One in three delay buying new home as high costs and interest rates bite August 14, 2024 The saga of first-time buyers trying to get on the UK housing ladder is long and well documented. High interest rates, rising costs and rents which swallow up more than a third of wages – in some parts of the country – have meant that around one in three people have delayed their purchase of [...]
US inflation dips to three-year low August 14, 2024 US inflation reached its lowest since March 2021 in July, coming in at just 2.9 per cent and further strengthening the case for an interest rate cut from the Federal Reserve. Analysts had expected US inflation in July to come in at three per cent, unchanged from where it had fallen to in June. While [...]
Beachside buying: One in six DIY investors pick portfolios by the pool August 14, 2024 One in six do-it-yourself UK investors are indulging in sun,sand, and stockpicking by managing their portfolios at the poolside, new research has revealed. Some 20 per cent of male investors and 11 per cent of female investors admitted to buying and selling stocks by the pool, according to a 1,000 person study from digital investment [...]
Therese Coffey: Former Tory deputy PM applied for Labour Treasury job August 14, 2024 Former Conservative deputy prime minister Therese Coffey reportedly applied for a senior role in the Treasury under Labour. The ex-MP – who lost her Suffolk Coastal seat at the general election among some 200 Tories who failed to secure re-election – put herself forward for the role of UK director at the European Bank for [...]
Ultimate Products: Russell Hobbs seller hit by overstocking woes August 14, 2024 Consumer goods giant Ultimate Products, which owns Britain’s oldest homeware brand Salter and sells certain Russell Hobbs items under license, has seen its profit dip after supermarket overstocking issues. The London-listed group, which is headquartered in Oldham, reported an adjusted pre-tax profit of £14.5m in the 12 months ending July 30, 2024, down from £16.8m [...]
Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’ August 14, 2024 “A pressure cooker ready to explode” is how one expert has described the current situation in the UK housing market as data showed rents jumped close to 10 per cent in London over the past year. In fresh data released this morning it was revealed that average UK private rents increased by 8.6 per cent [...]
Visa guidelines must be reassessed to avoid ‘another blow’ to UK talent, tech founders warn August 14, 2024 What impact will the new visa guidelines have on business growth in the UK if not reassessed?
‘Untenable’ that average Conservative voter is 63 years old, Mel Stride admits August 14, 2024 The average Conservative voter being 63 years old is “completely untenable,” leadership hopeful Mel Stride has admitted. The shadow work and pensions secretary was asked by Times Radio about a poll which showed three in five people in the UK do not care who the next Conservative leader is. He told the broadcaster: “The way [...]
Can the UK’s stock market produce another £200bn company? August 14, 2024 Seismic events or a shift in valuations are likely necessary for more UK stocks to be worth £200bn, analysts have told City A.M., after Astrazeneca became the first company in six years to pass the milestone.
Rolls-Royce chief’s £40m payday may be justified – here’s why August 14, 2024 The FTSE 100 executive could be set for as much as £40m via a combination of remuneration and the company's soaring share price.
