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UK finance firms urged to work together to fight cyber crime

Britain's financial firms need to pull together to fight cybercrime, working with government and law enforcement to attack criminals' infrastructure and put them out of business, a report by KPMG and industry body UK Finance said on Monday. The report argues the growing threat cybercrime poses to the financial sector cannot be countered just by [...]

UK house prices are going up, despite Brexit uncertainty and possible interest rate rises

Homeowners across the UK have had an average of £7,500 added to the value of their property over the past year, and experts expect house prices to continue to rise in the country's more affordable areas. The national average sold house price is now £225,000, which is 4.4% higher than a year ago, according to the latest [...]

High value deals boost Scottish property investment figures

Investment in Scottish property in the first quarter of 2018 reached £608 million, significantly ahead of the five-year average of £546m. The latest research from CBRE Scotland, a commercial property consultancy, reveals that investment in the first quarter of the year was led by a smaller number of high-value deals with the total of £608m achieved across 28 transactions, [...]

UK Invoice Finance & Asset Based Lending Up 5%

Invoice finance and asset-based lending in the UK stood at £23.4bn at the end of 2017, up 5% on the funds advanced at the end of 2016, according to figures published by UK Finance reveal. Invoice finance and asset-based lending to small businesses (those with annual turnovers of less than £500,000) increased by 19% in December 2017 [...]

Over-50s hold 75% of Britain’s housing wealth

Homeowners over the age of 50 hold 75% of Britain's housing wealth, according to new research, revealing the huge generational divide in the property market. Older owner occupiers hold a total of £2.8 trillion in equity, equivalent to more than £75 in every £100. By comparison, the under 35s account for less than £6 in every £100 [...]

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