UK house prices drop for third month running as coronavirus bites June 5, 2020 UK house prices fell for the third month in a row in May as coronavirus continued to plague the property market, according to a closely watched gauge. However, the drop slowed compared to April. Prices fell 0.2 per cent month on month in May, the Halifax house price index showed. This compared with a 0.6 [...]
Coronavirus: UK car sales suffer worst May performance since 1952 June 4, 2020 UK new car sales crashed 89 per cent last month as car dealerships remained shuttered, marking the industry’s worst May performance since 1952. Only 20,247 new cars were sold over the month — a decline of 163,477 compared to the same month last year, according to new figures from the Society of Motor Manufacturers and [...]
UK house prices tumble at fastest rate since 2009 amid coronavirus June 2, 2020 UK house prices dropped at the fastest rate since the financial crisis in February 2009 last month, figures have shown, as the coronavirus pandemic brought the property market to a standstill. House prices tumbled by 1.7 per cent in May compared to growth of 0.9 per cent a month earlier, according to the closely watched [...]
Trading the covid commodities contango May 26, 2020 In the last 12 years, the oil market has thrice collapsed and twice recovered. But this latest downturn, driven by a covid-tainted drop in demand and a Russo-Saudi price war, has analysts scratching their heads. Can the market rebound from this? The price of US oil turned negative for the first time in history last [...]
Closing the backdoor to EU dumping May 25, 2020 Full sovereignty is fundamental to the UK’s success in the post-Brexit future. For it to be achieved a number of loose ends left by the Brexit withdrawal process must be tied up. This should now be a priority for the future trade deal, so the UK can ensure UK citizens and businesses can compete fairly [...]
Crypto AM: Shines its Spotlight on Electroneum May 19, 2020 Imagine a cryptocurrency for social impact that solves many of the issues the 1.7 billion unbanked people around the world face today. Now envision one with the potential to empower hundreds of millions anywhere with instant access to the global digital economy unlocking for them the opportunity to earn crypto and use it to live [...]
FTSE 100 and US stocks fall on fears of coronavirus second wave May 13, 2020 The FTSE 100 and US stocks have fallen as fears of a second wave of coronavirus infections spook traders and US-China tensions rise over the pandemic. The UK’s blue-chip stock index was 1.2 per cent lower in afternoon trading. This took the FTSE 100 below the 6,000 mark which it passed yesterday for only the [...]
Crypto AM shines its Spotlight on NAYMS May 12, 2020 NAYMS is building the world’s first insurance market that allows Institutional crypto-holders to underwrite cryptocurrency risk. “In 1686, individuals called ‘names’ came together to cover risk of all varieties by pledging capital in return for a yield. The Lloyds of London marketplace was born. It’s now 2020, and NAYMS is bringing together capital markets and [...]
London house market set for £52bn post-lockdown splurge as transactions stall May 11, 2020 London property buyers could be set to splurge £52bn once the lockdown is lifted due to huge pent-up demand as coronavirus brings the market to standstill. The figure represents the potential spend for residential buyers and marks a 20 per cent increase on the same time last year. It comes as the number of lost [...]
Credit card lending fell for the first time in March May 1, 2020 UK consumers’ credit card debt fell for the first time since records began in March, as lockdown measures froze spending. The annual growth rate of credit card lending fell to minus 0.3 per cent, the first negative annual growth since the Bank of England (BoE) started tracking the data. The annual growth rate of other [...]