Copper prices set to surge this year as China reopens January 22, 2023 Copper prices could boom this year, with China loosening its stringent zero-Covid policies – boosting demand for the orange metal.
How to get a foot on the property ladder in London – and you don’t need to skip avocado on toast if you don’t want to January 21, 2023 Buying your first home is a dwindling dream for many young Londoners; a dream not helped by commentators who blame millenial’s spending habits for their inability to put together a deposit o five per cent or more of the property’s value. A Netflix subscription or an ‘overconsumption’ of avocado on toast, or even the odd [...]
Close Brothers share price falls as sets aside £90m for legal loans January 20, 2023 Close Brothers will set aside an additional £90m in its 2023 financial statements against bad loans from legal-finance specialist Novitas Loans. Close Brothers acquired Novitas in 2017. In 2021 Close Brothers ceased approval of new loans from Novitas and let existing loans run off. In a statement today, the merchant banking group said Novitas was [...]
House price sentiment at its weakest in 13 years, as fears of recession blight market January 19, 2023 House prices continued to fall towards the end of 2022, according to the Royal Institution of Chartered Surveyors (Rics). The Rics house price balance fell to -42 in December compared to -26 in November, and meant that 42 per cent of surveyors who took part in the survey noted a fall rather than a rise [...]
Explainer-in-brief: A crisis of affordability stretching to social housing January 18, 2023 Why on earth is housing so expensive in this country? This is a question that everyone in the rental market – especially in London – has asked themselves more than once. In both the private and social sectors, rent is the highest it’s been for decades as a share of tenants’ income. Understanding how we’ve [...]
London still has hottest property prices in the UK, but house inflation in the capital is cooling January 18, 2023 London continues to have the highest house prices in the country, with the average UK house price increasing by more than 10 per cent in the year to November, according to new data released today. The latest figures from the Office for National Statistics (ONS) show that house prices went up across the nation by [...]
Carbon Offsets vs Carbon Credits January 18, 2023 Carbon carbon carbon… if you don’t know what it is, I can only imagine you’ve been hibernating under a rock since dinosaurs roamed the Earth, and what is now coal was once trees. It’s a hot topic of conversation, just like our current climate, and the increasing number of heatwaves in the UK and across [...]
UK law firms plunged into bankruptcy by soaring insurance premiums January 17, 2023 Dozens of UK law firms have collapsed into bankruptcy over the last year due to being unable to obtain the insurance policies they need to continue operating, new research shows. The rising cost of taking out professional indemnity insurance (PII) policies – that cover any losses arising from negligent services – caused nine UK [...]
Uncertainty around China’s reopening weighs on Rio Tinto’s expectations January 17, 2023 China's reopening from pandemic restrictions risks labour and supply-chain shortages, warned Anglo-Australian miner Rio Tinto.
LendInvest: Property fintech brings Lloyds funding deal to £300m for mortgage market push January 17, 2023 LendInvest has secured a new £120m funding boost from Lloyds Bank today as it prepares a push into the UK’s £1.2tn homeowner mortgage market for the first time. The London-listed property fintech firm said Lloyds had now offered up a credit facility worth £300m after striking a deal for an initial £180m in October to [...]