Lloyds, HSBC, Barclays and Natwest results show consumer strength amid higher rates April 30, 2024 Barclays, Natwest and Lloyds reported first quarter results last week while HSBC updated investors this morning.
Impact of Bank of England interest rate hikes wanes as mortgage approvals rise April 30, 2024 Bank of England figures showed that net mortgage approvals climbed again to 61,300 in March, slightly above the 60,500 seen in February and roughly in line with economists' expectations.
London rents hit record highs – but price increases are slowing April 30, 2024 Average advertised rents in London are now 5.3 per cent higher than last year, but there are signs that the pace of price increases are slowing, a leading property portal has found.
Why we should be cautious about rising business confidence April 30, 2024 A number of surveys have said that business confidence in the UK is on the up and the economy is set to rebound. But dig a little deeper, the news might not quite be as rosy as it sounds, Chris Dorrell writes
London business confidence falls fast but economy as a whole remains optimistic April 30, 2024 "Businesses are feeling increasingly confident about the economy, coinciding with falling inflation and hopes that interest rates will start to fall this year," Hann-Ju Ho, senior economist at Lloyds said.
Flat owners in London feel the squeeze as service charges balloon April 29, 2024 The average annual service charge on London flats has risen close to 10 per cent over the last 12 months, piling further pressure on cash strapped city dwellers.
Digital pound could make Treasury billions from seigniorage revenue April 29, 2024 "The government looks set to receive a significant windfall from the introduction of a digital pound in the coming years, which doesn’t seem to have yet factored into debates over ‘fiscal headroom’," Simon Youel, author of the research said.
Bank of England to cut interest rates in August before the Fed, economists predict April 28, 2024 The Bank of England is expected start cutting interest rates in August before the US Federal Reserve, a City A.M. poll of top economists has revealed, as inflation edges back down to the government's two per cent target.
Private equity valuations are holding firm in the face of higher rates but can we trust them? April 27, 2024 Private equity valuations have built up a reputation for being overestimated, but is that really the case?
Thames Water faces bondholder pressure amid default fallout April 26, 2024 Following the recent default by Kemble Water Finance, concern has rippled through the ranks of Thames Water's lenders.