House prices: Recovery speeds up as more than half of Brits now tap up parents to get on the ladder January 31, 2024 House prices rose 0.7 per cent in January as cooling mortgage rates are continuing to help repair the market, a new report from Nationwide said.
Private investors bail out of UK gilts after mini-budget chaos January 31, 2024 Ownership of UK government bonds (gilts) by private investors have fallen to their lowest level since 1996, dropping 44 per cent in less than three years, according to data from the Office of National Statistics. After peaking in December 2012, ownership of private gilts has been in terminal decline since September 2021. Now, only £3bn [...]
Moving markets: Five things shaping the FTSE 100 today January 31, 2024 Asia markets mirror Wall Street's decline; most AI stocks, including Microsoft, Alphabet, and AMD, tumble; China's January factory activity contracts; attention shifts to Fed and BOE policy meetings.
Mortgage approvals hit six month high in fresh boost for house buyers January 30, 2024 Mortgage approvals rose again last month and climbed to the highest level in six months, in the latest signal that lower borrowing costs are helping aid recovery in the property market. New figures from the Bank of England show the number of buyers receiving a green light grew from 49,300 in November to 50,500 in [...]
Mark Carney backed climate tech company raises £11m in series A January 30, 2024 Climate tech company Cultivo has raised $14m (£11m) in a series A funding round co-led by Massmutual Ventures and Octopus Energy Generation.
HSBC fined £57.4m by Bank of England over historic depositor protection failings January 30, 2024 The regulator said that among its failings, HSBC incorrectly marked 99 per cent of eligible beneficiary deposits as being “ineligible” for protection under the Financial Services Compensation Scheme (FSCS).
High interest rates hurt but they might just be the medicine UK productivity sorely needs January 30, 2024 A post Global Financial Crisis policy of zero interest rates has facilitated investments which deliver poor returns, writes James Sproule Productivity is often seen as the key for sustainable growth. But it is hardly a secret that Britain’s productivity is stuck in the doldrums – and has been so since the Global Financial Crisis (GFC) [...]
Moving markets: Five things shaping the FTSE 100 today January 30, 2024 Asian stocks stand firm in the wake of Wall Street's record highs, while oil prices surge amidst escalating Middle East tensions, shifting investor attention towards the Federal Reserve, Bank of England, and Q4 tech earnings.
Wetherspoon’s pubs are more than drinking dens – they’re cultural glue in a world without much of it January 29, 2024 Come for the prices, stay for the history: in many of Britain’s towns, “Spoons” has become the chief steward of civic heritage, writes Adam Hawksbee
Where to watch the Six Nations: Bars and restaurants in London January 29, 2024 five places to watch the Six Nations that offer big screens, cold beer, bookings, and food worth cheering about.