Interest rate hikes send 738 real estate investment firms under this year. What does this mean? November 6, 2023 Insolvencies of real estate investment companies have increased 16 per cent in the past 12 months, with up to 738 businesses going under.
New UK growth figures to ‘mark the start of a mild recession’ November 6, 2023 New figures out on Friday are expected to show that the economy contracted in the third quarter, raising the possibility that the UK is already in a recession.
London ‘clearly in depths of a rent crisis’ as 77 per cent of properties see price rise November 3, 2023 The ONS said prices had risen by 10 per cent or more for around one in five properties across England and Wales, but London was by far the worst hit.
FCA spends more than £250,000 on ‘debanking’ inquiry amid Natwest scandal November 2, 2023 The FCA has spent £250,000 on its “debanking” inquiry, as Natwest faces criticism over the closure of Nigel Farage’s Coutts account.
Big Four banks bag extra £6.5bn from past interest rate hikes amid profiteering concerns November 2, 2023 The UK’s four biggest banks have collectively made an extra £6.5bn this year off the back of past interest rate hikes, says new analysis.
Fight against inflation enters new phase after Bank of England holds interest rates again November 2, 2023 The battle against inflation has clearly entered a new phase.
Mortgage markets stabilising, reckon OneSavings Bank, as CFO departs November 2, 2023 FTSE 250 OneSavings Bank (OSB) Group announced that its chief financial officer was stepping down after more than 11 years at the bank.
SMEs crushed by lack of funding as MPs scrutinise lenders on borrowing November 1, 2023 One in ten small and medium-sized businesses (SMEs) that have struggled to access financing eventually folded, according to a survey of 500 business leaders, as MPs scrutinise the sector's lenders.
Can ChatGPT replace a financial adviser? November 1, 2023 A majority of investors would be comfortable with taking investment advice from bot so CityAM decided to quiz ChatGPT on what moves we should be making.
Airline shares have started to slide – is this the end of the great rebound? November 1, 2023 Airline shares have flown high this year after record demand for travel swept across the sector over summer. But cracks are starting to show.