The long-term rise in refinancing costs threatens to trigger a surge in sales of buy-to-let properties as the financial and regulatory burden mounts on UK landlords, putting further downward pressure on house prices. Higher mortgage costs have hit leveraged property investors hard this year and many landlords, especially the smaller ones, are struggling with their
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The UK’s top banks on Wednesday agreed to overhaul their handling of account closures and committed to upholding their clients’ “freedom of expression”, as the backlash over NatWest’s treatment of Nigel Farage continued. Senior executives from Barclays, HSBC, Lloyds, NatWest, Santander and Nationwide, were summoned to a meeting with City minister Andrew Griffith after former
Leon Neal | Getty Images News | Getty Images The Securities and Exchange Commission wants corporate America to tell investors more about cybersecurity breaches and what’s being done to fight them. Much more. The SEC is scheduled to vote today on rules that would require public companies to disclose “material” cybesecurity breaches within four days after
Kentucky’s economy remains in overdrive as it continues to rack up record after record. This month the state saw the largest surplus in its history as the general fund budget had a $1.55 billion overage at the end of fiscal 2023. Nearly all of the surplus will go into the commonwealth’s rainy-day fund, bringing it
They’re everywhere, all around us. Many of us pass by them every day, not thinking about what’s up there—or what isn’t. It’s the hundreds if not thousands of landmark skyscrapers and gleaming midlevel high-rises that define the skylines of every major city center in America, as well as those of secondary markets and satellite suburban
They’re everywhere, all around us. Many of us pass by them every day, not thinking about what’s up there…or what isn’t. It’s the hundreds if not thousands of landmark skyscrapers and gleaming midlevel high-rises that define the skylines of every major city center in America, as well as those of secondary markets and satellite suburban
Beyond the impressive entryway with stone pillars and impressive brickwork, the centerpiece of the 5.81-acre property in Bernards Township is a cedar clapboard and fieldstone home. Built in the mid-1700s, the New Jersey estate was once part of a larger farm. It was renovated and expanded on either side to 15 rooms in 2011. The
Colorado State University’s Institute for the Built Environment (IBE) and NAVA Real Estate Development have completed a three-year research study of Lakehouse, the first WELL-Certified multifamily residential community in Colorado. The result: Evidence of enhanced satisfaction and heightened physical and emotional well-being among Lakehouse residents. The multifamily community is a 12-story, 196-unit property in Denver’s
Jameson Lopp has been on the front lines of the battle between technologists and those who want to preserve Bitcoin as it is since the scaling debates of 2015–2017. The topic arouses such passion that many suspect it was a disgruntled Bitcoiner opponent who called down an armed SWAT team to his home, leading him
Receive free Chinese politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese politics & policy news every morning. China has insisted its diplomatic affairs are in an “orderly” state despite the month-long disappearance and sudden removal from office this week of foreign minister and favourite of President
In this article MSFT GOOGL PACW SNAP TMO TDOC Follow your favorite stocksCREATE FREE ACCOUNT Google headquarters in Mountain View, California, US, on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings figures on February 2. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines before the bell. Alphabet
It is very rare for a business leader in a developed democracy to be ousted by the state. Dame Alison Rose, who has stepped down as chief executive of NatWest, joins a select group that includes Tony Hayward of BP, Barclays’ Bob Diamond and Stephen Hester of Royal Bank of Scotland. The office of UK
Dame Alison Rose’s decision to step down as chief executive of NatWest after admitting that she had leaked confidential information about former Ukip leader Nigel Farage would be stunning in itself. But the news is particularly striking given her reputation as a ‘sure touch’ banker who has received plaudits and honours from the government. After
NatWest shareholders have ramped up pressure on chair Sir Howard Davies to step down for mishandling the fallout from the closure of Nigel Farage’s bank account. “He’s clearly not in charge,” said a top-20 investor on Tuesday. “Banking is about trust and confidence. That’s sacrosanct and starts with the tone from the top.” NatWest chief
Bitcoin (BTC) traders braced for classic volatility on July 26 as the United States Federal Reserve interest rate decision dawned. BTC/USD 1-hour chart. Source: TradingView “Let the games begin” for Bitcoin — FOMC day arrives Data from Cointelegraph Markets Pro and TradingView showed BTC price action hovering near $29,200. While barely moving since the start
The torch has been dropped by a new generation. A decade after David Cameron told his party to “get rid of all the green crap”, Rishi Sunak’s Conservatives are again ready to water down their environmentalism. Following a by-election win in Uxbridge attributed to a backlash against the Ulez tax, imposed by London’s Labour mayor
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage rates didn’t move at all last week, and are still sitting near a recent high. With home prices continuing to rise, that pushed more potential homebuyers to the sidelines. Total mortgage application
At a recent health check-up I had a heart-stopping moment. An African-American nurse told me she would probably vote for Donald Trump next year because she felt much better off when he was president. What about the future of US democracy? “I don’t have much time to think about that,” she replied. And Joe Biden’s
The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for the first time in four decades. As interest rates climb, economists say financial conditions are headed back to being more normal. related investing news Stocks,
Matt Moulding’s online retailer THG is in talks to buy London-based business newspaper City AM through a prepack administration. City AM was put up for sale this month by its owners, who were seeking either an investment or a disposal after calling time on their involvement with the 17-year-old news group. However, the most likely
European stocks fell on Wednesday as investors responded to weakness in the luxury sector and awaited the US Federal Reserve’s interest rate decision later in the day. Europe’s region-wide Stoxx 600 fell 0.4 per cent in early trade, reversing gains from the previous session, with France’s Cac 40 the biggest faller, down 1.1 per cent