Business & Finance | Express Digest

‘Robust’ demand sees oil giant Saudi Aramco pay a record $124bn in dividends this year

By Daily Mail City & Finance Reporter Updated: 22:31 BST, 6 August 2024 Gushing money: Aramco's dividends have been growing at an annual pace of [...]

Boost for GlaxoSmithKline as US jury rules heartburn drug did not cause a woman’s cancer

By Emily Hawkins Updated: 22:30 BST, 6 August 2024 An American jury handed GlaxoSmithKline (GSK) a boost by deciding its discontinued heartburn drug did not [...]

High Street lenders must be better prepared for a financial crisis, Bank of England warns

By Jessica Clark Updated: 22:29 BST, 6 August 2024 High Street lenders must improve their crisis plans to prepare for a potential collapse, the Bank [...]

Abrdn finance chief Jason Windsor poised to replace Stephen Bird as chief exec

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 5 August 2024 Abrdn finance chief Jason Windsor is poised to replace Stephen Bird as [...]

Societe Generale sheds British and Swiss private bank arms for £770m

By Leah Montebello Updated: 22:01 BST, 5 August 2024 Societe Generale has dumped its British and Swiss private banking divisions for £770million as bosses continue [...]

Labour’s North Sea squeeze risks huge job losses, Serica Energy boss warns

By Leah Montebello Updated: 22:01 BST, 5 August 2024 The boss of Serica Energy has warned Labour’s North Sea oil policies could lead to huge [...]

Tourism bosses call on Reeves to bring back VAT-free shopping and boost growth

By Emily Hawkins Updated: 22:01 BST, 5 August 2024 Tourism bosses have urged Rachel Reeves to bring back VAT-free shopping to boost the Treasury’s coffers.In [...]

Electric car sales set to miss a key Government target as demand slows

By John Abiona Updated: 22:01 BST, 5 August 2024 Sales of new electric cars will miss a key target this year.The Society of Motor Manufacturers [...]

Mortgage rates fall after Bank of England cut: NatWest now offers cheapest five-year fix

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 [...]

Wood Group suitor Sidara walks away from takeover talks due to growing ‘geopolitical risks’

Dubai-based Sidara submitted a 230 pence per share bid in late May By Harry Wise Updated: 13:09 BST, 5 August 2024 Engineering company Sidara has pulled [...]

Lloyds Bank hires first ever AI director to integrate the tech into its business

London-listed bank hires Amazon Web Services executive Rohit DhawanIt has hired 1,500 data and tech specialists in 2024 so far By Daniel Fessahaye Updated: 12:51 BST, [...]

Car insurance premiums start to FALL – but are still up 48% in two years

There is some limited good news for drivers as the average premium is fallingBut the 2% drop is a cold comfort, with prices still unaffordable [...]

Clarkson increases dividend despite dip in half-year results

Revenue fell to £310.1m year-to-year for the six months ended 30 JuneUnderlying profit before taxation down slightly to £53.1m from £51.5mBy Daniel Fessahaye Updated: 10:24 BST, [...]

Nationwide launches dementia nurse clinics in more than 200 branches to help out its customers with health and financial advice

By Emily Hawkins City Reporter Updated: 00:49 BST, 5 August 2024 Nationwide is to offer dementia nurse clinics in more than 200 branches to help [...]

Top English winemakers toast to another sparkling year

By Angus Ritchie Updated: 21:50 BST, 4 August 2024 English winemakers have toasted another year of record sales.Sales of home-grown fizz at the top seven [...]

Pharma giant Novo Nordisk to reveal booming demand for its weight loss drugs Ozempic and Wegovy

By City & Finance Reporter Updated: 21:50 BST, 4 August 2024 Boost: Celebrity fans include actress Rebel WilsonPharma giant Novo Nordisk will reveal the booming [...]

High Street chiefs: Levy reforms are the key to growth

Businesses are desperate for an overhaul Money collected from the current levy ends up wastedCountry faces shortages of workersBy Emily Hawkins And John Abiona Updated: 21:50 [...]

The Best Ways to Send Money from the USA to India in 2024: A Guide for Savvy Senders

Sending money home to India from the USA? This guide breaks down the top methods for a USA-to-India money transfer, highlighting their pros and cons [...]

Rolls-Royce boss: The UK must back this energy technology – or we will miss a trick again

By Francesca Washtell Updated: 14:32 BST, 4 August 2024 Rolls-Royce boss Tufan Erginbilgic says ministers must commit to small nuclear reactorsThe UK must become a [...]

High-flying BAE to snap up drone firms in defence boom

By Francesca Washtell Updated: 12:04 BST, 4 August 2024 BAE Systems is looking to buy more companies that design and make drones as geopolitical tensions [...]

Male drivers take more risks while driving with a ‘sexy sounding’ sat nav, study finds

By Roger Dobson for The Mail on Sunday Updated: 08:13 BST, 4 August 2024 Sexy-sounding sat navs make men take more risks when driving, a [...]

Rolls-Royce staff rewarded with £700 each in shares

By Leah Montebello Updated: 21:50 BST, 2 August 2024 Boost: Boss 'Turbo' Tufan ErginbilgicRolls-Royce is to hand £700 worth of shares to all staff as [...]

Don’t hand pensions to private equity firms, warns Royal London

By John Abiona Updated: 21:50 BST, 2 August 2024 Ploughing savers' money into British infrastructure and private equity risks undermining the primary role of pensions, [...]

Revolut to be valued at £35bn as it readies to sell up to nearly £400m worth of shares

By City & Finance Reporter Updated: 21:50 BST, 2 August 2024 Exciting future: Revolut was set up by Nikolay Storonsky in 2015Revolut is to be [...]

Vitol to acquire Hong-Kong based Noble Group for $209m

By City & Finance Reporter Updated: 21:50 BST, 2 August 2024 Vitol is to acquire Hong-Kong based Noble Group for $209m (£163.3m).The world's largest oil [...]

Capita shares slip as outsourcer’s strategy shake-up weighs on revenues

By Mike Sheen Updated: 13:54 BST, 2 August 2024 Capita shares fell after the group forecast a fall in annual revenues as it shifts away [...]

Fast and Easy: Applying for Your Home Loan Online

Buying a home is a big step. It's a dream for many but getting a home loan can sometimes be a hurdle. But don't worry, [...]

Slowdown of lending at Virgin Money ahead of controversial Nationwide takeover

By Mike Sheen Updated: 08:57 BST, 2 August 2024 Virgin Money has seen a slowdown in customer lending as it approaches its final months as [...]

Billionaire former Glencore head of oil and four others charged in African bribery probe

By Leah Montebello Updated: 22:15 BST, 1 August 2024 Glencore's billionaire ex-head of oil Alex Beard and four others have been charged with conspiring to [...]

Struggling Shipbuilder Harland and Wolff secures £20m funding as it fights off administration

By Daily Mail City & Finance Reporter Updated: 22:08 BST, 1 August 2024 Lifeline: Belfast shipyard Harland and Wolff has secured nearly £20m from lendersCrisis-hit [...]

Next hikes profits forecast as it defies gloomy UK weather to post bumper summer sales

By Daily Mail City & Finance Reporter Updated: 22:08 BST, 1 August 2024 Next has once more pierced the retail gloom by forecasting higher profits [...]

Lucky saver wins £100k with £100 Premium Bonds holding bought in 2005

By Helen Kirrane Updated: 13:53 BST, 1 August 2024 Every month, Premium Bond holders eagerly wait to find out whether they have won a big [...]

BUSINESS LIVE: BoE cuts base rate; Rolls-Royce shares soar to all-time high; Next profits set to near £1bn

By Live Commentary Updated: 12:08 BST, 1 August 2024 The Bank of England has cut base rate to 5 per cent. The bank's Monetary Policy [...]

Next expects annual profits of near £1bn – here’s why the high street retailer is soaring…

By Mike Sheen Updated: 09:55 BST, 1 August 2024 Next has upgraded full-year profit guidance after the retailer's sales smashed expectations in the first half, [...]

Fed paves way for US rate cuts as soon as next month as inflation falls towards 2%

By Leah Montebello Updated: 22:01 BST, 31 July 2024 US Federal Reserve chief Jerome Powell last night opened the door to lowering interest rates in [...]

GlaxoSmithKline posts rising sales but shares slide amid fears over vaccines division

By Angus Ritchie Updated: 22:01 BST, 31 July 2024 Boost: Glaxo chief exec Emma Walmsley (pictured)GlaxoSmithKline posted rising sales yesterday – but shares slid because [...]