Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.
More London mansions up for sale as billionaires go bankrupt February 12, 2024 A Kensington mansion has become the capital's latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts.
Two-year mortgage rates have biggest monthly drop since 2022 as Santander is latest to cut February 12, 2024 Average two-year fixed mortgage rates have seen their biggest monthly drop since December 2022, according to a financial information website, despite mounting economic pressure squeezing lenders' margins.
Pay growth to ease for first time since Covid in ‘key moment for labour market’ February 12, 2024 Jon Boys, senior labour market economist for the CIPD, said "this feels like a key moment in the UK labour market".
Natwest’s margins in focus as lender gears up for year of big changes February 12, 2024 Natwest looks to shrug off the turmoil of the recent debanking saga and prepares to sell its government-owned shares to the public.
Winter recession to be confirmed for UK economy – but experts are upbeat about 2024 February 12, 2024 New figures are likely to confirm that the UK economy fell into a shallow recession in the second half of last year, but experts are hopeful that 2024 will be a better year.
Bank of England to start cutting interest rates in May with inflation on its way to target February 12, 2024 Andrew Bailey, the Bank's governor, noted the "good news" on inflation while Huw Pill, the Bank's chief economist, suggested rate cuts were a "when rather than an if".
The UK currently wears the fintech crown – but complacency will quickly lose it February 12, 2024 The UK's fintech scene is thriving now, but that doesn't mean we can afford to rest on our laurels, writes Kelly Devine.
Fujitsu received £3.4bn from Treasury-linked deals February 11, 2024 Fujitsu is set to have received more than £3.4bn through contracts running with Treasury-linked organisations since 2019 despite its role in the Post Office scandal, MPs have found. Around £1.4bn worth of deals have been awarded since the High Court ruled that there had been numerous bugs and errors in its Horizon software. More than [...]
Inflation set to rise again in January but experts say increase is just ‘a bump in the road’ February 10, 2024 Both City experts and the Bank of England think that headline inflation will rise to around 4.1 per cent in January, having already posted a surprise rise to four per cent in December.