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The Latest Breaking News from Nationwide

UK economy shows signs of steadying amid pause in interest rate rises

Modest fall in mortgage costs and rising manufacturer confidence fuel hopes that pressure is easing on consumers and companies

The Guardian - UK

FTSE 100 Live: Nationwide House Price Index up for third straight month, blue-chip shares close up 1%

Gold and bitcoin were in focus today as prices jumped in dealings linked to speculation over the outlook for US interest rate cuts.

Evening Standard

UK house prices rise for third straight month as mortgage rates fall

Nationwide says average property price was £258,557 in November, £5,231 down on same month last year

The Guardian - UK

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UK house prices inch higher but ‘rapid rebound’ in property market unlikely

House prices inched up by 0.2% last month, compared with October, Nationwide revealed in its monthly House Price Index.

The Independent UK

UK house prices rise for third month; factory downturn eases – as it happened

Nationwide reports house prices only fell 2% in year to November, and rose during the month, as mortgage rates fall

The Guardian - UK

This year’s Black Friday ‘busiest shopping day on record’ – Nationwide

Nationwide members made 9.92 million purchases on Friday, which the bank said is equivalent to more than 114 transactions every second.

The Independent UK

Black Friday fails to rally UK shoppers as sales look sluggish

Fewer online purchases and less high street footfall reported in early trading but retailers remain hopeful as monthly payday looms

The Guardian - UK

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Flying start for Black Friday as early purchases beat last two years, and London footfall set to rise

Visitor numbers to central London are forecast to be about 8% higher than last weekend

Evening Standard

Black Friday set to be ‘busiest ever’ as spending beats last year

Nationwide Building Society said that sales volumes on Friday show people have been making more purchases than this time last year.

The Independent UK

UK mortgage arrears rise as borrowers feel squeeze, says Nationwide

Building society benefits from high interest rates, with half-year profits increasing to £1.3bn

The Guardian - UK

Nationwide is a much-needed two fingers to the big banks… despite those awful ads

City Comment: We’ll forgive them Dominic West, as long as they really are what they need to be

Evening Standard

OPINION - Dear Nationwide: Don’t go changing to try and please us

The City joke goes like this. You can be absolutely certain what a bank with spare capital will do next. The only question is: up which wall.

Evening Standard

Nationwide becomes first lender to drop two year fixed mortgage rate below 5%

Other lenders are expected to follow suit as they compete to pick up business from scarce buyers

Evening Standard

New mortgage deal falls below 5% in ‘watershed moment’ for UK homeowners

Nationwide’s two-year fixed rate deal offered at 4.99% as lenders jostle for customers

The Guardian - UK

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Fortune

Who is responsible for AI? It isn't always the CEO

Regardless of the structure, many say policies and frameworks should be in place to make sure employees aren’t going rogue.

Fortune

Business leaders share their best practices when implementing AI

Leaders from companies like Intuit and Nationwide will share the playbook they follow to implement AI and how they do this responsibly.

The Guardian - UK

‘Property porn’ estate agent The Modern House cuts staff amid downturn

Aspirational website and Instagram feed joins firms laying off workers as market slowdown hits

Evening Standard

Bargain hunters put a floor under house prices

It is hard to reconcile the somnolent levels of activity in the housing market with today’s surprise uptick in house prices in October.

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Evening Standard

UK house prices up almost 1% since last month but mortgage approvals plunge

Just 43,300 mortgages were approved in September, 30 per cent less than the monthly average in 2019

The Independent UK

UK house prices increased by 0.9% month-on-month in October, says Nationwide

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

The Guardian - UK

Tata Steel reports loss after delaying jobs cuts announcement at last minute – as it happened

An expected announcement on the future of the country’s biggest steel plant has been delayed, after reports that thousands of jobs could be lost

Evening Standard

House prices surprise with 0.9% increase in October says Nationwide

Housing market more resilient than feared despite the impact of 14 interest rate hikes

The Independent UK

Banks’ performance in dealing with APP scam victims revealed by regulator

The Payment Systems Regulator said there are inconsistent outcomes for customers who report an APP scam to their bank or building society.

The Independent UK

How husband’s suicide, two car crashes and secret £80,000 debt left widow fighting to save her home

Anyssa Neumann suffered a series of ordeals over a two year period that left on her on the brink of losing her home

Evening Standard

Five questions for Nationwide chief executive Debbie Crosbie

Is a treasured building society losing its way?

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