Mortgages: Are 100 per cent no deposit loans about to make a comeback? May 9, 2023 One of the UK’s largest building societies is considering launching a no deposit, or 100 per cent loan to value mortgage. Mortgages which do not need a downpayment, or deposit, were phased out after the financial crisis. Although 100 per cent or zero deposit mortgages have been available since 2009, lenders will only offer them [...]
Return to sender: Royal Mail boss ‘set to quit’ after bruising strike battle May 9, 2023 The embattled Simon Thompson's departure from Royal Mail could be announced as soon as this week, according to City sources
Square Mile veteran set to chair medical cannabis company May 8, 2023 Kanabo Group, which creates medical cannabis, is set to announce on Tuesday that Ian Mattioli will become its new non-executive chairman.
Coronation TV ratings: More than the Jubilee, fewer than the Queen’s funeral May 7, 2023 The King’s coronation service at Westminster Abbey was watched by more than 18 million viewers in the UK, provisional figures have shown. The lavish ceremony on Saturday which saw Charles and Camilla crowned was broadcast simultaneously on a range of channels between about 11am and 1pm, including BBC One and Two, ITV and Sky News. [...]
Cabinet minister: Ukraine War and Covid-19 to blame for local election beating May 7, 2023 Culture Secretary Lucy Frazer has blamed heavy Tory losses in the local elections on the pandemic and the Ukraine war. She also noted the Conservative Party had been in power for “a long time”. The Cabinet minister conceded that voters were “frustrated and angry”, but claimed Rishi Sunak was starting to regain the public’s trust. [...]
Ukraine ‘downs Russian hypersonic missile’ May 6, 2023 Ukraine’s air force claims to have downed a Russian hypersonic missile over Kyiv using Patriot defence systems recently acquired from allies. It is the first known time the country has been able to intercept one of Moscow’s most modern missiles. Air force commander Mykola Oleshchuk said on Telegram that the Kinzhal-type ballistic missile was intercepted [...]
Local elections: Labour now largest party of local government – but predicted to fall short of outright Westminster majority May 6, 2023 Labour have said the Tories’ dire local election results marked a “clear rejection” of Rishi Sunak as they became the largest party of local government since 2002. Sir Keir Starmer was celebrating wins in key battlegrounds as an indication his party was on course to win the next general election. The prime minister was under [...]
Are the Conservatives on course to lose the next general election? May 5, 2023 Local election results are seen as a crucial test for governments – and oppositions. They provide parties with a sense of momentum; a narrative about the country’s direction; and vital data for political number crunchers to pore over. One particularly key metric we can extrapolate from them is the estimated national vote share. Not all [...]
FTSE 100: IAG, BP and Shell guide index to cheery morning May 5, 2023 The FTSE 100 put on gains in early trading today, up more than 0.6 per cent an hour into Friday morning. Big gainers were BA-owner IAG, up more than 4 per cent after posting positive first quarter results this morning. And oil majors BP and Shell were also both happily in the green, building off [...]
Local elections: Tories suffer big losses including commuter belt councils Hertsmere, Brentwood, Windsor and Maidenhead May 5, 2023 The Conservatives have been hit by major losses in the local elections – losing over a third of their council seats so far. Losses include key commuter belt councils Hertsmere, Brentwood and Windsor and Maidenhead – which includes former prime minister Theresa May’s constituency. It was prime minister Rishi Sunak’s first significant electoral test since [...]