Financial
LLOY, OSB, NWG: Stocks to watch amid possible hike in mortgage amount
July 01, 2022 09:37 AM BST| By Priya BhandariHighlights,Property site Zoopla revealed that rising interest rate will add to the cost of mortgage repayments by £2,500 a year.,The average time taken from listing and selling a property has increased from 20 days in March to 22 days in May.,The UK...
LLOY: Is it a good time to enter the stock?
June 30, 2022 09:06 AM BST| By Abhishek SharmaHighlights:,Halifax Bank, a part of Lloyds Banking Group, has halved the deposit rates for new build homes.,This comes as housing rates in the UK have skyrocketed in recent months.,Housing prices in the UK are touching all-time highs, making it tough...
AV., AJB, XPS: Should you go for these pension services stocks?
June 29, 2022 07:08 AM BST| By Abhishek SharmaHighlights:,About 20 million employees participated in a workplace pension in 2021, according to the latest numbers.,The real test remains to be seen as the cost-of-living crisis may force some employees to stop their pension contributions.,Almost ni...
Barclays (LON: BARC) to acquire Kensington Mortgage: Should you buy stock?
June 27, 2022 06:02 AM BST| By Abhishek SharmaHighlights:,Barclays has announced that it will buy Kensington Mortgage Company Ltd. for about £2.3 billion.,With the acquisition, Barclays is aiming to improve its footprint in the mortgage lending sector.,House prices continue to rise despite the c...
HSBA, NWG, LLOY: Stocks to eye as Sunak asks banks to fund the oil & gas sector
June 26, 2022 09:03 AM BST| By Rishika RainaThe windfall tax was implemented on the oil and gas companies last month, aiming to raise £5bn, and channelising these funds towards offsetting the soaring household energy bills.
LLOY, NWG, HSBA: Mortgage stocks to eye amid rising house prices
June 23, 2022 06:20 AM BST| By Abhishek SharmaHighlights:,House prices in the UK rose by 12.4% in April, according to the latest figures from the ONS.,Combined with rising mortgage rates, this has made it more challenging for several buyers to buy their dream house.,House prices in the UK are to...
STAN, BIRG, HSBA: Stocks to watch as experts call for more rate hikes
June 21, 2022 11:30 AM BST| By Priya BhandariHighlights,Amid rising concerns over the UK economy marching towards recession and worse days ahead, the Bank of England (BoE) needs to raise interest rates more aggressively to avoid the fall of the Sterling against the strengthening dollar, policym...
HSBA, NWG: Banking stocks in focus after BoE's interest rate hike
June 17, 2022 07:12 AM BST| By Abhishek SharmaHighlights The Bank of England hiked the interest rates on Thursday by 0.25 percentage points, taking it to a 13-year high of 1.25%. Several lenders had increased their mortgage rates ahead of the central bank's announcement. Homeowners ar.....
Which UK banks are closing branches this year?
June 15, 2022 11:22 AM BST| By Abhishek SharmaSeveral banks and building societies in the UK have shut down a number of branches and ATMs across the country. The lenders claim that people are now transitioning to digital money and online banking, and as a result, fewer customers are physically.....
HSBA, NWG, LLOY: Should you invest in these FTSE-listed banks now?
June 15, 2022 08:28 AM BST| By Rishika RainaUnder the new proposals of the Financial Conduct Authority (FCA), banks and building societies will have to increase their efforts to look at how the reductions to their services, like decreasing the branch opening times, are impacting the customer.....
NWG, OSB, MAB1: Should you consider these mortgage-related stocks?
June 15, 2022 07:55 AM BST| By Abhishek SharmaDespite the high cost of living and skyrocketing prices of houses, new mortgage commitments in the country saw an uptick during the first quarter of 2022, new data has revealed. The data from the Bank of England’s (BoE) mortgage lenders and .....
Lloyds (LON: LLOY) to pay £1,000 bonus to staff: Right time to buy stock?
June 14, 2022 10:25 AM BST| By Abhishek SharmaThe cost-of-living crisis is hitting UK households hard. Especially as offices reopen after the COVID-19 pandemic, employees who have been working from home for two years now have to consider additional expenses. These expenses like gas, which has .....
Can HSBC (LON: HSBA) benefit from Asian spin-off?
June 13, 2022 10:05 AM BST| By Abhishek SharmaHighlights HSBC's biggest investor Ping An is pushing for an Asian spin-off of the lender to boost its profits. A new analysis has suggested that the move will unlock about US$26.5 billion (£22 billion) for the group. British multina.....
BNC, VMUK, NBS: Should you eye these financial stocks now?
June 11, 2022 12:02 AM BST| By Abhishek SharmaHighlights: The UK's largest lenders are no longer 'too big to fail', the Bank of England has said after an assessment to review their preparedness to deal with a financial crisis. The banks will continue to provide essential services to the cu.....
NWG, STAN: Two banking stocks you can check out right now
June 09, 2022 03:27 PM BST| By Abhishek SharmaHighlights Not all European lenders will see equal effects of the interest rate hikes by the central banks, a new survey has claimed. Italy and UK will get the most benefits, while Swiss and Swedish banks may suffer. The Russia-Ukraine con.....
LLOY, HSBA, BARC: Stocks to keep an eye on amid rising mortgage rates
June 09, 2022 03:23 PM BST| By Priya BhandariHighlights The sharply rising inflation and severe cost-of-living crisis are putting intense pressure on the Bank of England (BOE) to raise the interest rate yet again. Lloyds on Wednesday announced an increase in the fixed rates on some of its.....
INVP, MGGT, RSE: Are these stocks a good bet for now?
May 31, 2022 10:31 AM BST| By Priya BhandariA new set of data by Lloyds Bank has stated that sentiments among businesses in the UK have improved in May for the first time in three months since the Russia-Ukraine war started. As per the report released on Tuesday, UK business confidence has i.....
HSBC, NatWest, Lloyds: Should you invest in these banks now?
May 29, 2022 12:02 AM BST| By Rishika RainaHighlights The UK banking sector has delivered a return of 17.5% over the last decade, as compared to the 99.6% return delivered by the FTSE All-Share. With interest rates going up, investors have lately been drifting towards the high-street le.....
AV., BARC, AJB: Should you invest in these pension services stocks?
May 27, 2022 07:14 AM BST| By Abhishek SharmaSkyrocketing energy bills have hit UK households hard. While the government is trying is reduce the pressure to some extent through rebates, they do not seem to be enough for everyone. Several groups, like pensioners having low incomes, are struggl.....
HSBA, NBA, LLOY: Stocks to watch as FCA gets new power to ensure cash
May 19, 2022 10:57 AM BST| By Priya BhandariHighlights The UK government will set out new legislation to protect access to cash for local communities. The Financial Conduct Authority (FCA) will be given new powers over the UK’s largest banking and building societies to give local c.....