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Finance Roundup: 27th May 2023

  • Publish Date: Posted 10 months ago
  • Author:by VANRATH

VANRATH rounds up all the latest finance news stories this week

Mortgage rates rise after inflation surprise

Mortgage costs are rising after higher than expected inflation figures this week raised forecasts of how much UK interest rates will go up.

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NI households could see increase in energy bills as significant fall announced in Britain

Northern Ireland households could see gas and electricity bills “slightly increase” at a time when people in Britain are benefitting from a significant fall in their energy bills after a cut in the energy price cap

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FTSE 100 higher as UK retail sales improve

The FTSE 100 and European stocks were higher on Friday amid increasing hopes of an imminent deal on the US debt ceiling and improved UK retail sales.

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ASOS secures £75m fundraising to support turnaround plan

The group revealed plans on Thursday evening to raise funds in order to strengthen its balance sheet.

The online retail business confirmed on Friday that it has completed a share placing, with 17.9 million shares at 418.1p each to secure the cash injection.

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