Business & Finance | Express Digest

UK businesses urge Labour to scrap the tourist tax

Reeves wants to become the most ‘pro-growth Chancellor’ in UK history By Emily Hawkins And Samuel Norman Updated: 22:01 BST, 1 June 2024 Leading businesses are [...]

London-listed firms dish out £12bn in dividends in three months

UK’s performance so far in 2024 has also far outstripped the rest of Europe By John Paul-ford Rojas Updated: 22:00 BST, 1 June 2024 British savers [...]

CITY WHISPERS: North Sea tax gushers to dry up under Labour

By Francesca Washtell Updated: 22:00 BST, 1 June 2024 One of the lesser-spotted species of stock exchange announcements is the ‘payments to governments’ report.It is [...]

Soho House rejects takeover bid that would have seen it leave New York stock market

By City & Finance Reporter Updated: 21:50 BST, 31 May 2024 Soho House has rejected a takeover bid that would have seen it leave the [...]

INVESTING EXPLAINED: What you need to know about the carry trade

By City & Finance Reporter Updated: 21:50 BST, 31 May 2024 In this series, we bust the jargon and explain a popular investing term or [...]

SHARE OF THE WEEK: Boost for British American Tobacco as Government’s proposed law to ban smoking fails to make statute books

By City & Finance Reporter Updated: 21:50 BST, 31 May 2024 British American Tobacco (BAT) and its peers breathed a sigh of relief when Rishi [...]

Flutter finance chief quits as gambling group lists in the US

Flutter's chief finance officer has stepped down as the gambling group shifts its primary listing to the US. UK-based Paul Edgecliffe-Johnson has leftover concerns about [...]

Eurozone inflation rose to higher-than-expected 2.6% last month, according to official figures

This will create a headache for interest rate setters in the single currency blocIncrease unlikely to deter ECB from cutting rates by a quarter percentage [...]

Vodafone completes sale of its Spanish operations for £4.3bn

By City & Finance Reporter Updated: 21:50 BST, 31 May 2024 Vodafone has completed the sale of its Spanish operations for £4.3billion – helping to [...]

MARKET REPORT: JD Sports drags its feet as few spend big on clothes

By John Abiona Updated: 21:50 BST, 31 May 2024 JD Sports has enjoyed unrivalled success when it comes to getting young men and women to [...]

Donald Trump sees more than £400m wiped off his fortune

By John-Paul Ford Rojas Updated: 21:50 BST, 31 May 2024 Taking a hit: Donald Trump owns a 65 per cent stake in the companyDonald Trump [...]

The consumer champion’s guide to getting what you want: This is Money podcast

By This Is Money Updated: 17:42 BST, 31 May 2024 This is Money's consumer champion Helen Crane celebrated the 100th edition of her Crane on [...]

Revolution Bars tells creditors to back restructuring or face administration

Revolution Bars had been exploring a sale process but rejected approaches By Mike Sheen Updated: 11:35 BST, 31 May 2024 Revolution Bars has called time [...]

Nationwide’s £2.9bn takeover of Virgin Money probed by competition watchdog

CMA to investigate if deal could result in 'substantial lessening of competition'By Mike Sheen Updated: 09:48 BST, 31 May 2024 Britain's competition regulator will launch [...]

JD Sports shares plummet as ‘challenging market’ puts a dent in profits

By Angharad Carrick Updated: 09:34 BST, 31 May 2024 JD Sports shares tumbled on Friday morning after the retailer revealed a dip in profits, despite [...]

Government sells £1.24bn in NatWest shares despite fears for Tell Sid sell-off

UK Government sells 392m shares for 316.2p each, raising £1.24bn By Mike Sheen Updated: 08:35 BST, 31 May 2024 The government has sold another chunk of [...]

Crispin Odey sues the Financial Times after it published sexual harassment allegations

By Daily Mail City & Finance Reporter Updated: 22:04 BST, 30 May 2024 Harassment claims: Hedge fund tycoon Crispin Odey is suing the Financial TimesCrispin [...]

Sony Music in talks to snap up Queen’s hits and merchandising rights in £1bn deal

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 30 May 2024 Icon: Queen's legendary frontman Freddie Mercury (pictured)Sony Music is in talks to [...]

Saudi state oil giant Saudi Aramco moots £15bn share sale

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 30 May 2024 Stock sale: Advisers to Saudi Aramco have been in Saudi Arabia making [...]

Fears for De La Rue as Britain’s banknote printer enters sale talks

By Leah Montebello Updated: 22:01 BST, 30 May 2024 The company behind Britain’s banknotes is considering breaking up its business just a day after Royal [...]

Sunak handed an election boost as business confidence hits an eight year high

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 30 May 2024 The Tories were handed a boost last night after data showed business [...]

Anglo American may list £7bn platinum division on the UK stock market

By John-Paul Ford Rojas Updated: 22:00 BST, 30 May 2024 Shake-up: Anglo American could list its £7bn platinum division AmplatsAnglo American could list its £7billion [...]

Tories to keep close eye on Kretinsky over pledge to protect Royal Mail

By John-Paul Ford Rojas Updated: 22:00 BST, 30 May 2024 Chancellor Jeremy Hunt has piled pressure on ‘Czech Sphinx’ Daniel Kretinsky after his £3.6billion bid [...]

NS&I quietly boosts rate on two of its savings accounts including its income bonds

By Sylvia Morris Updated: 14:50 BST, 30 May 2024 National Savings & Investments has quietly increased the rate on two of its variable accounts.Its Direct [...]

How £5,000 is the magic number to save at Nationwide if you want the £100 perk, says SYLVIA MORRIS

By Sylvia Morris Updated: 14:43 BST, 30 May 2024 Great news for 3.85 million Nationwide customers. They will see a £100 payout land in their [...]

Springfield Properties agrees £6.3m affordable housing contract

The Elgin-based firm intends to begin constructing the homes immediately Four weeks ago, Springfield secured a £10m contract from Moray Council By Harry Wise Updated: 13:45 BST, 30 [...]

Auto Trader shares hit record high as FTSE 100 group cashes in on ‘robust’ second-hand car demand

Auto Trader shares have risen by over 30% in the last year By Jane Denton Updated: 11:40 BST, 30 May 2024 Auto Trader Group shares rose [...]

Nightcap walks away from acquisition of Revolution Bars

Nightcap was co-founded by former Dragons Den star Sarah WillinghamRevolution Bars said Nightcap's proposal was 'incapable of being delivered'By Harry Wise Updated: 11:07 BST, 30 [...]

London markets ‘less attractive’ than international rivals say boss of tech unicorn Oaknorth

By Daily Mail City & Finance Reporter Updated: 22:07 BST, 29 May 2024 Oaknorth co-founder Rishi Khosla says the UK is 'less attractive' than other [...]

Vaccines tsar sells biotech start-up to US pharma group Merck in £2.4bn deal

By Daily Mail City & Finance Reporter Updated: 22:04 BST, 29 May 2024 Biotech deal: Dame Kate Bingham (pictured) led Britain’s Covid vaccine task force [...]

Boost for sunseekers as pound hits highest level against euro for two years

By John-Paul Ford Rojas Updated: 22:04 BST, 29 May 2024 Rally: Sterling climbed to just below €1.18 versus the single currency, its strongest level since [...]

BHP abandons £39bn pursuit of Anglo American as City fights back against predators

By Leah Montebello Updated: 22:03 BST, 29 May 2024 BHP has abandoned its bid for London-listed miner Anglo American as the City continues to fight [...]

Outrage at Ofwat plans to cut sewage-dumping fines for water firms

By Emily Hawkins Updated: 22:03 BST, 29 May 2024 Anger towards the water industry grew further as plans to slash fines for some sewage-dumpers were [...]

Marks and Spencer appoints Rightmove’s Alison Dolan as its new finance chief

By Emily Hawkins Updated: 22:03 BST, 29 May 2024 Turnaround drive: Rightmove chief financial officer Alison Dolan (pictured) has joined Marks and Spencer Marks and Spencer [...]

US energy giant Conoco Phillips buys Marathon Oil in £17.7bn deal

By Daily Mail City & Finance Reporter Updated: 22:03 BST, 29 May 2024 Deal frenzy: The acquisition of Marathon Oil will enable Conoco Phillips to [...]

Wood Group suitor Sidara makes final offer for oilfield services giant

Sidara has put forward a new offer valuing Wood Group at around £1.6bnIt represents a 52% premium to Wood's closing share price on 29 AprilBy [...]