Lenders expect further rise in mortgage defaults in coming months July 11, 2024 UK lenders are expecting a further jump in default rates on home loans in the coming months, according to a Bank of England survey, as mortgage holders face higher refinancing costs.
Max Mara nearly doubles UK profit as ‘extraordinary’ market challenges ease July 11, 2024 The UK arm of luxury womenswear brand Max Mara has almost doubled its pre-tax profit despite what it described as a "highly uncertain" economic backdrop, newly-filed documents have revealed.
Heathrow Airport: Landing charge ruling spells trouble for UK’s biggest hub July 11, 2024 The landing fee has been the subject of a bitter feud between Heathrow and airlines such as Virgin Atlantic in recent years.
Thames Water: London bills to rise by £99 in fresh Ofwat proposals as company placed in ‘turnaround’ regime July 11, 2024 Ofwat, the UK's water regulator, has set out a record £88bn spending package that would see Londoders' bills go up by an average of £99 in the next five years excluding inflation.
Omega: Kitchen maker says slip into the red was ‘outside its control’ July 11, 2024 British kitchen maker Omega has slipped into the red following a year marred by challenges "outside the company's control", according to newly-filed documents.
UK surpasses India as world’s third-largest venture capital market July 11, 2024 The UK has leapfrogged India to become the world's third-biggest venture capital market, new figures show, as analysts forecast a return to growth after a drop-off in investment and dealmaking in recent years.
Hays: Recruiter reports slower job market as fees continue to tumble July 11, 2024 Recruiter Hays has seen an increase in the time it takes its clients to hire, with a sharp decline in its fees reported for the quarter, according to newly-filed documents.
Heathrow faces larger cut in landing fees, regulator says July 11, 2024 The UK aviation regulator has proposed forcing London Heathrow Airport to further reduce the landing fees it can charge airlines over the next two years, following a long-running dispute over prices at Britain's biggest airport.
Economy back on track as GDP beats expectations in May July 11, 2024 Labour has said generating economic growth will be a "national mission".
FTSE 100 today: London markets set to open higher on strong GDP growth data July 11, 2024 Asian markets followed US's rally, with Chinese stocks rising due to new short-selling restrictions. UK GDP, US CPI and Jet2's results eyed.