Taking Stock on Tuesday 30th January 2024
A Powerful Positive Indicator shows we are on the Road to Recovery
In the UK, prices fell from a high average price of £184,000 in late 2007, to a low of just under £150,000 in early 2009.
UK house prices beat forecasts as mortgage rates edge down
British house prices rose this month more than economists had expected, adding to signs that the squeeze from high interest rates is beginning to ease, figures from mortgage lender Nationwide Building Society showed on Wednesday.
Nationwide said house prices in January increased by 0.7% from the month before after being flat in December, beating economists' forecast in a Reuters poll for a 0.1% rise.
Companies mentioned on, "Taking Stock" today:
07:30 Antofagasta #ANTO
09:09 & 11:17 Argentex #AGFX
09:50 Endeavour Mining #EDV
13:47 Helium One #HE1
15:11 Vast Resources #VAST
17:05 Destiny Pharma #DEST
18:58 Power Metal Resources #POW
22:10 BSF Enterprise #BSFA
23:15 ITM Power #ITM
26:53 Serabi Gold #SRB
28:43 Pebble Beach Systems #PEB
32:03 Glencore #GLEN
33:32 Prospex Energy #PXEN
35:14 Symphony Environmental #SYM
36:03 Inspiration Healthcare #IHC
37:19 Harvest Minerals #HMI
38:05 SDI Group #SDI
38:20 Rambler Metals & Mining #RMM
43:30 Fresnillo #FRES
TOP BUSINESS STORIES
Driest January in history saved people over £100
A record one in five drinkers gave up alcohol for Dry January, a British Beer and Pub Association survey suggests.
Charity Alcohol Change UK said those using its app to track a month of not drinking saved on average £118.
But pubs have reported a drop in drinks sales, while the prices of no and low-alcohol drinks are rising faster than their boozy counterparts.
UK's opposition Labour Party to champion the City
Britain's Labour Party will champion the country's financial sector if it wins power at this year's election, its finance policy chief Rachel Reeves said on Wednesday.
She also told the BBC that Labour will not bring in a new cap on bankers' bonuses.
Left-leaning Labour has in the past found itself at odds with Britain's financial services industry, a large part of the country's economy which, according to the Office for National Statistics, employs more than 1.5 million people and accounts for 8% of GDP.