It’s time to write the next chapter in the City’s story of technological innovation April 15, 2019 When I travel across the globe, there is an issue I get asked about time and time again: what is it about London that makes it such a successful global financial hub? And what is it about the UK that makes us stand out from the crowd? A key part of the answer is innovation. [...]
Government moves to ban controversial ‘no-fault’ evictions April 15, 2019 The government will ban landlords from evicting tenants at short notice without providing a reason, it announced today, as it continues its shake-up of the private rental sector. Read more: Private Rented Sector investment to hit £75bn by 2025 The move was applauded by campaign groups for giving renters security and a ban has cross-party support, but landlords [...]
Worst London house price drop in 10 years drags down UK house prices growth March 29, 2019 UK house price growth stayed soft in March as London's worst house price drop in a decade dragged down the market. Prices rose 0.7 per cent in March compared to the year before, according to Nationwide’s latest house price index, a modest 0.2 per cent higher than February. Read more: UK house prices: Brexit means prices [...]
Maven Capital Partners closes management buyout fund at £100m March 25, 2019 Maven Capital Partners has closed its debut management buyout fund at £100m, the Glasgow-headquartered private equity management firm announced today. The fund, which was backed by Scotland’s national economic development agency Scottish Enterprise, targets management buyout opportunities in UK companies with an enterprise value of £10m to £40m, making investments of between £5m and £15m [...]
UK house prices: Housing market ‘on its knees’ amid Brexit uncertainty February 28, 2019 UK house price growth remained sluggish in February, as property experts warned the housing market is “on its knees”. Prices rose just 0.4 per cent year on year compared to January’s 0.1 per cent rate of growth, new data published today reveals. Read more: January transactions flat as uncertainty weighs on housing market But prices [...]
Nationwide profits fall as it warns IT investment will continue to weigh down earnings February 8, 2019 Profits fell in Nationwide’s third quarter as the building society was hit by a £167m write-off charge as well as an ongoing technology investment, it revealed today, warning profit pressure will remain in the fourth quarter. The figures Pre-tax profits dropped a staggering 20 per cent year on year to £703m for the last three [...]
A Marie Kondo divorce: Lessons from Netflix’s new TV star February 6, 2019 A new year means a new selection of TV series to help us through the deep dark winter months. This year is no exception, and Netflix’s Tidying Up with Marie Kondo resonates with what are no doubt nationwide resolutions for self, home, and life improvement. It might be surprising to learn that many of the [...]
UK house price growth falls to six-year low in weak start to 2019 January 31, 2019 UK house prices almost stopped growing altogether in January as the annual growth rate fell to almost a six-year low, figures reveal today. The 0.1 per cent growth rate was just a fifth of December’s own sluggish 0.5 per cent rate of annual growth, Nationwide’s data showed, and its worst since flat growth in February [...]
More customers leave TSB than any other bank, data shows January 30, 2019 More customers abandoned TSB in the third quarter of last year than any other bank, according to the latest data, while Nationwide gained the most new accounts. TSB, which suffered two major IT outages in 2018, saw net losses of 16,142, followed by Natwest which lost 12,514 accounts overall. A total of 40, 656 customers moved their [...]
If Britain looks outward, it will find Nigeria open for business January 29, 2019 As the vote on Theresa May’s withdrawal agreement looms, parliament is at an impasse. The likelihood of a no-deal Brexit is increasing – in Germany, it is now seen as the most probable outcome, while in France, a “hard Brexit” contingency plan has been triggered. Deal or no deal, however, Brexit gives the UK the [...]