Liz Truss admits she should have met Andrew Bailey while in No10 April 21, 2024 Liz Truss has admitted she should have met with Andrew Bailey while she was in No10.
Lloyds, HSBC, Barclays and Natwest set to report lower profits – but doubts over rate cuts could lift lenders April 20, 2024 The UK's biggest banks are set to report lower profits and narrower margins in the coming weeks as the interest rate tailwind which pushed their earnings to a record high last year dies down.
Answer to Britain’s housing crisis? Labour announces plan to build on ‘grey belt’ land April 19, 2024 Labour have set out plans for a housebuilding drive on so-called ‘grey belt’ land in an effort to address the housing crisis.
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.
Foxtons: ‘Value of homes under offer best since Brexit’ April 18, 2024 Estate agent Foxtons said improved market conditions helped drive housing sales revenue by 17 per cent in the first quarter of the year, with the value of homes under offer the best since Brexit.
House prices fall as rents skyrocket by 9.2 per cent and outstrip wages April 17, 2024 UK house prices fell by the least in eight months when the figure edged down by 0.2 per cent on an annual basis in February, against a 1.3 per cent decline in the previous month, the latest reading from the ONS has found.
Nationwide and Virgin Money face mounting opposition to £2.9bn merger April 16, 2024 Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.