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A Powerful Positive Indicator shows we are on the Road to Recovery

14:56, 31st January 2024
Justin Waite
Taking Stock

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.

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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 


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.

(Click here to read more)

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.

(Click here to read more)


Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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