The impact of higher interest rates waned further in March with a sixth consecutive increase in mortgage approvals and greater consumer borrowing, new data shows. Bank of England figures showed …
Estate Planning
Losses balloon to £44m at Daily Mail, Mail on Sunday and The i
Associated Newspapers, owner of the Daily Mail, Mail on Sunday, and The i, made a loss of over £44m last year due to lower revenues and increased printing costs. Associated …
Meta to face £2.2bn class action after failing to overturn approval
Tech giant Meta is set to face a £2.2bn class action suit over allegations it abused its dominant market position by imposing unfair terms after a tribunal threw out its …
German recovery helps eurozone escape shallow recession
The eurozone grew faster than expected in the first quarter 2024 thanks to a recovery in Germany, bringing a shallow recession to an end. According to figures released this morning …
‘Boomerang’ Londoners return to a city ‘on the brink of reinvention’
According to the latest City Pulse report by Gensler, Londoners who left during the pandemic have started to return in greater numbers as the city’s efforts to reinvent itself post-pandemic …
Police arrest man in ‘critical incident’ by Hainault station after ‘sword’ attacks
Police are responding to a ‘critical incident’ in Hainault and have arrested one man, after reports of multiple attacks by a ‘sword’-wielding suspect. Footage circulating on social media showed police …
Glencore expects strong year from trading arm but reports lower copper output
Glencore has kept its full-year guidance unchanged despite a two per cent fall in copper production and a 37 per cent fall in cobalt production in the first quarter of 2024. …
Frasers acquires parts of Matchesfashion out of administration – but jobs not in deal
Frasers Group has acquired parts of Matchesfashion out of administration in a deal which does not include its stock or its hundreds of employees. Frasers – which in December bought …
Gladman Homes founder increases investment in Henry Boot
The founder of one of the UK’s most active land promoters has further increased his stake in property developer Henry Boot. David Gladman, who is estimated to be worth more …
Santander UK profit slides amid mortgage price war and rate cut expectations
Santander UK has reported a 29 per cent slump in profit as the boost from higher interest rates fades and a fiercely competitive mortgage market forces it to offer better …