House prices should pick up in the months ahead, but only because fewer sellers are deciding to put their homes on the market, lender Halifax has said... more
Britons are balking at shelling out £3000 on a new kitchen as worries over squeezed household budgets and job security bite, the owner of the Wickes DIY chain says... more
Bank of England’s interest rate was held at the record low of 0.5 per cent for the 10th month running, amid forecasts that it could be stuck below one per cent for five years... more
House prices in Britain fell 1.9% in March compared to February, dampening the optimism over a separate report earlier this week which said property values had edged higher... more
The fall in house prices is slowing, Britain’s biggest mortgage lender the Halifax said today.
The bank, which is now part of Lloyds, said prices fell 1.9 per cent last month... more
The new Lloyds Banking Group sought to calm investors, saying its position has not significantly worsened since before Christmas and its core financing ratios have not fallen as some had feared.... more
HBOS painted one of the most dire pictures of the economy to date, as its shareholders met in their hundreds to vote on the bank’s £11.5 billion bailout and takeover by Lloyds TSB... more
Homeowners with Halifax tracker mortgages should get the full benefit of any interest rate cut this week despite small print that gives the bank the right not to pass it on... more
Lloyds TSB will not only drop the TSB from its name but there will be no sign either of Halifax or Bank of Scotland in its monicker once the takeover is voted through. Instead the new enlarged group will quite simply be called Lloyds Banking Group Plc. ... more
Shares in Halifax and Bank of Scotland owner HBOS jumped another 14% amid growing conviction in the stock market that its £11.7 billion takeover by Lloyds TSB will happen... more
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