![]() ![]() Unite also increased its rental growth forecast to 7 per cent for the next academic year, up from a previous range of 6 per cent to 7 per cent. The value of its property port-folio rose 1.2 per cent to £2.9billion during the second quarter of 2023. Morgan Stanley said the Bank of England may be forced to raise rates to more than 5.5 per cent to get inflation back under control.īut even with a ‘challenging autumn ahead’, the bank’s analysts looked favourably on a host of British stocks, including defence giant BAE Systems (up 1 per cent, or 8.8p, to 897p), oil major BP (up 0.2 per cent, or 1p, to 454.55p), Asian-focused insurer Prudential (up 0.4 per cent, or 4.5p, to 1043.5p), miner Rio Tinto (down 1 per cent, or 46.5p, to 4868.5p), consumer healthcare firm Haleon (up 0.8 per cent, or 2.6p, to 311.4p) and pharma group AstraZeneca (up 0.7 per cent, or 70p, to 10180p). Inflation remains stubbornly high at 8.7 per cent – more than four times the 2 per cent target – despite interest rates rising from 0.1 per cent to 5 per cent since December 2021. However, sentiment could shift if inflation starts to subside.’ The US investment bank told clients: ‘Investor pessimism towards the UK is currently high. ALEX BRUMMER: Regulators lift their game as BT, Hargreaves and Unilever find themselves in the dockīritish stocks are the cheapest in the world and could rally if inflation subsides, according to Morgan Stanley.Are YOU missing out on water bill social tariffs to save £151 a year? Two MILLION homes are eligible but don't apply.Ditch the state pension ‘triple lock’ and replace it with new four-point ‘guarantee’, says IFS: How would it work, and is it a better deal?.Do you own one of Britain's most scrapped cars? Ten models that headed to the motoring graveyard most in 2023.RAY MASSEY: Nine-year-old motoring editor launches new edition of Roadster! for youngsters - just in time for holidays.The Christmas present BMW fans have wanted for decades: Has the first M3 Touring estate with an £88k price tag been worth the wait?.Could a Santa Rally help the Footsie’s fortunes – and has it come early this year?.Have interest rates peaked - and what next for savers, borrowers and investors? LUNCH MONEY.Not all that glitters is gold: The investment case for silver, lithium and other precious metals.BofE holds interest rates at 5.25%: What it means for YOUR mortgages and savings - and when will rates fall?.St James's Place planning to raise up to £1bn to buy business of retiring partners.Sales at H&M tumble as demand for fast fashion wobbles. ![]() ![]() Only one in four firms expect staff to be in the office full time in the coming years.Britain's economy beats European rivals as business activity hits a six-month high at the end of the year.Savings need a tax break: Time to get behind policies which can pull nation out of despond, says ALEX BRUMMER.MARKET REPORT: Trainline races ahead after Government axes plans to create state-owned online rail ticket retailer.Energy bills to rise by an extra £16 next April to cover unpaid customer debt - after going up by £94 in January.Freetrade launches Treasury bills offering a 5.2% yield to investors - how do they differ from bonds?.Fixed-rate mortgages could fall below 4% within weeks amid a home loan price war sparked by major lenders, experts say.I want to buy a piece of land to run a doggy daycare and help XL Bullies - will it work? BANK OF DAVE replies.What are the rarest circulating coins featuring Queen Elizabeth II? Royal Mint publishes a list - and some have a mintage as low as 63,000.How fast will interest rates fall - and where will the new new normal be? This is Money podcast.House prices will continue to fall next year, both Halifax and Nationwide predict as higher mortgage rates leads to fewer sales.'Paranoia' spreads that City's losing its lustre: Top investor tells Pearson to ditch London for New York. ![]()
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