FTSE 100 Live 01 December: House prices down, markets lifted as Powell signals rate rise slowdown

FTSE 100 Live 01 December: House prices down, markets lifted as Powell signals rate rise slowdown

1669881981 House prices down 1.4% in mini-Budget fallout Building society Nationwide today reported the biggest monthly drop in house prices since June 2020. The month-on-month fall of 1.4% follows a decline of 0.9% in October and reduces the annual rate of growth to 4.4% from 7.2% the previous month. The average price stood at £263,788. … Read more

End of a winning week on dovish Fed bets

End of a winning week on dovish Fed bets

European markets muted goal mark sixth week of gains Europe’s Stoxx 600 index closed flat on Friday, rounding off an upbeat week that saw it surpass a three-month high and secure a sixth week of gains. The main German and French Bourses were flat, as the UK’s FTSE 100 gained 0.3%. Expectations of slower Federal … Read more

Musk shuns EU as Twitter disbands entire Brussels office

Musk shuns EU as Twitter disbands entire Brussels office

The Government will have to pay nearly 21pc more towards the average household energy bill from the start of next year after regulators lifted the energy price cap. The move does not affect household energy bills, which have been limited to an average of £2,500 from the Government’s energy price guarantee. However, the increase in … Read more