News

News

MPC’s dovish approach hits pound, helps housing stocks

The Bank of England's unexpectedly dovish approach to interest rates this morning had a knock-on effect on the stock markets and the strength of the...
bank of england

Interest rates to stay at record 0.5% low

The Monetary Policy Committee have voted to keep interest rates at their record low of 0.5%, by a majority of 8-1 with Ian McCafferty...

RBS finish pricing CoCo bonds

Royal Bank of Scotland (LON:RBS) has announced that it has completed the pricing of two issues of contingent convertible bonds, or CoCos. The bonds were...
bank of england

FTSE weak before Bank of England announcement

The FTSE 100 is weak this morning as the city prepares for a slew of announcements by Mark Carney at midday today. Today is being...

George Osborne has lost the tax payer £103 million, in one...

Shares in RBS are trading at 347p. George Osborne has lost the tax payer £103 million in one day by selling RBS at 330p to...
gdp

UK house prices rise, according to Nationwide

UK house prices have risen 3.5% over the last year, taking the cost of the average home to a record high of £195,621. Official figures...

Government sells off 5.4% of RBS stake

The government has begun its sell-off of shares in Royal Bank of Scotland (LON:RBS), taking their 79% stake to just below 73%. The shares were...
hsbc

HSBC profits rise, driven by success in Asia

HSBC (LON:HSBA) reported positive half yearly earnings this morning, with a pre-tax profit of $13.6 billion, up 10% on a year ago. Figures were driven...

UBS trader convicted for rigging Libor rates

City trader Tom Hayes has been found guilty by a jury of rigging Libor rates, in a scandal that shook the industry. Tom Hayes has been found...
bank of england

Bank of England announce inflation forecasts on ‘Super Thursday’

Mark Carney is set to announce the Bank of England's inflation forecasts in a press conference on Thursday, giving way to speculation that an interest...