Consumer confidence hits highest level in two years as UK ‘turns a corner’ April 19, 2024 "The revival in consumer confidence speaks to a wider story of an economy that has turned the corner," Ian Stewart said.
Mortgages are up but don’t get too excited April 19, 2024 What should we read into recent signs of a gradual recovery in the mortgage market? The answer is, it depends. Taking into account distortions caused by the work-from-home exodus from London and the cost of living and it looks like we may simply be returning to precedented times, says Steven MacDonald When it was announced [...]
Coventry Building Society agrees terms to buy Co-op Bank for £780m April 18, 2024 Coventry Building Society has agreed terms to buy The Co-operative Bank for £780m as a wave of consolidation sweeps through the mid-sized banking sector.
Lendinvest: Property fintech ‘cautiously optimistic’ for return to profitability in 2025 April 18, 2024 Property fintech LendInvest has said it expects to report full-year results in line with market expectations and is "cautiously optimistic" for a return to profitability in 2025, as the mortgage market rebounds.
Onesavings Bank chief’s pay slashed by 40 per cent after slump in profit April 16, 2024 The chief executive of Onesavings Bank has seen his remuneration for last year slashed by 40 per cent after the specialist lender posted a slump in annual profit.
Will UK mortgage rates rise even more if US inflation stays hot? April 13, 2024 London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering interest rates. So what does this mean for mortgages?
Falling mortgage rates drive sentiment in property market to a two-year high April 11, 2024 Recovery in the UK housing market is speeding up, according to the Royal Institute of Chartered Surveyors.
FTSE 100 today: London markets to open red as odds of Fed rate cut dwindle after hot US inflation April 11, 2024 Asian markets mirrored Wall Street's slide amid global interest rate concerns. The yen dipped below ¥153 against the dollar, reflecting market unease, while Chinese inflation edged up in March. Investors scaled back expectations for Federal Reserve rate cuts. The focus is on the European Central Bank's policy decision and US producer price data.
Lloyds to cut jobs in risk management after finding it was a ‘blocker’ to transformation progress April 10, 2024 Lloyds Banking Group is preparing to axe roles in its risk management division after finding that it was a "blocker" to the company's transformation strategy.
UK economy: Business output at highest level since May 2022 as recovery continues April 8, 2024 Economic output climbed to its highest level since May 2022 in March, according to the BDO Business Trends report.