Features

Money Minute Wednesday 25 September: UK mortgage approvals

In Wednesday's Money Minute, we look at official data on mortgage approvals from the Bank of England.

This morning, in the UK, we get official data on mortgage approvals from the Bank of England.

The approvals data gives an idea of activity in the housing market. In July, just over 67,000 mortgages were approved - a two-year high.Approvals don't necessarily feed directly through to house prices. But generally if activity is picking up, it would tend to point to prices at least being reasonably stable.

Cruise operator Carnival reports its third-quarter results later in the day.The company has had to contend with rising fuel costs, and also an active hurricane season in the US.Investors will have a close eye on the outlook, particularly in light of the recent spike in oil prices.

Other companies in the news today include online retailer Boohoo, which reports its half-year results.Expectations are high - in a trading update earlier this month, the group told investors that sales were beating forecasts.

International consumer goods group PZ Cussons also issues a trading update today.

Recommended

What's behind Britain’s looming energy crisis
Energy

What's behind Britain’s looming energy crisis

Global natural gas prices have soared as resurgent demand collides with supply disruptions. The UK is especially vulnerable and could be heading for a…
24 Sep 2021
The Information Age is about to get interesting
Economy

The Information Age is about to get interesting

The IT revolution has been around for a while now, says Merryn Somerset Webb. But we're just getting to the good bit.
24 Sep 2021
I wish I knew what contagion was, but I’m too embarrassed to ask
Too embarrassed to ask

I wish I knew what contagion was, but I’m too embarrassed to ask

Most of us probably know what “contagion” is in a biological sense. But it also crops up in financial markets. Here's what it means.
21 Sep 2021
Why is the UK short of CO2 and what does it mean for you?
UK Economy

Why is the UK short of CO2 and what does it mean for you?

The UK is experiencing a carbon dioxide shortage that could lead to empty shelves in supermarkets. Saloni Sardana explains what’s going on and how it …
21 Sep 2021

Most Popular

Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021