Banking giant, Lloyds Banking Group, has said it will return to profitability in 2010.
Last month the bank, which is 41% owned by the taxpayer, posted a full-year loss of £6.3 billion.
It was hit by bad debts following the acquisition of HBOS, which it took over at the height of the financial crisis in autumn 2008.
However, [...]
The Council of Mortgage Lenders (CML) is expecting “further modest volatility” in the UK housing market in the coming months.
The comment came as the body revealed a 6% rise in gross mortgage lending in February (to £9.2 billion) compared with January.
Given that the end of the stamp duty holiday distorted lending figures considerably in both [...]
Sustainable and ethical investments are expected to increase their share in the ISA market by more than 1000% this year, according to research by The Co-operative.
Ethical investments currently have a 1% share of the ISA market, but The Co-operative predicts that this could increase thirteen-fold later this year as savers use their increased ISA allowance [...]
British consumers should expect to face more financial difficulty this year than during 2009, a financial expert has claimed.
Richard Perks, director of retail research at Mintel, said it is “obvious” that living costs are going to rise while income is squeezed.
The tough times are “really still to come,” Perks said.
“That doesn’t necessarily mean we are [...]
Persimmon Homes managed 8,976 legal completions in 2009, compared with 10,202 in 2008, with an average selling price of £160,513 (down from £172,994 last year).
However, Britain’s largest house builder says it has a strong forward sales book of around £900 million, up 29% on 2008.
Ninety new sites are scheduled to open in the first half [...]
Eurogroup chairman Jean-Claude Juncker has said the euro zone economy will grow by about 1% in 2010.
The chief of the 16-member nation, who is also Luxembourg’s Prime Minister, said: “Growth is on the path of consolidation but growth in 2010 will be fragile, moderate.”
The euro zone has hit the headlines over the last few weeks [...]