Business & Finance | Express Digest

Greenpeace hit with Shell lawsuit after 13 day oil rig protest

By Colin Fernandez Updated: 22:10 GMT, 9 November 2023 Shell is suing Greenpeace for £1.7million after its protesters occupied an oil rig for 13 days.The [...]

Troubled Home REIT forced to sell more properties as it scrambles to raise cash

By Calum Muirhead Updated: 22:00 GMT, 9 November 2023 Struggling Home REIT has once again sold off a chunk of its portfolio for a fraction [...]

Federal Reserve chairman Jerome Powell warns inflation fight is not over

By Jessica Clark Updated: 22:00 GMT, 9 November 2023 Treasury yields climbed after Jerome Powell threw cold water on Wall Street's hopes that the Federal [...]

How badly are you hit by the insurance stealth tax raking in £7.45bn a year? LUNCH MONEY

By This Is Money Updated: 13:02 GMT, 9 November 2023 How badly are you being hit by the insurance stealth tax?Insurers have come under the [...]

Auto Trader profits jump on ‘record’ car buyer numbers

Auto Trader said the used car market was proving resilientAuto Trader shares rose by over 7% on Thursday following update By Jane Denton Updated: 12:25 GMT, [...]

Nationwide cuts mortgage rates to below 5%… as Bank chiefs clash over outlook

By Adele Cooke and John-Paul Ford Rojas Updated: 22:08 GMT, 8 November 2023 Homeowners can lock into a two-year mortgage rate below 5 per cent [...]

ITV cuts its budget for shows as it faces ongoing advertising slowdown

By Leah Montebello Updated: 22:03 GMT, 8 November 2023 ITV is trimming how much it spends on shows this year as it faces an ongoing [...]

British chip maker Newport Wafer Fab sold to US firm in £144m deal

By Jessica Clark Updated: 22:00 GMT, 8 November 2023 The UK’s largest chip manufacturing site has been bought by a US firm after its Chinese [...]

Oil price slumps below $80 for first time since July

By Hugo Duncan Updated: 22:00 GMT, 8 November 2023 The price of a barrel of oil crashed below $80 for the first time in nearly [...]

5 Reasons Why Online Business Is Better

In today's dynamic business landscape, entrepreneurs are continually seeking opportunities that offer a winning combination of high returns, low overhead costs, and rapid scalability. The [...]

Entain directors buy about £2.4m of shares in the betting group

Chairman Barry Gibson has more than quadrupled his holding in the company Jette Nygaard-Andersen, Entain's CEO, has doubled her stake in the businessThe biggest share purchase [...]

Time Out Group losses widen but revenue is on the up

Time Out Group saw its annual operating loss reach £17.5m, new results showTime Out Group shares rose on Wednesday amid stronger revenue performance By Jane Denton [...]

JD Wetherspoon toasts ‘gradual improvement’ in sales

JD Wetherspoon's LFL sales grew by 9.5% in the 14 weeks ending 5 NovemberSince the year started, JD Wetherspoon shares have risen by more than [...]

ITV flags advertising weakness as studios business growth softens

ITV's advertising sales fell by 7% to £1.23bn in the first nine months of 2023 The firm benefited much more significantly from the FIFA World Cup [...]

BUSINESS LIVE: M&S profits soar 75%; Reach to cut 450 jobs; ITV suffers weaker studios demand

LIVEBy Live Commentary Updated: 07:59 GMT, 8 November 2023 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are [...]

Primark eyes bumper Xmas as sales surge: Fashion chain cashes in on colder weather and rising prices

By Emily Hawkins Updated: 22:23 GMT, 7 November 2023 Primark is cashing in on rising prices and the colder weather as it sets its sights [...]

Watches of Switzerland planning to double sales in five years

By Daily Mail City & Finance Reporter Updated: 22:19 GMT, 7 November 2023 Watches of Switzerland plans to double sales in five years amid soaring [...]

Borrowing costs fall amid speculation interest rates could be cut mid 2024

By Jessica Clark Updated: 22:16 GMT, 7 November 2023 Borrowing costs fell sharply yesterday after a leading Bank of England official suggested interest rates could [...]

Accounting giant PwC to cut up to 600 UK jobs with staff ‘reluctant to leave on their own’

By Daily Mail City & Finance Reporter Updated: 22:12 GMT, 7 November 2023 Job cuts: Accounting giant PwC confirmed that it planned to make 'voluntary [...]

Manchester United investors frustrated by delays as Ratcliffe eyes major stake

By Daily Mail City & Finance Reporter Updated: 22:12 GMT, 7 November 2023 A major shareholder in Manchester United has warned investors are in the [...]

Former Natwest boss Alison Rose welcomes regulator’s apology over Farage debacle

By Daily Mail City & Finance Reporter Updated: 22:09 GMT, 7 November 2023 Apology accepted: Former Natwest boss Alison RoseNatwest's former boss welcomed an apology [...]

Metro Bank admits savers were pulling cash before last month’s emergency fundraising

By Calum Muirhead Updated: 22:06 GMT, 7 November 2023 Metro Bank has admitted savers were pulling money out of their accounts amid fears over its [...]

One in five married adults think their spouse is hiding savings from them

By Lucy Evans Updated: 22:00 GMT, 7 November 2023 One in five married adults believe their partner may be hiding savings for retirement — and [...]

Watches of Switzerland Group shares climb 13% as luxury retailer announces ambitious growth plan

Watches of Switzerland Group were the FTSE 100 Index's top riser on Tuesday The retailer aims to surpass £3bn in sales by the end of the [...]

Bank fraudbuster says beware Facebook Marketplace – how to avoid getting scammed: LUNCH MONEY

By This Is Money Updated: 13:56 GMT, 7 November 2023 Beware Facebook Marketplace! That’s the warning sounded by a bank fraudbuster ahead of Britain’s Christmas [...]

Vistry Group agrees £819m deal to build almost 3,000 homes

Leaf Living and Sage Homes have agreed to acquire 2,915 units between themBoth companies are backed by Blackstone and property investor Regis GroupVistry said the deal would [...]

Naked Wines shares nosedive as boss leaves ‘with immediate effect’

Naked Wines shares have fallen over 70% in the last year; down 30% on Tuesday Chief executive Nick Devlin has agreed to step down with immediate [...]

Metro Bank deposit outflows return to ‘more normal ranges’

The troubled lender revealed deposits totalled £15.6bn at the end of SeptemberCustomers withdrew their money from Metro in high volumes early last month However, the company [...]

Pizza Express owner scraps offer for The Restaurant Group

Wheel Topco blamed 'market conditions' for not making a bid for the group By Jane Denton Updated: 08:32 GMT, 7 November 2023 Wheel Topco, the owner [...]

BUSINESS LIVE: Metro Bank deposits dip; TRG bidder pulls out; Persimmon lifts build target

LIVEBy Live Commentary Updated: 08:02 GMT, 7 November 2023 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are [...]

Housebuilding falls for 11th month in a row amid slump in demand for new homes

By Hugo Duncan Updated: 22:35 GMT, 6 November 2023 Housebuilding has fallen for 11 months in a row as high borrowing costs hit demand for [...]

Boohoo accused of breaking promises to treat suppliers ethically

By Daily Mail City & Finance Reporter Updated: 22:28 GMT, 6 November 2023 Boohoo has been accused of breaking its promises to treat suppliers ethically. Staff [...]

Eurozone on brink of recession as it suffers its worst month since the pandemic

By Hugo Duncan Updated: 22:27 GMT, 6 November 2023 Headache: The ECB’s Christine Lagarde LagardeThe eurozone looks set to tumble into recession after the economy [...]

Changes show Unilever is on track, declares star fund manager Nick Train

By Mark Shapland Updated: 22:26 GMT, 6 November 2023 One of Unilever's biggest backers has welcomed the shake-up at the consumer goods giant under its [...]

Klarna posts first quarterly profit in four years amid a boom in demand

By Calum Muirhead Updated: 22:25 GMT, 6 November 2023 Klarna has posted its first quarterly profit in four years amid a boom in demand from [...]

Scottish Mortgage Trust defends investment in private firms

By Daily Mail City & Finance Reporter Updated: 22:24 GMT, 6 November 2023 Scottish Mortgage Investment Trust defended its backing of private companies after a [...]