Nervous homeowners on edge as mortgage rates hit highest level since 2016 with market fading fast August 2, 2022 The latest Bank of England data found last week that net borrowing of mortgage debt by individuals decreased to £5.3bn in June, from £8bn in May. Approvals for house purchases, an indicator of future borrowing, decreased to 63,700 in June, from 65,700 in May, which is below the 12-month pre-pandemic average up to February 2020 [...]
Artorius lures three wealth managers away from troubled UBS in major City coup August 2, 2022 City A.M. understands that Square Mile firm Artorius Wealth has bolstered its client team with the appointment of three senior UBS wealth managers, James Goddard, Helena Pratt and Max Di Lieto. James Goddard spent nearly two decades in wealth management across Citi, Barclays and UBS, and focused the last five years on partnering with business owners [...]
Rare admission: Jacob Rees-Mogg says he was wrong to claim there would be no Brexit delays in Dover August 2, 2022 It was wrong to state there would be no delays at Dover caused by Brexit, Jacob Rees-Mogg said this morning. The Brexit opportunities minister was adamant in the past that any backups when crossing the Channel would be witnessed in Calais But after holidaymakers faced chaos on gridlocked roads on the British side of the [...]
23m Brits on £2.4bn spending spree today as the nation tunes in for the Women’s Euro final July 31, 2022 Nearly 23m Brits are expected to spend money today as they will be celebrating England Women’s first appearance in a major football final since 2009. The EURO final today is expected to generate an average spend per person of over £46.08 before, during and after the match with the top purchases being food delivery (62%), [...]
Coleen Rooney wins ‘Wagatha Christie’ libel trial against Rebekah Vardy: ‘An embarrassing own goal’ July 29, 2022 Rebekah Vardy has lost the “Wagatha Christie” libel battle against Coleen Rooney over a viral social media post, after a High Court judge found it was “substantially true”. In the October 2019 post, Mrs Rooney, 36, said she had carried out a months-long “sting operation” and accused Mrs Vardy, 40, of leaking “false stories” about [...]
£1.4bn booster results: AstraZeneca’s strong performance paves a runway for growth July 29, 2022 Pharma giant AstraZeneca saw first half revenues rise by 48 per cent to $22.2bn, ignoring the impact of exchange rates, as the company saw growth in all divisions apart from Other Medicines. Excluding the impact of the Alexion acquisition, exchange rates, and other one-off costs, operating profit was 71 per cent higher at £1.4bn. This [...]
More than 3m UK households now live in fuel poverty as fears grow this number will double July 29, 2022 The chairwoman of the Committee on Fuel Poverty, Caroline Flint, said this morning close to 3.2m households are living in fuel poverty according to official statistics. “But those statistics were before these price increases happened and there are a number of organisations – National Energy Action and others – who are predicting it could double [...]
Back in black: Pandemic recovery of British Airways’ owner takes off in earnest as IAG pulls in £245m profit July 29, 2022 British Airways’ owner International Consolidated Airlines Group (IAG) has returned to profit for the first time since the start of the coronavirus pandemic. The group said it made an operating profit of 293 million euros (£245 million) between April and June, compared with a 967 million euro (£810 million) loss during the same period last [...]
‘Extract as much as possible from North Sea oil fields’, says Jacob Rees-Mogg July 28, 2022 Jacob Rees-Mogg has said “we need to be extracting as much as we possibly can from our North Sea oil fields”. The Cabinet Office minister was asked on the BBC Radio 4’s World At One programme whether the extraordinary profits that energy companies have made should be redistributed given the pain many households are feeling [...]
Millions of Brits can no longer afford the gym as energy bills and inflation eat away their budgets July 28, 2022 Almost 1 in 5 Brits can no longer afford fitness services, according to new research shared with City A.M. this afternoon. No longer being able to afford them is the number 1 reason Brits cancel fitness products and services, according to recent research by Myprotein. In a survey of over 2,000 UK adults, Brits were [...]
