Mortgage and remortgage approvals fall as higher interest rates hits property market September 29, 2023 New mortgage approvals fell to the lowest level in six months while approvals for remortgaging plummeted as rising interest rates dented the mortgage market.
FTSE 100 close: London markets rise while pound rebounds after GDP revision September 29, 2023 London markets closed the week with a spring in their step as revisions to UK GDP figures were enough to send equities higher while the pound also strengthened.
Current parliament will mark permanent shift to higher tax economy, says IFS September 29, 2023 The current parliament marks a "decisive and permanent shift" to a higher-tax economy, experts at the Institute for Fiscal Studies said.
Insurance is the city’s backbone – and it’s got people at its heart September 28, 2023 | Sponsored It’s been a dynamic market over the past year,” says Jack Snowden head of the global reinsurance clients team in London for Aon’s reinsurance solutions, with the look of a man who has used words other than ‘dynamic’ to describe itto friends. Over the past year or more, the reinsurance industry has embarked on an [...]
US growth remains at 2.1 per cent in second quarter while jobless claims tick up September 28, 2023 The US economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market.
London closing in on New York despite bruising few months for the City, report suggests September 28, 2023 London is closing in on New York as a financial centre despite a bruising few months in which firms have ditched the City for the Big Apple, a new survey has suggested.
UK dealmaking almost halves to 14-year low amid interest rate pain September 28, 2023 Dealmaking in the UK has cratered to a 14 year low this year as rising interest rates and swinging prices scupper takeovers.
426,000 first-time buyers could vanish from property ladder by 2027 September 28, 2023 As many as 426,000 fewer first-time buyers in England could get on the property ladder between this year and 2027 compared with the long-term average, a building society predicts. Leeds Building Society, in partnership with specialist advisers WPI Strategy, analysed first-time buyer affordability between 1982 and 2022, and how the challenges of buying a first [...]
FTSE 100 close: London’s bluechip index climbs into green as oil continues upward march to $100 September 28, 2023 BP and Shell both recorded gains as oil prices climbed to around $97.
CMA could put Hotpoint-Beko tie-up on ice over competition concerns September 28, 2023 A planned tie-up between the electrical and white goods giants behind Hotpoint and Beko in Europe could reduce choice and increase prices for UK consumers, Britain’s competition watchdog has warned. The Competition and Markets Authority (CMA) said it found competition concerns surrounding Turkish firm Arcelik’s takeover of Whirlpool’s European domestic appliances business. The regulator said [...]
