Business & Finance | Express Digest

Aldi UK sees sales reach record levels and says it will open 23 more stores before the end of the year

Pre-tax profit up to £536.7m from £152m for the 12 months to December 2023By Daniel Fessahaye Updated: 10:00 BST, 9 September 2024 Aldi UK sales reached [...]

Hundreds of jobs at risk if Three UK-Vodafone merger gets green light

Deal between the two rivals would create the UK's largest mobile firmGroup would have an estimated value of £15bnThree finance boss Darren Purkis confirmed some [...]

Ed Miliband review threatens nuclear power plant plan

By Jessica Clark Updated: 21:50 BST, 8 September 2024 Review: Energy Secretary Ed MilibandThe future of a large nuclear power plant in North Wales has been thrown [...]

Asos sells Topshop to Danish billionaire despite higher offer from Shein

By City & Finance Reporter Updated: 21:50 BST, 8 September 2024 Fashionable: Asos revealed it has agreed to sell a 75 per cent stakeFast fashion [...]

MIDAS SHARE TIPS UPDATE: Zigup keeps expats in the driving seat

By Joanne Hart Updated: 23:17 BST, 7 September 2024 Spain is the UK’s favourite tourist destination. Almost 300,000 Brits have upped sticks permanently and thousands more [...]

De Beers London float loses its shine amid weak demand for natural diamonds

De Beers float could be scuppered by weak demand for natural diamonds By John Abiona Updated: 23:15 BST, 7 September 2024 Plans to float De Beers [...]

Tata Steel’s Port Talbot counting on £500m rescue deal

2,800 jobs could be axed in switch to less carbon-intensive electric arc furnacesBy John Paul-ford Rojas and Emily Hawkins Updated: 22:01 BST, 7 September 2024 [...]

Kylie Minogue’s wine on sparkling form this summer as sales hit £9.6m

Sales of the Aussie singer’s tipples hit £9.6million By Emily Hawkins Updated: 22:01 BST, 7 September 2024 Brits couldn’t get pop princess Kylie Minogue out of [...]

Bumper US interest rate cut ‘on a knife edge’

By Hugo Dunc Updated: 21:51 BST, 6 September 2024 Interest rates in the United States look set to be cut this month for the first [...]

Hospitality tycoon Richard Caring nears £1bn deal to offload The Ivy

By Daily Mail Updated: 21:51 BST, 6 September 2024 'King of Mayfair': Richard Caring is set to sell the Ivy CollectionHospitality tycoon Richard Caring is closing [...]

Unilever finally ditching Russian business after years of criticism

Consumer giant refused to pull out of country in the wake of Ukraine invasion Russian media now say a sale has been agreed with chemicals group [...]

Industry woe for ‘the sick man of Europe’ Germany

By City & Finance Reporter Updated: 21:51 BST, 6 September 2024 Germany underlined its status as 'the sick man of Europe' as its once-mighty industrial [...]

Nissan car factory workers at the Sunderland plant learn sign language to support deaf colleagues

Four members of the team at the North East car factory are deafBy Rob Hull Updated: 15:17 BST, 6 September 2024 Nissan UK has confirmed [...]

Car crashes peak at this particular time of day, according to insurance claims data – and it’s NOT rush hour

Allianz says it receives the highest volume of accident claims at this timeBy Rob Hull Updated: 14:16 BST, 6 September 2024 Drivers, particularly parents, are [...]

Nationwide’s £2.9bn takeover of Virgin Money set to be completed in early October

The takeover will create an enlarged business with around 24.5m customersBoth the PRA and FCA have given their 'requisite consent' to the £2.9bn tie-upBy Harry [...]

BUSINESS LIVE: House prices up 4.3%; Virgin Money takeover given green light; Berkeley on track to hit guidance

By Harry Wise Updated: 11:20 BST, 6 September 2024 Among the companies with reports and trading updates today are Berkeley Group Holdings, Nationwide, GSK, and [...]

Chinese police quiz AstraZeneca employees over drug imports

By Leah Montebello Updated: 09:35 BST, 6 September 2024 Several AstraZeneca staff are under investigation in China for allegedly breaking the law.The UK pharma giant [...]

Primark’s UK sales set to fall at faster rate following wet summer

By Emily Hawkins Updated: 09:31 BST, 6 September 2024 Hot Right Now: Singer Rita Ora (pictured) has a clothing collaboration with Primark Primark suffered a summer [...]

Investing Strategy: How to Invest in Liquid Funds

Liquid funds are a popular investment choice for individuals seeking a safe and accessible investment option with relatively high liquidity. They are debt mutual funds [...]

British Isa plans to encourage investment in London-listed stocks looks set to be scrapped

By Lucy Evans, Money Reporter and Harvey Dorset Updated: 12:50 BST, 5 September 2024 Plans for a British Isa have reportedly been scrapped by the [...]

Mortgage rate cuts continue as Santander reduces home loan costs

Borrowers who need a mortgage because their current fixed rate deal is ending, or they are buying a home, should explore their options as soon [...]

Nvidia boss loses £20bn in record stock rout

By Leah Montebello Updated: 07:58 BST, 5 September 2024 The boss of Nvidia is nursing losses of over £20bn as shares tumble from their all-time [...]

Popular ice cream company behind Hershey’s files for bankruptcy- crippled by listeria recall

By Ishita Srivastava For Dailymail.Com Updated: 02:07 BST, 5 September 2024 A popular ice cream company that manufactures Hershey's cakes has declared bankruptcy months after [...]

Would you get hit by a Labour Budget tax raid? This is Money podcast

By This Is Money Updated: 17:20 BST, 4 September 2024 A bad news Budget looks to be on the cards as Labour continues to pour [...]

Hilton Food Group profits jump amid volume growth in core meats

Hilton revealed its half-year adjusted pre-tax profits climbed 37.8% to £33.5mFirm's turnover declined to £1.9bn, but still rose by 1% on a like-for-like basis By Harry [...]

Are Premium Bonds set to become less attractive? SYLVIA MORRIS gives her verdict

By Sylvia Morris Updated: 11:04 BST, 4 September 2024 Premium Bonds are extremely popular, with the prize draw fund currently at 4.4 per cent.And investors [...]

NS&I quietly cuts its 5.15% bond on offer to 250,000 savers after five weeks… just as SYLVIA MORRIS warned

By Sylvia Morris Updated: 11:02 BST, 4 September 2024 National Savings & Investments (NS&I) quietly cut the astounding 5.15 per cent rate it was offering [...]

BUSINESS LIVE: Barratt Developments profits slump; M&G investors pull £1.5bn; Direct Line misses half-year forecasts

By Harry Wise Updated: 09:39 BST, 4 September 2024 Among the companies with reports and trading updates today are M&G, Barratt Developments, CAB Payments, Segro, [...]

Spanish bank BBVA given green light to take control of TSB

By Daily Mail Reporter Updated: 09:31 BST, 4 September 2024 A Spanish lender has been given the green light by regulators to take indirect control [...]

Watches of Switzerland ‘on track’ to meet expectations amid luxury recovery

WOSG expects to post 2025 revenues of roughly £1.7bn next yearBy Daniel Fessahaye Updated: 14:57 BST, 3 September 2024 Watches of Switzerland revealed it was [...]

Rolls-Royce sees £3bn of value wiped off as engine troubles are unmasked – but share price regains ground today

Rolls-Royce shares sank by 6.5%, reducing its value by £2.7bn yesterdayShare price back up 3.3% today By John Abiona and Daniel Fessahaye Updated: 12:14 BST, 3 [...]

Labour urged to fix broken business rates regime to save the High Street

By Emily Hawkins Updated: 11:39 BST, 3 September 2024 High Street shops have said that next month's Budget is a 'golden opportunity' to fix the [...]

Ashtead expects annual profits to be ‘in line’ with expectations despite first quarter dip

Profit before tax fell 7% to $544m (£414m) for the first quarter to 31 July Operating profit dipped slightly by 2% to $688m (£524m)By Daniel Fessahaye [...]

HP to continue £3bn damages claim against Lynch estate

By Daily Mail City & Finance Reporter Updated: 10:47 BST, 3 September 2024 Hewlett Packard has confirmed it plans to continue with its claim for [...]

Harrods trains staff to fight against sexual harassment against shoppers

By Emily Hawkins Updated: 10:47 BST, 3 September 2024 Harrods has been training staff to intervene if shoppers or customers are sexually harassed, amid a [...]

Car makers build green vehicles ‘no one wants’ to meet eco targets, says dealership chain boss

By Leah Montebello Updated: 09:28 BST, 3 September 2024 Car makers are being forced to build vehicles drivers 'don't want' to meet green targets, one [...]