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01.05.26 - 14:24
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UK Mortgage Approvals Rise Unexpectedly (AFX)
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LONDON (dpa-AFX) - UK mortgage approvals rose unexpectedly in March, reaching a four-month high, while consumer credit logged its fastest growth since early 2024, official data showed Friday.The n......
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01.05.26 - 12:48
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UK Manufacturing Activity Growth Near 4-Year High (AFX)
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LONDON (dpa-AFX) - The UK manufacturing activity growth reached a near four-year high in April, driven by improvements in production, orders and employment, survey data from S&P Global showed Frid......
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01.05.26 - 11:24
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NatWest faces £140m hit from Iran war as UK growth slows and inflation rises (The Guardian)
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Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessmentBusiness live – latest updatesNatWest said the economic fallout from the conflict in the Middle East could cost it £140m amid slowing growth and rising inflation even as it reported profits ahead of expectations.Overall, the FTSE 100 lender booked a £283m impairment charge and said that almost half of that was because of a reassessment of its economic forecast to “reflect increased geopolitical risk and weaker equity markets”. Continue reading......
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01.05.26 - 11:24
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UK house prices jump despite impact of Middle East conflict (The Guardian)
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Rise of 3% in April, the fastest annual pace in 11 months, leaves typical property worth £278,880, says NationwideBusiness live – latest updatesHouse price growth in the UK has surprised estate agents and economists by jumping in April at the fastest annual pace in 11 months, according to Nationwide.The UK's biggest building society said its mortgage data showed that house prices unexpectedly rose by 3% in April on a year earlier, from 2.2% in March, leaving the typical UK property worth £278,880. Continue reading......
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01.05.26 - 09:00
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UK house prices in surprise increase; NatWest braces for slowing economy – business live (The Guardian)
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Live, rolling coverage of business, economics and financial markets as average house price rose 0.4% in April and NatWest sets aside £140mIt is likely to be a quiet morning on equity markets, as most of the major indices around Europe are closed – and on that note, happy May Day!But London is still open for trading (and closed on Monday). Futures prices suggest the FTSE 100 is due to dip by 0.3%.Despite the uncertainty caused by developments in the Middle East and the subsequent rise in energy prices, the UK housing market has continued to regain momentum following the slowdown recorded around the turn of the year.This is somewhat surprising given that indicators of consumer confidence have weakened noticeably. GfK's headline index has fallen to its lowest level since late‑2023, reflecting households' more pessimistic views of the economic outlook and their own financial position over the year ahead.The surprisingly strong rise in the Nationwide measure of house prices in April shows that house pri...
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