More London mansions up for sale as billionaires go bankrupt February 12, 2024 A Kensington mansion has become the capital's latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts.
Two-year mortgage rates have biggest monthly drop since 2022 as Santander is latest to cut February 12, 2024 Average two-year fixed mortgage rates have seen their biggest monthly drop since December 2022, according to a financial information website, despite mounting economic pressure squeezing lenders' margins.
Natwest’s margins in focus as lender gears up for year of big changes February 12, 2024 Natwest looks to shrug off the turmoil of the recent debanking saga and prepares to sell its government-owned shares to the public.
Sunak promises tax cuts and tells doubters he is ‘totally up for the fight’ February 10, 2024 Hard work should be rewarded with tax cuts, Rishi Sunak has said, telling critics who doubt he can turn his party around that he is “totally up for the fight”.
FTSE 100 close: London closes another disappointing week in the red February 9, 2024 Shares in Tesco climbed after Barclays confirmed that it was buying the supermarket's retail banking arm for around £600m.
Meet the man who ditched the Tories to drive Labour’s business offensive February 9, 2024 The Conservative party has “trashed” its reputation for “fiscal coherence” and sacrificed its standing as the party of business, a former business adviser to Boris Johnson has claimed.
Bellway optimistic on housing market despite slump in revenue and completions February 9, 2024 Bellway Homes is hoping the UK housing market will support a "recovery" year for its operations
Mortgage arrears rose by a quarter in a year as higher interest rates bite February 8, 2024 According to the latest UK Finance figures, homeowner mortgages in arrears increased seven per cent on the previous quarter.
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
‘Barratt Redrow’ merger to highlight investors’ skewed opinions on UK housing market February 7, 2024 Shares in major FTSE 100 and 250 housebuilders suffered a mixed day so far on the London market, as Barratt Developments' surprise £2.5bn megamerger with Redrow highlighted investors' skewed opinions on the state of UK housing.