Sellers experience a house price ‘reality check’ despite a climb in mortgage approvals November 26, 2018 New home mortgage approvals inched higher in October, the latest data shows. High street bank lending for house purchases grew by 3.6 per cent compared to the same month in 2017, UK Finance figures released today demonstrate. However, remortgaging approvals fell by a huge 13.5 per cent, with total mortgage approvals down 4.1 per cent. [...]
Mitsubishi sacks Carlos Ghosn from chairman role after arrest November 26, 2018 Mitsubishi Motors has sacked Carlos Ghosn following his arrest in Japan, with an expert predicting a wider fallout from financial misconduct allegations against the industry luminary. Mitsubishi is the third member of an alliance with Renault and Nissan, the latter of which ousted Ghosn as chairman after he was arrested over allegations of financial misconduct. Mitsubishi's [...]
UAE pardons British PhD student Matthew Hedges after sentencing him to life in prison on spy charges November 26, 2018 British PhD student Matthew Hedges, convicted as a spy and handed a life sentence last week by the United Arab Emirates (UAE), has been pardoned with immediate effect, it was announced this morning. The UAE freed Hedges as part of its National Day clemency tradition, state media reported. The decision follows “constructive” talks with foreign [...]
Prime Minister Theresa May will battle Jeremy Corbyn in TV debate over her Brexit deal November 26, 2018 Prime Minister Theresa May plans to challenge Jeremy Corbyn to a TV debate on the eve of parliament voting on her Brexit deal, it is reported. The Tory leader will take on her Labour counterpart in an event following a fortnight of campaigning across the country to drum up support for her draft withdrawal agreement, [...]
Black Friday weekend: How to find the best deals and avoid the worst November 23, 2018 British shoppers are set to drop £7bn on products this Black Friday weekend, as they surf the web and hit the high streets in search of the most generous deals. But as price comparison site Finder.com predicts bargain hunters will spend an average of £220 each, with everybody discounting products it’s hard to know where [...]
Watchdog announces investigation into Crossrail delay November 23, 2018 The National Audit Office (NAO) is set to investigate Crossrail after it was revealed that London’s high profile transport project will be delayed by almost a year, amid rising costs. “Our investigation will examine the causes of the cost increases and schedule delays, the terms of the additional funding, and the governance and oversight of [...]
Parliament will vote down May’s Brexit deal, says Dominic Raab November 23, 2018 Former Brexit secretary Dominic Raab believes parliament will vote down the Prime Minister’s Brexit deal next month. However, MPs could agree stopgap measures to prevent the alternative of the UK crashing out the EU without a deal, he told the BBC’s Today programme this morning. "We will I think inevitably see parliament vote this deal [...]
New magazines fuel Future’s profit jump after spending spree November 23, 2018 Future reported huge jumps in both profit and revenue in its full-year results today after a string of acquisitions breathed new life into the magazine publisher, sending shares up almost five per cent in early trading. The figures Group revenue grew by 48 per cent year on year to £124.6m for the 12 months to the [...]
Black Friday shoppers prepare to spend £2.4bn – here’s what they’re buying November 22, 2018 UK shoppers are set to spend a record £2.44bn on Black Friday tomorrow, with £2.95m being spent every minute as people prepare to do their Christmas shopping early. High streets will attract the majority of the spend despite a tough year of declining sales, as retailers expect to net £1.41bn from brick-and-mortar stores. Digital isn’t [...]
Brexit deal ‘within our grasp’, says Prime Minister Theresa May November 22, 2018 Prime Minister Theresa May said today that a Brexit deal “is within our grasp” as she addressed the nation from Downing Street. “The British people want a good deal. That deal is in our grasp and I am determined to deliver it,” she said outside Number 10. “The text of the declaration has been agreed [...]
