Finance in the News – w/c 10.05.21

Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.

FINANCIAL TIMES

“Buy-to-let landlords spread their bets away from London”
Investors look elsewhere for lower prices and improved rental yields
“Boom in off-market property sales”
Shortage of stock gives Londoners the confidence to sell discreetly.
“Even non-ESG funds now have a greenish tinge”
Investors have fewer choices than the full-on ESG marketing suggests.
“Solving the insurance ‘loyalty penalty’ will penalise many”
Banning price walking in car and home premiums will have unintended consequences.
“A good year for profits as we emerge from lockdown”
Hard-hit sectors will make up ground according to John Redwood.
“How should wealthy parents treat wayward offspring?”
Experts offer advice on what to do when children are irresponsible with money.

THE TIMES

“Pension warning: you need to save 50% more now”
The investment returns enjoyed by baby boomers are now unlikely.
“Mortgage costs drop for the wealthy — even if you’re a pensioner”
A mortgage battle of the banks has pushed rates for wealthier homeowners to near-record lows.
“If you want top savings rates, then get an app”
Banking apps aimed at millennial and Gen Z savers are offering the best rates while most high street banks are paying pitiful returns on cash deposits.

THE TELEGRAPH

“The bargain stocks left behind by Britain’s booming market”
While the FTSE has recovered its pandemic losses, some stocks are cheaper than before Covid struck.
“Want to buy a house? Bid 20pc over asking or get gazumped”
Record number of homes are attracting three offers or more.
“Diary of a private investor: Inflation means I should sell my shares – but I can’t bring myself to do it”
The stock market is a powder keg and inflation is the spark that will ignite it.

THE GUARDIAN / OBSERVER

“Homebuyers struggle: ‘Sellers just add the stamp duty saving to the price’”
Young people in the UK are finding properties even further out of reach as tax breaks and easier credit drive up prices.
“Branching out: why Britons are buying woodland in the Covid crisis”
More people are seeking their own outside space to experience nature and spend time with family.

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