Business & Finance | Express Digest

‘Era defining moment’ for UK spaceport at SaxaVord

By City & Finance Reporter Updated: 21:50 GMT, 17 December 2023 The UK's first vertical spaceport has been given the green light to launch rockets [...]

National Grid cuts ties with China supplier

Firm took advice from the National Cyber Security Centre on the decisionIt terminated contracts with the UK arm of Nari Technology in April Move comes amid [...]

STONEHAGE FLEMING GLOBAL BEST IDEAS EQUITY: A 230% return for investors

By Jeff Prestridge Updated: 12:38 GMT, 17 December 2023 Fund manager Gerrit Smit is a disciple of investment guru Charlie Munger – Warren Buffett's former [...]

Office move slashes Faber profits in half

By Francesca Washtell Updated: 21:52 GMT, 16 December 2023 The publisher of literary greats including WH Auden and James Joyce saw its profits halve last [...]

Angst at Anglo American as mining giant is tipped to be takeover target

By Francesca Washtell Updated: 21:52 GMT, 16 December 2023 It was not long ago that Anglo American was at the top of its game, raking [...]

Savers may wish to lock their money into a top long-term fixed savings deal right now

By Toby Walne Updated: 21:52 GMT, 16 December 2023 Savers may wish to lock their money into a top long-term fixed savings deal right now [...]

Councils told: Use pension riches to plug funding gaps

By Patrick Tooher Updated: 21:51 GMT, 16 December 2023 Town halls are being urged to use a huge pensions windfall to ease the crisis in [...]

Bank of England boss Andrew Bailey faces new test of credibility on loan rates

By Patrick Tooher Updated: 21:51 GMT, 16 December 2023 Over cautious?: Andrew BaileyBank of England governor Andrew Bailey faces another test of his credibility this [...]

Accountancy body under fire over lack of diversity

By Calum Muirhead Updated: 21:51 GMT, 16 December 2023 A top accountancy body is under fire for failing to appoint black and minority ethnic directors [...]

£300m court fight looming over Standard Chartered

By Adam Luck Updated: 21:50 GMT, 16 December 2023 Standard Chartered Bank is facing a £300 million High Court battle after losing a key legal [...]

Activists move to oust Reabold Resources bosses

By Francesca Washtell Updated: 21:50 GMT, 16 December 2023 Activist shareholders claim they have support from more than a quarter of investors to oust a [...]

CITY WHISPERS: Bonuses for bosses at Imperial Brands and WH Smith linked to success of vapes and sarnies!

By Calum Muirhead Updated: 21:50 GMT, 16 December 2023 Even the most diehard City watchers could be forgiven for skimming some parts of a company's [...]

INVESTING EXPLAINED: What you need to know about SPIVA – S&P Indices versus Active

By City & Finance Reporter Updated: 21:58 GMT, 15 December 2023 In this series, we bust the jargon and explain a popular investing term or [...]

St James’s Place hatches £1bn plan to buy out retiring advisers

By Jessica Clark Updated: 21:52 GMT, 15 December 2023 St James's Place (SJP) is planning to raise up to £1billion to buy the business of [...]

H&M sales fall as demand for fast fashion falters

By City & Finance Reporter Updated: 21:51 GMT, 15 December 2023 Sales at H&M have tumbled as demand for fast fashion wobbles.Sales at the world's [...]

Rebound in UK growth opens gulf with Europe

By Jessica Clark Updated: 21:51 GMT, 15 December 2023 Britain's economy beat European rivals as business activity hit a six-month high at the end of [...]

Five days in the office is a thing of the past

By Leah Montebello Updated: 21:51 GMT, 15 December 2023 Only one in four firms expect their staff to be in the office full time in [...]

SHARE OF THE WEEK: Hollywood Bowl set to roll out full-year results

By City & Finance Reporter Updated: 21:51 GMT, 15 December 2023 Hollywood Bowl Group will roll out full-year results on Monday, soon after its closest [...]

Farfetch on the brink as founder fights to stave off firm’s collapse

By Patrick Tooher Updated: 21:50 GMT, 15 December 2023 Last-ditch talks to save Farfetch from collapse continue this weekend as administrators wait in the wings.The [...]

How fast will interest rates fall – and where’s the new normal? This is Money podcast

By This Is Money Updated: 17:09 GMT, 15 December 2023 The Bank of England has reached the peak with interest rates in this cycle.That's the [...]

Ofgem pressures energy firms to improve customer service levels

Energy regulator Ofgem has laid out new rules for gas and electricity firmsThese rules will bolster lacklustre customer service and aid the vulnerable By Sam Barker [...]

Trainline shares steam ahead as Government scraps rail app plans

The Government scrapped Great British Railways app plans on Thursday The plans had been a threat to Trainline as it has a similar business modelBy Mike [...]

Everyman Media Group buys two cinemas from collapsed chain

Everyman Media Group has acquired Tivoli cinemas in Bath and CheltenhamThe two venues were previously owned and operated by Empire CinemasIrish cinema operator, Omniplex, recently [...]

Energy bills to rise by an extra £16 next year to cover unpaid customer debt

Energy regulator Ofgem has plans to put gas and electricity bills up even further The planned rise would pay suppliers for the cost of all unpaid [...]

Heathrow warns airline charges cap will dent revenues next year

Heathrow Airport expects 81.4m travellers in 2024, a 2.9% rise on this yearBut the travel hub forecasts turnover next year dropping by 6.1% to £3.45bnPassenger [...]

BUSINESS LIVE: Heathrow eyes 81.4m in traffic; Ofgem could up price cap; Naked Wines losses widen

By Live Commentary Updated: 08:08 GMT, 15 December 2023 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

Markets jump but Bank of England boss Bailey warns rate cuts are not on agenda

By John-Paul Ford Rojas Updated: 22:06 GMT, 14 December 2023 Markets soared yesterday after the US Federal Reserve signalled its cycle of rate hikes was [...]

BP under pressure to overhaul its culture after Looney misconduct scandal

By Jessica Clark Updated: 22:01 GMT, 14 December 2023 Disgraced ex-BP boss Bernard Looney said he is ‘proud’ of his leadership of the oil company [...]

Woodford Equity Income victims say yes to £230m compensation scheme

By Jessica Clark Updated: 22:01 GMT, 14 December 2023 Vote: Investors in a failed fund run by former star trader Neil Woodford (pictured) yesterday approved [...]

Amazon wins £215m tax fight in blow to EU competition chief Margrethe Vestager

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 14 December 2023 At odds: EU competition chief Margrethe Vestager (pictured) has lost out to [...]

Currys revival brings cheer to its investors as shares climb 10.4%

By Emily Hawkins and Leah Montebello Updated: 22:00 GMT, 14 December 2023 Currys has enjoyed some pre-Christmas cheer as the stock was revived yesterday after [...]

Is the mortgage crisis over? This is Money Podcast

By This Is Money Updated: 16:40 GMT, 14 December 2023 It's been a rollercoaster year for mortgage rates and after the inflation panic spike over [...]

SThree cautions ‘soft trading’ remains ahead as STEM hiring slows

SThree revealed net fees fell by 4% to £418.8m in the year ending NovemberPermanent fee levels were hit by the transition towards more contract work Technology [...]

Have interest rates peaked – and what next for savers, borrowers and investors? LUNCH MONEY

By This Is Money Updated: 12:32 GMT, 14 December 2023 The Bank of England held the base rate today at 5.25 per cent for the [...]

MusicMagpie shares take flight after ‘record’ Black Friday sales

MusicMagpie upbeat but annual revenue set to come in lower than a year ago By Jane Denton Updated: 11:44 GMT, 14 December 2023 MusicMagpie shares rose sharply [...]

Are YOU missing out on water bill social tariffs that save £151 a year?

Water companies offer cut-price water bills for those on low incomes or benefitsBut most homes eligible for these social tariffs never sign up to the [...]