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The Latest Breaking News from Nationwide

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

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

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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

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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

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.

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

‘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

The Guardian - UK

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.

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

Evening Standard

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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.

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news in one place.

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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?

The Independent UK

Boost for British high street as Nationwide rebrands and pledges to keep branches open

Britain’s biggest building society says it’s determined to keep supporting customers in person just as banks shut physical outlets

Evening Standard

London house prices fall over £20k on average as mortgage rates bite but full crash ‘unlikely’ say experts

House prices have fallen 3.8 per cent since interest rate hikes began, but demand for homes still outweighs supply

The Guardian - UK

UK house prices drop 5.3% with falls in every region, says Nationwide

High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.

The Independent UK

Average UK house price £14,500 lower in September than a year earlier

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

The Guardian - UK

Sharon White stepping down from John Lewis; UK house prices fall at fastest rate since 2009 – as it happened

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

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