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Nationwide urges lending caution amid 'slowdown'

Nationwide urges lending caution amid 'slowdown'

Business
The boss of Nationwide has warned banks and building societies will have to "balance carefully" the way they lend to squeezed households as a possible economic slowdown looms.Chief executive Joe Garner said that while consumers were becoming more worried about the UK outlook - which has turned gloomier as Brexit approaches - most did not see the fall-out from the EU referendum affecting their access to borrowing.But he said it was important for lenders to weigh the supply of loans carefully against affordability to support demand from consumers "in a responsible way" through a slowdown.Mr Garner made the comments as Nationwide, Britain's biggest building society, reported a 20% fall in pre-tax profits to £322m for the quarter to the end of June, partly due to one-off gains made in the same
Global markets slip amid North Korea tension

Global markets slip amid North Korea tension

Business
US stocks joined the downward trend after investors were left rattled by President Donald Trump's "fire and fury" warning to North Korea.Mr Trump's words came overnight on Tuesday, UK time, in an escalation of tensions between the two countries.The Dow ended a nine-day streak of closing records, falling by 0.24%, while the Nasdaq fell by just under half a percent and the S&P was down by 0.21%.JJ Kinahan, chief strategist at TD Ameritrade, said geopolitics had "splashed cold water on the markets".He added: "There's uncertainty and caution as investors nervously eye the next foreign policy moves.":: N Korea risks 'destruction' - US defence chiefIn the UK, the FTSE 100 closed down 0.59%, or 44.67 points, at 7498, broadly in line with negative trends in European markets.The pan-European ST...
IAAF defends Makwala withdrawal amid 'virulent' norovirus outbreak

IAAF defends Makwala withdrawal amid 'virulent' norovirus outbreak

Sports
Media playback is not supported on this device World Athletics Championships on the BBCVenue: London Stadium Dates: 4-13 AugustCoverage: Live across BBC One and Two, BBC Radio 5 live, BBC Radio 5 live sports extra, the BBC Sport website and app. Click for timesAthletics' governing body has defended its decision to deny a World Championship medal favourite entry to London Stadium amid attempts to control a "very virulent" norovirus outbreak.Botswana's Isaac Makwala, 30, had hoped to run in Tuesday's 400m final, but was barred from competing.His country's Olympic boss, Falcon Sedimo, said that was "disturbing".But the IAAF said it was under instruction to quarantine athletes who showed symptoms of the virus.It acknowledged Makwala's absenc...
STAY HARRY! Tottenham legend David Ginola tells Harry Kane to remain at White Hart Lane, amid links with a move to Manchester United

STAY HARRY! Tottenham legend David Ginola tells Harry Kane to remain at White Hart Lane, amid links with a move to Manchester United

Sports
David Ginola has told Tottenham star Harry Kane to forget about transfer links with a move to Manchester United and stay put this summer.According to reports, Jose Mourinho has told United chiefs to go all out to sign the 23-year-old England striker – who netted 38 goals in 41 appearances for club and country last season.Kane has repeatedly insisted he sees his immediate future in a Tottenham shirt, and Spurs have made it clear they do not intend to sell the Premier League Golden Boot-winner this summer.However, they have been tempted to part with their biggest stars for the right price in the past, which is sure to make Spurs fans nervous as the transfer window opens.And Ginola has joined the chorus of supporters urging the Kane to stay at White Hart Lane, insisting the hitman is key to t
Pound remains under pressure amid political uncertainty

Pound remains under pressure amid political uncertainty

Business
The pound has resumed its downward slide as investors continue to react to the political uncertainty following last week's shock UK election result.Sterling had stabilised in early trade, but by late afternoon had dropped 0.66% against the dollar to $ 1.2659 and fell 0.73% against the euro to 1.1299 euros.On the stock market, the FTSE 100 index closed down 0.21% at 7511.87.On Friday, the pound suffered its biggest one-day drop in about eight months following the election.The uncertainty caused by the election result has led business confidence to sink "through the floor", according to one lobby group. A snap poll of 700 members of the Institute of Directors found a "dramatic drop" in confidence following the hung parliament.Global currency markets are trying to work out how the election wi...