House prices fell 5.3 per cent – or around £14,500 – in the year to September, according to Nationwide’s latest house price index. The drop has been attributed to higher mortgage rates making buying and moving less affordable for people as a proportion of their monthly earnings. It means house […]
Finance
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At first glance, an 8 per cent savings rate seems like the answer to many savers’ dreams, and something that was unimaginable just one year ago. The flashiest rate on the market at the moment is the 8 per cent on offer from Nationwide’s latest regular saver, which was announced […]
Chinese tourists flock back to UK but spend less at Heathrow outlets By City & Finance Reporter Updated: 23:40 BST, 1 October 2023 Businesses, including Heathrow, say the UK is missing out on spending from Chinese tourists returning to Europe. Hundreds of bosses have urged the Chancellor to re-introduce a […]
Boost for London Stock Exchange as Korean firms set for floats By Francesca Washtell Updated: 16:25 BST, 1 October 2023 The London Stock Exchange is on the brink of securing a series of floats from South Korea, The Mail on Sunday can reveal. A semiconductor maker and a fast-growing chicken […]
Take that, Coutts! Profits soar at arch rival Hoare By Calum Muirhead Updated: 16:26 BST, 1 October 2023 Close ties: Six members of the family – including Venetia Hoare (pictured) – are partners at the bank The country’s oldest privately-owned bank saw its profits rocket last year due to rising interest […]
TONY HETHERINGTON: UPS wrongly charged me import duties on an antique clock I bought in Vienna By Tony Hetherington, Financial Mail on Sunday Updated: 10:56 BST, 1 October 2023 Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and […]
It is impressive enough that Doina Ionescu is one of only two female bosses of major pharmaceutical companies in Britain. She is at the helm of giant German healthcare group Merck in the UK and Ireland and is one of the leading women in the sector, along with Emma Walmsley, […]
There is a part of me (driven by nostalgia) that likes the way some investment trusts cling on to their glorious past with names that in some cases have not changed in more than 150 years. There is another more pragmatic slice of me that says it is time for […]
The average home insurance quote has soared by more than a quarter in the past year – the highest increase seen by insurance expert Consumer Intelligence since it started tracking prices in 2014. A typical homeowner will now spend £329 a year insuring their property, according to the Association of […]
More than two decades after its debut, the Isa (individual savings account) is set for a new look. Jeremy Hunt is expected to unveil plans to ‘glow up’ the tax-free scheme in his Autumn Statement. Currently you can stash £20,000 tax-free in an Isa every tax year. But there could […]
MARKET REPORT: Future is bright for shares in UK publisher By Hugo Duncan Updated: 11:47 BST, 30 September 2023 The latest trading update from magazine publisher Future proved compelling reading for investors as shares in the group soared. The company, whose 250 titles include everything from Marie Claire, Homes and […]
Premium Bonds prize dates for the coming year – find out when your winning number could be coming up for the rest of 2023 and 2024 By Richard Browning Updated: 07:53 BST, 30 September 2023 Every month a couple of people bag a million pounds in the Premium Bonds draw […]
SHARE OF THE WEEK: Tesco set to announce half-year results By City & Finance Reporter Updated: 21:50 BST, 29 September 2023 Customers and shareholders will be keen to hear the latest update from Tesco as supermarkets battle to win over hard-pressed shoppers. Shopping bills are still rising – up 12.2 […]
ALEX BRUMMER: Business drives UK growth By Alex Brummer for the Daily Mail Updated: 21:52 BST, 29 September 2023 Wishful thinking: Chancellor Jeremy Hunt Resilience is becoming an overused word when it comes to the UK economy. Yet in spite of a rising tax burden and 14 hikes in interest […]
Inheritance tax is Britain’s ‘most hated’ levy: But would the Government really axe it? This is Money podcast By This Is Money Updated: 18:13 BST, 29 September 2023 It’s been called the most hated tax in Britain – but only four per cent of people pay it. You could be […]
How much we pay per unit of energy is falling, but daily standing charges are rising – and will soon add more than £300 a year to the average bill for the first time. Most households will see a welcome fall in the price of energy, with the Ofgem cap dropping […]
Qatar takes Severn Trent stake as water group pledges £12.9bn investment plan The plan covers the regulatory period running from April 2025 to March 2030 Most of the investment will be focused on upgrading ‘the ‘natural environment’ Severn Trent said the scheme would create up to 7,000 jobs across the […]
Homeowners raid savings and pensions to pay soaring mortgage bills Mortgage rates are slowly falling, but remain high compared to recent years Many homeowners are pilfering their cash pots to meet higher repayments By Sam Barker Updated: 08:14 BST, 29 September 2023 Homeowners buckling under the weight of soaring mortgage […]
Government borrowing costs soar as inflation fears push up global bond yields By Hugo Duncan Updated: 22:19 BST, 28 September 2023 Growing costs: Chancellor Jeremy Hunt Government borrowing costs soared around the world yesterday as mounting concerns over the global economy wreaked havoc on the bond markets. As investors fretted […]
FCA blasts financial adviser after British Steel pension scandal ‘Dishonest’ financial adviser fined and banned from working in the industry Darren Reynolds was fined £2.2m by the Financial Conduct Authority He ‘duped’ savers into leaving gold-plated retirement schemes By Emily Hawkins Updated: 23:11 BST, 28 September 2023 A ‘dishonest’ financial […]