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.
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.
After record rises, London rent hikes ease off April 15, 2024 Rents on private properties in London showed signs of cooling last month, according to a new report, offering a glimmer of hope for the sector after a torrid year.
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?
Lenders expect higher default rates on mortgages and credit cards in coming months April 11, 2024 British lenders are seeing increasing demand for mortgages and credit card lending but higher default rates, according to an official survey, as households and businesses struggle with elevated borrowing costs.
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.
IMF warns central banks should be wary of leaving interest rates on hold for too long April 8, 2024 In a chapter from its latest World Economic Outlook, the IMF noted that different economies have experienced different effects from higher interest rates.
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.