Page 44 - Gb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Being a bank investor was already hard enough in 2023. Shareholders who thought rising interest rates were a one-way bet realised otherwise when losses on long-term bonds helped sink Silicon Valley Bank. OSB , a specialist UK mortgage lender, just threw another curveball. The group’s market value, which was 2 billion pounds ($2.5 billion) when markets closed on Thursday, fell by one-quarter on Friday, after a trading statement released the previous evening. In it, OSB said it will take a roughly 170 million pound hit to revenue because customers were refinancing home loans quicker than expec...

British house prices fell last month in annual terms at the fastest rate in 12 years and soaring interest rates are likely to herald more weakness in the housing market, mortgage lender Halifax said on Friday.

Energy giant Shell expects second-quarter gas trading results to be "significantly lower" than in the previous quarter, it said on Friday.

Iran's Revolutionary Guards seized a tanker holding 900 metric tons of "smuggled fuel" and 12 crew members based on a court order, a report by the semi-official Fars news agency said on Friday.

NATO leaders will meet in Vilnius on July 11-12 to tackle a wide range of topics, from divisions over Ukraine's membership bid and Sweden's accession to boosting ammunitions stockpiles and reviewing the first defence plans in decades.