More risks behind new mortgages

MORTGAGE lenders and borrowers are being forced to take greater risks as property transactions slump because buyers cannot afford sky-high prices. Banks and building societies are lending at higher loan-to-values or maximum income multiples, and loosening criteria to revive the stagnant market. Daily Express :: Finance Feed  More...

by admin | Published 4 months ago
By admin On Thursday, June 28th, 2018

EU must ‘prepare for worst-case scenario’ or risk return to ‘1930s’ as trade war LOOMS

EUROPEAN Union officials fear the bloc’s relationship with the United States under President Donald Trump has deteriorated to the point where the US has “no friends only enemies” amid the threat of a More...

By admin On Tuesday, June 26th, 2018

Countrywide’s debt cut move

COUNTRYWIDE lost nearly a third of its market value yesterday as it sounded the fourth profit warning in eight months and announced plans for an emergency fundraising to reduce debt. Daily Express :: Finance Feed  More...

By admin On Saturday, June 23rd, 2018

House of Fraser axes stores and 6,000 staff

CREDITORS yesterday backed plans to close more than half of House of Fraser’s department stores with the loss of up to 6,000 jobs. Daily Express :: Finance Feed  More...

By admin On Thursday, June 21st, 2018

Disney ups Fox offer to £54bn

A BLOCKBUSTER of a bidding war for 21st Century Fox intensified yesterday as Walt Disney offered $ 71.3billion for the bulk of Rupert Murdoch’s prized entertainment assets. Daily Express :: Finance Feed  More...

By admin On Monday, June 18th, 2018

Italy has ‘one last roll of dice’ before it could QUIT euro, expert says

ITALY’S new Prime Minister Giuseppe Conte needs to convince Angela Merkel it is time for “one last throw of the dice” before Italy’s debt turns to junk and the country bins the euro, an expert has claimed. Daily More...

By admin On Saturday, June 16th, 2018

Tesco hits 4-year high after Booker sales lift

TESCO shares hit a four-year high as it rang up its tenth straight quarter of improving sales, yesterday. Britain’s biggest supermarket reaped rewards from its £3.7billion acquisition of wholesaler Booker Group, More...

By admin On Wednesday, June 13th, 2018

UK house price RANKINGS – North-south divide narrows as Chelsea CRASHES

UK HOUSE prices have revealed the long-standing north-south divide is beginning to narrow with a new Premier League property price table marking the rise of Manchester clubs and Leicester, alongside the fall of More...

By admin On Monday, June 11th, 2018

Should you transfer a final salary pension?

AS IF WE had not suffered enough pension scandals, yet another one appears to have been going on right under our noses. Unscrupulous financial advisers have been luring people to transfer out of their final salary More...

By admin On Friday, June 8th, 2018

Poundworld in protection move

POUNDWORLD has filed its intention to appoint administrators, giving it 10 working days to secure a rescue deal with a former owner of Little Chef. Daily Express :: Finance Feed  More...