HSBC, Barclays, Lloyds: Lenders bank on interest rate cut as mortgage ‘price war’ heats up April 17, 2025 Top UK lenders are offering more mortgages to prospective house buyers, the Bank of England has revealed, as falling interest rates stir up a “price war” on the high street. The Bank’s credit conditions survey revealed that the burgeoning supply of mortgages would come against a levelling off in demand in the three months to [...]
ECB cuts interest rates as Trump’s tariffs bring ‘exceptional uncertainty’ April 17, 2025 The European Central Bank (ECB) cut interest rates by a quarter point in what was the first decision from a major central bank since President Donald Trump announced sweeping tariffs in a historic speech earlier this month. The all-out global trade war, which has seen the likes of China retaliate with heavy tariffs on the [...]
Can Mario rescue Nintendo from Switch 2 pricing backlash? April 17, 2025 Forget Princess Peach, it's Nintendo that might need rescuing as it battles tariffs, inflation and its Switch 2 pricing backlash.
Jobs market saw March boost ahead of ‘Awful April’ April 17, 2025 Job postings steadily increased in March in signs that employers have built some resilience ahead of tax hikes and sweeping cost rises in what has been labelled ’Awful April’. Active job postings grew by 3.3 per cent compared to the month before as London saw the second highest increase across the country, according to the [...]
‘I used to hand the paper out at 6am every day’: City AM CEO Harry Owen on launching a freesheet 20 years ago April 17, 2025 We dig into the memory bank of the City’s great and good. Today, it’s City AM’s own CEO Harry Owen, who tells us about his career launching restaurants and freesheets.
Investors set to sell off US stocks at record high levels April 16, 2025 Investors are set to cut their exposure to US stocks to record high levels as global growth expectations have fallen to 30-year lows this month. A net 82 per cent of investors expect the global economy to weaken, down from 44 per cent in March, according to the most recent Bank of America global fund [...]
Analysts ‘bullish’ on UK fintech Wise despite tariff threat April 16, 2025 Wise’s trading update left analysts with a “bullish outlook” on the money transfer firm, but they warned of a tariffs threat. The UK fintech pocketed £350m in underlying income for the fourth quarter – a 13 per cent jump year-on-year. International payments bolstered the firm’s intake, soaring 28 per cent to £39.1bn. This offset a [...]
House prices flat but ‘only a matter of time’ before market acceleration April 16, 2025 House prices were unchanged in February, but market experts have said prices will rise later in the year as mortgage rates fall. The average UK house price remained at £268,000 in February, flat month on month but up 5.4 per cent year on year, according to the ONS. Growth was driven by higher prices in [...]
Bunzl shares plunge after FTSE 100 giant cuts forecast April 16, 2025 Bunzl shares plunged 23 per cent in early deals on Wednesday after the FTSE 100 giant cut its 2025 guidance following a tough first quarter. This was driven by softer-than-expected revenue growth in the UK and Ireland and margin pressure in its largest North American business, which weighed on performance. The distribution titan said revenue [...]
Inflation eases in March amid looming Bank decision April 16, 2025 Inflation remained stubbornly high at 2.6 per cent in March, official data has shown, leaving Bank of England policymakers with a difficult decision to make on interest rates early next month. The year-on-year increase in consumer price inflation (CPI) was lower than the 2.7 per cent figure forecast in a Bloomberg poll of economists. The [...]