Natwest calls for stamp duty rebate to fund green home improvements February 1, 2023 The government should offer a rebate on stamp duty to fund energy efficiency plans for new homeowners, argues Natwest.
German inflation bungle takes shine off euro figures as ECB remains committed to aggressive rate hikes February 1, 2023 Inflation in the eurozone fell again last month but experts have warned the drop will not convince the European Central Bank (ECB) to stop hiking interest rates aggressively. The rate of price increases among the group of 19 countries using the euro dropped to 8.5 per cent annually, down from 9.2 per cent, according to [...]
Bitcoin back into green territory as important day for markets looms February 1, 2023 The price of Bitcoin is trading up by a slight margin (0.24%) over 24 hours as it’s another day of wait and see for investors.
Virgin Money has customer boom as higher interest rates benefit Branson’s bank February 1, 2023 Virgin Money’s customer base continued to grow in the first quarter of its financial year as the challenger bank said it expects to benefit from higher interest rates for the remainder of the year. There were around 27,000 new personal current accounts opened in the period, 44 per cent more than last year. This, the [...]
‘Fizz has left the market’: House prices fell by 0.6 per cent in January as average property value plummets February 1, 2023 The average UK house price fell by 0.6 per cent in January, according to Nationwide Building Society. Annual house price growth slowed to 1.1 per cent , from 2.8 per cent in December, and the typical property value is now 3.2 per cent lower than its August peak, the lender said. The average UK house [...]
The Notebook: Neil Bennett on strikes, why public markets matter and the Lehman Trilogy February 1, 2023 When my old friend James Ashton (former City Editor of the – ahem – Evening Standard) told me a few weeks ago that he had become CEO of the Quoted Companies Alliance, I felt like sending him my St Jude pendant, for the patron saint of lost causes. For the quoted company sector has been [...]
Majority of businesses in favour of increased support for asylum seekers wanting to work February 1, 2023 A large majority of UK businesses are in favour of allowing asylum seekers to work after waiting at least six months for their claims to be processed, new figures from the International Rescue Committee (IRC) have revealed. The report, ‘From Harm to Home’, finds nearly 70 per cent of UK business ‘decision makers’ believe the [...]
Could the UK economy outperform the IMF’s dire recession warning? It’ll take a lot of luck February 1, 2023 Britain and the International Monetary Fund (IMF) have a pretty chequered past. Yesterday’s bleak forecasts marked another chapter in the pair’s hate-hate relationship. Yes, the usual barbs that come from ministers of the incumbent government of the day after the lender of last resort’s forecast don’t help. We saw all that yesterday. But, older people [...]
Iwoca hits profits as recession fears boost small firms’ demand for cash February 1, 2023 Fintech lender Iwoca said it hit profitability for the first time last quarter after a surge in demand for borrowing as small businesses were rocked by soaring costs and a looming recession.
Darktrace shares slide to record low after short seller alleges accounting errors January 31, 2023 Darktrace shares crashed to a record low today after a short seller alleged that accounting errors had been made by the British-American cybersecurity firm. New York asset management firm Quintessential Capital Management (QCM) published a damning report today alleging dubious marketing, sales and accounting tactics were used to inflate the company’s value before it was [...]