Miners fearing US rate rise pull down FTSE 100 – London Report November 10, 2015 UTILITIES, the InterContinental Hotels Group and mining companies yesterday weighed on the FTSE 100. The blue-chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world’s largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, after denying rumours of a possible [...]
Easy does it: How to find value in the new normal November 10, 2015 October's relief rally in equity markets should have provided just that – relief. The trouble is that, with positions washed out, sentiment still fragile and macro data still mixed, few participated fully in the move and many simply didn’t believe in it. Many commentators – bullish and bearish alike – appear very happy to [...]
At the close: FTSE 100 taken lower by Glencore and InterContinental Hotels Group November 9, 2015 The FTSE 100 ended Monday's trading session lower, taken down by utility and mining companies as well as InterContinental Hotels Group. The blue chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world's largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, [...]
PwC: Investment in UK-held assets will account for more than half of all investment across Europe November 9, 2015 British banks are leading the way in disposing of unwanted loan portfolios, according to a new report out today from PwC. Analysts from PwC’s portfolio advisory group found that European banks are disposing of unwanted loan portfolios at record rates and performing portfolios are becoming increasing popular, with investment in UK-held assets accounting for more [...]
Halifax house price index: What tightening conditions? House price growth hits its highest since last August November 5, 2015 Year-on-year house price growth hit 9.7 per cent in the three months to October, according Halifax's house price index – its highest since August 2014. Prices rose 2.8 per cent in the three months to October to £205,240, up from £202,931 in September and £186,469 in October last year. But while house price growth may be in rude health, there have been recent concerns about the sector. Yesterday shares in Countrywide, the UK's biggest estate [...]
UK house prices: Persimmon share price falls despite jump in sales November 4, 2015 Are housebuilders finally feeling the heat? FTSE-listed builder Persimmon reported a 12 per cent sales hike in the third quarter this morning – but shares continued to slide after the sector had a spot of bother with a broker yesterday. The figures Sales were 12 per cent higher in the period since it reported its half year results on [...]
Why it’s time to think about remortgaging your house November 4, 2015 Homeowners are currently benefitting from record low interest rates. This is a result of a number of factors, including greater competition in the market, strengthening confidence in the economy, and the Bank of England’s base rate being held at an all-time low. Many seasoned players in the mortgage market may remember watching for the [...]
Nationwide house prices index: UK house prices rise again in October October 29, 2015 Ever feel like you're repeating yourself? House prices have risen again, new figures showed today, with prices rising 3.9 per cent in the year to October, up from 3.8 per cent last year. The Nationwide House Price Index showed the average price has now crept up to £196,807, up from £195,585 this time last year. That's [...]
Fixed rate mortgages growing in popularity as rates begin to rise – Mortgage Advice Bureau October 28, 2015 Fixed mortgage rates are growing in popularity, with 96 per cent of homebuyers opting for such products in September amid rising average rates, according to the latest national mortgage index from the Mortgage Advice Bureau (MAB). The average two year fixed rate rose from 2.68 per cent in August to 2.72 per cent in September, [...]
Remortgage lending figures surge in September over prospect of rate hike October 26, 2015 The number of people remortgaging their properties jumped in September as homeowners rushed to secure record-low rates ahead of a potential interest rate hike next year. The latest figures from property services group LMS reveal that remortgage loans reached 28,686 last month, up 12 per cent from 25,600 in August. This is also a four per cent [...]