The Only Way is Up! (except for Inflation)

13:42, 15th November 2023
Justin Waite
Taking Stock

Taking Stock on Tuesday 14th November 2023

Taking Stock: Is a look at today's top business news & investment views plus we cover the winners, losers, the most read company news & the most followed. Today this includes:

The Only Way is Up! (except for Inflation)

Inflation Data was released for the UK this morning.

Year on Year

ACTUAL: 4.6%



Month on Month




The UK 2 year government Bond yield has dropped 20% from it's spike high on 6th July.

The FTSE 250 it's attacking it's 200 day moving average and the AIM All Share is 7% up from it's low and has risen 12 out of the last 14 sessions.

Companies discussed on “Taking Stock” today:

08:00 Verici DX #VRCI 
12:15 James Halstead #JHD 
13:14 Future Plc #FUTR 
15:23 Hemogenyx #HEMO 
17:10 Hargreaves Lansdown #HL.
17:30 MJ Gleeson #GLE 
18:45 Taylor Wimpey #TW.
19:00 Persimmon #PSN
20:18 Helium One #HE1 
21:58 Atlantic Lithium #ALL 
23:27 Asiamet Resources #ARS 
24:10 Bluestar Capital #BLU 
25:05 Audioboom #BOOM 
27:43 Henry Boot #BOOT 
28:43 Wincanton #WIN 
32:10 Aurrigo #AURR 
34:05 Renalytix #RENX 
36:15 Silver Bullet Data Services #SBDS 
42:30 Team Internet #TIG 


UK inflation fell sharply in October to its lowest rate in two years, largely due to lower energy prices.

Inflation, which measures the rate at which consumer prices rise, dropped to 4.6% in the year to October, down from 6.7% the month before.

The figure means a government pledge to halve inflation by end of the year has been met early.

Economists have said the main reason inflation has fallen from its peak of 11.1% in October 2022 is due to a fall this month in the energy price cap, which limits what suppliers can charge consumers per unit of energy.

They also note the Bank of England's decision to raise interest rates, in a bid to cool demand in the UK economy and slow price rises.

Rates are currently at 5.25%, a 15-year high, which has pushed up mortgage costs but also led to higher savings rates.

(Click here to read more)


UK house prices post first annual drop since 2012 - ONS

British house prices fell in annual terms in September for the first time since 2012 and rents rose sharply last month, official data showed on Wednesday, underlining the weak state of the housing market.

House prices decreased by 0.1% in the year to September, the Office for National Statistics (ONS), the first annual fall since April 2012, after a 0.8% increase in August.

Prices in London declined 1.1%.

The ONS's gauge of private rents rose by 6.1% in the 12 months to October, the biggest annual increase since data collection started in 2016 and up from 5.7% in September.

(Click here to read more)


HSBC and Halifax cut mortgage rates as price war continues

Two more major lenders have cut mortgage rates, prompting hopes that deals could seen come close to 3%.

HSBC and Halifax have both announced mortgage rate reductions today.

This includes a five-year fixed rate mortgage at 4.53% with a £999 fee up to 60% loan-to-value.

Ashley Thomas, director at London-based broker, Magni Finance, told the Newspage agency: “Lenders are getting more aggressive with rate cuts. I wouldn't be surprised to see rates drop below 4% by the end of the year. The next inflation data will be crucial for mortgage lenders, and expect a lot of rates to reduce if inflation has dropped significantly.”

(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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