Insolvencies jump 18 per cent in October as high rates squeeze firms November 14, 2023 The number of firms going bust in England and Wales has jumped yet again as the higher-for-longer interest rate environment continues to put pressure on businesses and consumers.
Yet another housing minister? It’ll alienate young professionals November 14, 2023 The political churn of ministers is doing nothing to solve the housing crisis, and it's the young who are suffering, writes Henry Hill.
Over £6,000 wiped off average house price in last four weeks November 13, 2023 The average price of a home coming on the market fell by more than £6,000, month-on-month, in November, according to Rightmove.
Klarna hits back at Moody’s over buy now pay later warning November 12, 2023 Klarna has hit back at a Moody's report, saying its characterisation of the riskiness of buy now pay later debt seems to “lack nuance”.
Jeremy Hunt: Inflation is ‘single greatest barrier to growth’ as UK economy flatlines November 10, 2023 Chancellor Hunt is due to give his Autumn statement on 22 November, with business groups saying he should take action to reduce inactivity in the workforce.
UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.
‘Watershed moment’: Nationwide cuts mortgage rates to sub-five per cent – while arrears keep climbing November 9, 2023 Nationwide has launched the first two-year fixed mortgage below five per cent since June as lenders face pressure to offer better deals in a fiercely competitive market.
The Notebook: Victoria Scholar on the retail winners this year November 9, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Co-op Bank reports dip in profits as takeover suitors swirl November 8, 2023 Co-operative Bank has doubled down on its guidance for the year today despite a dip in profits, in a key set of results for the lender as it hunts for a potential buyer.