. Read more: UK consumer confidence slumps in June [...]
Reabold boosted as it finds UK’s second-biggest gas field also contains oil August 29, 2019 Reabold Resources expanded the value of the UK’s biggest onshore hydrocarbon field this morning when it announced that it had found oil in what was previously thought to be a gas-only field. The Humberside-based field, which was announced in June as the largest onshore gas discovery since 1973, is around 70 per cent oil, and [...]
Saudi Aramco shuns London amid Brexit worries August 29, 2019 Saudi Arabia’s state oil giant Aramco is not leaning towards London for a potential listing, according to reports. The Wall Street Journal said the oil giant is going to split its listing into two parts. Read more: Saudi Aramco hires bankers for megalisting It will start by float on the Saudi stock exchange this year, [...]
Italian stock market soars as new coalition takes shape August 29, 2019 Italy’s stock market jumped two per cent this morning and bond yields hit record lows as Prime Minister Guiseppe Conte took a big step towards forming a new government. Read more: Italian bond yields hit record low on hopes of new coalition Conte said he had accepted President Sergio Mattarella’s invitation to form a new [...]
Cebr poll: Most Brits expect a UK recession within a year August 29, 2019 Most Britons expect the UK economy to fall into a recession this time next year, a survey showed today, as consumer confidence tumbled to a six-year low in August. Read more: Into the red: UK economy shrinks for first time in seven years The latest analysis from Yougov and the Centre for Economics and Business [...]
Investing ‘IQ test’ reveals the traits that could limit returns August 29, 2019 | City Talk Investors globally suffer from an ambiguity bias which can prevent them from taking risks with their investments and potentially lower their returns, Schroders investIQ test found. All investors have behavioural biases such as ambiguity aversion or impulsivity which can affect the way they invest. By understanding these biases, investors may be able to improve their [...]