Forget saving for a mortgage, one in ten renters still rely on food banks March 13, 2024 Around a third of social renters and half of private renters were only in poverty after their housing costs were factored in, suggesting that they were pushed into poverty by the amount they have to spend on housing.
Metro Bank swings to first annual profit since 2018 while slashing 1,000 jobs March 13, 2024 Metro Bank has swung to its first annual profit since 2018 after the branch-focused lender was rescued from potential collapse by a major refinancing package and embarked on a restructuring set to involve 1,000 job cuts.
Mortgage arrears surge 50 per cent to seven-year high as Brits squeezed by higher rates March 12, 2024 The proportion of UK mortgages in arrears rose to its highest level since 2016 at the end of 2023, according to data from the Bank of England, as borrowers are squeezed by high interest rates and household costs.
Love them or hate them, Memecoins are a new paradigm March 11, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets While all eyes are on Bitcoin and the question when, not if, it will break its All-Time-High price, another group of tokens has taken the market by storm: Memecoins. [...]
Berkeley and Persimmon to reveal housebuilder pain of interest rate hikes March 10, 2024 UK housebuilders are set to shed light on the state of the fragile property market amid a number of key updates from firms next week. Shareholders are braced to see accounts for Persimmon, Berkeley and Vistry all show a fall in sales numbers after higher interest rates weighed heavily on activity last year. Interest rates [...]
Metro Bank’s costs in focus as lender embarks on major restructuring March 9, 2024 Investors will be looking for more clues on Metro Bank's revamped strategy next week as the lender prepares to draw a line under a year that saw it rescued from potential collapse.
IWD: There are more FTSE 100 CEOs with these two names than women March 8, 2024 There are more CEOs named Andrew and Simon than female CEOs in the FTSE 100, a new report has revealed on International Women’s Day. With 12 different CEOs called Andrew and Simon, women are outnumbered in the top job in the 100 biggest listed companies in the UK, a report from People Managing People has [...]
Jeremy Hunt admits National Insurance won’t be scrapped ‘any time soon’ March 7, 2024 Jeremy Hunt has admitted scrapping National Insurance (NI) - as he hinted at in Wednesday’s Budget - won’t happen “any time soon”.
Nationwide agrees terms for £2.9bn Virgin Money takeover to create second-largest UK mortgages and savings provider March 7, 2024 Nationwide, the UK’s largest building society, has struck a preliminary agreement to acquire Virgin Money, Britain’s sixth-biggest high street bank, valuing the latter at around £2.9bn.
Spring Budget 2024: Hunt doesn’t rule out May election after £10bn tax cut March 6, 2024 Jeremy Hunt has announced the rate of National Insurance (NI) will be cut by two per cent in the Spring Budget as the government gears up for a rocky general election.