Business & Finance | Express Digest

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 [...]

ECB set to press ahead with rate cut next week thanks to German inflation reading

ECB interest rate cut next week 'almost guaranteed' after German CPI dataMarkets expect 50-75bps of cuts this year but analysts warn of uncertainty By Mike Sheen [...]

Homeownership among under 35s hits highest level since 2010, IFS says – here’s why

Homeownership for young adults have recovered to 2010 levels39% of 25 to 34-year-olds owned their home in 2022/23, up from 33% in 201569% of 45-59 [...]

Anglo American rules out mining rival BHP’s request for extra time to make another takeover bid

By Mike Sheen Updated: 15:32 BST, 29 May 2024 FTSE 100 miner Anglo American has rejected rival BHP's request for extra time to table another [...]

Fuller’s agrees £18m deal to sell 37 pubs to Admiral Taverns

Fuller's revealed it would sell sites from its tenanted and managed inns armAdmiral's estate will also expand to over 1,400 predominantly wet-led pubs By Harry Wise [...]

BHP calls for more time as it weighs £39bn Anglo American takeover

BHP's proposed takeover would be the largest mining industry deal in historyAnglo American has expressed concerns about the takeover's complexityBy Harry Wise Updated: 10:19 BST, [...]

Bloomsbury snaps up US academic publisher for £65m

Bumper acquisition is a 'game-changer' for Bloomsbury, boss claims By Jane Denton Updated: 09:12 BST, 29 May 2024 Bloomsbury Publishing shares rose on Wednesday after the [...]

Labour dithers over NatWest share sale plan saying it will ‘review the details’ if it wins the election

By Jessica Clark Updated: 22:03 BST, 28 May 2024 Labour has refused to commit to the NatWest share sale, saying it will ‘review the details’ [...]

Ithaca Energy shakes up top team as it pushes ahead with deal to buy UK assets of Italian rival Eni

By Daily Mail City & Finance Reporter Updated: 22:02 BST, 28 May 2024 Merger: Ithaca is expected to complete its £754million deal for Eni’s UK [...]

Boohoo bows to investor pressure as it backs down on paying bosses £1m bonuses

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 28 May 2024 Losses: Boohoo has withdrawn a resolution from its AGM which would have [...]

Shamed Woodford told to hand back his CBE after fund collapse left hundreds nursing losses

By Emily Hawkins Updated: 22:01 BST, 28 May 2024 Frustrated investors who lost out in the collapse of Neil Woodford’s firm have called on the [...]

Nick Train vows to back ‘world-class’ British businesses after apologising for a dismal performance

By John-Paul Ford Rojas Updated: 22:01 BST, 28 May 2024 Star stock picker Nick Train apologised yesterday for the poor performance at his Finsbury fund [...]

Ocado to be relegated from Footsie after six years with stock down 45% this year

By John Abiona Updated: 22:01 BST, 28 May 2024 Shares down: Ocado, which joined the FTSE 100 in June 2018, is valued at £3.4bnOcado is [...]

Crypto rush fuels money laundering fears: FCA approves just 1 in 7 firms

By John-Paul Ford Rojas Updated: 22:00 BST, 28 May 2024 Fewer than one in seven cryptocurrency firms that tried to register with the City watchdog [...]

Takeover talks stall at Anglo American after wrangling over the new company’s listing

By Jessica Clark Updated: 22:00 BST, 28 May 2024 Bid barrage: Anglo American last week rebuffed BHP's third offer of £39bn but agreed to engage [...]

New lung cancer drug boosts AstraZeneca as trials show improved survival rates

By Jessica Clark Updated: 22:00 BST, 28 May 2024 AstraZeneca’s lung cancer drug has showed improved survival rates in trials.The results were a boost for [...]

Shop price inflation falls to lowest levels since November 2021

Annual inflation slid to 0.6% last month, according to the BRC and NielsenIQFood inflation abated for the 13th successive month, declining to 3.2% in May By Harry [...]

Victorian Plumbing sees profits jump in first half results despite revenue dip

Revenue fell 1% year-to-year to £144.6m in six months to 31 MarchLancashire-based firm also saw 8% increase in gross profit to £72.3m By Daniel Fessahaye Updated: [...]

Hospitality group Revolution Bars rejects Nightcap takeover deal

Nightcap's founder is former Dragons Den star Sarah Willingham Revolution's present restructuring strategy includes closing 18 venues By Harry Wise Updated: 11:42 BST, 28 May 2024 Revolution [...]

AA adds fully electric recovery trucks to its fleet

UK's biggest breakdown assistance provider adds three electric recovery trucksThese are part of a trial to help the AA become net zero by 2035By Rob [...]

ECB rate cut forecast adds pressure on Bank of England to lower base rate

Bank meeting in June to decide whether to cut rates from 16-year peak of 5.25%Latest UK inflation figures last week showed sharp drop to 2.3% in [...]

BUSINESS LIVE: Revolution rejects Nightcap offer; Bunzl buys Nisbets; Victorian Plumbing revenues dip

By This Is Money Updated: 08:03 BST, 28 May 2024 Among the companies with reports and trading updates today are Revolution Bars Group, Victorian Plumbing, [...]

Boohoo facing shareholder revolt on bosses’ bonuses after tumbling to a £160m loss

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 27 May 2024 Bad look: Boohoo is facing a shareholder revolt over bosses' bonusesBoohoo is [...]

Czech Sphinx will cut up to 1,000 Royal Mail jobs if £3.5bn takeover goes ahead, union bosses warn

By Jessica Clark Updated: 22:00 BST, 27 May 2024 Union bosses have warned the ‘Czech Sphinx’ could press ahead with plans to cut up to [...]

Flora margarine and Branston Pickle-maker Princes Group bought by Italian rival in £700m deal

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 27 May 2024 The British maker of Flora and Branston has been bought by an [...]

Parties urged to put £395bn wealth fund in manifestos

By John Abiona Updated: 21:50 BST, 26 May 2024 All parties should commit to setting up a sovereign wealth fund in their election manifestos, a [...]

Dr Marten braced to report sharp drop in profit and revenue as sales in US tumble

By City & Finance Reporter Updated: 21:50 BST, 26 May 2024 Best foot forward: City analysts predicted profits will plummet by a third to £125mDr Marten [...]

RUTH SUNDERLAND: Cheer up, City may be struggling but we’ve got M&S

By Ruth Sunderland for the Daily Mail Updated: 21:50 BST, 26 May 2024 Perhaps it is a slight exaggeration to say that when Marks & [...]

Two of the biggest takeover sagas of the year look set to be resolved as deal mania sweeps the City

Bidders for Anglo American and Royal Mail must put forward formal offers If they don't, they must walk away for at least six monthsBHP and Daniel [...]

Melrose bosses scoop £300m bonus bonanza

The private equity-style windfall will be triggered on Friday By Patrick Tooher Updated: 22:01 BST, 25 May 2024 Top bosses at engineer Melrose are set to [...]

Big NatWest shares sale to the public may be axed

It had been set to take place as early as next month By Mark Shapland Updated: 22:01 BST, 25 May 2024 The sale of Government shares [...]

Even London Tunnels is shunning the London Stock Exchange

London Tunnels will float on the Euronext exchange By Patrick Tooher Updated: 22:01 BST, 25 May 2024 A company that wants to turn a secret network [...]

Top money managers are wary of Shein float

London is currently vying with New York for the blockbuster £53bn float By Emily Hawkins Updated: 22:00 BST, 25 May 2024 Some of Britain’s largest fund [...]

CITY WHISPERS: George Osborne springs to life after Chelsea gala invite

By Mark Shapland Updated: 22:00 BST, 25 May 2024 The great and the good were at the Chelsea Flower Show this week, keen to see [...]

Unique Strategies for Consulting Case Interview Success – Get an Elite Consulting Offer

Achieving success in consulting begins with the case interview, a critical step that assesses more than just analytical skills. It tests a candidate's ability to [...]