Many fintech lenders are ‘uneconomical’ report finds November 21, 2023 Winyield said that less than ten per cent of the fintech lenders it interviewed had staff with "previous relevant credit experience."
Housebuilding downturn deepens as rising interest rates weigh on demand September 6, 2023 The sector recorded a score of 40.8, comfortably below the 50 mark which separates growth from contraction.
FTSE 100 close: London markets falls after poor services PMI data raises risk of recession September 5, 2023 By the mid-afternoon, the FTSE 100 was trading around 0.3 per cent higher while the midcap FTSE 250 rose 0.1 per cent.
British Land chief to step down in November September 10, 2020 Property developer British Land has today announced that chief executive Chris Grigg will step down after 11 years at the helm. Simon Carter, who is currently the firm’s finance chief, will take over the top job, it added. Carter returned to British Land in 2018 after spells as the finance chief at European warehouse business [...]
First-time buyers spend 39 per cent of take home pay on a mortgage – Nationwide January 13, 2023 Homes for first-time buyers are at their most expensive as a proportion of take-home pay since the financial crisis. The proportion of monthly income that first-time buyers are having to put towards mortgage repayments is returning to levels last seen in the 2008 financial crisis, according to Nationwide. Nationwide, the UK’s third largest lender has [...]
Sheffield Wednesday back in the Championship with 123rd-minute goal May 29, 2023 A 123rd-minute goal by Josh Windass saw Sheffield Wednesday beat Barnsley in the League One play-off final and return to the English Championship after two seasons in the third tier. The outstanding diving header, in what was the last touch of the game, saw Windass replicate his father’s feat of scoring a promotion-winning goal 15 [...]
Service sector dealt hammer blow as cost of living crunch sinks in June 7, 2022 The UK service industry was hammered last month, posting its worst performance for more than a year, as soaring inflation weighed down consumer demand. The closely-watched IHS Markit/CIPS UK services PMI survey scored 53.4 last month, tumbling from a 58.9 reading in April. Any score above 50 shows growth in the sector. However, this represented [...]
PMI: Recovery of UK services sector regaining momentum February 3, 2022 The recovery of the UK services sector regained momentum last month, according to new figures. The closely watched IHS Markit/CIPS UK Services PMI survey scored 54.1 in January, bouncing back from a 10-month low of 53.6 in December. Any score above 50 shows growth in the sector. The latest data showed that activity in the [...]
‘Fading recession fears’ boost optimism as services sector bounced back to growth in February March 3, 2023 The UK’s service sector bounced back to growth in February as business optimism improved and activity expanded at the fastest pace since June. The S&P Global/CIPS UK services PMI survey showed a reading of 53.5 in February, up from 48.7 in January and slightly ahead of market expectations. Any score above 50 is considered growth [...]
Does the BBC’s Gary Lineker row show that the government has a problem with football? March 12, 2023 The weather forecast finished and then suddenly there it was: the BBC’s hurried replacement for Match of the Day following its spectacular bungling of the Gary Lineker row. Shorn of its theme tune, opening title, studio, presenter, pundits, commentators and about an hour of running time, this was bleak and surreal; a sort of post-apocalyptic [...]