Virgin Money warns of more job cuts to come after dropping 150 staff as it slashes costs February 6, 2024 Virgin Money warned of further cost-cutting and layoffs to come today after slashing its headcount in the first quarter of the year.
Three-quarters of HR leaders say cost of living pressures impact staff performance February 3, 2024 Research has found that 74 per cent of HR leaders fear the cost of living crisis is affecting employee performance.
TSB Bank proposes £120m payout for owner as it sees record profits February 1, 2024 TSB Bank has recommended a £120m award to its Spanish parent company as it reported a jump in annual profits on the back of high interest rates, despite a rise in impairments amid “economic uncertainty”.
Banks facing squeezed margins? ‘Fetch me a smaller violin’, Treasury committee chair says February 1, 2024 Following pressure from the Treasury Committee, the Financial Conduct Authority (FCA) intervened over the summer, prompting high street banks to offer better rates. All over? Not exactly.
Santander UK rides out interest rate peak but expects further mortgage weakness January 31, 2024 High street lender Santander UK has reported a jump in annual profits as it rode out the end of an interest rate spike, while weakness continued in the mortgage market.
House prices: Recovery speeds up as more than half of Brits now tap up parents to get on the ladder January 31, 2024 House prices rose 0.7 per cent in January as cooling mortgage rates are continuing to help repair the market, a new report from Nationwide said.
Mortgage approvals hit six month high in fresh boost for house buyers January 30, 2024 Mortgage approvals rose again last month and climbed to the highest level in six months, in the latest signal that lower borrowing costs are helping aid recovery in the property market. New figures from the Bank of England show the number of buyers receiving a green light grew from 49,300 in November to 50,500 in [...]
London house prices: Best time to buy since 2016, experts say, but it won’t last January 29, 2024 House prices in London are more affordable but the capital has been warned not to “get carried away” amid a frenzy of mortgage rates cuts.
Staggering 90 per cent of £500k-a-year professionals denied a mortgage January 29, 2024 UK corporate high-flyers making more than half a million pounds per year are being rejected for mortgages, a new report has found.
Mortgage rates war: As sub-four deals appear on the market, how low will they go? January 27, 2024 Britain's mortgage price war has shown signs of slowing as macroeconomic uncertainty casts doubt on the outlook for interest rate cuts and a wider rebound.