Best of opinion 2023: Housing special December 22, 2023 Housing was a hot topic in 2023 – prices may have lowered a little (though by less than expected) but punishing mortgage rates and the impact of inflation have squeezed would-be buyers and sparked a mass landlord exodus. Renters’ rates have rocketed, up around 10 per cent year on year. All in all Londoners are [...]
Happening today: Bank of England expected to hold interest rates December 14, 2023 The Bank of England is expected to hold interest rates for the third time in a row, as fresh data has pointed towards potential cracks in the economy. Today, its Monetary Policy Committee (MPC) will meet for the final time this year to vote on interest rates – which help dictate mortgage rates set by [...]
The Notebook: Victoria Scholar on the retail winners this year November 9, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor
Mortgage markets stabilising, reckon OneSavings Bank, as CFO departs November 2, 2023 FTSE 250 OneSavings Bank (OSB) Group announced that its chief financial officer was stepping down after more than 11 years at the bank.
Airline shares have started to slide – is this the end of the great rebound? November 1, 2023 Airline shares have flown high this year after record demand for travel swept across the sector over summer. But cracks are starting to show.
Foxtons: House revenues dip as estate agent pins hopes on autumn rebound October 26, 2023 Foxtons said it expects revenues of home sales to lower than the prior year as it moves into the fourth quarter.
Lloyds rides out end of interest rate spike with bumper profit October 25, 2023 Increasing competition was not enough to stop Lloyds from performing above expectations in the third quarter as the bank continued to benefit from a relatively benign credit environment. In the three months to September, pretax profit hit £1.9bn, more than triple the same period last year and slightly ahead of analyst expectations. Net interest income [...]
FTSE 100 close: London ends week higher after US jobs growth smashes forecasts October 6, 2023 London markets opened higher this morning despite a fall in house prices for the sixth consecutive month in a row.
Chancellor says welfare reforms and AI could help end ‘ever-rising taxes’ September 30, 2023 Chancellor Jeremy Hunt has said welfare reforms and the integration of artificial intelligence into the public sector could be the way to end the “vicious circle of ever-rising taxes”.
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.