Financial

Pension stocks to look at in December
November 30, 2022 11:30 PM AEDT| By Abhishek SharmaHighlights:,The DWP has paid just a little over £200 million out of £1.5 billion it owed to pensioners.,A formal review into the pension scandal was launched last January.,Hundreds of thousands of older people have been let down by the Department of...

Mortgage approvals hit lowest since June 2020: Stocks to watch
November 30, 2022 12:27 AM AEDT| By Abhishek SharmaHighlights:,Latest data from the Bank of England has shown that mortgage approvals last month dropped by 10%.,This is the lowest number of approvals by British lenders since June 2020,The housing sector has been one of the most impacted sectors after...

Three pension stocks to explore in December
November 24, 2022 10:10 PM AEDT| By Abhishek SharmaHighlights:,Several pension experts in Britain were shocked to see the "hidden" borrowing across the pension schemes.,As a result, cash-strapped pension trustees were forced to sell their holdings, eventually decreasing the bond value.,After the mini...

Stocks to consider as mortgage rate slips below 6%
November 23, 2022 12:40 AM AEDT| By Abhishek SharmaHighlights:,Mortgage rates have been falling since Rishi Sunak took the country's top job.,Average five-year fixed-rate deals have now slipped below 6% for the first time in seven weeks.,Ever since Rishi Sunak took charge as the prime minister, finan...

Mortgage-related stocks to consider amid rising inflation
November 17, 2022 01:22 AM AEDT| By Abhishek SharmaHighlights:,Mortgage rates have stabilised after Rishi Sunak became the PM, but rising inflation is expected to push them up once again.,The Bank of England is likely to raise interest rates to control inflation, which will lead to higher EMIs for ho...

4 Banking stocks to watch out for amid recession fears
November 12, 2022 09:00 PM AEDT| By Rishika RainaIn order to cover the loan losses in their latest trading updates, funds worth £1.3 billion have been set aside by the leading UK banks

FTSE 100 stocks to look at amid falling investment platform asset value
November 11, 2022 12:49 AM AEDT| By Abhishek SharmaHighlights:,British investment platforms are witnessing a decline in the value of customer assets.,This is a reversal from the buoyant last year when people utilised their savings accumulated during pandemic-related lockdowns.,Fears of recession, tur...

Stocks to watch amid expectations of a pension age hike
November 10, 2022 11:46 PM AEDT| By Rishika RainaThe UK is reportedly planning to announce a raise in the state pension and welfare payments as a part of next week's budget announcements.

Mortgage rates may spike again after BoE's rate hike: Stocks to watch
November 04, 2022 12:15 AM AEDT| By Abhishek SharmaHighlights:,The Bank of England has hiked interest rates to 3%, pushing them to 33-year high.,A hike in interest means higher mortgage rates, as the latter is directly dependent on the former.,Ever since the Bank of England (BoE) started raising the...

Stocks to watch as mortgage approvals plunge
November 01, 2022 10:32 PM AEDT| By Rishika RainaAs the Bank of England (BoE) intends to lift the interest rates, borrowing is becoming more costly in the UK.

Banks' profits fall despite rising interest, mortgage rates
October 29, 2022 10:00 PM AEDT| By Abhishek SharmaHighlights:,Interest and mortgage rates are rising, but the profits of LSE-listed lenders aren't going up despite higher revenue.,Banks are anticipating more loan and mortgage defaults due to economic pressures.,British banks have been in focus amid...

Two FTSE-listed lenders to check out in November
October 27, 2022 05:30 PM AEDT| By Abhishek SharmaHighlights:,Mortgage rates have started to come down after Rishi Sunak became the UK PM.,The rates saw a steep rise since the previous chancellor Kwasi Kwarteng’s mini-budget in September.,Just a day after Rishi Sunak took over as the new prime minis...

Mortgage stocks to watch with the arrival of the new PM
October 26, 2022 11:40 PM AEDT| By Rishika Raina• With Sunak's arrival, the lenders' costs for financing the mortgage deals have dropped.

Borrowing costs recover as Rishi Sunk slashes spending
October 26, 2022 08:02 PM AEDT| By Rishika Raina• As Sunak pledged to bring stability to the economy and confidence as one of the key agendas of his government, the Sterling went up, and 30-year bond yields dropped swiftly.

Which insurance stocks can investors look at now?
October 21, 2022 07:37 PM AEDT| By Abhishek SharmaHighlights:,The average insurance cost has jumped about 14% in the past one year.,On average, over 40% of drivers said that they saw a rise of £38 in the renewal quote in the past quarter.,Car insurance premiums in the UK are witnessing the biggest y...

3 banking stocks to watch as lenders brace for windfall tax
October 20, 2022 01:00 AM AEDT| By Abhishek SharmaHighlights:,With chancellor Jeremy Hunt working to plug the hole in public finances, banks may have to face a windfall tax, according to reports.,One report has also claimed that Hunt is due to announce major taxes during his 31 October fiscal statem...

Mortgage lenders hike rates despite Hunt's tax reversals
October 19, 2022 10:17 PM AEDT| By Abhishek SharmaHighlights:,Lenders have continued to hike mortgage rates in anticipation of aggressive rate hikes by the Bank of England.,Following chancellor Jeremy Hunt's reversals of a majority of tax cuts, there were hopes that mortgage rate hikes may ease.,In...

Companies prevented from joining the consumer investment market
October 19, 2022 04:21 PM AEDT| By Rishika Raina• Last year, more than 1,800 consumer alerts regarding illegal companies or individuals were released by the FCA.

Mortgage crisis may rise in coming months: BoE warns
October 13, 2022 07:51 PM AEDT| By Abhishek SharmaHighlights:,The central bank has warned that amid the rise in interest rates and living costs, the mortgage crisis may aggravate further in the coming months.,It added that the situation is presently better than it was before the 2008 financial crisi...

Stocks to watch as UK mortgage rates hit the roof
October 10, 2022 09:08 PM AEDT| By Rishika RainaThe Bank of England has been consistently raising its base rate, which impacts all kinds of loans and mortgages in the UK.
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