Business & Finance | Express Digest

Mike Lynch: We must reform extradition treaty to US

By Emily Hawkins Updated: 21:50 BST, 7 June 2024 Acquitted: Founder of Autonomy Mike LynchMike Lynch plans to convince ministers to reform Britain's extradition treaty with [...]

Huge US jobs growth hammers Federal Reserve interest rate cut hopes

Non-farm payrolls increased by 272,000 jobs in May, according to US figures By Mike Sheen Updated: 14:54 BST, 7 June 2024 The US Federal Reserve could [...]

Chief exec of Magners cider maker C&C Group resigns amid accounting errors

Patrick McMahon only became C&C Group's chief executive in May 2023 The Dublin-based company is best known for Magners and Bulmers ciderBy Harry Wise Updated: 13:05 [...]

New era for Asda as private equity backer TDR Capital becomes majority owner

By Mike Sheen Updated: 12:44 BST, 7 June 2024 Asda is set for new ownership after Zuber Issa sold his stake in the supermarket group [...]

Bellway upgrades price guidance as UK property sector stabilises

Bellway now expects its properties to sell for an average £305,000 this yearThe company said the upgraded outlook was down to 'changes in product mix By [...]

Bridgepoint chairman steps down | Daily Mail Online

By City & Finance Reporter Updated: 10:19 BST, 7 June 2024 William Jackson steps down as chair of Bridgepoint The chairman of private equity firm Bridgepoint [...]

Chanel creative director quits after five years with French fashion house

By City & Finance Reporter Updated: 09:56 BST, 7 June 2024 Designer Virginie Viard walks the runwayChanel has announced the departure of creative director Virginie [...]

Greek banks to pay dividends for the first time since the global financial crisis

By Emily Hawkins Updated: 09:35 BST, 7 June 2024 Greek banks have been given the go-ahead to hand out dividends for the first time since [...]

Tech giants Microsoft, Open AI and Nvidia face AI competition probe

By Leah Montebello Updated: 09:05 BST, 7 June 2024 US regulators are set to launch a competition probe into Microsoft, Open AI and Nvidia in [...]

Tumbling Trafigura profits signal end to commodity boom

By Leah Montebello Updated: 08:52 BST, 7 June 2024 One of the world's biggest trading houses has posted a slump in profits in yet another [...]

Autonomy founder Mike Lynch cleared in $11bn US fraud trial

Representatives and prosecutors say Lynch was cleared on all 15 charges By Mail Foreign Service Updated: 08:19 BST, 7 June 2024 British entrepreneur Mike LynchBritish entrepreneur Mike [...]

Business secretary Kemi Badenoch to hold talks with Royal Mail suitor

By Leah Montebello Updated: 08:18 BST, 7 June 2024 Business Secretary Kemi Badenoch will meet ‘Czech Sphinx’ Daniel Kretinsky as he presses on with his [...]

ECB cuts rates for first time since 2019 – but warns higher prices could return

By Jessica Clark Updated: 07:48 BST, 7 June 2024 The European Central Bank (ECB) cut interest rates yesterday despite hiking inflation expectations for this year.ECB [...]

New King Charles bank notes already being listed on Ebay for £150

New King Charles bank notes entered into circulation yesterday for the first timeNow some of the notes are selling for up to £150 on eBayBy [...]

Council tax in England is frozen in 1991 and needs urgent reform, says the IFS

By Angharad Carrick Updated: 16:00 BST, 6 June 2024 The council tax system needs urgent reform to kickstart growth in the UK, according to a [...]

Activist investor and critic of former Entain boss ups stake in Ladbrokes owner

Rick Sandler joined the board in January after criticism of ex-Entain bossSandler's Eminence Capital is now Entain's third largest shareholder By Mike Sheen Updated: 14:35 BST, [...]

John Wood Group agrees to engage with Sidara’s ‘final’ takeover offer

Sidara submitted a proposal in late May valuing Wood Group at around £1.6bnJohn Wood Group shares climbed almost 10% by early Thursday afternoon By Harry Wise [...]

Mitie boasts another record year thanks to ‘Project Pegasus’ anti-shoplifting scheme

Mitie reported revenue increased by 11% to £4.5bn in the year ending March The company launched 'Project Pegasus' in conjunction with the Home OfficeBy Harry Wise [...]

Britons splash-out on UK breaks over May bank holiday – with sales in Dorset and Cornwall soaring

This is Money given exclusive access to data from Mastercard By Jane Denton Updated: 09:22 BST, 6 June 2024 Spending on staycations and home improvements rose [...]

Why it could pay to wait before passing your driving test as 17-year-old drivers quoted over £3,000 for cover

The price of insuring a car for a new driver has reached near-critical levelsBut the good news is that older new drivers are charged less [...]

Labour will hike both income and corporation tax if they win the election, warn City firms

By Leah Montebello Updated: 22:01 BST, 5 June 2024 Fears: Six in ten City institutions expect Keir Starmer's party to hike income and corporation taxInvestors [...]

Axe shares tax to revive London’s ailing stock market, says Investment Association

By John-Paul Ford Rojas Updated: 22:01 BST, 5 June 2024 The Investment Association (IA) has called on the next government to scrap stamp duty on [...]

Just one in 25 new cars cost less than £20,000 as sales slump 13%

By Jessica Clark Updated: 22:00 BST, 5 June 2024 Drivers are turning their backs on electric vehicles as well as petrol and diesel cars amid [...]

Meme stock star Roaring Kitty facing US probe over latest Gamestop trading claims

By Leah Montebello Updated: 22:00 BST, 5 June 2024 A notorious meme stock investor known as Roaring Kitty is being investigated by US regulators.The trading [...]

Centrica gets a slap on the wrist from investors as it pays boss Chris O’Shea £8.2m

By Jessica Clark Updated: 22:00 BST, 5 June 2024 Anger: Some 10% of Centrica shareholders opposed the £8.2m pay package handed to chief exec Chris [...]

Retailers upbeat as economy recovers: Zara owner Inditex, B&M and WH Smith report rising sales

By Emily Hawkins Updated: 22:00 BST, 5 June 2024 Three major retailers struck an upbeat tone yesterday as the economic recovery continues.Zara-owner Inditex, discounter B&M [...]

Paragon Bank shares hit 17-year high as lender posts bumper profits

The Solihull-based lender's pre-tax profits soared by 138.6% to £110.6mParagon plans to purchase up to £100million of its shares and pay investors a 13.2 pence [...]

B&M scores record sales of £5.5bn after discount retailer swooped on closing Wilko stores

B&M sells everything from food to stationery, furniture and gardening toolsThe FTSE 100 company revealed sales increased by around £500m to £5.5bnBy Harry Wise Updated: [...]

Choosing the Right Plug for Financial Gaps: A Guide to Online Installment Loans

When financial gaps loom, the modern solution often lies in the digital lending arena. Reputable lenders are one avenue where online installment loans present a [...]

How to Buy a Car With Bad Credit

Buying a car with bad credit can present challenges, but it's not impossible. While you may encounter higher interest rates and fees, understanding your options [...]

Digital marketing firm Mission Group mulls higher £32.3m takeover offer from Brave Bison

By Daily Mail City & Finance Reporter Updated: 00:51 BST, 5 June 2024 Takeover bid: Brave Bison owns the Social Chain agency founded by Dragons’ [...]

Stock Exchange boss dismisses Shein backlash: Julia Hoggett shrugs off human rights concerns

By John-Paul Ford Rojas and Emily Hawkins and Miles Rebeiro Updated: 22:01 BST, 4 June 2024 The London Stock Exchange’s boss has dismissed a backlash [...]

West on course for ‘a decade of rearmament’, warns boss of UK explosives maker

By Leah Montebello Updated: 22:01 BST, 4 June 2024 The threat of global conflict will lead to a decade of rearmament as the West bolsters [...]

THG founder Matt Moulding raises his stake in the activist investor besieging his own firm

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 4 June 2024 Stake: THG founder Matt Moulding has increased his holding in Kelso Group for [...]

It’s Miller time at M&S: Shares hit a six year high as chain unveils actress’s new ‘boho chic’ collection

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 4 June 2024 Marks & Spencer’s boss hailed a new ‘absolutely knockout range’ designed by [...]

Standard Chartered accused of funding Hamas and enabling billions of dollars of transactions for Iran

By John-Paul Ford Rojas Updated: 22:01 BST, 4 June 2024 Standard Chartered was yesterday facing fresh allegations that it enabled billions of dollars of banking [...]