Natwest boss: We’re managing loan book ‘very very closely’ as rates spike June 15, 2023 Natwest boss Dame Alison Rose said the bank was seeing “no material signs of distress” in its loan book despite the impact of rising interest rates. Speaking at the Goldman Sachs financial conference, Rose said: “We have seen no increase in defaults or impairments and the same on the business side… What we’ve actually seen [...]
More lenders expected to hike mortgage rates following HSBC, brokers warn June 15, 2023 More and more lenders are set to increase rates on mortgages, brokers have warned, as the fallout from the Bank of England’s rate rise continues to devastate homeowners. The fresh blow to the housing sector comes as HSBC pushed mortgage rates up for the second time in one week in an unprecedented move for the [...]
‘US investors back themselves’: Why WE Soda will be heading to New York after snubbing London June 15, 2023 London was dealt a fresh blow yesterday when soda ash firm WE Soda revealed it had scrapped its plans to float in London just one week after making the announcement.
‘Painful’: MPs to vote on Boris Johnson report on his birthday June 15, 2023 MPs are set to vote on the Privileges Committee report which found Boris Johnson “deliberately misled” Parliament on the former prime minister’s birthday. A free vote is expected to be held in the House of Commons on Monday (19 June) – the former PM’s 59th birthday. It is also the third anniversary of the illegal [...]
Cold weather weighs down ‘flattish’ sales for H&M – but Swedish chain has reasons to be cheerful June 15, 2023 Fashion chain H&M has revealed weaker-than-expected sales over the latest quarter after demand was weighed down by chilly weather. The Swedish retail giant, however, added that June trading has started well amid improving conditions, driving an increase in shares in early trading. It told investors on Thursday morning that net sales were “flattish compared with [...]
National Grid claims Britain at lower risk of losing power in the winter than last year June 15, 2023 Britain will be at a lower risk of losing power this winter than it was last time, according to a report from the company that runs the grid. National Grid’s Electricity System Operator (ESO) said on Thursday that power plants, wind farms and other generation methods are expected to be able to provide more than [...]
Bitcoin slips to three-month low as US considers further interest rate hikes June 15, 2023 Bitcoin dropped to March lows and was trading at just under $25k this morning, while Ethereum was down 6% over the last 24 hours.
Odey Asset Management set to be broken up in the wake of sexual assault allegations June 15, 2023 Beleaguered hedge fund Odey Asset Management is set to be broken up after being hit by an exodus of investors in the wake of sexual assault allegations against its founder Crispin Odey.
Analysis: The Boris Johnson report and the end of a self-styled Cincinnatus June 15, 2023 Boris Johnson, the man who led us through an unprecedented pandemic, set his own precedent when he misled Parliament over breaking lockdown rules.
Announcing CryptoMondays as a General Partner for the Crypto AM SOLSTICE: Unlocking Summer and Fifth Birthday Party June 15, 2023 Crypto AM is delighted to announce that CryptoMondays London has been confirmed as a General Partner for the upcoming Crypto AM SOLSTICE: Unlocking Summer and 5th Birthday Party.
