Business & Finance | Express Digest

Tory donor Lord Ashcroft bags £300m from sale of his recruitment firm Impellam to Dutch rival HeadFirst

By Jessica Clark Updated: 22:08 GMT, 13 December 2023 In the money: Impellam’s chairman Lord Ashcroft (pictured) Tory donor Lord Ashcroft will collect nearly £300million after [...]

Britain’s oldest wine merchant Berry Bros & Rudd toasts bumper sales

By Daily Mail City & Finance Reporter Updated: 22:06 GMT, 13 December 2023 Britain’s oldest wine merchant has posted bumper sales but said customers were [...]

Zara deals blow for UK High Street as sales slow just weeks before Christmas

By Emily Hawkins Updated: 22:00 GMT, 13 December 2023 Zara owner Inditex posted a slowdown in sales growth just weeks before Christmas in another gloomy [...]

Airbnb agrees to pay Italian authorities £500m to settle protracted tax dispute

By Emily Hawkins Updated: 22:00 GMT, 13 December 2023 Airbnb is to hand over almost £500million to Italian authorities to end a protracted tax dispute.Prosecutors [...]

DWP confirms exact date for next £299 cost of living payment

Eight million households will get the final cost of living payment in 2024The payment was due to be paid in the spring, but is now [...]

BUSINESS LIVE: UK GDP shrinks 0.3%; Entain boss exits; Workspace embraces solar power

By Live Commentary Updated: 17:24 GMT, 13 December 2023 The British economy shrank by 0.3 per cent in October, missing economist forecasts of flat growth [...]

Nick Train buys Diageo dip amid Latin American hangover

Johnnie Walker maker warned last month on hit to full-year revenues Diageo suffers severe slowdown in Latin America where it makes 20% of salesNick Train buys [...]

Thames Water blames ‘very low’ bills for £14.7bn debt pile

The utility giant is struggling under the weight of a £14.7bn debt burdenThames Water's CEO and chairman appeared in front of MPs on TuesdayBy Harry Wise [...]

Ventilation specialist Volution boosted by UK home renovations

Greater awareness of significance of indoor air quality helps firm, it claims By Jane Denton Updated: 10:55 GMT, 13 December 2023 Volution expects to beat profit [...]

John Lewis U-turn on dramatic cuts to credit card limits after we raised the alarm

John Lewis customers who have had their credit limit slashed in recent months have had their full limit reinstated after Money Mail raised the alarm [...]

Entain boss exits following £615m bribery settlement

Jette Nygaard-Andersen has stood down after nearly three years in chargeNon-executive director Stella David will become CEO on an interim basis Entain recently settled a four-year [...]

Springfield Properties completions and reservations fall

Springfield Properties' net debt was around £94m by 30 NovemberBy Jane Denton Updated: 10:17 GMT, 13 December 2023 Scottish housebuilder Springfield Properties has said demand [...]

Workspace signs 10-year renewable energy supply deal with Statkraf

Workspace will take the electricity generated by a solar plant in DevonBy Jane Denton Updated: 08:44 GMT, 13 December 2023 Flexible work space firm Workspace [...]

Ofcom crackdown on price hikes hits shares in BT and Vodafone

By Daily Mail City & Finance Reporter Updated: 23:32 GMT, 12 December 2023 Shares in BT and Vodafone fell after the telecoms regulator moved to [...]

Poundland owner ‘cautiously optimistic’ about 2024 after profits crashed by more than a third

By Daily Mail City & Finance Reporter Updated: 23:31 GMT, 12 December 2023 Poundland’s owner insisted it was ‘cautiously optimistic’ about the year ahead after [...]

Hargreaves tumbles after FCA crackdown on rip off ‘double dipping’ fees

By Leah Montebello Updated: 23:26 GMT, 12 December 2023 Shares in investment platforms slumped after financial watchdogs warned them against ripping off customers by ‘double [...]

Bond yields tumble as bets on rate cuts mount amid fresh signs of easing inflation

By John-Paul Ford Rojas Updated: 23:25 GMT, 12 December 2023 Bond yields fell yesterday as fresh signs of easing inflation pressure threw the spotlight onto [...]

Boots US owner eyes £7bn London listing after efforts to sell it collapsed last year

By Emily Hawkins Updated: 23:24 GMT, 12 December 2023 Boots could float on the London stock market next year under plans being examined by its [...]

Global turmoil fires up Chemring as demand for missile components and explosives soars

By Daily Mail City & Finance Reporter Updated: 23:23 GMT, 12 December 2023 Boom time: Chemring said orders hit £756m in the year to the end [...]

AstraZeneca in £875m swoop on US vaccine firm Icosavax

By Leah Montebello Updated: 23:22 GMT, 12 December 2023 AstraZeneca has agreed to buy its first vaccine company for £875million. The deal to takeover Icosavax will [...]

Unilever probed over green claims: Britain’s wokest firm ‘may have misled’ customers

By Emily Hawkins Updated: 23:21 GMT, 12 December 2023 Unilever is under investigation over claims it is misleading customers by exaggerating how 'green' its products [...]

Middle East consortium eyes Call the Midwife and Midsomer Murders-maker All3Media

By Daily Mail City & Finance Reporter Updated: 23:20 GMT, 12 December 2023 The Middle East consortium behind the proposed takeover of the Telegraph is [...]

Sosandar eyes bumper Christmas after record November

Sosandar revealed its turnover exceeded £10m over October and NovemberThe firm's revenue expanded by 6% to £22.2m in the six months to SeptemberBased in Wilmslow, [...]

How will you get scammed in 2024? Beware FOMO and Taylor Swift tickets: LUNCH MONEY

By This Is Money Updated: 13:11 GMT, 12 December 2023 An explosion of online and social media fraud led to a series of warnings from [...]

Ofwat closes in on water companies amid sewage probe

The regulator has informed three water firms of its provisional findings These include Northumbrian Water, Thames Water and Yorkshire WaterAll companies will now have the opportunity [...]

FCA cracks-down on investment platform profits on client cash

The FCA has written a letter to 42 chief executives of financial services firmsIt believes groups involved in double dipping are not acting out of [...]

BUSINESS LIVE: Wage growth slows; Unilever faces eco claims probe; FCA warns platforms on client cash gains

By Live Commentary Updated: 07:44 GMT, 12 December 2023 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

Exploring the Concept of Web of Trust in Cryptography

Being able to establish your identity has become crucial in today's online environment. Because of this, many security measures have been developed by online platforms [...]

4 New Cryptocurrencies with Massive Potential

Numerous attractive projects emerged in the rapidly evolving world of cryptocurrency, drawing investors of all expertise levels. The cryptocurrency industry is awash with opportunity, offering [...]

How could crypto mining change the energy industry?

The undeniable presence of the cryptocurrency economy presents many exciting opportunities for investment funds, private companies, and public institutions. Among these emerging avenues, cryptocurrency mining [...]

What’s Hiding Behind the Security of Your Crypto Coin?

The up-and-coming cryptocurrency Ethereum rises like a possible bubble waiting to burst, while Bitcoin keeps setting new records. There has never been more interest in [...]

Bidding war set to break out for ticketing merchant See Tickets

By Leah Montebello Updated: 22:01 GMT, 11 December 2023 The owners of the O2 and the Hammersmith Apollo look set to fight it out over [...]

Shot in the arm for GSK as EU authorises its endometrial cancer treatment Jemperli

By Calum Muirhead Updated: 22:01 GMT, 11 December 2023 Breakthrough: GSK boss Emma Walmsley (pictured) has been pushing to boost the firm’s drug pipelineGSK has [...]

Investors bid £4.6bn to take iconic US department store chain Macy’s private

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 11 December 2023 Takeover bid: Macy's stock shot up more than 18% Shares in Macy’s soared [...]

Zlatan Ibrahimovic nets advisor job with AC Milan’s owners RedBird Capital Partners

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 11 December 2023 Advisory job: Football ace Zlatan IbrahimovicZlatan Ibrahimovic has joined private equity giant [...]

Welsh car battery firm DG Innovate soars as former Tesla execs take charge

By Leah Montebello Updated: 22:00 GMT, 11 December 2023 Shares in a Welsh car battery firm nearly tripled after it hired three former Tesla executives.DG [...]