Business & Finance | Express Digest

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 [...]

WeWork faces bankruptcy as shares are suspended in New York

By Daily Mail City & Finance Reporter Updated: 22:11 GMT, 6 November 2023 WeWork shares were suspended in New York yesterday as the office firm [...]

Cash-strapped Hipgnosis puts off dividends as it fights for its survival

By Daily Mail City & Finance Reporter Updated: 22:10 GMT, 6 November 2023 Hipgnosis Songs Fund has said it will not pay any dividends for [...]

Watchdog apologises to former NatWest boss Rose over Farage debacle

By Calum Muirhead Updated: 22:07 GMT, 6 November 2023 Apology: Former Natwest boss Alison RoseThe UK’s data watchdog has apologised to former NatWest boss Alison [...]

Ryanair to start paying regular divi: Profits soar as airline raises price of tickets

By Leah Montebello Updated: 22:04 GMT, 6 November 2023 Ryanair will start paying regular dividends to investors for the first time as it cashes in [...]

Prudential sees profits and sales rise in third quarter boosted by sales in Asia

By Daniel Fessahaye Updated: 12:19 GMT, 6 November 2023 Prudential has seen a rise in profits and sales over the third quarter, although growth slowed [...]

Ryanair forecasts record annual profits following strong summer and will reward shareholders with dividend payments from February

Ryanair reported profits jumped to £1.89bn in the six months ending SeptemberPassenger numbers increased 11% to 105.4m despite air traffic control issuesThe group anticipates achieving [...]

NatWest’s new AI-powered chatbot ‘will be just like talking with a human’

AI will be able to replicate what staff at the bank already can do in a natural tone By Matt Drake Updated: 11:12 GMT, 6 November [...]

Is this the beginning of the end for 1p and 2p coins? The British isle that says ’round up’

By Leah Montebello Updated: 11:06 GMT, 6 November 2023 The Isle of Man has become the first part of the British Isles to encourage businesses [...]

Melrose Industries shares rise as it signs £4bn deal with GE Aerospace

FTSE-100 aerospace group signs strategic partnership worth $5billion Deal expands risk and revenue sharing on GE Aerospace's GEnx engineBy Daniel Fessahaye Updated: 10:34 GMT, 6 November [...]

Compliance Audits And Corporate Governance: Ensuring Accountability

In today's business landscape, ensuring accountability is crucial for organizations to maintain trust and integrity. Compliance audits and corporate governance play a pivotal role in [...]

UK mortgage lending is hit amid interest rate fears

By Leah Montebello Updated: 00:05 GMT, 6 November 2023 The UK mortgage market is stuck in the doldrums as high interest rates put off house [...]

Wall Street bosses warn of looming global recession

JP Morgan boss Jamie Dimon says world is a 'scary and unpredictable' place Israel's war with Hamas and Russia's invasion of Ukraine are destabilising Economists warn that [...]

Selfridges insists it’s business as usual despite co-owner’s cash crisis

By Leah Montebello Updated: 21:50 GMT, 5 November 2023 Selfridges has insisted that it will be business as usual this Christmas despite one of its [...]

CITY WHISPERS: Extrovert Rich Ricci won’t be left at the starting gate

By Francesca Washtell Updated: 22:01 GMT, 4 November 2023 Dapper: Rich Ricci is in Australia for the Melbourne CupBusiness may be slow in the City of London [...]

Stamp duty cost puts millions off downsizing

By Toby Walne Updated: 21:51 GMT, 4 November 2023 Expensive: The cost puts older homeowners off moving from homes that may no longer suit their needsMillions [...]

Prince of Wales’ shoemaker puts boot into tourist tax

By Francesca Washtell Updated: 21:51 GMT, 4 November 2023 Backing: The Prince of Wales has worn the firm's 'evening slippers' at red carpet eventsThe Prince [...]

Asos and Boohoo fail to keep up as online-only shopping falls out of fashion

By Patrick Tooher Updated: 21:51 GMT, 4 November 2023 Tie-up: Model Elle Macpherson for Boohoo brand Karen MillenHedge funds betting against Asos and Boohoo are [...]

Buy now, pay later giant Klarna ramps up plans for £12bn stock market float

By Francesca Washtell Updated: 21:51 GMT, 4 November 2023 Plans Klarna founder and chief executive Sebastian SiemiatkowskiBuy now, pay later giant Klarna is taking a [...]

MIDAS SHARE TIPS UPDATE: Hold on to top property group Belvoir

By Joanne Hart Updated: 21:50 GMT, 4 November 2023 Belvoir Group specialises in rental properties, with a focus on the Midlands and the North.Founded in [...]

Ordinary investors plough £1m into tiny miner Cornish Tin

By Francesca Washtell Updated: 21:50 GMT, 4 November 2023 Ordinary investors have ploughed more than £1 million into a tiny mining company called Cornish Tin [...]

Hand small firms tax cut to invest in IT, Sage says

By Francesca Washtell Updated: 21:50 GMT, 4 November 2023 Small businesses desperately need Government help to invest in IT and technology, according to the boss [...]

Hairdryer-maker GHD to invest more than £325m in UK over next five years

By Emily Hawkins Updated: 21:50 GMT, 4 November 2023 Hairdryer and straightener-maker GHD plans to invest more than £325 million in the UK over the [...]

Energy price cap will now be higher than previously forecast next year, Cornwall Insight says – here’s why

Gas and electricity bills are set to increase again in 2024, Cornwall Insight saysPredictions for bill rises override earlier good news that costs might start [...]

Towels? Never a dry topic… and they’ll improve your life and home in an instant

By Anne Ashworth Updated: 06:00 GMT, 4 November 2023 A night at one of London's most recently opened five-star hotels costs from £1,400. This may be [...]

Microsoft boss Brad Smith backtracks on his UK outburst

By Leah Montebello Updated: 21:55 GMT, 3 November 2023 The boss of Microsoft has made a humiliating climbdown just months after attacking Britain for blocking [...]

Fashion firm The White Stuff is cashing in

By City & Finance Reporter Updated: 21:52 GMT, 3 November 2023 Fashion firm The White Stuff is cashing in as shoppers flock back to the [...]

INVESTING EXPLAINED: What you need to know about EMXC – emerging markets excluding China

By City & Finance Reporter Updated: 21:51 GMT, 3 November 2023 In this series, we bust the jargon and explain a popular investing term or [...]

Shipping group AP Moller-Maersk axing at least 10,000 jobs

By City & Finance Reporter Updated: 21:50 GMT, 3 November 2023 Shipping group AP Moller-Maersk is axing at least 10,000 jobs as revenues and profits [...]

Woke goes broke! £1bn pulled from ESG funds

By Leah Montebello Updated: 21:50 GMT, 3 November 2023 British investors have pulled a record £1billion out of ESG funds this year amid a backlash [...]

Wilko unions demand inquiry into stricken chain

By Emily Hawkins Updated: 21:50 GMT, 3 November 2023 MPS are under pressure to quiz Wilko bosses following the collapse of the high street chain.The [...]

Investors bank on rate cuts next year as economy slows

US job figures left markets betting that Fed will kick off round of rate cuts in MayLatest gloomy data from UK shows further month of [...]

SHARE OF THE WEEK: Marks & Spencer regains its swagger

By City & Finance Reporter Updated: 21:50 GMT, 3 November 2023 After years in the doldrums, there seems to be something of a swagger about [...]

Have interest rates finally peaked – and what happens next? This is Money podcast

By This Is Money Updated: 21:00 GMT, 3 November 2023 Have interest rates peaked?After an inflation spike rudely awoke them from their slumbers, the Bank [...]

Safestyle UK ‘likely’ to be liquidated

The Bradford-based company revealed that liquidation is 'likely to be required'Earlier this week, it revealed approximately 680 employees had lost their jobsBy Daniel Fessahaye Updated: [...]