Business confidence takes ‘large dive’ in September as budget fears intensify October 1, 2024 Optimism in the economic outlook fell to its lowest level since 2022.
Liz Truss on Reform, Trump and why she would have outdone Rishi Sunak September 30, 2024 Former Prime Minister Liz Truss made just one appearance at the Conservative Party conference this year. But the queue to hear her chat to the Telegraph’s Tim Stanley stretched for some distance. Members told CityAM they were eager to hear her views. And if you missed it, we’ve rounded up the most eye-catching things she [...]
Mortgage approvals hit highest level in two years as housing market recovers September 30, 2024 According to figures from the Bank of England, 64,900 mortgages were approved last month, up from 62,500 in July.
House prices rise at fastest pace in two years September 30, 2024 House prices have risen at their fastest pace in two years as easing mortgage rates shift the UK’s property market back into gear, new figures reveal. House prices across Britain rose by 3.2 per cent year on year in September and 0.7 per cent month on month, according to Nationwide’s house price index. “Mortgage rates [...]
Markets doubt Bank of England’s cautious approach to interest rates September 30, 2024 The Bank of England held interest rates at five per cent last week, having cut rates for the first time since the pandemic back in August.
How private equity swallowed up the UK – and why it’s unsettling regulators September 30, 2024 Private equity has been buying more and more of the UK over the past decade, with thousands of listed or private businesses now snapped up by buyout funds and venture capital investors. Iconic British businesses like Morrisons, Pret A Manger and Asda have been swallowed up by private capital, with deals like the takeover of [...]
Adzuna: UK job-seekers face toughest market in three years September 30, 2024 Tony Wilson, director at the Institute for Employment Studies, said the figures would be a "bit disappointing" for those who had been looking for "greener shoots" in the labour market.
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
Mervyn King warns against government changing way it measures debt September 29, 2024 Mervyn King has warned Rachel Reeves against altering how the government defines its debt in the upcoming Budget, and called for the fiscal rules to be assessed by parliamentary term. Speaking in an interview on BBC Radio Four’s Broadcasting House, the former governor of the Bank of England said that the way the government polices [...]
Harland & Wolff: Titanic shipbuilder calls in administrators September 27, 2024 Historic Titanic shipbuilder Harland and Wolff has called in administrators and said it was preparing to cut jobs today after falling into insolvency for the second time in five years. The administration process is confined to the 162-year-old holding company while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the [...]