Mortgage approvals rise as rates cool – but the housing market is not out of woods yet January 4, 2024 According to the latest reading from the Bank of England (BoE) net mortgage approvals for house purchases rose from 47,900 in October to 50,100 in November.
Benno Yung’s Son should Pak a punch January 3, 2024 TWO PROLIFIC course and distance winners Howdeepisyourlove and SON PAK FU are likely to dominate the odds board in the highlight race on the programme; the Class Two Albatross Handicap (2.50pm) over six furlongs. Pundits will have differing views on whether Howdeepisyourlove, placed behind Son Pak Fu on his seasonal effort in November, can reverse [...]
JD Wetherspoon boss Sir Tim Martin: ‘Dry January becoming minor cult’ while pubs struggle January 3, 2024 The boss of JD Wetherspoon, Sir Tim Martin, has said that Dry January is turning into a “minor cult”, as publicans across Britain brace for a slow month of trade. Sir Tim, who fronts the popular budget boozer, told City A.M that people have “always overindulged at Christmas and then tried to compensate in January”. [...]
‘Systemic shocks should be anticipated’: how will the financial system fare in 2024? January 2, 2024 Although interest rates are unlikely to go any higher, risks remain as borrowers will continue to roll off contracts agreed when interest rates were near zero.
The City’s new Sirs and Dames named in the New Year honours 2024 December 30, 2023 Several of the City’s most prominent figures have been awarded peerages in the New Year honours list. Founder of a private taxi and hire company Addison Lee, John Griffin was appointed as Knight bachelor for his services to business and to charity. Stephen Hester, the chair of Easyjet and chair of Nordea was also appointed [...]
Arise Sir Tim Martin as Wetherspoon boss knighted in New Year honours December 30, 2023 Outspoken Wetherspoon founder and boss Tim Martin has been knighted in the New Year honours. The businessman, who was a vocal Brexit supporter during the 2016 referendum campaign, has been recognised for his services to hospitality and culture. He said the news of the knighthood came as a surprise. “It had never been expected, so it came out [...]
IPL Auction: Mitchell Starc lands record £2.34m contract with Kolkata Knight Riders December 19, 2023 Starc will earn more than £2m for a few weeks' work in spring 2024.
Average two-year mortgage rate drops below six per cent in sign pain for borrowers is easing December 8, 2023 The average interest rate for a fixed two-year mortgage has fallen below six per cent for the first time since June. Moneyfacts has reported the average two-year fixed rate is now 5.99 per cent, down from the peak of 6.86 reached in July. Competition among lenders is driving rates lower, noted partner at Knight Frank [...]
Record level of British haulage businesses going bust ‘at a rate unheard of’ November 29, 2023 British haulage businesses going insolvent has jumped over the last two years as the fallout of the UK economy has pushed business to go bust.
Mortgage approvals are up. Does this mean the housing market is finally recovering? November 29, 2023 The number of mortgage approvals ticked up in October, new data has revealed. Is this a sign the housing market is recovering?