Financial

Mortgage stocks to watch as house sales plunge
September 24, 2022 07:00 PM AEST| By Rishika RainaFollowing Thursday’s rate hike, an average buyer getting a £300,000 home with a £280,000 mortgage would have to pay £65 additionally per month.

Stocks to watch as Treasury considers scrapping bankers’ bonus cap
September 15, 2022 08:55 PM AEST| By Rishika RainaIt has been quite some time since City bosses have been complaining about the bonus rules.

Amid rising interest rates, mortgage lending falls: Stocks in focus
August 30, 2022 11:26 PM AEST| By Abhishek SharmaHighlights:,With the Bank of England raising interest rates for six months in a row, mortgage lending saw a slight decline in July.,The fall hints at people postponing their plans to buy a property due to the high mortgage rates.,The Bank of England...

Banking stocks to eye as lenders offer up to £175 to lure new customers
August 24, 2022 05:43 PM AEST| By Abhishek SharmaHighlights:,To attract more customers, high street banks are offering up to £175 to people for switching their current accounts.,This comes as people are struggling with the high cost of living and looking for ways to save more money.,The,cost-of-liv...

Key UK mortgage rate surpasses 4%: Which stocks to consider now?
August 23, 2022 06:23 PM AEST| By Abhishek SharmaHighlights:,The Bank of England has been raising interest rates to bring inflation control.,However, lenders are raising their mortgage rates faster than the central bank is hiking the interest rates.,The Bank of England (BoE) has been,raising the in...

Do BARC, HSBA, NWG deserve a spot on your watchlist?
August 18, 2022 08:43 PM AEST| By Abhishek SharmaHighlights:,Amid the cost of living crisis, a huge number of Brits availed the Buy Now Pay Later credit system last year.,The usage was more prominent in the 34-44 age group, the latest data from UK Finance shows.,The,cost-of-living crisis,has taken...

Credit card frauds rising in UK: Which stocks can you look at?
August 17, 2022 06:29 PM AEST| By Abhishek SharmaHighlights:,Fraudsters are finding new ways to commit scams, leading to a rise in financial crimes.,The UK now stands second in Europe in terms of the money lost in credit card frauds.,Consumer habits have changed since the COVID-19 pandemic forced p...

Stocks to watch as student loan interest rates fall again
August 10, 2022 09:35 PM AEST| By Rishika RainaReducing interest rates might not help the current students coming from poorer households.

HSBA, NWG, LLOY: Stocks to eye amid rising credit cards interest rates
August 10, 2022 09:24 PM AEST| By Abhishek SharmaHighlights:,Credit card interest rates have reached the highest levels in 24 years, as per comparison site Freedom Finance.,This comes after a series of interest rate hikes from the Bank of England to curb inflation.,Rising,inflation,and the cost of...

BARC, NWG, LLOY: Stocks to watch as BoE scraps mortgage affordability test
August 02, 2022 06:17 PM AEST| By Priya BhandariHighlights,Getting approved for a mortgage could become easier for thousands of borrowers as the BoE has scrapped the key mortgage affordability stress test from August 1.,Most lenders will use the income multiple to estimate how much they are willin...

Which FTSE-listed banks saw significant profits in Q2, H1?
July 29, 2022 10:52 PM AEST| By Abhishek SharmaHighlights:,Major FTSE banks like Standard Chartered and Lloyds have reported their results this week.,The numbers come amid record-high inflation and rising interest rates.,This has been a big week for the UK stock market as several companies have r...

BARC, AJB, XPS: 3 FTSE-listed pension stocks to explore right now
July 26, 2022 11:18 PM AEST| By Abhishek SharmaHighlights:,The DWP has sought consultations on new measures that would improve the protection of members of DB schemes.,The proposed measures make it mandatory to set out long-term plans for these schemes in funding and investment strategy.,More tha...

AV., PRU, ADM: Shares to look at amid rising insurance fraud
July 26, 2022 09:00 PM AEST| By Abhishek SharmaHighlights:,Insurance fraud in the UK is rising amid the cost-of-living crisis.,Every week, as many as 100 more people are being added to the Insurance Fraud Register.,As Brits struggle with the,cost-of-living crisis,, more people are tempted to enga...

NBS, INVP, BGEO: Stocks to watch as ECB raises interest rates to fight inflation
July 22, 2022 06:46 PM AEST| By Priya BhandariHighlights,The ECB has increased the key interest rate by 50 basis points to 0.0%, breaking its own guidance for a 25-basis point.,The EU’s consumer prices hit the record high of 8.6% in the 12 months to June, which is much higher than the 2% inflati...

Mortgage stocks to watch as UK borrowing hits record high
July 21, 2022 09:59 PM AEST| By Priya BhandariHighlights,Surging inflation led interest payments drove the UK budget deficit up to £22.9 billion in June, the second highest since records began in 1993.,The total interest payments hit its all-time high of £19.4 billion in June alone, taking it mo...

50 bps interest rate hike on cards: Which stocks should you look at?
July 20, 2022 09:53 PM AEST| By Abhishek SharmaHighlights:,Bank of England Governor Andrew Bailey has hinted that interest rates may rise by 50 basis points to control inflation.,He, however, emphasised that it is only one of the options, and nothing has been fixed yet.,The,inflation,rate has hit...

LLOY, HSBA, BARC: Stocks to watch as banks ramp up branch closures
July 15, 2022 06:00 PM AEST| By Priya BhandariMillions of households in the UK could struggle to access cash as the country is losing high street banks at an alarming rate.

STAN, NWG, VMUK: Financial stocks you can check out right now
July 14, 2022 10:19 PM AEST| By Abhishek SharmaHighlights:,Obtaining mortgages may get tougher for UK households in the coming months, a survey of lenders has found.,The demand for mortgages is also expected to come down during the period.,With,inflation,expected to rise in the coming months, the...

AJB, PBEE, XPS: Stocks to watch as cost-of-living payments nears
July 13, 2022 06:37 PM AEST| By Priya BhandariUK’s poorest households will begin receiving the first of two cost-of-living payments totalling £650 from Thursday.

LLOY, OSB, HSBA: Mortgage stocks to consider amid rising interest rates
July 12, 2022 05:42 PM AEST| By Rishika RainaTo counter the impact of rising inflation, BoE’s Monetary Policy Committee (MPC) has been consistently increasing the interest rates.
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