Susannah Streeter
| Use attributes for filter ! | |
| Gender | Female |
|---|---|
| Born | Wiltshire |
| United Kingdom | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 423674 |
Susannah Streeter Life story
Dr Martens shares plunge after profit warning
... " There always seems to be a stone in the shoe for Dr Martens ever since its IPO in 2021, " said Susannah Streeter, head of money and markets at Hargreaves Lansdown...
Google's search for an AI future as it turns 25
... " Susannah Streeter, head of money and markets at the investor Hargreaves Lansdown, agrees...
M& S returns to FTSE 100 on food and clothes boost
... Susannah Streeter, head of money and markets at broker Hargreaves Lansdown, said: " Shrinking its estate, and closing larger stores in town centres, has also been paying off...
London still works for stock market listings, says We Soda boss
... Susannah Streeter, head of money and markets at Hargreaves Lansdown, said the flotation was a " ray of light" for the London market...
Stock markets hit again by banking worries
... " The worry is that banks sitting on large unrealised losses in their bond portfolios might not have sufficient buffers if there is a fast withdrawal of deposits, " said Susannah Streeter, head of money and markets at Hargreaves Lansdown...
House prices fall after mini-budget, says Nationwide
... The figures paint a picture of " sharply weakening demand" said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown...
Ocado sales hit as workers return to the office
... Susannah Streeter, senior markets analyst at Hargreaves Lansdown, said: " For now it does appear that some pandemic habits are sticking around, with restaurant deliveries staying popular, on-call groceries increasingly in demand and a growing source of revenue for Deliveroo...
Ukraine conflict: Growing numbers of firms pull back from Russia
... Being left out " in the cultural cold" will increase Russia s sense of isolation, said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown...
House prices fall after mini-budget, says Nationwide
By Noor NanjiBusiness reporter, BBC News
UK house prices fell for the First Time in over a year last month, according to Nationwide, which said the turmoil sparked by Truss' government's mini-budget had hit housing sales.
Prices fell by 0. 9% month-on-month in October, The First monthly decline in 15 months, the mortgage lender said.
The monthly fall was the largest since June 2020, at The Height of the Covid pandemic.
Annual UK house price growth also slowed sharply last month.
" The Market has undoubtedly been impacted by the turmoil following the mini-budget, which led to a sharp rise in market interest rates, " said Robert Gardner , Nationwide's chief economist.
" Higher borrowing costs have added to stretched housing affordability at a time when household finances are already Under Pressure from high inflation, " he added.
Investors reacted badly to The Plan unveiled by the previous Prime Minister Liz Truss and her chancellor Kwasi Kwarteng in September, which promised billions of pounds of tax cuts without explaining how they would be paid for.
Mortgage rates rose and lenders also suspended hundreds of mortgage products, amid uncertainty over How To price these long term loans.
Across the UK, the average house price in October was £268,282.
Meanwhile, there was a sharp slowdown in annual house price growth last month, to 7. 2% from 9. 5% in September, and the housing market looks set to slow in The Coming months, Nationwide said.
The figures paint a picture of " sharply weakening demand" said Susannah Streeter , senior investment and markets analyst at Hargreaves Lansdown .
" The disaster of the Trussenomics mini-budget, which saw bond markets take fright and lenders dramatically pull cheaper deals almost overnight, has clearly taken its toll on confidence among buyers, " She Said .
Ms Streeter warned that the property market will remain in sharp focus, with The Bank of England expected to raise interest rates again This Week in an attempt to bring down the current rate of inflation.
" Housing affordability has been stretched so thinly any elastic in The Market looks like it's about to snap, particularly with The Bank of England intent on more rate rises, " She Said .
This is another sign of a change to what we have become used to with the UK housing market.
A period of low mortgage rates and significantly rising house prices looks to be over.
Whether price rises slow, stall, or reverse - and to what extent - is still a matter of debate.
The Race For Space seen among buyers during Covid seems like a long time ago too.
While first-time buyers might finally get the lower house prices many have craved, they are now hit with the reality of mortgage payments taking a bigger chunk of their income than they might have expected - and another financial headache.
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Source of news: bbc.com
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