Two-year mortgage rates fall as markets brace for future interest rate cuts September 20, 2024 Two-year mortgage deals are becoming increasingly competitive as rates continue to fall faster than longer-term deals.
Consumer confidence sinks as Brits ‘nervously await’ Budget September 20, 2024 Key future indicators of consumer confidence all sharply fell in September as Brits nervously awaited policy announcements in the Autumn Budget, according to fresh data. GfK’s long-running consumer confidence index fell sharply to -20 in September overall, with all measures – including personal finances, economy and purchase intentions – down month-on-month. “Headline consumer confidence has… [...]
How to empower women to take control of their pensions September 20, 2024 Women’s pension pots are, on average, 40 per cent smaller than men’s by the time they reach, but a few simple steps can help close the gender pension gap, says Camilla Esmund It was Pensions Awareness Week this week, which has hopefully encouraged savers to have a look at their pension pots and consider whether they’re on [...]
Hawkish Bank of England? Don’t be so sure. September 19, 2024 "The economy has been evolving broadly as we expected," Bailey said. "If that continues, we should be able to reduce rates gradually over time".
Bundesliga targets America with Relevent partnership September 19, 2024 It is the latest development in an arms race for fans in a booming US market.
Lloyd’s of London names Treasury veteran Charles Roxburgh as chair September 19, 2024 Lloyd's of London has named Treasury veteran Charles Roxburgh as its next chair, taking over one of the City's most prestigious posts from Bruce Carnegie-Brown.
Silverstone to use dynamic ticket pricing for British Grand Prix F1 weekend September 19, 2024 Tickets for the 2025 British Grand Prix will use the controversial dynamic ticket pricing system that caused fury for Oasis’ fans, Silverstone chiefs have confirmed. The circuit welcomed more than 450,000 fans across the four-day event in 2024 to watch Lewis Hamilton win his last home Grand Prix for Mercedes before his switch to Ferrari. [...]
Bank of England holds interest rates but Andrew Bailey flags further cuts September 19, 2024 The Bank's decision comes after the Fed reduced interest rates by 50 basis points last night, the first cut since the pandemic.
Revolut investor backs Gen Z credit card fintech Yonder September 19, 2024 Credit card start-up Yonder has exceeded a post-money valuation of £100m as it secured another £23.4m in its latest funding round, led by one of the early investors of fintech app Revolut. The credit card rewards firm, which is geared towards millennials and Gen Z consumers, plans to use the latest injection of funding to [...]
Investment trusts celebrate move to reform cost disclosure rules September 19, 2024 The UK has finally exempted investment trusts from complying with cost disclosure requirements that industry experts say could unlock billions in investment. In a statement today, the government and Financial Conduct Authority said regulators would temporarily withdraw the requirements, which campaigners have argued force trusts to ‘double count’ their fees. While this is also the [...]