The chief executive of Royal Mail’s parent company has said he will continue to transform the group despite a £3.57bn takeover, with Royal Mail preparing to cut more daily freight flights this month. Martin Seidenberg, the CEO of International Distribution Services, is planning “the biggest network change in 20 years” to modernise Royal Mail’s deliveries, … Read more
Keir Starmer has pledged to keep mortgage rates ‘as low as possible’ Higher mortgage rates have been a thorn in the side of homeowners for almost two years. According to Moneyfacts, the average interest rate on five-year fixed-rate mortgages is still above 5%, while the interest rate on two-year fixed-rate mortgages is closer to 6%. … Read more
Higher mortgage rates have been a thorn in the side of homeowners for almost two years. According to Moneyfacts, the average interest rate on five-year fixed-rate mortgages is still above 5%, while the interest rate on two-year fixed-rate mortgages is closer to 6%. That’s a lot lower than the 2.5% averages we saw at the … Read more
Three more mortgage lenders have announced that they will be lowering mortgage rates, marking a new shift towards lower mortgage costs. Barclays, HSBC and Yorkshire Building Society have all cut their rates, after Santander and Halifax earlier this week. Yorkshire BS has reduced its mortgage interest rate by up to 0.2 percentage points. Drop: HSBC … Read more
Britain’s biggest banks have launched a new war over mortgage prices. Barclays and HSBC cut interest rates for the second time in two weeks. Major lenders are lowering their fixed mortgage rates It could come as a relief to borrowers looking for a better deal, but given the higher interest rates, many people looking to … Read more
Receive the US Election Countdown newsletter for free The stories that matter about money and politics in the race for the White House The Federal Reserve chairman has warned that the US economy is too strong to justify such high deficits and has called on Washington to tackle the budget deficit “sooner rather than later”, … Read more
Stay up to date with free updates Simply register for the Chinese business and finance myFT Digest — straight to your inbox. Western financial institutions in China have cut their investment banking staff by the most in years, after a market slowdown eroded profits and halted years of expansion in the country. The cuts in … Read more
HSBC, Barclays and NatWest are among the big major lenders cutting mortgage rates as experts say ‘things are looking much more optimistic’. The Bank of England will cut the base interest rate. Interest rates have remained relatively high following the central bank’s decision to raise the UK base rate as it battles to bring down … Read more
HSBC has announced a wave of interest rate cuts from tomorrow Barclays has cut fixed rates for homebuyers, including the best new purchases NatWest has cut rates for people refinancing – including some best buys Three major lenders have cut mortgage rates, which could mark the start of a downward shift in home loan pricing. … Read more
A mother who illegally felled a protected tree in her driveway because it caused a ‘nuisance’ to her entire street has been spared a fine. Kelly Palmer, 40, smiled as she left court after admitting she paid a tree surgeon to cut down the giant ash because it was blocking the drain and regularly hitting … Read more