Breaking News Headlines from Financial News https://www.financial-news.co.uk/headline/ Reliable, up-to-date source for financial news distribution and PR. Find the latest news on insurance, banking, property and mortgages and more. Tue, 01 Oct 2024 17:59:19 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9 https://www.financial-news.co.uk/wp-content/uploads/2024/10/cropped-fav-32x32.png Breaking News Headlines from Financial News https://www.financial-news.co.uk/headline/ 32 32 House price growth accelerates https://www.financial-news.co.uk/house-price-growth-accelerates/ Mon, 30 Sep 2024 12:02:31 +0000 http://www.financial-news.co.uk/?p=63882 UK house prices were 3.2% higher in September compared with the same month last year, according to data from Nationwide. It’s the fastest rate of annual growth since November 2022, with terraced homes driving the increase. Over the last 12 months the average price of a terraced house has risen by 3.5%. Semi-detached houses and [...]

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]]> 63882 UK electric car production down by a quarter https://www.financial-news.co.uk/uk-electric-car-production-down-by-a-quarter/ Fri, 27 Sep 2024 13:06:47 +0000 http://www.financial-news.co.uk/?p=63879 There was a big drop in the number of electric cars produced in UK factories in August, despite the upcoming ban on sales of new petrol and diesel models. Production of electrified (battery electric, plug-in hybrid and hybrid) cars was down by 25.9% compared with the same month last year, according to data from the [...]

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]]> 63879 Jaguar Land Rover plans ‘factory of the future’ in Merseyside https://www.financial-news.co.uk/jaguar-land-rover-plans-factory-of-the-future-in-merseyside/ Thu, 26 Sep 2024 11:19:40 +0000 http://www.financial-news.co.uk/?p=63877 Jaguar Land Rover (JLR) is investing £500m in its factory in Halewood, Merseyside for the production of electric vehicles. The 61?year?old plant is being expanded and upgraded to enable the parallel production of internal combustion, hybrid and pure electric models. It currently makes the Range Rover Evoque and Discovery Sport. The car maker has already [...]

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]]> 63877 OECD raises estimate for UK economic growth https://www.financial-news.co.uk/oecd-raises-estimate-for-uk-economic-growth/ Wed, 25 Sep 2024 15:51:21 +0000 http://www.financial-news.co.uk/?p=63875 The UK economy is expected to grow by 1.1% in 2024, according to a new report. Raising its UK forecast from just 0.4% in May, the Organisation for Economic Cooperation and Development (OECD) said that the country — along with the United States, Canada and Spain — had shown “robust” growth this year. In 2025, [...]

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]]> 63875 UK firms report slowdown in growth https://www.financial-news.co.uk/uk-firms-report-slowdown-in-growth/ Tue, 24 Sep 2024 10:55:26 +0000 http://www.financial-news.co.uk/?p=63873 Private sector businesses in the UK have seen continued growth in business activity during September, albeit at a slower rate. Both the manufacturing and services sectors recorded a slower rise in output, according to S&P Global’s latest Flash Purchasing Managers’ Index (PMI). This meant that the overall speed of recovery moderated for the first time [...]

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]]> 63873 Consumer confidence falls after Budget warning https://www.financial-news.co.uk/consumer-confidence-falls-after-budget-warning/ Fri, 20 Sep 2024 10:22:48 +0000 http://www.financial-news.co.uk/?p=63866 A long-running measure of consumer confidence has shown a significant drop in September, after warnings by the new government about the state of the public finances and a “painful” Autumn Budget to come. Research firm GfK’s Consumer Confidence Index fell by seven points to -20 overall, with all measures declining in comparison to the previous [...]

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]]> 63866 Interest rates unchanged at 5% https://www.financial-news.co.uk/interest-rates-unchanged-at-5/ Thu, 19 Sep 2024 15:10:39 +0000 http://www.financial-news.co.uk/?p=63864 Rate-setters at the Bank of England have voted to keep the base rate at 5%. In August, interest rates were reduced from 5.25% — the first cut for more than four years. At its latest meeting, members of the Bank’s Monetary Policy Committee (MPC) voted 8-1 in favour of maintaining the current rate. One member [...]

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]]> 63864 No change in inflation at 2.2% https://www.financial-news.co.uk/no-change-in-inflation-at-2-2/ Wed, 18 Sep 2024 10:46:00 +0000 http://www.financial-news.co.uk/?p=63862 The UK’s rate of consumer price inflation (CPI) remained at 2.2% in the year to August, unchanged from July, according to the latest data. The monthly report from the Office for National Statistics (ONS) showed that lower prices for petrol and diesel, and restaurants and hotels, were offset by a big rise in air fares. [...]

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]]> 63862 Oxford Street could be pedestrianised under new plans https://www.financial-news.co.uk/oxford-street-could-be-pedestrianised-under-new-plans/ Tue, 17 Sep 2024 10:44:00 +0000 http://www.financial-news.co.uk/?p=63860 The Mayor of London, Sadiq Khan wants to ban all traffic from part of Oxford Street to help regenerate the area. Under the proposal, a 0.7-mile stretch would be pedestrianised between Oxford Circus and Marble Arch, with the potential for further changes towards Tottenham Court Road. This builds on current restrictions which limit vehicle access [...]

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]]> 63860 Harland & Wolff set to enter administration https://www.financial-news.co.uk/harland-wolff-set-to-enter-administration/ Mon, 16 Sep 2024 10:42:00 +0000 http://www.financial-news.co.uk/?p=63858 Belfast-based shipbuilder Harland & Wolff is set to go into administration, the company confirmed on Monday. It is the second time the iconic company, which built the Titanic, has entered administration in recent years. Harland & Wolff is preparing to appoint administrators from Teneo this week and employees in certain non-core and central support areas [...]

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