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UK house prices experienced their largest increase since March 2022, rising by 1.2% to an average of £268,144 in November, as reported by Nationwide Building Society. This surge is attributed to a robust jobs market and rising wages, with prices now 3.7% higher than a year ago, surpassing economists' expectations of a 0.2% increase.
Clifford Abrahams has been appointed Chief Financial Officer of IG Group Holdings PLC, effective December 16, 2024. He transitions from his role at Virgin Money UK, which is currently being acquired by Nationwide Building Society. Abrahams brings extensive financial expertise from previous positions at ABN Amro Bank NV, Delta Lloyd Group, Aviva, and Morgan Stanley, and will focus on enhancing IG Group's financial strategies amid its global growth and digital trading expansion. Gergely Zaborszky will succeed him at Virgin Money.
UK house prices saw a minimal increase of just 0.1% in October, reaching an average of £265,738, according to Nationwide Building Society. This rise was below the expected 0.3% and follows a 0.6% increase in September, indicating a slowdown in the property market ahead of the recent budget announcement. Year-on-year, prices are up 2.4%, but remain below the peak levels recorded in summer 2022.
IG Group has appointed Clifford Abrahams as Chief Financial Officer, effective December 16, following his departure from Virgin Money UK, which was recently acquired by Nationwide Building Society for approximately £2.9 billion. Abrahams has served as CFO of Virgin Money since 2021 and previously held similar roles at ABN Amro Bank and Delta Lloyd Group. Gergely Zaborszky will succeed him at Virgin Money, currently overseeing financial planning and capital management.
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