Rolling coverage of the latest economic and financial news
- Latest: US core inflation subdued, but gasoline pushes up CPI
- US inflation rose to 1.7%…. but core inflation fell to 1.3%
Earlier:
- Lego posts double-digit growth as families play more
- Royal Mail hikes profit forecasts as letters demand rises
- Hong Kong’s Cathay Pacific Airways reports £2bn loss for 2020.
UK borrowers are being given the chance to lock their mortgage repayments at the same level for up to 40 years with the launch of the longest fixed-rate deal on the market.
The lender Habito plans to launch a range of mortgages for borrowers with a 10% deposit that offers fixed-rate terms of up to four decades. The rates are based on the size of the deposit and how long the borrower wants to repay their mortgage.
Related: UK homebuyers offered first 40-year fixed-rate mortgage
The combination of traditional plastic toy bricks with digital games such as Super Mario helped the toymaker Lego achieve double-digit growth in sales, revenue and profit in 2020.
The Danish company said its tie-up with the games company Nintendo, which spawned the unlikely link between Lego and the moustachioed plumber Super Mario, was its most successful launch.
Related: Lego sales soar on back of Covid lockdowns and Nintendo tie-up
